Avago Technologies Ltd Earnings Call Insights: Wireless Side and Seasonality Mark Lawson More Articles 28 August 2013 recently reported results in the third quarter and discussed the following topics at its call for earnings.
James Schneider Goldman Sachs: I was wondering if you could just continue for a moment on the Wireless side. Can you talk about the patterns your second-largest smartphone customer is seeing right now, and whether the well-publicized inventory adjustment that that customer is effectively behind you at this point? And then linked to that looking forward to the mobile releases you’ve planned in the next quarter around your customer. Will you talk about any patterns that you see about more distinct FBAR sales for you guys versus PADs? CLICK HERE NOW for your Cheat Sheets Weekly Collection! Hock E. Tan Chairman and CEO: Well many questions here. Let me try to evaluate this, and go one by one. Let’s think about short-term Q4 market trends in particular with the rest of the year. While we see is different from our two biggest OEM smartphone customers in the high-end telephone range, we see a few other (ultraphone) OEMs launching new telephone programs. You have seen that we see Nexus coming out particularly on Optimus and we see a couple of other Lumias coming out later in the year around that. But certainly the two biggest high-end phone makers are making the news and we see both programs definitely starting this particular quarter from “in the second half of this particular quarter and right now as we understand it inventory is leasing out our problems in that regard of excess inventory. We are ramping up very strongly to try to meet the demand. Just to meet the demand of those many smartphone OEMs that we have to help at this point, very strongly and very urgently. That’s pretty much what I’d limit my conversation to saying it’s “a lot of the backlog’s in place of the bookings. And what we’re trying to do is really an interesting challenge to our supply chain (to achieve all of that) but we’re going to get there. Then as far as the second part of your questions about mixing in a short time “there are quite a few satellites and discrete FBARs satellite PAs and discrete FBARs happening. Clearly we do see quite a bit of head architectures from our viewpoint that are happening as well. And clearly it differs from OEM to OEM and the best way to respond is to see both of us as we see them right now. Clearly growing FBAR architecture comes from increased LTE bands that are now placed into many of these high-end smartphones that needed to be supported and many of them are “not some of them” not supported as PAs but rather discreetly supported. So in these next six months we see quite a large combination of both. I think the best way to explain it should be. James Schneider Goldman Sachs: Then for the manufacturing sector to follow up. Apparently your performance lagged a lot of your peers for a while, but now they’ve caught up and (then some) it looks like that. So maybe you should talk about the channel behaviour, or the distributors directly what you see from them is that their inventories got too small and they had to replenish more or they just felt better about the overall demand? So feel you’re shipping more or less in line with any consumption at this point? CLICK HERE NOW for your Cheat Sheets Weekly Order!
Seasonality
Ross Seymore Deutsche Bank: Start from the Wireless side again with the first part of the question looking a little backwards and then the second part looking ahead. Can you just talk about what you saw happening in the quarter of July as that was about 3 percent growth was about 5 points lower than you expected. And if we look forward only to an understanding of how you perceive seasonality in your Wireless company beyond the October quarter? Ross Seymore Deutsche Bank: As my follow-up, I suppose. On the Wired side of things if you take the CyOptics out of it for answering this part of the question it seems like you grew about 17% 18% organically quarter-over-quarter in July and you ‘re implying guidance of 4% or 5% in the October quarter can you just talk through what drove the big upside and then why the slow down a little bit from a sequential perspective is it inventory did you fill the channel or whatever the case maybe? CLICK HERE NOW for your Cheat Sheets Weekly Order! Hock E. Tan President and CEO: By the way, most of our Wired Infrastructure business does not go through distribution except for CyOptics. Most of it goes directly to big OEM clients, and on Cisco’s lights, among others, as well as Juniper and several others. Although I think we’ve seen pretty decent growth in Q3, ‘ in fact really good growth in Q3, particularly on the ASIC side, we’re probably expecting to see a bit of a break as normal and we’re going through that. Having said that we continue to see a lot of strengths on the fiber side particularly now with the call return routing this particular Q4 portion. So yeah when we weigh these two factors together that’s essentially relative slowdown for ASIC after a very strong Q3 but it’s continuing strength in fiber and that’s not slowed down from Q3 in our opinion. We probably do not expect the 18% sequential growth in Q3 to be able to sustain in Q4 but it has nothing to do with any fundamental trends in the end market. The fundamental trend is then to data center spending is continues to sustain and be strong and the conversion in this data center spending the roll out of data centers not just in America in China as well is driving a lot of demand for 40G optical transceivers as well as the switches and routing switches especially data center switches that (goes to repeat) that would drive our ASIC business. So that’s still there and that’s the unchanged pattern from Q3 to Q4 and what’s being put into the Q4 now makes this call routing. But offsetting that’s what we’re doing “offsetting that as we don’t expect ASIC to allow shipments in Q4 to be as high as in Q3. Avago Technologies Ltd Earnings>>Megan Elliott December 05 2018 The most popular fast-food restaurants can hardly find healthy options. These meals have a lower fat and calories content and provide more nutrients such as protein. On page 10, one surprising McDonald’s combo is just 430 calories.
1. Burger King: Whopper Jr.
8/8.186 A Burger King restaurant Justin Sullivan / Getty Images Calories: 310 calories Protein: 13 grams Evitate Burger King’s Double Whopper with 930 calories of cheese. Nevertheless, the Whopper Jr . toped with lettuce and pickles mayo ketchup tomatoes onions has 310 calories 18 grams of fat and 13 grams of protein. It has only a relatively small amount of 390 milligrams of sodium for a quick-food burger. Avoid the mayo, and reduce the calories and fat even more. Pair it with a 60 calorie Garden Side Salad before applying a dressing such as the Lite Balsamic Vinaigrette. 2.
Chipotle: Burrito Bowl
8/8/187 8/8/187 The Chipotle menu Chris Hondros / Getty Images Protein: 43 grams Chipotle diners enjoy big burritos but the burrito bowl is as delicious as it is. Skip the tortilla and save 300 calories. Instead, make a 405-calorie Burrito Bowl with fajita vegetables roasted chili-corn salsa and lettuce from chicken black beans. The combination provides 43 grams of dietary fiber 17.5 grams of protein and roughly half of your daily vitamin A and C. Next: The beef here for less calories.
3. Wendy’s: The Jr. Cheeseburger Next: Can pizza be safe indeed?
4. Domino s Pizza: 12-inch veggie pizza
8/8.189 Calories: 280 calories Protein: 11 grams For vegetarian pizza lovers Domino s helpfully highlights on its website a range of lighter choices. Two slices of a 12-inch thin-crust veggie pizza with olive tomatoes and light cheese spinach mushrooms have 280 calories 5 grams of saturated fat and 610 milligrams of sodium. Next: You don’t need to order a salad here.
8/8/190 8/8/190 A Panera Bread storefront in Chicago Scott Olson / Getty Images Calories: 500 calories Protein: 24 grams Next:
‘ Eat more food ‘ and be still safe. 6.
Chick-fil-A: Grilled Chicken Cool Wrap
8/8.191 Calories: 350 calories Protein: 37 grams You must steer clear of the signature fried chicken sandwiches and eat more healthily at Chick-fil-A. Instead, consider the Grilled Chicken Cool Wrap, which is low-calorie high-protein and has 60 percent of your vitamin A daily value and 35 percent of your vitamin C and calcium daily value. Next: You can tolerate the donuts and eat healthy here.
Doesn’t it?Next: How to eat something new
8. Subway: the 6-inch Veggie Delite
8/8.193 Calories: 230 calories Protein: 9 grams Road-trippers for a healthy meal switch to Subway. But it’s not all safe on sandwich chain s menu. The healthy 6-inch Veggie Delite sub (with pepper cucumbers and mustard lettuce tomatoes on wheat bread) has 5 grams of fiber and is relatively low in fat and sodium. Add spinach and get 20 per cent of your daily vitamin A as well. The Sweet Onion Chicken Teriyaki on wheat has 370 calories 4 grams of fat 25 grams of protein and 5 grams of fibre, if you want a more healthy meal. Next: Eat the healthy menu item before you go to the “Hut.” 9. Pizza Hut: the Complete /n Nice 12-inch Pizza
8/8/194 8/8/194 Pizza Hut Ye Aung Thu / AFP / Getty Images Calories: 150 calories (per slice) The guidelines for balanced ordering at Pizza Hut: pick a smaller pie with thin crust and avoid the meat. Delicious 12-inch pizzas such as the Green Pepper Red Onion and Diced Red Tomato have 150 calories 4 grams of fat and 6 grams of protein per slice. It is also one of the lowest sodium options with 400 milligrams per slice on the Pizza Hut menu. Next: American’s most famous fast-food restaurant has a 430-calorie combo-meal. 10.
McDonald’s: Happy Meal
8/8.195 A McDonald’s worker gives his order to a customer. Justin Sullivan / Getty Images Calories: 430 calories Protein: 20 grams Call your child and order a Happy Meal with six-piece Chicken McNuggets slices of low-fat milk and orange mandarin. The entire meal has 430 calories, 20 grams of protein and plenty of vitamin C and calcium. The standard cheeseburger McDonald’s has 300 calories 15 grams of protein and 5 grams of fat for an adult meal. To get extra vegetables, pair it with a low calorie side salad. Or order the Southwest Grilled Chicken Salad which contains 350 calories 37 grams of protein and 12 grams of fat (before dressing) as well as plenty of vitamins A and C. Many of the tacos and burritos in the chain have less than 400 calories each. But if you eat a half-dozen Doritos Locos Tacos Cool Ranch you’ve eaten more than 1000 calories. The chicken Fresco Burrito Supreme has 340 calories and just 8 grams of fat together with 6 grams of fiber and 20 per cent of your daily iron. 12.
Drive-In Sonic: The Jr. Burger
8/8/197 Calories: 330 calories Protein: 15 grams Sonic Drive-In does not appear to be safe with a large menu of hot dogs shakes and burgers. The Grilled Chicken Wrap chain packs 1720 milligrams of sodium into a wrap of 430 calories. The Jrs. In comparison, Burger has 330 calories and 480 milligrams of sodium, which is relatively modest (by fast food standards). Additionally, the sandwich contains 15 per cent of your recommended iron intake. But be warned: There are also 17 grams of fat in it.
8/8/198 8/8/198 At Starbucks, customers put their orders. Drew Angerer / Getty Images Calories: 220 calories Protein: 16 grams The Hearty Veggie and Brown Rice Salad Bowl are available for lunch at Starbucks. A mixture of butternut squash beets kale broccoli peas tomatoes and rice eaten with tahini dressing it has 430 calories 8 grams of fiber 10 grams of protein and more than 100 per cent of your daily vitamins A and C. 14.
Carl’s Jr./Hardee s: Charbroiled BBQ Chicken Sandwich
8/8/1999 Calories: 390 calories Protein: 26 grams Carl’s Jr. and Hardee’s are renowned for over – the-top offerings such as Guacamole Bacon Thickburger, a 1230-calorie half-pound. But there are just 390 calories in the shockingly lean Charbroiled BBQ Chicken Sandwich and low in saturated fat. (A little less than half of the FDA’s recommended daily limit of 2300 milligrams for adults is 990 milligrams of sodium.)
15. KFC: Bone-in grilled chicken breast, with sweet cornNext: How to eat something new
8. Subway: the 6-inch Veggie Delite
8/8.193 Calories: 230 calories Protein: 9 grams Road-trippers for a healthy meal switch to Subway. But it’s not all safe on sandwich chain s menu. The healthy 6-inch Veggie Delite sub (with pepper cucumbers and mustard lettuce tomatoes on wheat bread) has 5 grams of fiber and is relatively low in fat and sodium. Add spinach and get 20 per cent of your daily vitamin A as well. The Sweet Onion Chicken Teriyaki on wheat has 370 calories 4 grams of fat 25 grams of protein and 5 grams of fibre, if you want a more healthy meal. Next: Eat the healthy menu item before you go to the “Hut.” 9. Pizza Hut: the Complete /n Nice 12-inch Pizza
8/8/194 8/8/194 Pizza Hut Ye Aung Thu / AFP / Getty Images Calories: 150 calories (per slice) The guidelines for balanced ordering at Pizza Hut: pick a smaller pie with thin crust and avoid the meat. Delicious 12-inch pizzas such as the Green Pepper Red Onion and Diced Red Tomato have 150 calories 4 grams of fat and 6 grams of protein per slice. It is also one of the lowest sodium options with 400 milligrams per slice on the Pizza Hut menu. Next: American’s most famous fast-food restaurant has a 430-calorie combo-meal. 10.
McDonald’s: Happy Meal
8/8.195 A McDonald’s worker gives his order to a customer. Justin Sullivan / Getty Images Calories: 430 calories Protein: 20 grams Call your child and order a Happy Meal with six-piece Chicken McNuggets slices of low-fat milk and orange mandarin. The entire meal has 430 calories, 20 grams of protein and plenty of vitamin C and calcium. The standard cheeseburger McDonald’s has 300 calories 15 grams of protein and 5 grams of fat for an adult meal. To get extra vegetables, pair it with a low calorie side salad. Or order the Southwest Grilled Chicken Salad which contains 350 calories 37 grams of protein and 12 grams of fat (before dressing) as well as plenty of vitamins A and C. Many of the tacos and burritos in the chain have less than 400 calories each. But if you eat a half-dozen Doritos Locos Tacos Cool Ranch you’ve eaten more than 1000 calories. The chicken Fresco Burrito Supreme has 340 calories and just 8 grams of fat together with 6 grams of fiber and 20 per cent of your daily iron. 12.
Drive-In Sonic: The Jr. Burger
8/8/197 Calories: 330 calories Protein: 15 grams Sonic Drive-In does not appear to be safe with a large menu of hot dogs shakes and burgers. The Grilled Chicken Wrap chain packs 1720 milligrams of sodium into a wrap of 430 calories. The Jrs. In comparison, Burger has 330 calories and 480 milligrams of sodium, which is relatively modest (by fast food standards). Additionally, the sandwich contains 15 per cent of your recommended iron intake. But be warned: There are also 17 grams of fat in it.
8/8/198 8/8/198 At Starbucks, customers put their orders. Drew Angerer / Getty Images Calories: 220 calories Protein: 16 grams The Hearty Veggie and Brown Rice Salad Bowl are available for lunch at Starbucks. A mixture of butternut squash beets kale broccoli peas tomatoes and rice eaten with tahini dressing it has 430 calories 8 grams of fiber 10 grams of protein and more than 100 per cent of your daily vitamins A and C. 14.
Carl’s Jr./Hardee s: Charbroiled BBQ Chicken Sandwich
8/8/1999 Calories: 390 calories Protein: 26 grams Carl’s Jr. and Hardee’s are renowned for over – the-top offerings such as Guacamole Bacon Thickburger, a 1230-calorie half-pound. But there are just 390 calories in the shockingly lean Charbroiled BBQ Chicken Sandwich and low in saturated fat. (A little less than half of the FDA’s recommended daily limit of 2300 milligrams for adults is 990 milligrams of sodium.)