UPDATE 2-Skyworks Q2 results beat Street view, sees strong Q3

Thu Apr 23, 2009 11:26pm BST
 
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* Q2 adj EPS $0.12 vs est. $0.10

* Q2 rev down 14 pct

* Sees Q3 adj EPS $0.14 vs est. $0.12 * Sees Q3 rev up 5 pct sequentially (Adds details, CEO comments, updates share movement)

By Bijoy Anandoth Koyitty

BANGALORE, April 23 (Reuters) - Cell phone chipmaker Skyworks Solutions Inc (SWKS.O) reported better-than-expected quarterly results, mainly helped by increasing demand for smartphones and push-to-talk applications.

The diversification strategy of entering and expanding in high-margin markets such as smartphones and analog product catalogue business has helped, Chief Executive David Aldrich said in an interview.

Market-share gains in third-generation (3G) mobile services and among smartphone suppliers, and strength in emerging markets such as China, India and Central America would drive growth for Skyworks in the next one year, Aldrich said.

Skyworks, whose customers include Sony Ericsson and Samsung Electronics Co Ltd (005930.KS), gets almost three-fourths of its revenue from handset business.

It competes with RF Micro Devices Inc (RFMD.O), Anadigics Inc (ANAD.O) and TriQuint Semiconductor Inc (TQNT.O) in the mobile platform space.  Continued...

 

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