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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (845)	5/7/2001 7:16:22 PM
From: Si_Detective	Read Replies (1) \| Respond to of 1277

Being follow GNSS for a long time, I think the best news today is bye-bye to Russo. I think we'll have some endorsements tomorrow, analysts upgrade.

To: The Reaper who wrote (845)	5/7/2001 10:57:43 PM
From: trilobyte	Read Replies (1) \| Respond to of 1277

hi kirby yep, still around, still holding my position. Listening to the cc call right now. Here's a recap for all's enjoyment! Trilobyte non-recurrent charges: 1) costs associated with restructuring and staff reduction. Head count reduced 10%. 2) costs associated with b135. This old product replaced by higher margin 3) low manufacturing yield with first implementation of line buffer in .25micron tech. corrected now. 4) professional fees cancelled. lawyers. returned to profitability in June Q. prices of 15in panels declined from 450$ to 220$-230$. Consequently, monitor prices now sell in the low 400$ today. Think this will drive adoption rate of business. Display search has increased forecast from 12mil to 14mil units. Noticeable effects on business: customers delayed orders which increased our accounts receivable. June shaping up as strong quarter, with 80% of the business already booked. Enthusiasm garded because of weak economy. Integration of electronics: smart panel technology. We will start supplying components directly to manufacturors. Introduced this new product line: expect revs in Dec. Q. System products introduced since last call: NEC, Comcal (for Toshiba), Dicon (9 models), KCI (analog). Digital wins: Comcal (including Compaq, NEC, Toshiba), Samsung using 3020 (Dell, IBM), and this morning, announced Fujitsu. GNSS found in 8 of 13 leading monitors according to PC magazine. In full production with analog, dual, and digital. About market share, according to dec report, maintained leadership with 43% market share. Believe our market share will continue to increase. Increase guidance up to 20mil for next Q. Target 10% Q/Q growth over June Q. Flat panel monitor contributed over 15mil in rev last Q. 5.5 mil where non-recurring events due to obsolete inventory... Target GM to 46-47% with potential upside. Seeing increasingly price competitive market. non-recurring costs of 1.2mil associated with employee reductions and cancelled initiatives. Without one-time charges, 1.3 million pre-tax profit (so they would've missed anyway so that's why they piled up the 1-time charges I guess...). Increase in receivables is result of ramp in business at end of Q. Anticipate inventory will continue to decline. Q&A %of digital shipped this Q? not stated. doubled our shipments of dual interface. migration path to 17in panel? pricing is below 1000$ still high price should maintain 15in as most popular product. But we're serving 17in market too. 15in sweetspot... market share difference? don't have the number. 15in XGA is where our products have been traditionally target. Don't have relative share handy. (don't want to say behing PXLW, he he he, for 17in). who's your competitors: see them all... watch them all... politically correct answer. receivables back-end loaded? things picked up pretty quickly was driven by rapid price decline of panels. OEM were reluctant to build monitors when prices dropping. Now, they're building. breakdown charges b135 and 5030? No, won't breakdown with individual products. GM, hold in 46-47% range? why? seeing some price competitive marketplace because less integrated competitors are dumping their products. potential to improve later in the year. Still going after market share so proactive actions here. a typical Q is in the range of 25-30% booked at the beginning. June last year was 50% booked at the beginning of the quarter. So 80% booked is big. pw111 from PXLW. How compare with your product? Don't follow it in detail. 15in market is 80% of flat panel market DSO: issue is get into a more steady state (no rapid price decline). Less than 10% of receivables are more than 60 days. Inventory turns: dollar value in inventory should decrease next Q in dollar terms. Expect digital to be 24% of overall market by end of year. fujitsu design win: that is a win we took away from a competitor. 20% missing to book the quarter when they usually have 75% turnover... seems upside is potentially large... no questions about litigation with SIMG...