Shannon,
ISSM has a good shot at controlling a brand new market
niche, that is high temperature high voltage rectifiers. There
are other possibilities for competition, namely silicon carbide
which could operate up to 600C. Right now, there is no alternative
(and no real market as of yet) for the ISSM parts. From a designers
point of view, there are a lot of possibilities.
VTSS has more possibilities for competition, but the
learning curve is steep. Fibre Channel is just coming on line,
with projections of factors of ten growth over the next few years.
Since VTSS had a loss a year ago from a customer going bankrupt,
their year on year growth rate will look phenomenal, but if take out
the special charges, I don't think you can justify a 200% growth
rate projection. I have held VTSS for over a year, getting in below
5. It is an excellent company with outstanding prospects, but
I have a hard time justifying it's current price.
TQNT and ANAD are more on the analog side of GAAS, with
wireless communications chips becoming more and more prevalent
in PCS type hardware, I suspect both are somewhat undervalued
at the present time.
I had STRM a couple of years ago, and got out way too
early. I suspect many of the comm companies are overpriced
these days, but it is hard to tell which ones. If CSCO
pulled back to the low 30s I would get back in to that,
I consider them the premier networking company.
Don |
