TraderDan,
Info on customers, from the RFMD 10-K....Nokia is 73% of trailing revenues....I am long, but admit that 73% does make me a little queasy...
Brian
edgar-online.com
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CUSTOMERS
The following list identifies, by market, our customers that have placed cumulative orders of greater than $100,000 in the 12 months ended March 31,1999.
CELLULAR/PCS HANDSETS
Nokia Mobile Phones Ltd.
Siemens A.G.
Philips N.V.
Motorola Inc.
Bosch Telecom, Inc.
LG Information & Communications, Ltd.
NEC Corp.
Hyundai Electronics Industries Co., Ltd.
Sony Electronics, Inc.
Samsung America Inc.
Internix, Incorporated
Hanwha Telecommunications Co., LDT
Appeal Telecommunications Co. Ltd.
Kyocera America, Inc.
Telson Electronics Co., Ltd.
Denso Wireless Communications Co., Ltd.
Pan Tech Engineering Corporation
Mitel Corporation
Marshall Industries
CELLULAR/PCS BASE STATIONS
Ericsson Mobile Communications
Motorola Inc.
Lucent Technologies
Powerware Technologies, Inc.
SCI Systems, Inc.
Spectrian Corporation
Sanmina Corporation
WIRELESS DATA
Lucent Technologies, Inc.
Research In Motion Limited
OTHER WIRELESS APPLICATIONS
Tellabs Operations, Inc. (Wireless Local Loop)
Lucent Technologies, Inc.,
SpectraLink Corporation,
Hexagram, Inc. (Cordless Telephones)
Motorola Inc., Celestica, Inc. (Paging; Industrial Radios)
Alcatel Network Systems (Point to Point Radio)
Hoshing Telecom Limited (Child Locators)
Digital Security Controls Ltd. (Wireless Security)
We have agreed in principle with TRW and Nokia to cooperate to develop and supply Nokia with RFICs that are manufactured using TRW's GaAs HBT processes.
The arrangement contemplates that Nokia and we will negotiate separate
agreements to address the development and supply of each component. Pursuant to the arrangement, we have agreed to provide Nokia with access to certain RFIC technologies and to our GaAs HBT wafer fabrication facility, and Nokia has agreed to provide us with rights to bid for and supply Nokia's requirements for certain RFICs.
Pursuant to separate agreements resulting from our arrangement with Nokia, we have developed a number of RFICs and supplied them to Nokia in commercial quantities. For the 12 months ended March 31, 1999, sales to Nokia were approximately $112.2 million, representing approximately 73% of our revenue.
Our agreement in principle with TRW and Nokia can be terminated without penalty by any of the parties for any reason. This arrangement does not obligate Nokia to purchase any additional products from us, and there can be no assurance that Nokia will remain a significant customer of ours or that this relationship
will continue.
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