SWKS - Skyworks Solutions, Inc (was AHAA) Message Board

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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)

SWKS 55.83

+1.0%

3:59 PM EST

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To: w0z who wrote (1161)	5/1/2001 11:11:09 PM
From: Czechsinthemail	Read Replies (1) of 1698

Alpha Industries (AHAA) 49.85 -1.00: AHAA posted record revenues and income for its fourth quarter beating the Street by three cents... that's the good news. The bad news is fourth quarter sales were down 7% sequentially and 31% year on year. In addition, AHAA now expects a net loss of between eight and ten cents per share for the first quarter of fiscal 2002. Management described the current operating environment as one in which end-market demand has tailed off while at the same time OEM inventories have peaked. Perhaps the most interesting aspect of the conference call was management's more specific forward guidance. While acknowledging market conditions are "difficult to predict", the company expects business to ramp again in the July/August time frame. This is when orders filter in from cellular handset makers which typically rollout new products in the September/October time frame (to make the market for holiday sales). As further guidance, AHAA sees business hitting "equilibrium" somewhere around the September time frame. By equilibrium, they mean sales in the end market will begin to approximate AHAA orders. It sees the next major product wave as wireless devices that transmit high speed data, but believes new orders for this new wave won't be seen until "late this year or early next year". The majority of AHAA's current business is comprised of its first generation products which are more susceptible to pricing pressure than its second generation products. The company believes the industry is "hitting bottom" and as far as its own business is concerned, says "the inflection point should be apparent within the next few weeks." Though management was up front regarding its business outlook regarding both the positives and negatives, Briefing.com would like to be sure the inflection point is apparent before we would commit capital to the shares at these prices. [Briefing.com]

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