Investors may be starting to look at semiconductor stocks again. So maybe the delay in the new chip won't hurt things in terms of long term share price for simtek if the semi market heats up for the next couple of months and simtek performs to guidance. A couple of big ifs here. We will have to just wait and see. What I am looking for in terms of share price is a constant price between 1 and 2 dollars a share for this year. Higher would be nice but based on fundamentals(as a guess, a nickel a share in earnings with a pe of 20-40), I think this is definitely doable and if some of the things happen that have been predicted(some of the big orders for the new chips come in)we could do better.
Neal
[per Bloomberg]: ``The semiconductor industry looks like it's bottoming out,'' said Lee Wong-il, who oversees $500 million in South Korean equities as chief investment officer at HanaAllianz Investment Trust Management Co. in Seoul. Lee raised his technology shareholdings in December to above the representation in South Korea's Kospi index...
The MSCI Asia Pacific Information Technology Index jumped 2 percent, set for its biggest gain since Dec. 15. The index was the second-worst performing of 10 industry groups in MSCI's Asian benchmark last year, amid indications of slowing demand for computer-related products.
Samsung Electronics, the world's second-largest chipmaker, added 2.6 percent to 519,000 won. Hynix Semiconductor Inc., the world's No. 2 memory chipmaker, jumped 6.3 percent to 14,250 won.
Tokyo Electron, the world's the second-largest maker of semiconductor production equipment, climbed 3.3 percent to 6,500 yen. The shares surged 7.5 percent last week.
Third-quarter ``orders from Japan, Taiwan and South Korea were strong,' particularly for tools for making memory chips, Yukio Saeki, head of Tokyo Electron's accounting division, said at a news conference in Tokyo after the market closed Feb. 10 for a public holiday. The company also said it will double its dividend to 30 yen for the second half of this fiscal year.
bloomberg.com |
