Position doing the winning: current wins credited to a standing already held, with more arriving over it
The model's full reasoning — Q3 2018 call → NOThe question asks whether management explains current business wins as flowing from a standing the company already holds, and whether further business is arriving over that same standing without a proportional new push. Let me examine the transcript for evidence of this pattern. Key areas where management discusses current wins: 1. **Silicon Carbide (SiC)**: Jean-Marc says "we are now working on more than 30 Silicon Carbide projects across the world with carmakers and Tier 1 suppliers. We are ready to capture an important part of this market, which is estimated to be about $3 billion in 2025." This is about future market capture, not current wins flowing from a standing. Also, the $100 million revenue from SiC this year is mentioned, but the 30 projects are described as "consistent with our mission to be a leader" — this seems more aspirational/future-oriented. 2. **Imaging**: "we had a number of design wins with our Time-of-Flight sensors, motion sensors, power management ICs, and low-voltage motor drivers" — these are described as design wins in the quarter, but the cause isn't attributed to a standing the company already holds; it's just listing wins. 3. **Automotive**: "we won a power management slot for 77 gigahertz radar system" — again, a win, but not attributed to a standing. 4. **MDG/Microcontrollers**: The weakness is discussed, not wins. 5. **Power Discrete**: "we can confirm that we see upside on the right levels" regarding pricing — this is about pricing, not about a standing generating wins. 6. **AMS**: "we had anticipated second half 2018 operating margins to move into the mid-teens, as we benefit from (6:24), specifically from smartphone applications" — this is about benefiting from smartphone applications, but the cause isn't clearly a standing. Let me look for the specific pattern: management crediting current wins to a durable standing that predates the period, and conveying that more business is arriving over that same standing. Looking at the discussion of Silicon Carbide: "we are now working on more than 30 Silicon Carbide projects" — these are current projects, but the cause isn't described as a standing. The market is estimated at $3 billion in 2025 — that's future. Looking at the discussion of the automotive business: "Our coverage in Automotive is very broad.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| NICE | NICE Ltd. | Q4 2023 | 2024-02-22 | B+ |
| ACGL | Arch Capital Group Ltd. | Q4 2023 | 2024-02-15 | B+ |
| CHT | Chunghwa Telecom Co., Ltd. | Q4 2023 | 2024-01-30 | C |
| IMAX | IMAX Corporation | Q2 2023 | 2023-07-26 | B+ |
| SPIR | Spire Global, Inc. | Q1 2023 | 2023-05-10 | B |
| FTHM | Fathom Holdings, Inc. | Q1 2023 | 2023-05-10 | C |
| BXSL | Blackstone Secured Lending Fund | Q1 2023 | 2023-05-10 | A |
| POOL | Pool Corporation | Q4 2022 | 2023-02-16 | C+ |
| EXFY | Expensify, Inc. | Q2 2022 | 2022-08-12 | D |
| HLIO | Helios Technologies, Inc. | Q1 2022 | 2022-05-10 | C |
| BXP | Boston Properties, Inc. | Q1 2022 | 2022-05-03 | A |
| GFS | GLOBALFOUNDRIES Inc. | Q3 2021 | 2021-11-30 | A |
| WMB | The Williams Companies, Inc. | Q3 2021 | 2021-11-02 | B |
| PRIM | Primoris Services Corporation | Q2 2018 | 2018-08-11 | C+ |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| ROK | Rockwell Automation, Inc. | Q4 2017 | 2017-11-08 | C |
| MKTX | MarketAxess Holdings Inc. | Q3 2017 | 2017-10-25 | C+ |
| LEA | Lear Corporation | Q2 2017 | 2017-07-26 | B+ |
| HPP | Hudson Pacific Properties, Inc. | Q4 2015 | 2016-02-25 | C |
EXFY · Q2 2022 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management crediting their pre-existing bottom-up adoption model and differentiated platform position (already in place since day one, with SMB focus and unique acquisition mechanics) as the operative cause of current wins. This is evident in statements like the model being "overwhelmingly driving the success of our business" and competitors routing customers to them due to the same standing. Further business is conveyed as already arriving through the same position, with trends continuing and the best quarter ever achieved on that foundation, even as they note additional investments in sales and conferences.
FTHM · Q1 2023 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and if more business is arriving over that same standing without...YES The transcript shows management crediting the company's pre-existing low-cost flat-fee model, owned technology, and culture-driven retention as the durable standing already in place that is generating current wins (market share gains, 18% agent growth, 60% of March referrals, and transaction resilience vs. peers). They describe these as flowing directly from that standing rather than fresh effort, while conveying continuation through the referral program's ongoing positive impact and the model's ability to draw more agents without proportional new marketing push.
ORAN · Q2 2018 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management repeatedly tying current wins (net adds, ARPU growth, EBITDA expansion) directly to a pre-existing durable position: the #1 convergent operator status already achieved through prior leadership in fixed/mobile networks and fiber rollout, plus the installed base of 10.