RFMD » Topics » RESEARCH AND DEVELOPMENT

This excerpt taken from the RFMD 10-Q filed Feb 5, 2009.

Research and Development

The decrease in research and development expenses for the three- and nine-months ended December 27, 2008 was primarily a result of the restructuring initiated in the first quarter of fiscal 2009 to reduce investments in wireless systems.

 

This excerpt taken from the RFMD 10-Q filed Aug 7, 2008.

RESEARCH AND DEVELOPMENT

Three Months Ended

Percentage

(In thousands, except percentages)

June 28,
2008

June 30,
2007

Change

Research and development

 $

51,354

 $

47,688 

7.7%

As a percent of revenue

21.4%

22.5%

   (1.1)ppt

The dollar increase in research and development expenses for the three months ended June 28, 2008 was primarily attributable to an increase in headcount and related personnel expenses as a result of our recent acquisitions, which was partially offset by a decrease in expenses resulting from our recent strategic restructuring.

This excerpt taken from the RFMD 10-Q filed Feb 7, 2008.

RESEARCH AND DEVELOPMENT

Three Months Ended

Nine Months Ended


(In thousands, except percentages)

December 29,
2007

December 30,
2006

Percentage
Change

December 29,
2007

December 30,
2006

Percentage
Change

Research and development

 $

53,921

 $

47,526

  13.5%   

 $

150,421 

 $

137,884

     9.1%

As a percent of revenue

20.1%

16.9%

3.2ppt

20.4% 

18.0%

2.4ppt  

The increase in research and development expenses for the three months ended December 29, 2007 was primarily attributable to the acquisition of Sirenza as well as our increase in headcount and related personnel expenses related to the continued growth in the development activities associated with our total radio chipset developments.  The increase in research and development expenses for the nine months ended December 29, 2007 was primarily attributable to the acquisition of Sirenza and our increase in headcount and related personnel expenses related to the continued growth in the development activities associated with our total radio chipset developments, which were partially offset by the decrease in expenses resulting from the sale of substantially all of our Bluetooth® assets during the third quarter of fiscal 2007.  In addition, our development of flip chip assembly, integrated RF shielding and micro-electro-mechanical systems (MEMS) contributed to increased expenses during the first nine months of fiscal 2008.  We expect that research and development expenses will continue to increase in absolute dollars in future periods.

This excerpt taken from the RFMD 10-Q filed Nov 2, 2007.

RESEARCH AND DEVELOPMENT

Three Months Ended

Six Months Ended

(In thousands,
except percentages)

September 29,
2007

September 30,
2006

Percentage
Change

September 29,
2007

September 30,
2006

Percentage
Change

Research and
   development


$


48,812     


 $


46,473     


      5.0%   


 $


96,500      


 $


90,359     

     
 6.8%

As a percent of revenue

19.1%

18.8%

0.3ppt

20.6%  

18.6%

    2.0ppt

The increase in research and development expenses for the three and six months ended September 29, 2007 was primarily attributable to our increase in headcount and related personnel expenses related to the continued growth in the development activities associated with our cellular solutions products.  These increases were partially offset by the decrease in expenses resulting from the sale of substantially all of our Bluetooth® assets during the third quarter of fiscal 2007.  In addition, our development of flip chip assembly, integrated RF shielding and micro-electro-mechanical systems (MEMS) contributed to increased expenses during the first six months of fiscal 2008.  We expect that research and development expenses will continue to increase in absolute dollars in future periods.

This excerpt taken from the RFMD 10-Q filed Aug 9, 2007.

RESEARCH AND DEVELOPMENT

Three Months Ended

Percentage

(In thousands, except percentages)

June 30, 2007

July 1, 2006

Change

Research and development

 $

       47,688 

 $

      43,885 

            8.7%

As a percent of revenue

22.5%

18.4%

4.1 ppt

The dollar increase in research and development expenses for the three months ended June 30, 2007 was primarily attributable to our increase in headcount and related personnel expenses related to our cellular solutions products, which was partially offset by the decrease in expenses resulting from the sale of the majority of the assets associated with our Bluetooth® business, during the third quarter of fiscal 2007.  In addition, our development of flip chip assembly and integrated RF shield manufacturing technologies as well as our development of micro-electro-mechanical systems (MEMS) has contributed to increased expenses during the first quarter of fiscal 2008.  Research and development expenses as a percentage of revenue have increased during the first quarter of fiscal 2008 as compared to the first quarter of fiscal 2007 as a result of decreased revenue.  We expect that research and development expenses will continue to increase in absolute dollars in future periods.



 

 

 

 

15




This excerpt taken from the RFMD 10-Q filed Feb 7, 2007.

RESEARCH AND DEVELOPMENT

Three Months Ended
December 31,


Percentage

Nine Months Ended
December 31,


Percentage

(In thousands, except percentages)

2006

2005

Change

2006

2005

Change

Research and development

 $

47,526     

 $

38,650     

 23.0%     

 $

137,884     

 $

116,824     

 18.0% 

As a percent of revenue

16.9%

18.6%

(1.7)ppt

18.0%   

21.5%

(3.5)ppt  

The dollar increase in research and development expenses for the three and nine months ended December 31, 2006 was primarily attributable to our increase in headcount and related personnel expenses, including salaries and benefits related to our cellular chipset development efforts.  In addition, share-based compensation expense increased $1.0 million and $3.4 million for the three and nine months ended December 31, 2006, respectively, as compared to the three and nine months ended December 31, 2005, as a result of the adoption of SFAS 123(R) on April 2, 2006.  As expected, research and development expenses as a percentage of revenue have decreased as a result of increased revenue.  We expect that research and development expenses will continue to increase in absolute dollars in future periods.

22




This excerpt taken from the RFMD 10-Q filed Nov 8, 2006.

RESEARCH AND DEVELOPMENT

Three Months Ended
September 30,

 

Six Months Ended
September 30,

 

(In thousands, except
    percentages)


2006


2005

Percentage
Change


2006


2005

Percentage
Change

Research and
     development


 $


46,473     

 
$


39,461     


 17.8%   

 
$


90,359    


 $


78,174    


     15.6%

As a percent of
     revenue


18.8%


22.3%

  
 (3.5)ppt


  18.6%


23.2%


  (4.6)ppt

The dollar increase in research and development expenses for the three and six months ended September 30, 2006 was primarily attributable to our increase in headcount and related personnel expenses, including salaries and benefits related to our cellular chipset development efforts.  In addition, share-based compensation expense increased $1.3 million and $2.4 million for the three and six months ended September 30, 2006, respectively, as compared to the three and six months ended September 30, 2005, as a result of the adoption of SFAS 123(R) on April 2, 2006.  As expected, research and development expenses as a percentage of revenue have decreased as a result of increased revenue.  We expect that research and development expenses will continue to increase in absolute dollars in future periods.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki