How Strong Is Actual Demand for Atheros Communications’ Wi-Fi Chipsets?
Atheros Communications, a leading designer of chipsets used in Wireless Local Area Network (WLAN) devices, put up a 13 percent gain in sales for the quarter ended September 30, resulting in a nearly three-fold rise in quarterly profits to $38.6 million. Notwithstanding the challenging economic environment worldwide, Craig Barratt, president and chief executive officer, boasted in the third-quarter earnings release that the strength and diversity of the company’s products enabled Atheros to achieve record top and bottom-line results. Unfortunately, in my opinion, Barratt’s comments spoke more to his magniloquence and hubris, and less to actual results. At a glance, Atheros’ financial performance suggests the company is weathering the downturn well, due to increasing acceptance for both newer 802.11 products…
0 Comments