Silicon Storage Technology Inc. Q3 2009 Earnings Call Transcript

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2009-10-27 18:13:21.0

Tags: Gentleman, Growth, Call Transcript, Cell Phone, Earnings, Cellular Phones, Consumer Electronics, Personal Technology, Seeking Alpha, Silicon Storage Technology

Question-and-Answer Session

Operator

[Operator Instructions]. Our first question will come from the line of William Myers with Miller Asset Management. Please go ahead.

William Myers - Miller Asset Management

In terms of growth, your networking segment has done better than your wireless communications segment. I'd just be curious as to if you could explain that a little bit, and as also if that trend you would be thinking, it would continue into 2010.

Bing Yeh

The segments growth is mainly because the growth - actually, we have a strong growth in the Bluetooth and GPS. But that was offset by the decrease of shipment to the cell phone market. So as a result of that, it shows a small increase. Moving forward we believe that it would recover some from mobile phones shipments. So, as a result we will gain more increase in the coming quarters.

William Myers - Miller Asset Management

The other question I would have the specifics would be is; you said you were going to expect to increase inventories. Do you have any - even approximate number you would put on what you might think would be necessary?

Bing Yeh

We are going to ramp a little bit, not a lot, in terms of wafer side. In order to meet in case there is a surge in demand. So, in case that demand doesn't exist and then essentially our inventories are now going to grow more than 10%. So, it's under our control.

Operator

[Operator Instructions]. And gentlemen allowing a few moments for anyone to queue up, we have no questions in queue.

Bing Yeh

Thank you for participating in this conference call. We will be presenting at the Needham Growth Stock Conference in January and look forward to seeing many of you there. As always, feel free to call Leslie Green in investor relations, Jim Boyd or me directly if you would like to arrange a call or meeting. We thank you for your continued interest in SST.

Operator

Again, ladies and gentlemen, that does conclude our conference for today. As you heard earlier it was recorded and it will be available for replay starting at 3:30 pm Pacific today through November 3, 2009. You may dial in to the replay system at 1800-475-6701 and enter the access code 119429. International participants may dial area code 320-365-3844 and enter the same access code number. Those numbers again 1800-475-6701, International is 320-365-3844 with the access code 119429. I'd like to thank you for using AT&T executive teleconference. You may now disconnect.

 

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