ANADIGICS, Inc. Q3 2009 Earnings Call Transcript

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2009-10-27 18:05:42.0

Tags: ANADIGICS Inc., Broadband, Call Transcript, Strength, Earnings, Q4, Wireless LANs, Cable, Network Technology, Wi-Fi, Wireless And Mobility, Telecommunications, Personal Technology, Networking, Seeking Alpha

Question-and-Answer Session

Operator

Thank you. (Operator instructions) Your first question is from the line of Anthony Stoss with Craig-Hallum.

Anthony Stoss – Craig-Hallum

Hi, guys, good quarter, good guide. If you wouldn’t mind talking about what kind of visibility you may have going into Q1, Tom or Mario. Also, has anything changed in terms of your expectations on your quarterly revenue number for breakeven, you may want to update us on that? Also, would you expect the cable strength and the broadband strength continue into Q4?

Mario Rivas

Yes, let’s talk Q4. Yes, we think that the strength in the cable and WiFi side of the business will continue into Q4. And good try on the Q1 guidance, we will not give any. It’s very difficult to be precise in this particular case. And you also asked – what was the other question?

Anthony Stoss – Craig-Hallum

Breakeven.

Mario Rivas

Breakeven point, yes. Our target continues to be the low 40s to be breakeven on cash indeed.

Anthony Stoss – Craig-Hallum

Okay. I wasn’t looking for numerical guidance for Q1, just any thought – early glimpse of it looking better than seasonal and such. Also, if you wouldn’t mind, one of your competitors talked about order cuts recently at Samsung, love to hear. Have you seen something similar for Q4?

Mario Rivas

Are we seeing some inventory adjustment? The answer is yes, we have. And we are quite proud of our management team performance that in spite of that, we’re guiding up for the quarter. So – yes, we have, and we are still guiding up.

Anthony Stoss – Craig-Hallum

Okay, thanks.

Operator

Your next question is from the line of Aalok Shah with D.A. Davidson.

Colin Denman – D.A. Davidson

Hi, guys. This is Colin Denman for Aalok. I just had a question around the broadband strength you saw. It looks like that was principally driven by the WiFi business, and I was wondering if you could give us any type of granularity into what you’re seeing for the different segments and what the cable set-top box would look like next quarter. Some customers have noted that it’s been picking up a little bit. I was wondering if you had been seeing that as well.

Mario Rivas

Yes. I would say that your remark is not entirely accurate. We said we saw strength in the cable set-top box and the WiFi market, not just WiFi. And we foresee continued growth and strength in Q4 in both segments.

 

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