Author Topic: SiLabs stock price JUMP  (Read 635 times)

0 Members and 1 Guest are viewing this topic.

Offline Bassman59Topic starter

  • Super Contributor
  • ***
  • Posts: 2501
  • Country: us
  • Yes, I do this for a living
SiLabs stock price JUMP
« on: October 27, 2021, 05:17:13 pm »
Dunno how many of you follow the casino called the stock market, but SiLabs' stock is up almost 22% TODAY.
 

Offline floobydust

  • Super Contributor
  • ***
  • Posts: 7678
  • Country: ca
Re: SiLabs stock price JUMP
« Reply #1 on: October 27, 2021, 05:35:57 pm »
Their earnings call came out, seemed okay. $185 million in Q3 revenue, growth of 39% year-on-year. Unless someone is acquiring them and it's insider trading?

Yet another wireless protocol, to mystify dumb investors. Watch out Zigbee LOL  :palm:
"In Q3, we also announced the xG23, the latest addition to our award-winning Series two wireless platform. The xG23 is a sub-gigahertz wireless SoC that brings an industry-leading combination of wireless range, energy efficiency and security. This new solution can operate over a mile for more than 10 years on a coin cell battery while supporting our industry-leading Secure Vault security features. And because it's from Silicon Labs, the xG23 supports a wide range of protocols, including Amazon Sidewalk, mioty, wireless M-Bus, Z-Wave and Proprietary IoT networks. It's the optimal feature set for a growing number of smart city and industrial deployments as well as home and commercial building automation. Next, we announced our unified software development kit, or Unify SDK, which brings a new level of interoperability between industry protocols. Silicon Labs is committed to simplifying wireless connectivity."
 

Offline Bassman59Topic starter

  • Super Contributor
  • ***
  • Posts: 2501
  • Country: us
  • Yes, I do this for a living
Re: SiLabs stock price JUMP
« Reply #2 on: October 27, 2021, 06:07:28 pm »
Their earnings call came out, seemed okay. $185 million in Q3 revenue, growth of 39% year-on-year. Unless someone is acquiring them and it's insider trading?

When I saw the headline, my first thought before RTFA was "somebody is buying them."

Quote
Yet another wireless protocol, to mystify dumb investors. Watch out Zigbee LOL  :palm:
"In Q3, we also announced the xG23, the latest addition to our award-winning Series two wireless platform. The xG23 is a sub-gigahertz wireless SoC that brings an industry-leading combination of wireless range, energy efficiency and security. This new solution can operate over a mile for more than 10 years on a coin cell battery while supporting our industry-leading Secure Vault security features. And because it's from Silicon Labs, the xG23 supports a wide range of protocols, including Amazon Sidewalk, mioty, wireless M-Bus, Z-Wave and Proprietary IoT networks. It's the optimal feature set for a growing number of smart city and industrial deployments as well as home and commercial building automation. Next, we announced our unified software development kit, or Unify SDK, which brings a new level of interoperability between industry protocols. Silicon Labs is committed to simplifying wireless connectivity."

Unify = vendor lock-in. I suppose I should be glad I do not do IoT.
 


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf