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VTSS Investor Forum

Mobile payments

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http://www.marketwatch.com/story/wal-mart-believes-mobile-payments-are-the-future-for-its-shoppers-2015-03-04

Mobile payments are coming. Hopefully VTSS chips will be in-play here.

Posted by Pac5705 - 5 years ago

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21

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Great find PAC5! but yes the big question, who is Vitesse working with?? the retail pack, Walmart, Target, Wholefoods etc or Could our association with APPLE involve this project??

We know Cisco(with some Vitesse inside) is in this business but once again could we be directly involved with Apple??? such announcement in the future could jolt this stock into the stratosphere!!!

Posted by GARIF - 5 years ago

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Oh another possible customer I forgot to mention!

" Samsung Galaxy S6, Samsung Pay

The Apple rival ditched its plastic casings with the latest-generation Galaxy, and adopted a sleeker glass and metal fitting. The phone, which will come equipped with technologies to run Samsung’s new payment platform, Samsung Pay, will go on sale on April 10. Among the phone’s other noteworthy features are an updated fingerprint sensor that no longer requires the swiping motion and an infrared heart-rate monitor."

Posted by GARIF - 5 years ago

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The chip universe is so vast- this sounds like CRG stating all the opportunities that are in the IoT world, but not many seem to apply to VTSS. I think it is wishful thinking that VTSS will be a player in this world. They missed the iphone and so many other non-Ethernet tech advances.

Posted by Techinvestor - 5 years ago

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http://iot.freescale.com/demos

and pages 8 to 12 of the presentation below

http://files.shareholder.com/downloads/ABEA-4EMVKT/3872656266x0x812335/83C20F98-1ADF-4054-B5DF-84CB27FFF124/VTSS-Overview_SHM_Feb2015_FINAL.pdf

really show a great many irons in the fire.

Posted by phobos - 5 years ago | Updated 5 years ago

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Tech, are you Ventana? I have long wondered what happened to that guy.

"They missed the iphone and so many other non-Ethernet tech advances."
Isn't the future about tech advances?? where they are spreading their wings...

" but not many seem to apply to VTSS."
I do not understand, please explain??
Thanks,

12
12
?
Transportation Surveillance &
Control
Systems
?
Petroleum/Natural Gas Pipe Surveillance
?
Mobile Access in Oil Well Pump Trucks
?
Cloud Access for
Smart Schools
?
Ship Engine Monitoring Systems
?
Redundant
Solution for Wind Power
?
Payment Card Industry (PCI) Ethernet Switch
?
Programmable Controllers
for
Factory Automation
?
Plant
Manufacturing Process
Automation
?
Transformer Substation
Communications
?
Commercial
LED Lighting
Controllers
?
Broadcast Video Routers

Posted by GARIF - 5 years ago

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No, I'm not Ventana. I admire your enthusiasm and faith in VTSS GARIF, but I also know that we've all heard this before, how the sector we are in has so much promise. I also think the potential for VTSS is huge & would have more faith if we had new management with a clean track record.

The interest of Billy Martin and Rima Senvest is very encouraging.

Posted by Techinvestor - 5 years ago

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"this sounds like CRG stating all the opportunities that are in the IoT world"

This has long been Gardners pattern. He quotes market size and opportunities that VTSS as no chance of ever securing and in fact doesn't even intend to pursue. When he starts this I can just see the VTSS engineers rolling their eyes. Gardner has no credibility AT ALL. We have had what, 8 years, of this tripe. I would have to go back to my now ancient notes to get the exact count of how many "new markets" Gardner has identified as attractive. The sum total of all of them has not created enough revenue to keep VTSS from its plodding path to irrelevance. I don't even listen to him anymore. I just look at the numbers, they tell me all I need to know.

Do any of you know of another CEO who has failed so demonstrably and still has his job?



I

Posted by dlog - 5 years ago

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If you want to make a play in the mobile payments market, you should be looking at NXP. If you want to make a play in the IoT market, you should be looking at Freescale.

Oh, guess who are merging?

VTSS's revenues in mobile payments and IoT wouldn't buy the coffee for the engineers at NXPI and FSL.

Posted by HappyGoLucky - 5 years ago

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Finally we have a few people that are looking at reality and the facts and are not listening to the CRG pie in the sky forecasts.

Posted by Techinvestor - 5 years ago

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Happy, would you believe Freescale recently licensed Vitesse technology to help them in many areas including IoT.
Who knows the new combo just might incorporate our products into their Mobil payment...

" Vitesse lends Freescale a hand" said one headliner,
Hey! perhaps Freescale treated Vitesse engineers to some good Latte when the Vitesse crew was showing them the in and outs of the technology.

Tech/Dlog, thanks for responding and believe me I feel your pains! It's truly high noon for our captain of industry, but this IoT seems to have fallen on our laps! I hope the strategy of simplifying it proves to be a genius move.

Posted by GARIF - 5 years ago

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Garif,

With all due respect, I really don't think you know what the Vitesse products actually do. I am well aware of the ethernet switch IP that Vitesse licensed to Freescale. Did you happen to look at the VTSS quarterly report last month? IP revenue was less than $1 million. How much do you think FSL is paying VTSS to "show them the in and outs of the technology"?

IoT did not fall into anyone's laps. Rather, there are a few companies making real products (with real product revenues), and a few other companies producing press releases and selling "design wins".

Even if VTSS had a product that could produce real income (which I don't see), they have cut staff so much that they wouldn't be able to support it. Now that their legacy revenue is drying up after pushing all the last-time buys, their "new product revenue" needs to support the company. I don't see how $2.2M of IoT revenue last quarter will keep the engineers employed very long.

Posted by HappyGoLucky - 5 years ago

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I think we forget sometimes how small & insignificant VTSS as a company is. I noticed Build-A-Bear did $ 130 mil revs in 4th Qtr 2014 (Over 5 times VTSS revs.). Maybe Gardner should look into selling stuffed animals to increase revs. & diversify!

Posted by Techinvestor - 5 years ago

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Vitesse Semiconductor Corporation - Annual Report - Investors
As of November 15, 2010, the Company had 467 employees, including 219 in
R&D, with the balance of employees, listed in population size order, in operations
, ...
Vitesse Drives Innovation for Evolving Service Provider and ...
Feb 8, 2010 ... Vitesse expanded its research and development staff by 15 percent in ... points
and equipment sizes for both Carrier and Enterprise networks.
http://investor.vitesse.com/releasedetail.cfm?releaseid=616933

Vitesse Semiconductor Corporation - Amended Annual Report
As of October 31, 2012, we had 336 employees worldwide, including 174 in R&D
, with the balance of employees, listed in population size order, in operations, ...
http://investor.vitesse.com/secfiling.cfm?filingid=880446-13-21&cik=880446

Vitesse Semiconductor Corporation - Annual Report - Investors
Dec 4, 2014 ... As of September 30, 2014 , we had 356 employees worldwide, including 195 in
R&D. The balance of employees are listed in population size ...
http://investor.vitesse.com/secfiling.cfm?filingid=880446-14-44&cik=

And finally, we delivered on our
commitment to increase our
financial leverage. Through the extraordinary efforts
of our employe
es, we reduced operating expenses by 27 percent compared to 2011
and maintained overall gross margins. Despite a very weak market and reduced
revenue consistent with that environment, we achieved our goal to return to
operating profitability in the year."

Vitesse is using resources to the fullest, she has teamed with companies RubYtech and others to help bring products to market, shutdown some facilities,,,

"In addition to product revenue, we license our intellectual property to a growing
number of customers. IP revenue was 1.4 million in the quarter compared to 4.6
million in Q3.
Overall in 2012, our IP revenue was up 16 percent from fiscal
2011. IP revenue is becoming a more material and consistent part of our business.
In the quarter, we signed an IP license with a top 20 semiconductor manufacturer.
Our deal pipeline remains str
ong, with a growing number of licensing
opportunities. We’re currently addressing new opportunities for both our
Gigabit
Ethernet
PHY
and Gigabit Ethernet
Switch Core within consumer, industrial,
machine
-
to
-
machine and automotive applications that are look
ing to adopt
Ethernet technology. While most of our revenue in IP is still license fee
-
based, we
expect that royalties will become a contributing factor starting in 2014 and grow
to be a material portion of our IP revenue as our customers move their produc
ts
into production. We expect that royalty str
eam from licenses should have a
lifetime of five to seven years or longer. We’re continuing to guide that IP revenue
will be about 7 to 10 percent of our revenues on an annualized basis as we move
into 2013."

from Q 2 2014,
"With the confidence and visibility that we now have in new product revenue
growth, we’ve expanded our engineering and sales teams to support a growing
business
. Our rec
ent investments have enabled us to strengthen our position in
core markets and address new opportunities in growing adjacent segments. We
believe we have the right team and infrastructure in place to support a much
bigger business now with very high operat
ing leverage, since the new product
revenue growth will flow substantially to the bottom line."

Keep in mind,
" I’ll remind you that we modeled(?) that design take from 12 to 36 months to get into production."

IoT fell on our laps as the company simply tweaks products to address that market,
"Our leadership in 1588 timing gives us a key advantage
in the time deterministic requirements that are needed in many of these IoT applications."
"This is exactly why we developed our Intellisec technology, industry's only 256-bit encryption,"


I know very little if any about Switches/routers,,, I don't even own a cell phone! but none of the above is needed to recognize opportunities/possibilities. I have commented in the past how our relationship with MERAKI was one of our best ever, because after Cisco swallowed the company it opened the door for greater business opportunities for Vitesse; this Freescale association is about to become our second Meraki.

Posted by GARIF - 5 years ago

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GARIF, VTSS has a wonderful turn-around story, but it's not the only story.

VTSS also has a history of low performance and the failure to meet expectations, and if they are to overcome that, they will have to prove the market wrong. What we are seeing here is a slow bleed at low volume because most investors know that this is dead money until Q315 (beginning of August), when H215 growth is supposed to kick-in.

Analysts are in agreement that the year will look something like Q1 $24.8M, Q2 $24.8M (est.), Q3 $27.5M (est.), and Q4 $30.2M (est.) with a total just north of $107M (est.), but with very encouraging projected growth in H2 (+16% vs. H1). VTSS will need some growth given the decline in Q1 revenues and the stagnation we have been promised for Q2.

Woe is the VTSS share price if there is more "softness in China" in Q3. A disappointing Q3 would mean steep share price declines at high volume IMHO. CRG promised shareholders a strong second half: the die is cast.

Q3 is make or break time.

Posted by phobos - 5 years ago

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Given Gardners ability to sell a story and his demonstrated inability to ever make it happen I think Ragin Billy would support VTSS being acquired at $5 in a heartbeat. But we have been down this path and VTSS could find no buyers. (Now is a different time however and maybe there are others out there who might believe the new story line from VTSS.)

Ragin is now on day 196 as a BOD member. Stock up 25% during that time - NASDAQ up 6.6%.

Posted by dlog - 5 years ago

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That's an excellent point dlog. BM is here to make money, and the dog ate my homework is no longer going to cut it.

I think, early on, a year or two after the debacle, there was an offer from AMCC, but the comment was that the offer was "not serious" (if I'm remembering that correctly). Of course VTSS didn't say one more word on the subject, since the shareholders' meetings were suspended at that point. Given the price at the time, it would have been a multiple of $5 (let's not even discuss the time-value of money). So it's not about maximizing the value for the shareholders, but about maximizing the value for the shareholders who are also insiders, or those insiders who would like to become shareholders.

...but this is a sunk cost at this point. Welcome to Wall Street!

By the next Earnings date (early May), VTSS should have a pretty good bead on Q3 and be able to provide guidance. It may be time for many to move on if that guidance is not consistent with a "strong second half".

Posted by phobos - 5 years ago | Updated 5 years ago

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Sorry Phobos! but Dlog continues to read this outfit year after year! DAMN I wish he was wrong but perhaps someday soon Crg will make this happen, PERHAPS,,,.

Now that 2015 is a wash lets gaze into 2016 and,,,
According to our leader of industry, Storage should bring us $200 million by 2020 but could he be under-calling his hand to keep competitors at bay?

Vitesse having licensed Kinetics has made serious enhancements to it, in my observation making it a better solution then its main competitor from Western Digital.

"This latest global enterprise storage market report emphasizes the highly competitive nature of the market, which is expected to increase R&D efforts to develop innovative new storage solutions. Vendors have started introducing efficient, reliable and high-availability storage systems with additional features and functionalities, in order to attract customers."

The big customer who's using our Storage approach has to be Dell, who alone stands to move our needle nicely; but as Cisco, HP, Fujitsu, Brocade, IBM, and perhaps EMC coming back home, start moving our Storage solutions- Vitesse could see $300-400 million plus from this product alone.

Time to do like Bears with this outfit again! she's dead money till next year but CRG might make some announcements that help keep shares afloat until next year.

sleep well all, pleasant dreams.... lol

Useless,

Posted by GARIF - 30 days ag

Phobos, as you can see I made peace with this year a month ago. Absolutely the company has a checkered past but we are still here because of the possibilities of/for tomorrow.
IoT turnkey is a grand example as the idea of simplifying solutions has model T like potential.

In reading about the Freescale deal I recall Vitesse basically saying, if you wish the ultimate solution we can provide Intellisec/VeriT, for an additional $$ understanding; mixed with the larger Freescale, this is a potentially huge deal.

http://investor.vitesse.com/releasedetail.cfm?releaseid=848672

In facing the fight of its life, Cisco mentions Security as part of its Custer stance! true! the company has purchased a few Security companies recently but I still believe Vitesse is part of this defensive wall.

"Cisco CEO John Chambers says Cisco is going to "crush" the kind of thing that Facebook is doing, because Cisco offers more than just network switches. It offers its customers a whole suite of stuff with their networks, such as computer security. It also makes some of the most reliable, best performing hardware on the market."

Exciting times, exciting possibilities, I trust the Big holders realize this.

Posted by GARIF - 5 years ago

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"but about maximizing the value for the shareholders who are also insiders, or those insiders who would like to become shareholders. "

Staring from our cave days, we've been about "insider values"
Our mind sets have changed very little, we Build(GE) Nuclear power plants to the benefits of insiders(Japan investors, GE has other customers including here) cutting corners on safety.

Well friends! we are all paying the price for "maximizing the value for shareholders who are also insiders,"
I know, i know Chris and others, I am drifting as always from Vitesse topics, I apologize never for talking about LIFE issues; no issue is more important than the viability of life, which today hangs in the balance.

I understand 5 million bucks could have prevented the fukushima situation. Enjoy Sushi, fish, and all food products derived from the whole Pacific ocean and tributaries! don't say I did not warn you!!!

Useless,

Posted by GARIF - 5 years ago

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Is this the reason for the price plunge?

http://finance.yahoo.com/news/fed-cold-world-192200060.html

"So this truly is a low inflation world. A big reason why: There is too much capacity relative to demand. Many companies appear to have been geared up for rapid Chinese growth only to be caught wrong-footed as that economy slowed (is more "softness in China" in VTSS' future? -- ed.). Growth in China itself has relied heavily on fixed-asset investment, adding to global capacity. Meanwhile, Europe’s ability to cut unneeded capacity—witness its auto industry—has been limited, in part by political considerations."

I hope the "softness in China" is not turning into CRG's version of "channel stuffing". If results are still poor by Q3, I'm out. In fact, if guidance for Q3 given at the Q2 earnings call is poor (downgraded yet again), I'm out.

It must have been a very uncomfortable "dog and Pony show" yesterday knowing the share price was plunging.

Posted by phobos - 5 years ago | Updated 5 years ago

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Looks like Crg will continue to cry "oh China" for more quarters to come.
The cards were dealt to us Q1 Phobos, this puppy is a 2016 event.

Posted by GARIF - 5 years ago

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Q315. VTSS does not dictate what happens with my money.

Because we may hear '17 or '18 with a subsequent share offering in between. No mas. It's time.

Posted by phobos - 5 years ago | Updated 5 years ago

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