In last night's earnings call, CEO Ralph Quinsey explained what it is about his radio controller chips that makes everybody from Motorola
For example, when Sprint Nextel
That's just one example of the complex signal talk that was a theme for the whole discussion. Management believes that nobody else sells cross-frequency integrated products quite like TriQuint's, so nobody else is equipped to deal with these problems. Not specialists SkyWorks Solutions
I don't have the technical qualifications to evaluate that statement (and if you do, please share your insights in the comments box below), but the financial results seem to back up Quinsey's words. In the second quarter, TriQuint grew sales by 23% year over year while also expanding margins across the board; the end result is GAAP earnings of $0.14 per share, up from $0.03 per share a year ago.
In Quinsey's view, the trend toward more smartphones serves TriQuint well. When you're packing multiple radio signal handlers into a single device, including 3G or 4G voice and data, GPS, Wi-Fi, Bluetooth, and so on, you get both multiple opportunities to land at least part of the design win -- and more of that lovely complexity that TriQuint does so well.
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Fool contributor Anders Bylund doesn't hold a position in any of the companies discussed here. Sprint Nextel is a Motley Fool Inside Value pick. Apple is a Motley Fool Stock Advisor choice. Try any of our Foolish newsletters today, free for 30 days.You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.