News Focus
News Focus
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fortuna

10/24/13 2:21 PM

#280652 RE: lukin4winners #280649

SQNS- I know this one can handle a little differently (wild swings, moves on air) then most stocks but from a charting and technical standpoint, I think SQNS might test the 200 ma. If it doesn't then I'll be happy because I have been scooping up shares and I would love to see it bounce and go higher from here. If it keeps dropping then my next add will be at $1.85.




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matt24d

10/24/13 2:22 PM

#280653 RE: lukin4winners #280649

Here are some SQNS Q highlights. This still looks on track for a big year next year. I am holding my shares.


Our product revenues continue to increase as expected and we actually shipped some modules at the end of September ahead of our initial expectation of Q4 to begin shipments.



First, we are very happy to report that we have secured an important new design win targeting the US market. Our LTE chip has been chosen for a new data device with the potential of more than 1 million units per year which is scheduled to be launched in the second half of next year.



Second, we are in a very advanced discussion on multiple design-in opportunities for tablet, notebook, machine-to-machine, and specialized consumer devices. As indicated previously, we have been working closely with a number of OEMs and ODMs for a while. We have been making excellent progress and several of them already indicated that they are committed to our solution.


Currently we are engaged with about a dozen different OEMs for various machine-to-machine and specialized consumer electronics device opportunities. This is in addition to traditional data device opportunities such as home and portable routers. As we highlighted at the beginning of the call we expect to begin shipping for a new design win by mid-2014 and we believe this device could ramp to quantities in excess of 1 million units on an annual basis.




Japan and South Korea are the other major markets where LTE has been deployed broadly enough to support 4G-only devices. Looking first at Japan, in Q1 we announced a highly-competitive design win to supply our WiMAX chips for a triple mode 4G device in Japan. The customer here is Huawei, one of our traditionally strong OEM relationships, and we began shipping for this design win in Q3 as expected. And we continue to expect volumes to increase in Q4 and 2014.





Also we continued to make progress in our relationship with SoftBank, leveraging our interference cancellation technology which performed extremely well in the field test during Q2. Now we are preparing for data device trials to happen this quarter. If these trials go well it could lead to meaningful revenue in 2014. Meanwhile our design win with HiveMotion for an M2M device in Korea is on schedule and progressing through the carrier qualification phase. We continue to expect shipments to run during 2014.





In regulatory developments, both China Unicom and China Telecom are being awarded FDD-LTE spectrum and it seems that both carriers will support the national TD-LTE strategy and will have access to the TD-LTE spectrum. This expands the market in China beyond China Mobile and opens for us new opportunities to advance. We have recently seen China Telecom asking for single-mode devices. We have engaged with them through our local OEM partners and we expect to enter their lab this quarter for testing and qualification




Finally the last segment of emerging operators outside India are moving forward and we are shipping to this market. We continue booking additional orders for both our single-mode LTE solution and our unique dual-mode WiMAX LTE solution. Our OEM partners are supplying data devices based on these solutions to carriers in Brazil, Europe, and the Middle East. We expect volumes to continue to grow next year and we see additional opportunities with carriers in Russia, Africa, and Latin America. In addition to the LTE business we expect to continue to ship small quantities of WiMAX chips to a few emerging operators via our traditional OEM partners.





We shipped about 300,000 units during the quarter compared to about 180,000 in Q2.



We had three over-10% customers in the quarter with shares ranging from 28% to 37%.