My favorite buying point is the weeks after an IPO starts hot, and then starts falling. Used the same method to catch big moves in other IPOs.
ISIL found good support in mid 40s and is now moving up. I bought at 51.
It would have gone much higher on the initial pop. But it was a fairly large IPO with 20 million shares.
"Intersil is a leading component supplier serving the explosive wireless local area networking (WLAN) market. "We believe by offering a complete chipset solution, Intersil is the most well positioned supplier to capitalize on this rapidly emerging market. We estimate a 70% CAGR for Intersil's WLAN components, growing to $132 million in 2002, up from $26.5 million in 1999," said Mahon.
Intersil has developed numerous long-term customer relationships with industry leaders such as Cisco, IBM, Nokia, Nortel, Sony, HP, 3Com, and Motorola. "We believe communications revenues will represent approximately 65% of revenues by 2002, up significantly from less than 40% of revenues in 1999," stated Mahon. "
MIKE |
