Wednesday, August 5, 2009

Triquint 10Q

New litigation: "On July 23, 2009, the Company filed a complaint in the United States District Court for the District of Arizona against Avago Technologies Limited, Avago Technologies U.S., and Avago Technologies Wireless IP (collectively, “Avago”). Avago sent letters to the Company’s customers advising them that Avago owns certain U.S. patents (“Avago patents”) identified in the letter. Avago’s letters further stated that Avago has not licensed its patents to any competitors, and that if customers purchase certain radio frequency products from suppliers other than Avago, they will not be protected against Avago’s patents. The Company’s complaint seeks a declaration that the Avago patents are invalid and that no TriQuint products infringe them. The Company’s complaint also alleges that certain Avago products infringe on certain of TriQuint’s U.S. patents. Avago has not yet filed an answer to the Company’s complaint." Editors note: The patents cited in complaint are US 6,879,224; 6,472,954; 6,262,637; 6,384,697; 6,114,635; 5,231,327; 5,894,647

Growth markets: "We experienced 33% overall revenue growth in the second quarter of 2009 compared to the second quarter of 2008, lead by handset growth of 77% and defense & aerospace growth of 41%. The handset growth is primarily attributable to strong growth in 3G and EDGE product revenues with an increase of 195% for the second quarter of 2009 compared to 2008."