Lattice Semiconductor Q2 2009 Earnings Call Transcript

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2009-07-23 21:18:20.0

Tags: U.S., Revenue, China, Call Transcript, Earnings, Computing, Semiconductor, 3G, Operational Accounting, Cellular Phones, Consumer Electronics, Personal Technology, Finance, Seeking Alpha, Lattice Semiconductor Corp.

Question-and-Answer Session

Operator

(Operator Instructions). Your first question comes from the line of Richard Shannon with Northland Securities.

Richard Shannon - Northland Securities

Hi, Bruno and Michael, how are you?

Bruno Guilmart

We're good. How are you?

Richard Shannon - Northland Securities

I'm doing fine, thanks. I apologize if I've missed some of your commentary, I'm kind of switching between calls here, but I guess the first question I had was looking at your segmentation by markets, it looks your computer and consumer market did quite well sequentially. The telecom looks it did kind of a flat quarter. Kind of curious what was the driver of those two markets did -- it appeared to do pretty well sequentially?

Bruno Guilmart

So as I've explained we've got some pretty good momentum going especially in the U.S. on the computing side with in the several markets. So that's one element, why we've done well sequentially.

We've also done well in consumer as we saw higher demand from one of the consumer, customer we do have in the U.S. and as I've mentioned also, we've had a major win with a significant, so with a major I would say, flat panel manufacturer in Asia and that also owe towards more revenue in the second quarter that has contributed through the segment doing quite well.

The reason for communication being flat is basically communication continue to be I would say so-so in U.S. and Europe and in Asia, especially in China, we started to see the slowdown of the built-up that I have started earlier in the year for the 3G deployment.

So essentially, in terms of dollars if you wonder the kind of communication segments was flat although it decreased in revenue because -- I'm sorry, decreased in percentage because our revenue was well higher than that in Q1.

Richard Shannon - Northland Securities

Okay. And may be I'll ducktails comment into your guidance for the third quarter some of these key drivers here with the consumer computing in China specifically, how do you see those playing into your overall guidance of was it down 2 to plus 3 as I recall?

Bruno Guilmart

So to give you a little bit of color, as you know we do about our business insurance, so we do have full visibility on what's going to happen in the third quarter but I think that we'll continue to see some strengths in computing on consumer and communication will be I would say we'll see a deferring up of definitely what's the 3G deployment in China. So I can't comment more than that for the time being.

 

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