Dale, another 50% candidate:
Started a position in Maker Communications (MAKR). I like the market they are in and the fact that they are starting to make money, tho mainly from interest income derived from IPO in May. Here is a snap shot of the company:
Founded in 1994, Maker Communications, Inc. is a fabless semiconductor company that designs, develops and markets
high-performance programmable communications processors, development tools and application software for use in a variety of communications systems including routers, switches, edge devices and access products. MAKR focuses on emerging high growth segments of the communications systems market that require sophisticated traffic management and internetworking. The company's MXT3010 Cell Processor and related software target the high performance segment of the ATM market. The recently announced MXT4000 Traffic Stream Processor family and related software will address both IP-based and ATM equipment markets. Maker Communications is based in Framingham, Massachusetts, and on the Web at maker.com.
Customers include market leaders Ascend Communications, Bay Networks, Cisco Systems, Fore Systems, General Datacomm, Lucent Technologies, Newbridge Networks, Nortel Networks, 3Com Corporation and Xylan Corporation.
Brief History:
10/94 Maker Communications founded by Bill Giudice and Paul Bergantino (Formerly in LSI Logic)
5/95 Initial funding by Level One Communications
3/96 Shipped first engineering samples of MXT3010 Cell Processor
9/96 First round venture financing of $8.7M by Bessemer Ventures and Greylock Management
4/97 Shipped first engineering samples of MXT3020 Circuit Coprocessor
9/97 Released CellMaker-622 OC-12 SAR Software
10/97 Second round venture financing of $10.2M by Weiss, Peck & Greer and Norwest Venture Capital
9/98 Announced AccessMaker integrated voice and data interworking solution for the MXT3010/MXT3020
3/99 Announced the MXT4400 Traffic Stream Processor
5/99 Maker Communications became a publically traded company
7/99 Announced first profitable quarter with sales jumping 112% Q/Q and 13% sequential biz.yahoo.com
Some interesting facts:
- Substantial block trades being reported in the last few trading weeks
- Upgrade/downgrade actions by the underwiters:
biz.yahoo.com
6/7/99 Coverage initiated by 4 after quiet period
7/8/99 Downgrade by 3
8/2/99 Upgraded by 2
Today's action turned positive at end of day.
I am in at 25 7/8 and target for a 50% before year-end.
In addition, I also have these as my Net Infrastructure plays: PDYN, NETE, BVSN, SILK, VRIO.
Thread readers, please do your DD before investing.
RT |
