we missed by 1ct... darn... doesn't matter...
listening live to cc (hope not to miss too much with
the children running around!).
CC notes:
outstanding Q, record Q in revs. GNSS executing well.
Market trends: clearly at the forefront of an expanding
flat panel display market. Market share = all of the
other commercial competitors combined! Number 1 supplier
of processors in high end DVD. Expect to continue to
expand leadership position. 50% avg growth over next 5yrs.
Demand accelerating as fpd represent future. According
to display search, 2001 market size will reach 12 mil up
from 6 mil. We are leader in dual flat interface monitors
(fastest growing sector). Iin this segment, got key
customers such as Dell. Have highest level of integrations.
GNSS is the only company with this level of integration.
HP, NEC, ACER still important customers in the analog
controller business. About design wins in Dec Q. Products
are gaining traction in all segments. 12 design wins
during the Q. Cannot reveal all names of customers.
16 dual with acer. 16 in dual with samsung. dell 15 in
mainstream dual interface moniter. digital tft mitsubishi.
aother oem designs. tatung 2 wins. flat pannel tv
with lg electronics with a progressive processor chip.
NEC 2 of firdt dvi mainstream products. NEC world
largest supplier of digital only led monitors. All this
in last 3 months. more announcements as customers introduce
products. in full production with all 3 products: analog,
dual, digital.
GM650 the most cost effective high end monitor system
first integrated dual chips, dvd tv markets --solutions
for panasonic, snoy, toshiba.
boy! hard to type fast enough...
Financial Results:
strong revenue growth trend reflect leadership in
flat pannel. Target revenue growth of 1 million next Q
over this quarter. rev +60% next year over previous.
70% of total revenue coming from flat pannel market...
this market continues to grow fast. research find flat
pannel only 6% of total market. expected to grow to 12%.
See potential upside to today's guidance... Chose to
accelerate product introduction activity... prototype
costs incurred in last week of december Q instead of
2001 jan. Because, got increase demand. Caused increased
costs of 700K=3cts/share... significantly strenghtened
cash position by the end of december... expect tax
rate for next year =0 down from 10%. Long term, tax rate
of 20%. Diluted earnings/share=10cts. For march,
expect earnings to grow more than 10%. Expect next year
to double earnings. Cash increased 5 million to 33 millions.
Account receivables decreased 5 days. Ramped up production
of new products. Inventory up all due to in process
wafers --strong demand here... 8 million vs 1.5 million in
previous quarter!
in volume productions of all 3 processors... |
