Strength in License and On-Demand Revenue Drives Improved Operating Margin and Operating Cash Flow

4Q09 revenue was $572 million

Analog Devices, Inc. (ADI)

F4Q09 Earnings Call

November 23, 2009 5:00 pm ET

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Earnings Call ExcerptAnalog Devices, Inc. ADI F4Q09 Earnings Call November 23, 2009 5:00 pm ET Executives Mindy Kohl – Director of Investor Relations Jerald G. Fishman – President and Chief Executive Officer David A. Zinsner – Vice President of Finance and Chief Financial Officer Analysts John Pitzer -...

Nuance Communications, Inc. (NUAN)

F4Q09 Earnings Call

November 23, 2009 5:00 pm ET

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Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Daniel Ives – FBR Capital Markets. Daniel Ives – FBR Capital Markets Could you for next year talk about implied in your guidance for fiscal 2010 what type of growth you are looking for...

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Skyworks Solutions (SWKS) earlier reported revenues of $228.1 million in the fourth quarter of fiscal 2009, up 19% sequentially and surpassed management’s guidance range of $220 million – $225 million. Operating margin came in at 14.4% compared to 12.0% in the previous quarter. Earnings per share came in at 24 cents, easily beating the Zacks Consensus [...]

(SWKS) Skyworks Solutions Beats Estimates

Skyworks Solutions (SWKS) earlier reported revenues of $228.1 million in the fourth quarter of fiscal 2009, up 19% sequentially and surpassed management’s guidance range of $220 million - $225 million.

Operating margin came in at 14.4% compared to 12.0% in the previous quarter. Earnings per share came in at 24 cents, easily beating the Zacks Consensus Estimate of 18 cents.

During the quarter, the company retired $17.4 million in 2010 convertible bonds, which led to a dilution of the equity base by two million.

Going forward, although the management remains cautious about the broader economy, it expects revenues to grow by 15% - 20% year over year driven by mobile Internet, energy management and diversified analog applications. Management indicated improved order visibility and strength in backlog at the end of the quarter. This implies a revenue guidance of $238 million - $242 million. Operating margin is forecasted around 20%. Earnings per share are expected around 25 cents.

The company launched network infrastructure digital attenuators, voltage controller oscillators, synthesizers and mixers at Huawei, ZTE, Ericsson (ERIC), Alcatel-Lucent (ALU) and Nokia-Siemens (NOK)/(SI).

Skyworks is well positioned to benefit from recent trends in the handset market, which are favorable to increasing dollar content for RF components. In general, the increasing complexity of higher-end phones that offer multi-band communication across various air standards are expanding the market for Skyworks’ products due to the need for backward compatibility from 3G to 2G networks. There is a significant growth opportunity in the handsets market, propelled by the launch of 3G in China.

Another favorable trend is the continued shift towards multi-mode modules, which save board space in a handset, generating higher margins. The company has tie-ups with major OEMs that underscore the company’s success in gaining market share. The company is also making good progress in the linear business with WLAN wins at Intel (INTC) and Broadcom (BRCM).

Headquartered in Woburn, Massachusetts, Skyworks Solutions designs, manufactures, and markets a broad range of high performance analog and mixed signal semiconductors that enable wireless connectivity.
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EMC is extending its Avamar backup software to all parts of an enterprise's infrastructure with clients for PC and Mac desktops and laptops.

The software for automated backup and recovery, which EMC acquired by buying Avamar in 2006, already backs up the contents of corporate servers and uses deduplication to more efficiently store it. Avamar 5.0, available immediately, lets enterprises add the same backup capability to individual client systems and does not require a per-client license.