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Sirenza Microdevices Q3 2007 Earnings Call Transcript

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2007-10-24 18:33:08.0

Tags: Call Transcript, Morgan Keegan Co., Earnings, Corporate Governance, Cable, Financial Accounting, Cellular Phones, Business Operations, Corporate Law, Telecommunications, Personal Technology, Finance, Consumer Electronics, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions) Our first question comes from the line of Harsh Kumar with Morgan Keegan. Please go ahead.

Harsh Kumar - Morgan Keegan

Hi, guys. It's Harsh Kumar. A couple of quick questions, Bob, for you. I think your revenues were a little shy of street. Can you talk about what went on? And I've got one or two other follow-ups.

Bob Van Buskirk

Yes, as we talked about in Q2 when we had exceptionally strong revenue growth, it was across the board. And I would say the corollary to that this quarter is that we had a little softness, a little bit softer than we anticipated toward the close of the quarter.

And again it was across the board. If you recall we had a pretty substantial first half in mobile wireless, and particular in China, with the combination of some pretty robust growth in GSM plus the TD-SCDMA build-out, which we had predicted would be a first-half event.

Our cable business was well within our expectations for this quarter. In our other SBUs and in particular standard products we just had kind of a plateauing effect that took over toward the latter part of the quarter and caused us to come in essentially at the low end of the guidance.

Harsh Kumar - Morgan Keegan

Very well. And Bob, can you just quickly give us the merger update? Just give us the important timelines and the events that are left. I believe it's the 29th of October. Is there anything that's left to be done outside of just the reward? And maybe you can just talk about that for a second.

Bob Van Buskirk

We have our respective shareholder meetings where we would, of course, count and certify the votes this coming Monday, the 29th of October. Ours is in the morning, Mountain Time, and I believe RFMD's is in the afternoon, Eastern Time.

Assuming that goes as planned, then the only thing left to close the deal would be typical regulatory and legal actions that have to occur to close off something like this. So we're still predicting that it will be shortly after the 29th of October, again assuming that the vote comes in, in the right direction.

Harsh Kumar - Morgan Keegan

Got it. So that's the only -- seems to be that's the only big thing that's left to finish.

Bob Van Buskirk

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