K********g
发帖数: 9389 | | K********g
发帖数: 9389 | 2 一夜回到解放前了
【在 K********g 的大作中提到】
: STEC, NANO，我靠
| Y**U
发帖数: 911 | | K********g
发帖数: 9389 | 4 没有，今天才开始买非生拉，也只是些原材料
可是我徒弟前几天买了，不知道昨天有没有Stop.
赌ER危险哦
【在 Y**U 的大作中提到】
: LZ没有long STEC吧？
| Y**U
发帖数: 911 | 5 原材料这一波也好残， 有的一年新低的。
【在 K********g 的大作中提到】
: 没有，今天才开始买非生拉，也只是些原材料
: 可是我徒弟前几天买了，不知道昨天有没有Stop.
: 赌ER危险哦
| K********g
发帖数: 9389 | 6 所以想搞点，好久没出手了。奶奶的，不知道这次出手会不会被鸵鸟
【在 Y**U 的大作中提到】
: 原材料这一波也好残， 有的一年新低的。
| c******e
发帖数: 1581 | 7 stec 这哥俩09年骗人被人告了，最近出结果了，对他们不利。所以有
前科的股票不要碰。
【在 K********g 的大作中提到】
: STEC, NANO，我靠
| y*****l
发帖数: 5997 | 8 我不建议她赌ER,前几次都跌的，希望她跑了.
我没想到跌这么狠，下去3分之一，买put的赚大发了。
看图以为跌到15就差不多了，主要赶上大盘不好。
http://finviz.com/screener.ashx?v=341&t=STEC,NANO
制造也很惨，连蓝筹股CAT和MMM也暴跌。被花街拿来打压大盘了，黑啊。
http://finviz.com/screener.ashx?v=341&t=CAT,MMM
【在 K********g 的大作中提到】
: 没有，今天才开始买非生拉，也只是些原材料
: 可是我徒弟前几天买了，不知道昨天有没有Stop.
: 赌ER危险哦
| L*********n
发帖数: 1225 | 9 请大牛帮着看看我的老相好，SIMO （神马）的盘后季报。
对任何不带偏见的评估，青蛙先在这里谢过了！ | y*****l
发帖数: 5997 | 10 盘后不是大涨了吗？还用分析啥？
我不会看报表，让红哥来吧。
看起来很不错，图也很牛。
SIMO你推荐了很多次都没买，可惜了。
神马都是浮云！
http://finance.yahoo.com/news/Silicon-Motion-Announces-pz-34337
Second Quarter 2011
Financial Highlights
Net sales increased 16% quarter-over-quarter to US$50.5 million from US$
43.4 million in 1Q11
Gross margin excluding stock-based compensation increased to 46.9% from
46.2% in 1Q11
Operating expenses excluding stock-based compensation, acquisition-
related charges, and other items decreased to US$13.1 million from US$13.4
million in 1Q11
Operating margin excluding stock-based compensation, acquisition-related
charges, and other items increased to 21.1% from 15.5% in 1Q11
Diluted earnings per ADS excluding stock-based compensation, acquisition
-related charges, net foreign exchange gain (loss), and other items
increased to US$0.29, from US$0.18 in 1Q11
Business Highlights
Sixth consecutive quarter of revenue growth
Second highest quarter of revenue in the Company's history
Total storage controller unit shipments declined 3% sequentially but
increased 41% year-over-year
Blended storage controller ASPs increased 12% sequentially
Increased OEM business 40% sequentially to about 50% of mobile storage
revenue
Increased 3-bits per cell (TLC) controller revenue 45% sequentially to
over 35% of all controller revenue
Won 3 of the top 6 channel vendors for ultra high speed SD UHS-I card
business
Over 12 eMMC controller design wins for smartphones and tablets, with
majority for the Android platform
Began shipping our 4G LTE transceiver for the world's first Android LTE
tablet
TAIPEI, Taiwan, July 29, 2011 (GLOBE NEWSWIRE) -- Silicon Motion Technology
Corporation (Nasdaq:SIMO - News) ("Silicon Motion" or the "Company") today
announced its second quarter of 2011 financial results. For the second
quarter of 2011, net sales increased 16% quarter-over-quarter to US$50.5
million from US$43.4 million in the first quarter of 2011. Net income (GAAP)
for the second quarter decreased quarter-over-quarter to US$4.5 million or
US$0.14 per diluted ADS from a net income of US$6.4 million or US$0.21 per
diluted ADS in the first quarter of 2011.
Net income excluding stock-based compensation, acquisition-related charges,
foreign exchange gain (loss), and other items increased in the second
quarter to US$9.9 million or US$0.29 per diluted ADS from a net income of US
$5.8 million or US$0.18 per diluted ADS in the first quarter of 2011.
Second Quarter 2011 Financial Review
Commenting on the results of the second quarter, Silicon Motion's President
and CEO, Wallace Kou, said:
"We are excited to report that our US$50.5 million of revenue this quarter
represents the second biggest quarter of revenue in our history. For us, the
achievement of this milestone demonstrates that the strategies and
investments which we have made in the last two years are bearing solid
results, whether relating to our mobile storage or mobile communications
products.
"Our mobile storage business experienced its sixth consecutive quarter of
solid growth momentum as our second quarter revenue increased 9%
sequentially. This quarter, our ASPs increased 12% sequentially, and on an
annual basis, our ASPs have also been growing for six consecutive quarters.
These achievements are the result of our OEM strategy, emphasis on higher
value-added products, and focus on new SSD+embedded solutions. Sales to our
flash maker customers and other OEMs increased 40% sequentially and
accounted for about half of all mobile storage sales, up from about 40% in
the prior quarter. Sales of our TLC controllers, which are ideally suited
for cards bundled with smartphones, increased 45% and now accounted for over
35% of all our controller sales. Well over 50% of our controllers sold are
used in the management of the latest 2x nm NAND flash, whether MLC or TLC--a
strong endorsement by customers of our technological excellence. Our SSD+
embedded solutions grew 30% sequentially as our sales of controllers for low
density industrial and networking storage applications rebounded. For our
eMMC solutions, we are currently executing over 12 projects for applications
, such as Android smartphones and tablets. We continue to believe in the
prospects for significant growth in 2012 from our SSD+embedded business.
"Our mobile communications segment delivered a phenomenal 55% sequential
revenue growth, largely as a result of a rebound in mobile TV IC sales
relating to Korea T-DMB market share gains and a continued ramp of our 4G
LTE transceivers for Samsung Android phones, currently rolling out at
Verizon and MetroPCS in the U.S. We have also started shipping our 4G LTE
transceiver for the world's first Android LTE tablet."
Sales
Net sales in the second quarter were US$50.5 million, an increase of 16%
compared with the previous quarter. For the quarter, mobile storage products
accounted for 67% of net sales, mobile communications 25% of net sales,
multimedia SoCs 7% of net sales, and others 1% of net sales.
Net sales of our mobile storage products, which primarily include flash
memory cards, USB flash drives, SSD and embedded flash controllers,
increased 9% sequentially in the second quarter to US$33.9 million.
Net sales of mobile communication products, which primarily include mobile
TV IC solutions and handset transceivers, increased 55% from the first
quarter of 2011 to US$12.8 million this quarter.
Net sales of multimedia SoC products, which are primarily embedded graphics
processors, increased 10% from the first quarter of 2011 to US$3.5 million
this quarter.
Gross and Operating Margins
Gross margin excluding stock-based compensation increased to 46.9% in the
second quarter from 46.2% in the first quarter of 2011. GAAP gross margin
increased to 46.8% from 46.2% in the first quarter of 2011.
Operating expenses excluding stock-based compensation, acquisition-related
charges, and other items were US$13.1 million, which was lower than the US$
13.4 million expended in the first quarter. Research and development
expenditures, excluding stock-based compensation, were US$7.7 million, which
was lower than the US$8.1 million in the previous quarter. Selling and
marketing expenses excluding stock-based compensation were US$2.9 million,
which was higher compared to the US$2.7 million reported in the previous
quarter. General and administrative expenses excluding stock-based
compensation and litigation expenses were US$2.5 million, which was
comparable to our previous quarter. Stock-based compensation was US$2.4
million in the second quarter, which was higher than the US$0.8 million in
the first quarter. Acquisition-related charges were US$0.2 million, a
decrease from the US$0.6 million in the first quarter.
Operating margin excluding stock-based compensation, acquisition-related
charges, and other items was 21.1%, an increase from 15.5% in the previous
quarter. GAAP operating margin was 15.9%, an increase from the 12.3% in the
first quarter.
Other Income and Expenses
Net total other income excluding net foreign exchange gain or loss, and
other items was US$0.1 million, similar to the first quarter. GAAP net total
other income was a loss of US$2.7 million, a decrease from a gain of US$2.1
million in the first quarter. The decrease in the GAAP total other income
was primarily due to a foreign exchange loss in the second quarter of US$2.8
million compared to a foreign exchange gain in the first quarter of US$2.0
million.
Earnings
Net income excluding stock-based compensation, acquisition-related charges,
net foreign exchange gain or loss, and other items was US$9.9 million this
quarter, an increase from US$5.8 million in the first quarter. Diluted
earnings per ADS excluding stock-based compensation, acquisition-related
charges, net foreign exchange gain or loss, and other items were US$0.29, an
increase from US$0.18 in the first quarter.
GAAP net income was US$4.5 million, a decrease from the net income of US$6.4
million in the first quarter. Diluted GAAP earnings per ADS were US$0.14, a
decrease from US$0.21 in the previous quarter.
Balance Sheet
Cash, cash equivalents, and short-term investments decreased to US$55.1
million from US$57.6 million at the end of the first quarter of 2011.
Cash Flow
Our cash flows were as follows:
3 months ended June 30, 2011
(In US$ millions)
Net income 4.5
Depreciation & amortization 1.6
Changes in operating assets and liabilities (11.5)
Others 2.5
Net cash provided by (used in) operating activities (2.9)
Acquisition of property and equipment (1.4)
Others 0.3
Net cash provided by (used in) investing activities (1.1)
Others
0.4
Net cash provided by (used in) financing activities 0.4
Effects of changes in foreign currency exchange rates on cash 0.3
Net increase (decrease) in cash and cash equivalents (3.3)
Pro-forma adjustment for foreign exchange translation 2.1
Pro-forma net increase (decrease) in cash and cash equivalents (1.2)
During the second quarter of 2011, we spent US$1.2 million in capital
expenditures primarily relating to the purchase of testing equipments,
software and design tools.
Business Outlook:
Silicon Motion's President and CEO, Wallace Kou, added:
"The second quarter exceeded our expectations as strong OEM sales more
than offset weak module maker sales. We continue to believe that while NAND
flash industry supply will continue to increase in the second half of 2011,
incremental supply of flash could be consumed by growing demand for
smartphones, tablets, and SSDs, and less by module makers for the retail
market. Our rapidly growing OEM sales currently cater primarily to the
increasing demand for cards bundled with smartphones, as well as low density
SSD+embedded solutions. Because of the strength of our business year-to-
date, we are increasing our full year guidance and believe we are on track
to delivering the largest annual revenue in the Company's history."
For the third quarter of 2011, management expects:
Revenue to be down 5% to up 5% sequentially
Gross margin excluding stock-based compensation to be in the 46% to 48%
range
Operating expenses excluding stock-based compensation, acquisition-
related charges, and other items of approximately US$14 to US$16 million
For the full year 2011, management is increasing guidance as previously
announced in April and now expects:
Revenue to be up 40% to 50% compared with full year 2010
Gross margin excluding stock-based compensation to be in the 46% to 48%
range
Operating expenses excluding stock-based compensation, acquisition-
related charges, and other items of approximately US$55 to US$58 million
Conference Call & Webcast:
The Company's management team will conduct a conference call at 8:00am
Eastern Time on July 29, 2011.
(Speakers)
Wallace Kou, President & CEO
Riyadh Lai, CFO
Jason Tsai, Director of Investor Relations and Strategy
PRE-REGISTRATION:
https://www.theconferencingservice.com/prereg/key.process?key=PYT8TYCT7
CONFERENCE CALL ACCESS NUMBERS:
USA (Toll Free): 1 888 679 8035
USA (Toll): 1 617 213 4848
Taiwan (Toll Free): 0080 144 4360
Participant Passcode: 4094 4862
REPLAY NUMBERS (for 7 days):
USA (Toll Free): 1 888 286 8010
USA (Toll): 1 617 801 6888
Participant Passcode: 4121 5661
A webcast of the call will be available on the Company's website at www.
siliconmotion.com.
Discussion of Non-GAAP Financial Measures
To supplement the Company's unaudited selected financial results calculated
in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"),
the Company discloses certain non-GAAP financial measures that exclude stock
-based compensation, acquisition-related charges and other items, including
non-GAAP cost of sales, non-GAAP gross profit, non-GAAP selling, general,
and administrative expenses, non-GAAP operating income, non-GAAP net income,
and non-GAAP earnings per diluted ADS. These non-GAAP measures are not in
accordance with or an alternative for GAAP, and may be different from non-
GAAP measures used by other companies. We believe that these non-GAAP
measures have limitations in that they do not reflect all the amounts
associated with the Company's results of operations as determined in
accordance with GAAP and that these measures should only be used to evaluate
the Company's results of operations in conjunction with the corresponding
GAAP measures. The presentation of this additional information is not meant
to be considered in isolation or as a substitute for the most directly
comparable GAAP measure. We compensate for the limitations of our non-GAAP
financial measures by relying upon GAAP results to gain a complete picture
of our performance.
Our non-GAAP financial measures are provided to enhance the user's overall
understanding of our current financial performance and our prospects for the
future. Specifically, we believe the non-GAAP results provide useful
information to both management and investors as these non-GAAP results
exclude certain expenses, gains and losses that we believe are not
indicative of our core operating results and because it is consistent with
the financial models and estimates published by many analysts who follow the
Company. We use non-GAAP measures to evaluate the operating performance of
our business, for comparison with our forecasts, and for benchmarking our
performance externally against our competitors. Also, when evaluating
potential acquisitions, we exclude the items described below from our
consideration of the target's performance and valuation. Since we find these
measures to be useful, we believe that our investors benefit from seeing
the results from management's perspective in addition to seeing our GAAP
results. We believe that these non-GAAP measures, when read in conjunction
with the Company's GAAP financials, provide useful information to investors
by offering:
-- the ability to make more meaningful period-to-period comparisons of
the Company's on-going operating results;
-- the ability to better identify trends in the Company's underlying
business and perform related trend analysis;
-- a better understanding of how management plans and measures the
Company's underlying business; and
-- an easier way to compare the Company's operating results against
analyst financial models and operating results of our competitors that
supplement their GAAP results with non-GAAP financial measures.
The following are explanations of each of the adjustments that we
incorporate into our non-GAAP measures, as well as the reasons for excluding
each of these individual items in our reconciliation of these non-GAAP
financial measures:
Stock-based compensation expense consists of non-cash charges related to the
fair value of stock options and restricted stock units awarded to employees
. The Company believes that the exclusion of these non-cash charges provides
for more accurate comparisons of our operating results to our peer
companies due to the varying available valuation methodologies, subjective
assumptions and the variety of award types. In addition, the Company
believes it is useful to investors to understand the specific impact of
share-based compensation on its operating results.
Acquisition-related charges consist of non-cash charges that can be impacted
by the timing and magnitude of our acquisitions. We consider our operating
results without these charges when evaluating our ongoing performance and
forecasting our earnings trends, and therefore excludes such charges when
presenting non-GAAP financial measures. We believe that the assessment of
our operations excluding these costs is relevant to our assessment of
internal operations and comparisons to the performance of our competitors.
Acquisition-related charges include the following:
-- Amortization of intangible assets relates to the amortization of core
technology, customer relationship, and other intangibles acquired as part
of an acquisition.
Litigation expenses consist of legal expenses relating to intellectual
property disputes, commercial claims and other types of litigation. While
litigation may arise in the ordinary course of our business, we nevertheless
consider litigation to be an unusual, non-recurring and unplanned activity
and therefore exclude these types of charges when presenting non-GAAP
financial measures.
Gain from settlement of litigation relates to the one-time payment in
connection with a favorable settlement of certain litigation with ASE and
ANP.
Foreign exchange gains and losses consists of translation gains and/or
losses of non-NT$ denominated current assets and current liabilities, as
well as certain other balance sheet items which result from the appreciation
or depreciation of non-NT$ currencies against the NT$. We do not use
financial instruments to manage the impact on our operations from changes in
foreign exchange rates, and because our operations are subject to
fluctuations in foreign exchange rates, we therefore exclude foreign
exchange gains and losses when presenting non-GAAP financial measures.
Impairment of long-term investments relates to the other-than-temporary, non
-operating write down of the Company's minority stake investments. We do not
consider these investments which were made before 2007 to be strategic and
exclude the performance of these investments when evaluating our ongoing
performance and forecasting our earnings trends, and therefore excludes
losses (and gains) from the investments when presenting non-GAAP financial
measures.
Silicon Motion Technology Corporation
Consolidated Statements of Income
(in thousands, except percentages and per ADS data, unaudited)
For the Three Months Ended
Jun. 30, 2010
(NT$) Mar. 31, 2011
(NT$) Jun. 30, 2011
(NT$) Jun. 30, 2010
(US$) Mar. 31, 2011
(US$) Jun. 30, 2011
(US$)
Net Sales 1,035,398 1,271,926 1,458,150 32,488 43,396
50,542
Cost of sales 543,452 684,604 775,744 17,052 23,357
26,888
Gross profit 491,946 587,322 682,406 15,436 20,039
23,654
Operating expenses
Research & development 280,579 250,776 262,709 8,804 8,
556 9,106
Sales & marketing 103,705 82,815 99,853 3,254 2,826
3,461
General & administrative 79,219 79,477 82,620 2,486 2,
712 2,864
Amortization of intangibles assets 17,316 17,316 5,772 543
591 200
Gain from settlement of litigation (43,500) -- -- (1,365)
-- --
Operating income 54,627 156,938 231,452 1,714 5,354
8,023
Non-operating income (expense)
Gain on sale of investments 5 34 21 -- 1 1
Interest income, net 2,264 2,031 2,307 71 69 79
Impairment of long-term investments (4,100) -- -- (129)
-- --
Foreign exchange gain (loss), net 7,077 58,416 (79,609) 222
1,993 (2,759)
Others, net 967 813 (711) 31 28 (24)
Subtotal 6,213 61,294 (77,992) 195 2,091 (2,703)
Income before income tax 60,840 218,232 153,460 1,909 7,
445 5,320
Income tax expense (benefit) (10,835) 29,526 23,647 (340)
1,007 820
Net income 71,675 188,706 129,813 2,249 6,438 4,500
Basic earnings per ADS $2.45 $6.25 $4.20 $0.08 $0.21
$0.15
Diluted earnings per ADS $2.36 $6.01 $4.03 $0.07 $0.21
$0.14
Margin Analysis:
Gross margin 47.5% 46.2% 46.8% 47.5% 46.2% 46.8%
Operating margin 5.3% 12.3% 15.9% 5.3% 12.3% 15.9%
Net margin 6.9% 14.8% 8.9% 6.9% 14.8% 8.9%
Additional Data:
Weighted avg. ADS equivalents[1] 29,224 30,195 30,874 29,224
30,195 30,874
Diluted ADS equivalents 30,313 31,393 32,207 30,313 31,
393 32,207
[1] Assumes all outstanding ordinary shares are represented by ADSs. Each
ADS represents four ordinary shares.
Silicon Motion Technology Corporation
Reconciliation of GAAP to Non-GAAP Operating Results
(in thousands, except percentages and per ADS data, unaudited)
For the Three Months Ended
Jun. 30, 2010
(NT$) Mar. 31, 2011
(NT$) Jun. 30, 2011
(NT$) Jun. 30, 2010
(US$) Mar. 31, 2011
(US$) Jun. 30, 2011
(US$)
GAAP net income 71,675 188,706 129,813 2,249 6,438 4
,500
Stock-based compensation:
Cost of sales 1,551 808 1,961 49 27 68
Research and development 26,651 12,280 40,716 836 419
1,411
Sales and marketing 10,014 4,041 15,460 314 138 536
General and administrative 9,388 5,122 11,684 295 175
405
Total stock-based compensation 47,604 22,251 69, 821 1,494
759 2,420
Acquisition related charges:
Amortization of intangible assets 17,316 17,316 5,772 543
591 200
Litigation expenses 2,543 293 40 80 10 1
Gain from settlement of litigation (43,500) -- -- (1,365)
-- --
Foreign exchange loss (gain),net (7,077) (58,416) 79,609 (
222) (1,993) 2,759
Impairment of long-term investments 4,100 -- -- 129 --
--
Non-GAAP net income 92,661 170,150 285,055 2,908 5,805
9,880
Shares used in computing non-GAAP basic earnings per ADS 29,224 30,
195 30,874 29,224 30,195 30,874
Shares used in computing non-GAAP diluted earnings per ADS 32,027 32
,209 33,530 32,027 32,209 33,530
Non-GAAP basic earnings per ADS $3.17 $5.63 $9.23 0.10 $
0.19 $0.32
Non-GAAP diluted earnings per ADS $2.89 $5.28 $8.50 0.09
$0.18 $0.29
Non-GAAP gross margin 47.7% 46.2% 46.9% 47.7% 46.2%
46.9%
Non-GAAP operating margin 7.6% 15.5% 21.1% 7.6% 15.5%
21.1%
Silicon Motion Technology Corporation
Consolidated Statements of Income
(in thousands, except percentages, and per ADS data, unaudited)
For the Six Months Ended
Jun. 30, 2010
(NT$) Jun. 30, 2011
(NT$) Jun. 30, 2010
(US$) Jun. 30, 2011
(US$)
Net Sales 1,866,171 2,730,076 58,479 93,882
Cost of sales 983,725 1,460,348 30,826 50,218
Gross profit 882,446 1,269,728 27,653 43,664
Operating expenses
Research & development 520,288 513,485 16,304 17,658
Sales & marketing 202,639 182,668 6,350 6,282
General & administrative 161,199 162,097 5,051 5,574
Amortization of intangible assets 34,612 23,088 1,085 794
Gain from settlement of litigation (43,500) -- (1,363) --
Operating income 7,208 388,390 226 13,356
Non-operating expense (income)
Gain on sale of investments 15 55 -- 2
Interest income, net 4,779 4,338 149 149
Foreign exchange gain (loss), net 597 (21,193) 19 (729)
Impairment of long-term investments (6,401) -- (201) --
Others, net (3,087) 102 (96) 4
Subtotal (4,097) (16,698) (129) (574)
Income before income tax 3,111 371,692 97 12,782
Income tax expense 1,287 53,173 40 1,829
Net income 1,824 318,519 57 10,953
Basic earnings per ADS $0.06 $10.43 $0.00 $0.36
Diluted earnings per ADS $0.06 $10.02 $0.00 $0.35
Margin Analysis:
Gross margin 47.3% 46.5% 47.3% 46.5%
Operating margin 0.4% 14.2% 0.4% 14.2%
Weighted average ADS:
Basic 28,841 30,535 28,841 30,535
Diluted 29,877 31,800 29,877 31,800
Silicon Motion Technology Corporation
Reconciliation of GAAP to Non-GAAP Operating Results
(in thousands, except percentages and per ADS data, unaudited)
For the Six Months Ended
Jun. 30, 2010
(NT$) Jun. 30, 2011
(NT$) Jun. 30, 2010
(US$) Jun. 30, 2011
(US$)
GAAP net income 1,824 318,519 57 10,953
Stock-based compensation:
Cost of sales 2,340 2,769 73 95
Research and development 41,249 52,996 1,292 1,822
Sales and marketing 22,832 19,501 716 671
General and administrative 16,740 16,806 525 578
Total stock-based compensation 83,161 92,072 2,606 3,166
Acquisition related charges:
Amortization of intangible assets 34,612 23,088 1,085 794
Litigation expenses 4,705 333 147 11
Gain from settlement of litigation (43,500) -- (1,363) --
Impairment of long-term investments 6,401 -- 201 --
Foreign exchange loss (gain), net (597) 21,193 (19) 729
Non-GAAP net income 86,606 455,205 2,714 15,653
Weighted avg. ADS (non-GAAP):
Basic 28,841 30,535 28,841 30,535
Diluted 31,705 32,870 31,705 32,870
Non-GAAP basic earnings per ADS $3.00 $14.91 $0.09 $0.51
Non-GAAP diluted earnings per ADS $2.73 $13.85 $0.09 $0.48
Non-GAAP gross margin 47.4% 46.6% 47.4% 46.6%
Non-GAAP operating margin 4.6% 18.5% 4.6% 18.5%
Silicon Motion Technology Corporation
Consolidated Balance Sheet
(In thousands, unaudited)
Jun. 30, 2010
(NT$) Mar. 31, 2011
(NT$) Jun. 30, 2011
(NT$) Jun. 30, 2010
(US$) Mar. 31, 2011
(US$) Jun. 30, 2011
(US$)
Cash and cash equivalents 2,058,362 1,660,280 1,591,905 64,
183 56,319 55,064
Short-term investments 11,175 38,097 -- 348 1,292 --
Accounts receivable (net) 625,707 837,402 901,696 19,511
28,406 31,190
Inventories 377,340 745,174 994,416 11,766 25,277 34
,397
Refundable deposits - current 138,800 448,482 439,145 4,328
15,213 15,190
Deferred income tax assets (net) 4,417 115,003 114,048 138
3,901 3,945
Prepaid expenses and other current assets 132,503 72,672 111,853
4,132 2,465 3,869
Total current assets 3,348,304 3,917,110 4,153,063 104,406
132,873 143,655
Long-term investments 6,271 5,400 5,400 196 183 187
Property and equipment (net) 760,698 742,722 743,636 23,720
25,194 25,722
Goodwill and intangible assets(net) 1,226,527 1,174,579 1,168,
807 38,245 39,843 40,429
Other assets 249,776 170,839 170,283 7,788 5,796 5,
890
Total assets 5,591,576 6,010,650 6,241,189 174,355 203,
889 215,883
Accounts payable 443,066 539,998 484,177 13,816 18,317
16,748
Income tax payable 22,925 38,965 30,285 715 1,322 1,
048
Accrued expenses and other current liabilities 419,659 407,840
453,084 13,085 13,835 15,672
Total current liabilities 885,650 986,803 967,546 27,616
33,474 33,468
Other liabilities 100,324 77,600 80,581 3,128 2,632
2,787
Total liabilities 985,974 1,064,403 1,048,127 30,744 36,
106 36,255
Shareholders' equity 4,605,602 4,946,247 5,193,062 143,611
167,783 179,628
Total liabilities & shareholders' equity 5,591,576 6,010,650 6,
241,189 174,355 203,889 215,883
Note: The Company maintains its accounts and expresses its financial
statements in New Taiwan dollars. For
convenience only, U.S. dollar amounts presented in the income statement have
been translated from New Taiwan
dollars, using an average exchange rate of NT$31.87 to US$1 for 2Q10, NT$29.
31 to US$1 for 1Q11, and NT$28.85 to
US$1 for 2Q11 based on the average of the historical exchange rates reported
by the Oanda Corporation.
Amounts from the balance sheet have been translated using the ending
exchange rate for the period. The
exchange rate was NT$32.07 to US$1 at the end of 2Q10, NT$29.48 to US$1 at
the end of 1Q11 and NT$28.91 to US$1
at the end of 2Q11.
About Silicon Motion:
We are a fabless semiconductor company that designs, develops and markets
high performance, low-power semiconductor solutions for the multimedia
consumer electronics market. We have three major product lines: mobile
storage, mobile communications, and multimedia SoCs. Our mobile storage
business is composed of microcontrollers used in NAND flash memory storage
products such as flash memory cards, USB flash drives, SSDs, and embedded
flash applications. Our mobile communications business is composed primarily
of mobile TV IC solutions and handset transceivers. Our multimedia SoCs
business is composed primarily of embedded graphics processors.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, including without
limitation, statements about Silicon Motion's expected third quarter 2011
revenue, gross margin and operating expenses, all of which reflect
management's estimates based on information available at this time of this
press release. While Silicon Motion believes these estimates to be
meaningful, these amounts could differ materially from actual reported
amounts for the second quarter. Forward-looking statements also include,
without limitation, statements regarding trends in the multimedia consumer
electronics market and our future results of operations, financial condition
and business prospects. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "should," "expect," "intend
," "plan," "anticipate," "believe," "estimate," "predict," "potential," "
continue," or the negative of these terms or other comparable terminology.
Although such statements are based on our own information and information
from other sources we believe to be reliable, you should not place undue
reliance on them. These statements involve risks and uncertainties, and
actual market trends or our actual results of operations, financial
condition or business prospects may differ materially from those expressed
or implied in these forward looking statements for a variety of reasons.
Potential risks and uncertainties include, but are not limited to the
unpredictable volume and timing of customer orders, which are not fixed by
contract but vary on a purchase order basis; the loss of one or more key
customers or the significant reduction, postponement, rescheduling or
cancellation of orders from these customers; general economic conditions or
conditions in the semiconductor or consumer electronics markets; decreases
in the overall average selling prices of our products; changes in the
relative sales mix of our products; changes in our cost of finished goods;
the availability, pricing, and timeliness of delivery of other components
and raw materials used in our customers' products; our customers' sales
outlook, purchasing patterns, and inventory adjustments based on consumer
demands and general economic conditions, including the general global
economic slowdown as it effects the Company, its customers and consumers;
our ability to successfully develop, introduce, and sell new or enhanced
products in a timely manner; and the timing of new product announcements or
introductions by us or by our competitors. For additional discussion of
these risks and uncertainties and other factors, please see the documents we
file from time to time with the Securities and Exchange Commission,
including our Annual Report on Form 20-F filed on June 30, 2011. We assume
no obligation to update any forward-looking statements, which apply only as
of the date of this press release.
【在 L*********n 的大作中提到】
: 请大牛帮着看看我的老相好，SIMO （神马）的盘后季报。
: 对任何不带偏见的评估，青蛙先在这里谢过了！
| L*********n
发帖数: 1225 | 11 If one is interested, there will be opportunities. After Q2 report (expect
Non-GAAP earning for 2011 to be above $0.90), I would think SIMO under $10
might be less risky to enter. Nevertheless, their business is in a hot
sector, kind of related to smartphones and tablets. However, I would NOT
chase it. On the other hand I might even consider to take some chips off the
table if above $12 for my trading account.
Quote from press release: "For our eMMC solutions, we are currently
executing over 12 projects for applications, such as Android smartphones and
tablets. We continue to believe in the prospects for significant growth in
2012 from our SSD+embedded business." | y*****l
发帖数: 5997 | 12 这个领域很不错，就是竞争太激烈。
SIMO看图最少到13块。
问一下大家，谁知道手机的无线充电器哪家公司做的最好/最大？
爱疯和安猪用得是谁的？有没有通用的？
the
and
in
【在 L*********n 的大作中提到】
: If one is interested, there will be opportunities. After Q2 report (expect
: Non-GAAP earning for 2011 to be above $0.90), I would think SIMO under $10
: might be less risky to enter. Nevertheless, their business is in a hot
: sector, kind of related to smartphones and tablets. However, I would NOT
: chase it. On the other hand I might even consider to take some chips off the
: table if above $12 for my trading account.
: Quote from press release: "For our eMMC solutions, we are currently
: executing over 12 projects for applications, such as Android smartphones and
: tablets. We continue to believe in the prospects for significant growth in
: 2012 from our SSD+embedded business."
|
|
