numinary's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/22819/comments http://seekingalpha.com/article/146145-the-eu-stabs-apple-in-the-back?source=feed#comment-568776 568776
As someone that goes on company junkets around Europe, I would certainly like to see a universal power plug rather than a universal cell phone power cable... ]]> Tue, 30 Jun 2009 14:13:31 -0400
As someone that goes on company junkets around Europe, I would certainly like to see a universal power plug rather than a universal cell phone power cable... ]]> http://seekingalpha.com/article/142658-misleading-statistics-for-mobile-internet-and-smartphones-get-rid-of-the-hype?source=feed#comment-544706 544706
""LTE will deliver 100Mbit/s speeds""

nothing quite like quoting a maximum speed as typical...]]> Fri, 12 Jun 2009 19:33:59 -0400
""LTE will deliver 100Mbit/s speeds""

nothing quite like quoting a maximum speed as typical...]]> http://seekingalpha.com/article/134201-outsourced-manufacturing-will-have-little-impact-on-optical-suppliers-operating-margins?source=feed#comment-484812 484812
Some of this is inherent in the physics of the devices, some of it is inherent in the different market sizes -- 2 orders of magnitude is a big deal...

Vertical integration for optics suppliers can be a key differentiation. It is important for the optics suppliers to understand what technologies matter most to keep in-house. For example, perhaps Finisar feels that their differentiation is at the transceiver manufacturing level so they don't want to let that "know-how" out to competitors thru outsourcing of manufacturing. JDSU might feel that their differentiation is in the fabrication of optical devices and the manufacturing at the transceiver/sub-system level is not unique.

The author seems to lump all of the manufacturing together in one clump and not appreciate that different manufacturing steps have different technological requirements. The manufacturing that is going on at Fabrinet for JDSU does not involve the chip (iii-v semiconductor such as InP) fabrication, but rather PCB manufacturing, and some chip packaging. Finisar keeps it all in-house because they have more high volume products with which to ride out waves in the industry whereas JDSU is more of a telecom play and tends to have more peaks & valleys which correspond to network build-outs.

Please do a little more homework on the industry before posting next time. All the same, I take your comments about the science fair culture to heart and do not deny that some of that is present...]]> Thu, 30 Apr 2009 20:25:35 -0400
Some of this is inherent in the physics of the devices, some of it is inherent in the different market sizes -- 2 orders of magnitude is a big deal...

Vertical integration for optics suppliers can be a key differentiation. It is important for the optics suppliers to understand what technologies matter most to keep in-house. For example, perhaps Finisar feels that their differentiation is at the transceiver manufacturing level so they don't want to let that "know-how" out to competitors thru outsourcing of manufacturing. JDSU might feel that their differentiation is in the fabrication of optical devices and the manufacturing at the transceiver/sub-system level is not unique.

The author seems to lump all of the manufacturing together in one clump and not appreciate that different manufacturing steps have different technological requirements. The manufacturing that is going on at Fabrinet for JDSU does not involve the chip (iii-v semiconductor such as InP) fabrication, but rather PCB manufacturing, and some chip packaging. Finisar keeps it all in-house because they have more high volume products with which to ride out waves in the industry whereas JDSU is more of a telecom play and tends to have more peaks & valleys which correspond to network build-outs.

Please do a little more homework on the industry before posting next time. All the same, I take your comments about the science fair culture to heart and do not deny that some of that is present...]]> http://seekingalpha.com/article/123441-hewlett-packard-may-not-be-on-sound-footing?source=feed#comment-409538 409538
I totally agree with your statement "I don't see anything wrong with a short writing about why he is short. I find it more valuable than some writer with an "analyst" title at a brokerage creating sales literature to help a brokerage churn accounts to generate commissions."

However, I think it would be useful from an editorial point of view to have the disclosure at the beginning of the article/blog. This is a simple style change that would allow readers to be more informed as they wade through the myriad articles available on stocks.

--numinary]]> Mon, 02 Mar 2009 12:21:16 -0500
I totally agree with your statement "I don't see anything wrong with a short writing about why he is short. I find it more valuable than some writer with an "analyst" title at a brokerage creating sales literature to help a brokerage churn accounts to generate commissions."

However, I think it would be useful from an editorial point of view to have the disclosure at the beginning of the article/blog. This is a simple style change that would allow readers to be more informed as they wade through the myriad articles available on stocks.

--numinary]]> http://seekingalpha.com/article/117651-kla-tencor-bad-earnings-a-good-reason-for-having-gaap?source=feed#comment-372529 372529 Sun, 01 Feb 2009 12:06:21 -0500 http://seekingalpha.com/article/96656-ciena-and-bookham-a-good-match?source=feed#comment-261442 261442 -13.7% operating margin (ttm)
only 50mm in cash with -39mm levered free cash flow (ttm)
major >10% customer is Nortel who is selling off their optical business
major customer is Ciena who pre-announced weak sales

reasons to be bullish on BKHM:
amount of money lost each quarter getting smaller
some interesting product announcements

reasons why a systems company is unlikely to buy an optical company
a) systems companies all spun out their optical subsidiaries pre-bubble or during the telecom bubble
b) premise is to "realize public value" of these businesses
c) additional premise is to allow optical companies to sell to many different system vendors & carriers and therefore address a larger market. if the optical company is in-house then they can typically only sell to the in-house customer and not external
d) Ciena would rather buy from many suppliers than support the R&D for an in-house optics team


]]> Mon, 22 Sep 2008 11:03:58 -0400 -13.7% operating margin (ttm)
only 50mm in cash with -39mm levered free cash flow (ttm)
major >10% customer is Nortel who is selling off their optical business
major customer is Ciena who pre-announced weak sales

reasons to be bullish on BKHM:
amount of money lost each quarter getting smaller
some interesting product announcements

reasons why a systems company is unlikely to buy an optical company
a) systems companies all spun out their optical subsidiaries pre-bubble or during the telecom bubble
b) premise is to "realize public value" of these businesses
c) additional premise is to allow optical companies to sell to many different system vendors & carriers and therefore address a larger market. if the optical company is in-house then they can typically only sell to the in-house customer and not external
d) Ciena would rather buy from many suppliers than support the R&D for an in-house optics team


]]> http://seekingalpha.com/article/82940-in-the-cat-bird-seat-a-review-of-emcores-business?source=feed#comment-196042 196042
I hope that their solar piece is true, but I have no information in that regard. All I know, is that their fiber optics piece is not a positive addition.]]> Mon, 30 Jun 2008 13:44:20 -0400
I hope that their solar piece is true, but I have no information in that regard. All I know, is that their fiber optics piece is not a positive addition.]]> http://seekingalpha.com/article/41981-notables-from-the-pmc-sierra-q207-conference-call?source=feed#comment-92005 92005
note that none of this has direct bearing on PMCS, but rather on general market trends

Call For Interest Material
www.ieee802.org/3/cfi/...

Market Drivers for 100 Gigabit Ethernet
www.ieee802.org/3/hssg...]]> Tue, 24 Jul 2007 10:53:07 -0400
note that none of this has direct bearing on PMCS, but rather on general market trends

Call For Interest Material
www.ieee802.org/3/cfi/...

Market Drivers for 100 Gigabit Ethernet
www.ieee802.org/3/hssg...]]> http://seekingalpha.com/article/18283-finisar-meets-luxtera-at-gilder-telecosm?source=feed#comment-70328 70328
FNSR is in the midst of a squeeze as low cost high volume optical module shops from Asia provide constant pressure, while at the high end they have had little to no success at 10G modules. This is why it is critical for them to continue to invest in 10G and other markets. Of course good companies tend to use challenges such as this as a mechanism to develop new expertise and remain market leaders -- it remains to be seen if FNSR can do this, but they have a better chance than other public optical module companies.]]> Mon, 16 Oct 2006 15:27:35 -0400
FNSR is in the midst of a squeeze as low cost high volume optical module shops from Asia provide constant pressure, while at the high end they have had little to no success at 10G modules. This is why it is critical for them to continue to invest in 10G and other markets. Of course good companies tend to use challenges such as this as a mechanism to develop new expertise and remain market leaders -- it remains to be seen if FNSR can do this, but they have a better chance than other public optical module companies.]]>