Jim,
Sorry I took so long to respond. Things have been hectic
here. CAMD specializes in Integrated Passive Electronic
Components. These are used on ICs that demand better performance
at a higher density resulting in lower cost for the chip
maker (saves real estate on the chip).
This is especially useful in high speed apps for workstations,
telecomm equip, test equip, and medical instrumentation.
They are also strategically involved with Hitachi Metals, Ltd.
HML owns 9% of the company. They are subsidiary of THE
Hitachi.
The competitors are Vishay, Rohm, Panasonic, Murata, TDK, and
USI. Most of these companies however are using older technology.
CAMDs proprietary materials and process technology put them
in a leadership position currently on the technology front.
The company also has EXCESS fab capacity right now which it
is profiting from by selling capacity to other semi companies.
CAMDs Book to Bill has been around 1.4,
The customers are AR&T,HP,Cisco,Motorola, and TI.
The only negative about this company is recent legal
concerns. Money has already been set aside and subtracted
from the books to settle this. The management was replaced
as a result of the legal problems.
If you are interested call Ira Weingarten in Equity
Communications for an investors packet. Her number
is (805) 897 - 1880.
I've been a shareholder for 6 mos. now and things are
looking good to me. BTW they did not suffer during any
of the recent downgrades or other bad semi news. Thats
a good sign to me.
Cheers,
Ken |
