To All, here's an interesting article that I think you will want to read:
Power-One Expects Sales to Rise
Two-Thirds This Year (Update3)
By Jonathan Berr
Camarillo, California, June 28 (Bloomberg) -- Power-One Inc.,
which makes devices that control electric current, expects sales to
rise about two-thirds this year as networking companies seek to
prevent costly malfunctions caused by power surges and outages.
Sales will reach $460 million to $470 million, Chief Financial
Officer Ed Schnopp said. That's up from $282 million last year,
including results from two recent acquisitions.
The company's products adjust voltage levels and convert
alternating current to direct current to run telecommunications
systems. Cisco Systems Inc., the No. 1 maker of computer-
networking equipment, is Power-One's biggest customer.
`` They really have a full range of products for communications
customers,'' said James Savage, an analyst with Thomas Weisel
Partners LLC, who rates Power-One ``strong buy.'' ``There are
very few companies that have those capabilities.''
Power-One shares fell 8 11/32, or 7.4 percent, to 105 1/32.
They've surged more than eightfold in the past year.
The company, based in Camarillo, California, has won some
customers away from Lucent Technologies Inc., the biggest
phone- equipment maker, analysts say.
Lucent is selling its power-systems unit, which had sales of $1.2
billion last year, to focus on faster-growing businesses such as
fiber optics.
``We expect to see a near doubling of (Power-One's) backlogs
from the prior quarter,'' said Keith Dunne, an analyst with
Robertson Stephens & Co. who rates the shares ``buy.''
Stock Bull
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