Update: Signs of a recovery emerging
While CML’s business contracted significantly in H1, this was as expected. Trading recovered steadily over the course of the period, the order book is up meaningfully year-on-year and the company looks well on track to meet our full year estimates. Progress in securing wireless chipset customers and broadening the storage portfolio should support a return to operationally geared growth in FY16.CML Microsystems designs, manufactures and markets mixed-signal and Radio Frequency semiconductors, primarily for global communication and solid state storage markets. Co.'s Hyperstone-branded products application areas include industrial flash memory cards, solid state drives and embedded storage with key end markets that include telecoms/network infrastructure, industrial, automation, in-vehicle infotainment and the Industrial Internet of Things. Co.'s Incorporates Wireless & Wireline business provides voice and/or data communications products with key end markets that include voice centric mission/business communications as well as non-cellular wireless data communications.
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