盈利的独特语言

Seven-day webcast replays are expiring everywhere as earnings season comes to an end.

If you're a regular listener of corporate earnings calls, you know how it goes: the drone of the well rehearsed scripted section, the Q&A where analysts pick a favorite word and make it the theme of the call, and the one analyst who expertly packs a twelve-part question into the last 60 seconds, as listeners’ fingers hover over the “end” button.

让我们现在将注意力转向最令人兴奋但经常被忽视的盈利特征：隐喻。

隐喻地说

无论如何都有常见的共性，无论你遵循哪个行业，还看着这个季节的成绩单，它都似乎我们拥有许多独特的隐喻。在真正的RF时尚时，它们整齐地包装成类别：

• Weather- 如同在“我们在无线网络中的智能手机市场和Tailwinds的逆风平衡，”我们预测了一个有利盟的季度。“华尔街日报knows these well.
• Sports- 如同，“我们在5克的早期局，但随着现场试验艰难地运行，我们正在追踪一旦标准拆除公园。”
• Automotive——如,“我们专注于高增长段驱动器alignment with the connected home and other markets gaining traction to accelerate our overall growth."
• 建造— As in, "Filter design talent is the foundation for building a core competency in integrated modules and paving the way for future marquee smartphone designs."

Fire, gardening, sailing … the list of metaphors goes on. If not said during the scripted session, these metaphors seem to pour out of the mouths of the analysts listening in. All is well and good until we start mixing so many metaphors we end up with no less than four in a single sentence. As an analyst once opined,

“虽然单位逆风和库存燃烧可能会对结果进行重量，但我们相信我们在周期的槽中，并期望RF基本面改善。”

Now there's a sentence that only an analyst can understand.

rf的趋势

Metaphors aside, there are certain terms we're hearing more prevalently on today's earnings calls. These terms reflect the trends of most interest to investors and the industry, and tracking them gives us a glimpse at the current and future state of RF.

• 1188betasia — As in the solutions to complex interference challenges that prevent signals transmitted and received from interfering with one another.
• 载波聚合和MIMO- 与结合频率以提高数据吞吐量并最大化贵射频频谱的技术。
• 5G— As in the next generation of cellular networking that promises significantly faster data speeds and other improvements.
• Integration— As in the integration of multiple RF components into modules or systems on a chip (SoC) to offer a more complete RF solution.
• The Internet of Things (IoT)— As in devices that speak to other devices and systems, as well as utilize web intelligence to become smarter over time, both in consumer and industrial markets.
• 甘- 就在我即将到来的帖子中。

所以，你有它：rf收益调用......简而言之。（See what I did there?）

本文首先出现在布伦特的沉思on微波杂志。