Q3 2003 Cirrus Logic Financial Results Conference Call Summary - Thomson StreetEvents

Q3 2003 Cirrus Logic Financial Results Conference Call Summary

Q3 2003 Cirrus Logic Financial Results Conference Call Summary - Thomson StreetEvents
Q3 2003 Cirrus Logic Financial Results Conference Call Summary
Published Jan 22, 2003
11 pages (4805 words) — Published Jan 22, 2003
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CRUS.OQ earnings conference call or presentation 22-Jan-03 10:00pm GMT

  
Brief Excerpt:

...CRUS saw customer push-outs and cancellations of orders towards the end of 3Q03, as they realized that the anticipated Christmas holiday sell-through was not going to materialize....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Cirrus Logic Inc
Ticker
CRUS.OQ
Time
10:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Mark Grossman - SG Cowen - Analyst : Dave, you mentioned before that the game console contract might potentially end, I guess, in a few months. Can you talk about when you're likely to know whether or not that will happen and how confident are you that you're going to keep that or not?

Question: Mark Grossman - SG Cowen - Analyst : Okay. Assuming that revenues don't pick up, is there still room to cut expenses beyond the 65, 69 million break-even, or what are your plans there?

Question: Mark Grossman - SG Cowen - Analyst : Okay. The last thing, on that DVD encoder what are the price points for encoder chips these days?

Question: Mark Grossman - SG Cowen - Analyst : Okay, great. Thanks a lot.

Question: Unidentified Speaker - Salomon Smith Barney - Analyst : [indiscernible] for Jon. Hi. In regards to your guidance for the next quarter, where do you expect the declines to primarily come from, or are they pretty much broad-based?

Question: Unidentified Speaker - Salomon Smith Barney - Analyst : Okay, can you give some ¡ can you characterize the pricing environment?

Question: Unidentified Speaker - Salomon Smith Barney - Analyst : Thank you very much.

Question: Larry Green - [Maple Grown] Management - Analyst : If at all possible, could I get a little more color on the weakness that you saw in audio? Maybe some specifics on ¡ was it more toward the MP3 side or maybe toward the home entertainment system? Maybe a little more color there.

Question: Larry Green - [Maple Grown] Management - Analyst : Okay. Do you guys still have 50% market share in the MP3 side? Or what do you think has happened there? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies.

Question: Larry Green - [Maple Grown] Management - Analyst : Okay. You gave some growth statistics for the MP3 players that looked pretty impressive, 7 million units this year going to 24 million in '06, what are you thinking for '03?

Question: Larry Green - [Maple Grown] Management - Analyst : Okay. One more question for you. You were talking about the DVD+RW business, are you targeting the PC side on that, or just the sit-top box side?

Question: Larry Green - [Maple Grown] Management - Analyst : Okay, and you think that the potential is for $25 in content in those boxes?

Question: Larry Green - [Maple Grown] Management - Analyst : And who do you compete with, or who would you consider you compete with in the DVD+RW and the PVR side? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies.

Question: Larry Green - [Maple Grown] Management - Analyst : Okay. Thank you.

Question: Jenny Lejor - Pacific Growth Equities - Analyst : Hi, this is actually Jenny Lejor, on behalf of Brian Alger. I'm just wondering if you could break out for Q3, your audio business a little further?

Question: Jenny Lejor - Pacific Growth Equities - Analyst : Okay.

Question: Orrin Hirschman - Hirschman & Company - Analyst : Hi. Can you indicate what's really been the dynamic for the MP3 market and what can get it growing again?

Question: Orrin Hirschman - Hirschman & Company - Analyst : Is it still the same competitors in that market? Any new dynamics?

Question: Orrin Hirschman - Hirschman & Company - Analyst : Do you think [miconit] is still fighting it out there, or they let it go?

Question: Orrin Hirschman - Hirschman & Company - Analyst : On the DVD player and the combo PVR DVD recordable, in particular, what do you think are the key features that are going to make the difference and does that narrow down the competition dramatically for you, in terms of those key features?

Question: Orrin Hirschman - Hirschman & Company - Analyst : That solution is how many chips and is there a roadmap to get it down to a single chip solution? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies.

Question: Orrin Hirschman - Hirschman & Company - Analyst : And, finally, can you just comment on some of the other markets, like [seismic], etc. and how it's [inaudible].

Question: Orrin Hirschman - Hirschman & Company - Analyst : Okay. Thanks so much.

Table Of Contents

Cirrus Logic Inc at KeyBanc Capital Markets Future of Technology Series (Virtual) Transcript – 2020-08-11 – US$ 54.00 – Edited Transcript of CRUS.OQ presentation 11-Aug-20 7:20pm GMT

Cirrus Logic Inc Q1 2021 Earnings Call Transcript – 2020-08-03 – US$ 54.00 – Edited Transcript of CRUS.OQ earnings conference call or presentation 3-Aug-20 9:00pm GMT

Cirrus Logic Inc Annual Shareholders Meeting Transcript – 2020-07-31 – US$ 54.00 – Edited Transcript of CRUS.OQ shareholder or annual meeting 31-Jul-20 4:00pm GMT

Cirrus Logic Inc at Stifel Cross Sector Insight Conference Transcript – 2020-06-08 – US$ 54.00 – Edited Transcript of CRUS.OQ presentation 8-Jun-20 6:40pm GMT

Q3 2003 Cirrus Logic Financial Results Conference Call Transcript – 2003-01-22 – US$ 54.00 – Edited Transcript of CRUS.OQ earnings conference call or presentation 22-Jan-03 10:00pm GMT

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MLA:
Thomson StreetEvents. "Q3 2003 Cirrus Logic Financial Results Conference Call Summary" Jan 22, 2003. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2003-Cirrus-Logic-Financial-Results-Conference-Call-B689535>
  
APA:
Thomson StreetEvents. (2003). Q3 2003 Cirrus Logic Financial Results Conference Call Summary Jan 22, 2003. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2003-Cirrus-Logic-Financial-Results-Conference-Call-B689535>
  
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