Fourth Quarter 2011 results for On Semiconductor
Ok, so I've fallen a bit behind on things so there will be a bunch of these coming fast and furious. The first one I'm going to address it On Semiconductor. On reported a couple weeks ago now with results that beat street expectations of $0.09 by $0.04 for earnings of $0.13 per share. This is a pretty handy beat, considering the impacts of the Thai floods on some of the Factories ONNN recently acquired from Sanyo. The 4th quarter was riddled with closed factories and shifting work streams from those factories to other locations. If there's any kind of positive to take from this event and the pains it put on the company, it'd be the fact that these issues happened at a time when product cycles were actually near their worst. Customers had a glut of product and demand was lower than normal over the last half of the year, but is now seen to be picking up and falling into normal cycles again - just in time for ONNN to have all of their facilities up and ready (early