This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Silicon Laboratories' CEO Presents At The Citi Technology Conference (Transcript)

Stocks in this article: SLAB

Silicon Laboratories (SLAB)

Citi Technology Conference

September 06, 2012 11:00 am ET

Executives

Tyson Tuttle - President and Chief Executive Officer

Paul Walsh - Senior Vice President and Chief Financial Officer

Analysts

Terrence Whalen - Citigroup

Presentation

Good morning. Welcome to Citi's Technology Conference Day Three. I am Terrence Whalen. I am Citi's Specialty Semiconductor Analyst. It's a pleasure to have Silicon Labs here today with us. With us from Silicon Labs is CEO, Tyson Tuttle, and also CFO, Paul Walsh. Welcome.

I think that format this morning will be that Tyson will start with a brief 10 or 15-minute presentation. I have got a couple of questions as well, and then we'll make sure that we have adequate time for audience questions as well, so Tyson, welcome.

Tyson Tuttle

All right. Thank you very much. Thank you, everybody, for attending. Get right into it here. Silicon Labs is a highly diversified company for its size. We've got about $500 million revenue last year. We're about a $600 million year run rate now. We had a record quarter in Q2 and guided up to recorded quarter in Q3, so we're growth company. We target about 15% CAGAR, 62% gross margin, 25% operating income, so we're highly profitable, a lot of discipline around cost and around margins within the company and where really the growth is propelled by product cycle, so we have a lot of growth in the portfolio, we've been investing a lot in that and have got 80% of our product portfolio today is in growth mode, and the diversification is really centered around a lot of different types of products. We'll get into more of that in a little bit spread across communications industrial and consumer applications, so going after lots of different markets and we'll get into that.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

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