Tokeneke Research LLC
Semiconductor Industry Analysis and Insight for Investment Professionals
Chip Shot Archive
2/13/09, 3-pages.
3/10/09, 2-pages.
3/22/09, 2-pages.  
4/1/09, 2-pages.
4/12/09, 3-pages.  
12/9/11, 2-pages.
1/2/12, 1-page.
12/27/12, 1-page.  
Copyright 2019 Tokeneke Research LLC.  All rights reserved.
1/7/13, 2-pages.
1/8/13, 3-pages.
1/9/13, 1-page.
1/10/13, 1-page.
1/15/13, 2-pages.
1/16/13, 1-page.
1/27/13, 1-page.  
2/18/13, 1-page.
2/19/13, 1-page.  ISIL restructuring, TSRA mems|cam,
EXAR acquisition, MU entertainment.
2/20/13, 1-page.
2/21/13, 1-page.
2/22/13, 2-pages.
2/23/13, 2-pages.
2/25/13, 2-pages.
2/26/13, 1-page.  
2/27/13, 1-page.  
2/28/13, 2-pages.  
3/6/13, 3-pages.  28nm euphoria yields +8+12%
revenue CAGR, but valuation not compelling.
3/7/13, 1-page.
3/8/13, 1-page.
3/9/13, 1-page.
3/13/13, 1-page.
3/14/13, 1-page.
3/15/13, 1-page.
3/21/13, 1-page.
3/30/13, 1-page.
2009-2012
2013
2014
4/14/13, 1-page.
4/15/13, 1-page.
4/18/13, 2-pages.
4/22/13, 1-page.
4/26/13, 1-page.
4/30/13, 1-page.
5/22/13, 1-page.
6/14/13, 4-pages.
7/16/13, 1-page.
7/17/13, 1-page.
7/22/13, 1-page.
3/13/14, 1-page.
3/14/14, 1-page.
3/17/14, 1-page.
3/18/14, 1-page.
3/20/14, 1-page.
3/24/14, 1-page.
3/26/14, 1-page
3/27/14, 1-page.
3/28/14, 1-page.
3/31/14, 1-page.
4/1/14, 1-page.
4/3/14, 1-page.
4/10/14, 1-page.
4/16/14, 1-page.
4/17/14, 1-page.  
9/10/14, 1-page.  DIOD narrows the range on 2Q after
MXL preannounces an expected shortfall.
9/16/14, 1-page.  ENTR 3Q shortfall from settop boxes
prompts evaluating strategic alternatives.
9/19/14, 1-page.  TXN ups dividend, AMD deal with
SNPS, ACTS Dutch Tender offer, QRVO is born.
9/24/14, 1-page.  Consensus may be overly optimistic.   
Near-term risk, but reiterate Buy.
10/6/14, 1-page.  EZCH 3Q shortfall bad news; MXL
acquisition looks good.
10/7/14, 1-page.  Good news, although I am ambivalent
on the shares and seasonality is turning negative.
10/8/14, 1-page.  Bad news, although it may create an
opportunity after the dust settles.
10/9/14, 1-page.  Good news for EXAR and AMD, but
OIIM is discouraging.
10/10/14, 1-page.  Bad news for both MCHP and the
industry.
10/13/14, 1-page.  I expect the chip sector to meet 3Q
expectaions but offer disappointing 4Q guidance.
10/14/14, 1-page.  Good news from SWKS.  I expect
INTC in-line with a downside bias to guidance.
10/15/14, 1-page.  Good news for QCOM as it adds  
Bluetooth, but bad news for LLTC.
10/20/14, 1-page.  I expect 3Q earnings and 4Q
guidance to largely meet expectations.  Reit Hold.
10/22/14, 1-page.  BRCM 3Q great, but outlook is light.  
HIMX drama with GOOG is an opportunity.
10/30/14, 1-page.  Revenue upside unlikely, but EPS
protected by a richer mix of consumer.  Reiterate Buy.
11/19/14, 1-page.  MTSI earnings good, but acquisition
is not cheap.  QRVO = RFMD + TQNT someday . . .
11/20/14, 1-page.  SMTC F3Q disappointing, but hard
NOT to be impressed by QCOM.
11/21/14, 1-page.  MRVL F3Q miss may be an
opportunity.  No surprises at INTC, but dividend raised.
11/26/14, 1-page.  ADI F4Q exceeds, but seasonally soft
guidance is slightly short of expectations.
12/2/14, 1-page.  I expect OVTI to exceed due to
modest expectations and Chinese handset strength.
2015
1/6/15, 1-page.  I expect MU to generally meet
somewhat optimistic consensus expectations.
1/13/15, 1-page.  I expect INTC to meet or slightly
exceed appropriately constrained expectations.
1/14/15, 1-page.  Revenue was light, but EPS was good
and guidance was better.
1/21/15, 1-page.  AMD's 4Q was okay, but 1Q guidance
is very weak.  Worth a gander, nonetheless.
1/26/15, 1-page.  I expect TXN to largely meet
restrained expectations.  Reiterate Hold.
1/27/15, 1-page.  For $7.30 per share in cash.  Great
deal for LSCC, and not a bad one for SIMG.
10/19/16, 1-page.
10/19/16, 1-page.
10/20/16, 1-page.
10/21/16, 1-page.
10/25/16, 1-page.
10/21/16, 1-page.
10/25/16, 1-page.
12/22/16, 1-page.
2016
10/19/16, 1-page.
10/19/16, 1-page.
10/20/16, 1-page.
10/21/16, 1-page.
10/25/16, 1-page.
10/21/16, 1-page.
10/25/16, 1-page.
12/22/16, 1-page.
12/28/12, 1-page.
12/17/12, 3-pages.  FBAR, VCSEL and SerDes
proprietary technology.  Buy on weakness.
2017
1/13/17, 1-page.
1/18/17, 1-page.
1/20/17, 1-page.