SLAB
PERIOD ENDING ....29-Dec-07 29-Sep-07. 30-Jun-07 .31-Mar-07
Retained Earnings .399,858... 378,542 ..358,108... 350,635 <----
Total Revenue .....100,112 ... 87,938 .. 75,597 ... 73,814 <===
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Sale(buy) Stock.. (110,131) ..(20,566)... (119) ....(11,154) <===
Net Borrowings .......0.........0...........0..........0 <----
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Qtrly Revenue Growth (yoy): 34.20% <---V. Good
Qtrly Earnings Growth (yoy): 308.10% <---xlnt
Total Debt (mrq): 0 <---xlnt
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Shares Short (feb08): 16.16M
Shares Short (as of 26-Mar-08): 16.43M
Short % of Float (as of 26-Mar-08): 3.10%
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Trailing P/E (ttm, intraday): 9.33
Price/Sales (ttm): 5.23
Price/Cash Flow (TTM): 7.80 <=========
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Silicon Laboratories, Inc. engages in the design and development of
analog-intensive, and mixed-signal integrated circuits (ICs). Its products
include broadcast products, such as broadcast radio receivers and
transmitters, satellite set-top box receivers, and satellite radio tuners;
ISOmodem embedded modems; voice over IP (VoIP) products, which consist of
ProSLIC subscriber line interface circuits and voice direct access
arrangement; microcontrollers; timing products, such as clocks, precision
clock and data recovery ICs, and oscillators; power products, which
include
isolators, current sensors, and power over Ethernet devices; and mature
products comprising silicon DAA for PC modems, DSL analog front end ICs,
optical physical layer transceivers, and RF synthesizers. The company's
products are used in a range of applications, including ****table devices,
satellite set top boxes, motor control and sensors, FM/AM radios, test and
measurement equipment, personal video recorders, industrial monitoring and
control, central office telephone equipment, customer premises equipment,
and networking equipment. Silicon Laboratories markets its products
directly, as well as through a network of independent sales
representatives, and distributors in the United States, Taiwan, China,
South Korea, and the rest of world. The company was founded in 1996 and is
based in Austin, Texas.
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FROM THE 10K ANNUAL RE****T:
On March 23, 2007, we sold our Aero® transceiver, AeroFONE™ single-
chip phone and power amplifier product lines (the "Aero product lines") to
NXP B.V. and NXP Semiconductors France SAS (collectively "NXP") for $285
million in cash, including $14.3 million held in escrow, plus additional
earn-out potential of up to an aggregate of $65 million over the following
three years. These products represented about one third of our quarterly
revenue at the time of the divestiture. [[[[[[TOPLINE REVENUE COMPS YOY
WILL SUFFER]]]]
..
We intend to selectively compete in wireless applications and have
retained a substantial ****tion of our core RF intellectual property.
..
During fiscal 2007, our ten largest end customers accounted for 37% of our
revenues. No single end customer accounted for more than 10% of our
revenues during this period. Our major customers include 2Wire, Garmin,
Global Navigation Systems, LG Electronics, Motorola, Panasonic, Philips,
Sagem, Samsung, and Thomson.
..
We currently partner principally with Taiwan Semiconductor Manufacturing
Co. (TSMC) to manufacture our semiconductor wafers.
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>>>>>The growth in the sales of our products in fiscal 2007 was
[[[[primarily driven by increased revenues]]]]] from our broadcast and
microcontroller products.
Our FM and AM receivers deliver the entire tuner from antenna input to
audio output in a single chip. Ideal for ****table audio applications, the
broadcast audio products are based on an innovative digital architecture
that enables significant improvements in performance, which translates to
a
better consumer experience, while reducing system cost and board space for
our customers. The AM/FM receivers enable AM and/or FM radio in virtually
any device and the transmitters allow customers to cost effectively add
wireless AM/FM audio playback capability to any ****table media device.
Our C8051F family of 8-bit mixed-signal microcontrollers integrates
intelligent data capture in the form of high-resolution data converters, a
traditional MCU computing function, Flash memory and a highly programmable
set of communication interfaces in a single system on a chip. The
combination of configurable high-performance analog, up to 100 Million
Instructions Per Second (MIPS), 8051 core and in-system field
programmability provides the user with design flexibility, improved time-
to-market, superior system performance and greater end product
differentiation. These products are designed for use in a large variety of
end-markets, including the automotive, communications, consumer,
industrial, medical and power management markets.
..
On October 9, 2007, the Company completed its acquisition of
substantially
all of the assets of SourceCore, a privately held mixed-signal design
company for approximately $10.7 million
..
Through the acquisition, the Company acquired RF designers as well as an
applications and software team in close proximity to our customer base in
China. These factors contributed to a purchase price that was in excess of
the fair value of the net assets acquired and, as a result, the Company
recorded goodwill. None of the goodwill is deductible for tax purposes.
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http://stockcharts.com/charts/gallery.html?slab
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This company does not sell ***y products... more of a high end meat and
potatos. The stock moves sideways and it's moving averages have all
aligned at $35. It spends about a year below that $35 line and about 6
months above the line.
For the majority of it's time below the $35 line it trades in a dependable
16% [tradeable] trading range.
Best entry point is below $30, the closer to $25 the better, but currently
[apr2008] it seems to be in a rally mode (in anticipation of it's earnings
re****t[apr30th]??? or maybe it's litigations settlement with AMD )with a
price objective of $42
note: ANALysts see 36cents/shr, 2c less than last Q
285mil from the sale of discontinued should go straight to bottom line...
they should beat the street ..no??
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