Triquint Semiconductor Inc fka TQNT

[FACT-MASTER]

o.k., this is how i read this:

"The company believes fourth quarter 2013 revenue will be between $260 million and $270 million. Fourth quarter revenue is currently 88% booked to the midpoint of this guidance. Non-GAAP gross margin is expected to be between 35% and 36%. Fourth quarter non-GAAP net income is expected to be between $0.12 and $0.14 per diluted share."

I took the mid-point of the guidance to be 130-135 million, and 88% of the midpoint would only be around 115 million that is actually booked. We still have 2 months to go for the fourth quarter but the wording suggests that some assumptions could be,.. or could not be. The other thing is the 4th quarter is usually not a seperate q but included in the annuals. All in all, imo i thought they would have had a larger percentage revenue already booked.

I was thinking that it may be a good time to get more shares , but will wait until tomorrow to see if we see another plunge. I like what Triquint is doing though.