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A note from the STMicro call -2

08:00 02-Nov-15


I got a chance to look over the transcript from the ST Microelectronics earnings call over the weekend, and it confirms the company's motion sensing chip in "the latest flagship model of Samsung Galaxy smartphones."  This possibility was anticipated in my notes from the 1st quarter, as management made it clear they had no need to engage in a price war.  As I mentioned more recently, InvenSense management's guidance has been the most accurate way to gauge future sales and they guided up, even while acknowledging this issue again in the most recent call.  Consequently, I think INVN should remain solid, especially given Samsung's already decreased share of sales.  It remains to be seen whether or not the media will even notice, and I continue to be more interested in the upcoming developer conference.