8 thoughts on “Roth Conference Webcast and Presentation Information”

1. Just wondering when our press release is coming since we are in the product!!

   Samsung Launches the GALAXY Tab 3 Lite Global Tablet Powered by Marvell
   Leveraging the success of the popular Samsung Galaxy Tab 3, the latest global tablet model features Marvell’s unified multi-core ARMADA Mobile platform providing high performance and low power for the worldwide mass market
   PR Newswire Marvell
   9 hours ago
   SANTA CLARA, Calif., March 11, 2014 /PRNewswire/ — Marvell (MRVL) a worldwide leader in integrated silicon solutions today announced that the Marvell® ARMADA® Mobile PXA986 is powering leading electronics manufacturer, Samsung’s second generation7-inch tablet, the Galaxy Tab 3 Lite. Leveraging the success of the popular Samsung Galaxy Tab 3, the Marvell Mobile PXA986 platform delivers high-performance computing with industry-leading graphics capabilities and best-in-class, robust connectivity at a competitive price point while supporting advanced multimedia capabilities. The Galaxy Tab 3 Lite is expected to be available in retail stores throughout the U.S., Europe and Asia by March of 2014.

   Marvell is a world leader in the development of storage, communications, and consumer silicon solutions.
   “The launch of the Samsung Galaxy Tab 3 Lite global tablet is an important milestone to bring affordable high performance mobile devices to the mass market and it’s a very meaningful effort. I am very proud of our joint collaboration with Samsung to provide access to communication and information to the global consumer base and make our contribution to education, healthcare, and other social causes,” said Weili Dai, President and Co-Founder of Marvell. “I am very thankful for Samsung and Marvell’s global teams of talented engineers for their hard work, collaboration, innovation and dedication to move the industry forward faster. I look forward to continuing our work with Samsung and helping to further today’s ‘Smart Life and Smart Lifestyle.'”

   As part of Marvell’s unified mobile 3G and LTE platform family, the ARMADA Mobile PXA986 is a mass market, single-chip solution that integrates a high-performance, low-power 1.2GHz dual-core ARM Cortex-A9 application processor with robust cellular modems to support advanced multimedia and graphics capabilities consumers demand for their mobile devices. The PXA986 features an advanced multimode HSPA+ modem supporting Wideband Code Division Multiple Access (WCDMA) and 2G networks, 21.1 Mbps downlink data-rate and 5.76 Mbps uplink data-rate, and critical features such as DSDS. For more information about the Marvell PXA986, please visit: http://www.marvell.com/communication-processors/pxa986/

   Samsung’s Galaxy 7-inch Tab 3 Lite uses Marvell’s PXA986 computing platform, including RF transceivers, Marvell’s advanced Avastar® 88W8777 connectivity solution (Wi Fi + Bluetooth + FM radio), L2000 GNSS Hybrid Location Processor, and integrated power management and audio codec solutions.

   Reply

   1. Hello Rick,

      Thanks for the question. We did announce the design win on the conference call (and I am sure you heard), but are not planning on a subsequent press release for this particular design win.

      Regards

      Paul

      Reply

2. Slide 12 (Roadmap) of Quik’s presentation posted March 10th doesn’t show any future development of the display and video enhancement product line moving forward. This is the product line that drove pretty much all new product revenue growth in 2013 and is still driving new product revenue growth through at least Q2 ’14, correct? Can anyone comment on this?

   Reply

   1. Hello Joseph,

      Thanks for reading, and for the question.

      As we’ve discussed in the past, QuickLogic believes that sensor hubs and smart connectivity represent the long term future of our company. Display bridges, while having provided steady revenue that has fueled growth over the last 3 quarters and will be our main revenue driver for the first half of 2014, are not a huge growth business. Smartphones are now almost 100% MIPI processor/display matched, meaning there is no sizable future opportunity for display bridging in the largest consumer market. Tablets, where the vast majority of our existing ArcticLink III VX and BX sales occur, still have opportunities for bridging, though that opportunity continues to shrink as processor and display interfaces converge. We have no plans to obsolete or change our sales strategy on the current display products, and will continue to sell and support them for existing and new applications.

      Sensor Hubs and Smart Connectivity represent a huge addressable market for QuickLogic – significantly larger than the display bridging market due to our ability to sell them into the smartphone, tablet, and wearable markets. Additionally, our unique value proposition of providing always-on context awareness below 2% of system battery life is a huge competitive differentiation, and is compelling to OEMs. Finally, the market growth rate for sensor hubs and connectivity is expected to be significantly higher than display bridges.

      Based on all of this, we believe that our R&D resources are best spent on Sensor Hubs and Smart Connectivity, allowing us to sell into much large, faster growing markets.

      Thanks!

      Paul

      Reply

3. Paul:

   I reviewed the Roth Presentation slides. Given the potentially explosive growth prospects for QUIK’s new products, why would the company’s Long Term operating margin model only be 10%? Operating expenses at 40% of revenue seems way too high as a long term goal. Especially considering how high your fully diluted share count is. I understand the desire to develop more product lines as the company grows once again, but it seems that a little more margin than a goal of 10% operating margins would be appropriate for your investors.

   Also, how is the design momentum going with the new products now that they have been out there for six months? Is there visibility for them to drive new and exciting revenue growth starting in 2H 2014 for the “off the shelf products” and is there any meaningful design activity ongoing for some large custom wins that can generate revenue in 2015?

   Thx!!

   Reply

   1. Hello Jay,

      We believe that a high level of investment in engineering and technical sales is appropriate for our type of business over the next 3-5 years – that being said, the goals we discussed are meant to be conservative.

      Regarding design momentum, we’ll provide updates on this during our next earnings call, scheduled for April 30th. There will be the usual announcement of the call via press release and through quicklogic.com.

      Thanks!

      Paul

      Reply

4. What company is your primary foundry supplier?

   Who is the QUIK executive in charge of “manufacturing”/foundry relations? In essence, who is the executive in charge of making sure QUIK ramps and delivers product to its customers on time? What is that person’s background?

   As QUIK may be poised to ramp new design wins into very high volume phone and tablet products, are you a. Prepared to handle substantial volume surges (i.e., hockey stick surges) in a timely manner and, b. Are you currently at risk of not winning on technology due to potential customers concerns regarding your ramp readiness?

   Reply

   1. Hello Jay,

      I’ll answer your questions one by one…

      (1) Our primary foundries are Global Foundries, TSMC, and TowerJazz

      (2) There are many facets to having a good relationship with a foundry partner — both current partners and the examination of partners for future products and process nodes. Typically all of our executives are involved in some way or another.

      (3) I would say that there is no risk of us losing any spots on customer systems due to our ramp readiness. I would point to us ramping our VX product for a flagship Samsung tablet as an example of our ability to ramp and deliver a quality product quickly and efficiently.

      Reply