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CHIS-I THINK ACTL WILL REPORT RESULTS THAT ARE IN LINE OR A PENNY BETTER THAN THE CONCENSUS STREET ESTIMATE OF .20. BELIEVE BUSINESS IS STRONG, THE BOOK TO BILL SHOULD BE GREATER THAN ONE, AND THAT THE TONE OF THE CONFERENCE CALL SHOULD BE POSITIVE. ACTL HAS SEEN A SHIFT TO HIGHER GATE-COUNT, HIGHER ASP PRODUCTS, CONSISTENT WITH THE INCREASE THEY HAVE EXPERIENCED IN THEIR MIL/AERO BUSINESS. THE MIL/AERO REPRESENTS 30% OF REVENUES, AND CONSISTS OF PRODUCTS SUCH AS RADHARD, WITH ASP'S IN EXCESS OF $8,000. THERE HAS BEEN SOME CONCERN LATELY REGARDING THE NEW SPGA FAMILY, BUT I THINK IT IS UNFOUNDED. THE SPGA FAMILY IS A HIGHLY-INTEGRATED SYSTEM-LEVEL DESIGN OFFERRING A PROGRAMMABLE ARCHITECTURE. SILICON FOR THIS FAMILY IS NOW AVAILABLE AND IS CURRENTLY SAMPLING. THE PRODUCT APPEARS WELL RECEIVED, BUT VOLUME SHIPMENTS ARE STILL LIMITED BY THE AVAILABILITY OF SOFTWARE. AN ENHANCED VERSION OF THE PRODUCT WILL OFFER AN ASIC CORE, COMBINING THE LOW-COST PERFORMANCE BENEFITS OF A GATE ARRAY ASIC WITH THE REPROGRAMMABILITY OF PROGRAMMABLE LOGIC. THE OUTLOOK FOR THESE TWO PRODUCTS IS STRONG. RAMPING OF THESE PRODUCTS SHOULD BEGIN IN Q3, LENDING PARTICULARY GOOD VISIBILITY IN 1998. BUY |
