Courtesy of Sweenoid10 Aug 2019 16:15
A Heartening Post
Could not be happier after listening to the Lumentum conference call :-) Their CEO was far more upbeat than in the previous 2 CC’s, in fact I am delighted. ????👍 A bit garbled as I am writing this in a rush , make of it what you will Where IQE supply Lumentum, Lumentum are extremely confident about future growth, his comments re world facing 3D sensing was music to my ears- confirming without naming Apple that Apple and a slew of the major smartphone companies WILL be employing that technology which of course uses significantly higher VCSEL content. The comments on 3D sensing were very very positive , obviously most of the big business will be done 2020-2021, but Lumentum obviously already know what will appear in the summer/ fall NEW PRODUCT LINES ACROSS THE BOARD FOR 3D sensing for ANDROID AND NON ANDROID CUSTOMERS , with inventory levels falling :-). Data centre and hyper scale business is now back on growth driven by 5G and the preparation for it- currently Lumentum can’t supply enough. CEO SAYS New chips for 3D sensing in 2020 will contain significantly higher VCSEL content because of world facing applications , because of this the ASP of chips will obviously increase, more than making up for any decline requisite in ‘volume’ production - this is PIVOTAL for IQE ....just think about it. Remember the acquisition of Oclaro means Lumentum is a significant customer for Photonics products utilising IQE’s Photonics wafers, the Photonics business is doing very well with forward transparency good. I will post a link to the CC when available, it’s worth a read. I have just abandoned the CC , why do analysts keep asking questions about Apple when it’s obvious they cannot be answered. I was also heartened by today’s comments from Himax As highlighted by me they have NOT been competitive in smartphone 3D sensing , they have finally admitted that!! However what’s great for IQE is that they are very positive for the non- smartphone 3D sensing market, particularly using TOF and again world facing applications. As is the case with AMS companies are now targeting and manufacturing VCSEL 3D sensing applications for automotive and industrial uses - very important , OBVIOUS and for most analysts not factored in at all hTtps://seekingalpha.com/pr/17597656-himax-technologies-inc-reports-second-quarter-2019-financial-results-provides-third-quarter Time to get back to the current book in the garden with a nice White Bergundy ,as it’s been a great afternoon for positive comments S
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