This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Micrel, Incorporated Q2 2010 Earnings Call Transcript

Overall, we believe we are doing good job controlling operating expenses while managing the significant growth we have achieved during the past several quarters. As the result, our second quarter operating margin expanded to 25.8%.

In addition, our share focus on working capital management continues to result an improvement in many of the key balance sheet metrics. During the second quarter, cash and short-term investments increased by nearly 21 millions to a balance of $104 million. Our second quarter cash flow from operations increased to nearly 27 million up significantly from approximately 18 million in the prior quarter.

Given our strong financial position, we are aggressively reinvesting in our business. R&D activates have resulted in the significant number of new products introductions that has significantly expanded our sales addressable market to include high growth opportunities in digital televisions, display backlight drivers, 3G and 4G communication network, computing and automotive, the named other few. We also remain focused on enhancing shareholder value and we announced in the press release this afternoon, we maintain our quarterly $0.035 cent per share dividend and continue to by back stocks through stock repurchases which more than offset dilution of stock option purchases.

With that let's now move on to closer look at Micrel second quarter financial details. Revenue in quarter totaled 73.9 million compared to 67.2 million in first quarter of 2010 and 51.8 million in the year ago period. To reiterate, the 10% sequential growth in the quarter was slightly below expectations primarily due to delinquencies within our supply chain had delayed some of our product shipments in the quarter, compared to the same period last year, revenues were higher by 22.1 million or 42.7% due to over -- high overall demands from customers in all geographies and end market as a result and the global recovery from the recent world wide economic slow down.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs