ORIONS Money Stocks

[matt24d]

From the SQNS call. I found this interesting.


In China, we had a notable success during the first quarter. As you recall from our previous announcement,we worked with two different OEM partners to gain a nice share of China Telecom’s first bid for single mode TDD-LTE home routers.

We were the only one non-Chinese chip vendor to be successful in the single-mode portion of the market. Overall quantities for this bid are small, a few tens of thousands of units, this positions us as an approved vendor so that regional processing units can buy devices using our chips. This is significant because we expect Asians to be responsible for the bulk of the buying going forward



In addition to the Kurio 7-inch tablet for kids, which was announced at CES in January and the second non-identified design that we announced in the fourth quarter last year, we have now a new design win for a device to be sold by a major retailer in the U.S. Thus, we have three active mobile computing designs wins all on track to launch by the end of the third quarter this year.


I wonder who this is with.



I also think this is very important to note. Their product revenue is getting very spread out with LTE. If you remember in Wimax they were like 70% concentrated on one customer being HTC.



We had two 10% customers in the quarter, Huawei with 34% share and GenTek with a 28% share


The French research tax credit for 2011, which we had hope to collect in the first quarter, we now expect to collect in Q2. And we continue to expect to collect the 2013 credit in the second half of 2014.



Looks like we have some cash coming to us from the 2011 french research tax credit and some cash from the 2013 research tax.



Per the CEO

we remained confident and we really are progressing well on our plan for revenue acceleration in the second half of the year as planned


Again I really feel as of today nothing has changed. They have been saying 3rd 4th Q of this year for a LTE ramp and they are saying the same thing as of today. Plus we landed a new Design win in the mobile computing arena that should will also add to revenue this year.