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VTSS Investor Forum

june 30 numbers coming in

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MSPD reported:



Revenues +10% quarter to quarter at ($42.2 million). Projecting +0-4% growth Q-Q for September.

Verbal comments that I found interesting.

Design wins continue to be strong. The CEO even said this was the 4th quarter in a row MSPD set records for design wins. However there were no numbers thrown out.

all of the design wins were to start to add revenue Sept 2012 and Dec 2012.

Mentioned that customers were working through an overstock of inventory, a problem VTSS shouldn't have.

Said china grew 22% from the previous 90 days. Also cited a 5-15% expected growth of capital expenditures for telecome in China for the next year.

Interestingly MSPD is also looking for a new CFO.

I found the call pretty pedestrian and uninspiring. stock is down $.40 from day previous to announcement.

MSPD financials are surprisingly close to VTSS, in revenue, cost structure, etc.

Posted by dlog - 15 years ago

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BRCM announced. Strong numbers. Stock is+ 10% today (7/26).

Posted by dlog - 15 years ago

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There is ZERO comparison between VTSS and BRCM . . . they should not even be mentioned in the same sentence.

Posted by G - 15 years ago

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LSI just reported. Revenue is up 5.9% from 90 days ago and 5.9% from last year. forecasted growth for revenue for the next 90 days is in the range of +6.7% to +12.8% over the $501 million in revenue they just reported for the June quarter.

http://finance.yahoo.com/news/LSI-Reports-Second-Quarter-prnews-3427474047.html?x=0&.v=1

LSI closed the day at $6.45. Trading after the release at $7.10.

Posted by dlog - 15 years ago | Updated 15 years ago

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They tried to make me buy some VTSS
I said No No No
Go to Chuck Schwab and get some
But I won't Go Go Go
I've heard the Chris Gardner line
I might be stupid but I ain't blind
They tried to make me buy some VTSS
But I said No No No

RIP Amy Winehouse

Posted by altrfan - 15 years ago

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OMG! Another chance to back the truck up. That's right, my trucks are already full. Should I run down to Budget and rent another truck? Or could I have done more with these trucks that are already loaded down and doing nothing? Hummmm?

Anyone keeping up with the performance of this dog? How about when we did the RS ($9 a share) or Feb when we got relisted ($5 a share) or today ($3.61 a share)? How long until we finally reach no bucks per share? Everything that seems to happen only marks places to sell - when has backing the truck up done anything.

I did back the truck up - once, and we haven't quite reached that level, but we are sure getting close and certainly continue to head in that direction.

Oh, BTW, I want to announce my support for the Tea Party - I can see that the Republican leadership as well as the Democratic leadership are in this for purely political reasons and do not give a good damn about the country and certainly not the people. The rating agencies are telling us $4 T is the number and neither the Rs nor the Ds are working for that - but the TP is. The solution is $4 T and they just don't care. I am clear now that I am not going to support ANY incumbents any longer right down to the dogcatcher. Where do I sign up for the TP?

Posted by Satbob - 15 years ago

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Hi Satbob,

What a great summer this is turning into here in the Republic of Texas, God, I do love this heat we should be at 104 today, so I am sure you are the same just down the road.

Well, why would VTSS go up given their 1. Current management team, 2. Past track record, and 3. Their legacy chips that no one wants or needs much of thses days. There in lies the problem with VTSS. With respect to our lovely leaders in DC, well . . . the picture is about the same; they are ALL scum and I have not voted EVER and very proud of that fact.

Posted by G - 15 years ago

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AMCC

AMCC reported last thursday after the market close. The closing price was $8.02. The price this morning is $6.00. that should tell you all you need to know. that is down 25%.
Gross margins are down. Book to bill is below well below 1 and management will be reducing operating expenses by $7 million over the next 15 months (telling us they don't think it will get better for a good long while).
Blame is on inventory corrections by their customers.

This all with "record levels of design wins". Design wins are "extremely strong."

From the Q&A session:

Pertaining to China: all of the OEMs have reduced their growth projections. 3 months ago they expected growth to be much higher than what they are now talking.

"We are seeing a 'capital expenditures pause' in china"

AMCC had gross margins of 63%+ and in response to the question "when do you get back to that?" the answer is we will get back to 61% but probably not higher.

all-in-all a very bad quarter for AMCC and not much encouragement that it will get much better in the next 6 months.

The CEO says he has never been more bullish on the product direction, the design activity and the future.

Maybe all these guys go to the same training session.

Posted by dlog - 15 years ago | Updated 15 years ago

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There you go dlog, if the turd AMCC posts those kind of numbers and gets crushed the way it did, what do you suppose happens when the mighty VTSS, the company with more design wins than Brigham Young and Joseph Smith had wives (combined), posts similar results?

Posted by G - 15 years ago

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We've officially touched $0.17 territory today. Remember that this is the price it closed at on December 19, 2008, the same day it hit it's all-time low of $0.09. Two and a half years. No progress.

Posted by LMS - 15 years ago

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LMS:

This is my problem. How long does a responsible Board of Directors put up with "no progress?"

One other thing. Last quarter VTSS ended the quarter with about $18 million in cash. VTSS HAS NO CREDIT LINE. That means there is no place to go for short term funding if in fact sales come up short and the company starts to burn cash. Not a pleasant thought. They recently used $8 million to pay down some long term debt. typically you wouldn't do that unless you had good confidence you were goig to be easily in the cash flow positive mode. We will see.

Posted by dlog - 15 years ago

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Good question, LMS . . . the answer lies in the key word to your question; that is, "responsible". VTSS has not had a responsible BOD since I can't remember when, and apparently they are very happy to leave things as they are for some reason we will be the last to know about.

Posted by G - 15 years ago

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