Lattice: When Semiconductors and Auction Rate Securities Collide [View article]
Judy,
Why is LSCC being singled-out for having illiquid ARS? LSCC is an extremely liquid company even if it has to completely write off these securities. Also, the "shrinking margins" are the indirect result of a very good thing that is happening at LSCC. Namely, the margin drop is caused by the initial lower margins of their latest chips whose sales were up over 111% yoy and 42% sequentially. These new chips now comprise over 30% of sales.
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Latest | Highest ratedLattice: When Semiconductors and Auction Rate Securities Collide [View article]
Why is LSCC being singled-out for having illiquid ARS? LSCC is an extremely liquid company even if it has to completely write off these securities. Also, the
"shrinking margins" are the indirect result of a very good thing that is happening at LSCC. Namely, the margin drop is caused by the initial lower margins of their latest chips whose sales were up over 111% yoy and 42% sequentially. These new chips now comprise over 30% of sales.