didn't want to say anything but i saw this off of Yahoo; don't know who these guys are or even if they're a valid source of analysis but here goes:
<<August 29, 2000
Daniel Beisiegel, Chief Analyst/Head Portfolio Manager, of Illuminant Industries®, has initiated coverage on Alpha
Industries Incorporated (Nasdaq: AHAA) with a ST (Short Term) Buy rating and 3-month price target of $68.
We are initiating coverage of Alpha Industries Incorporated with a ST (Short Term) Buy rating. Alpha Industries designs and
manufactures a broad range of products for microwave and radio frequency wireless communications applications. Their
Application Specific Products (ASPs) segment provides a broad range of gallium arsenide (GaAs) and silicon devices to
satellite, instrumentation, defense and other communications markets.
Alpha Industries recently expanded its relationship with two leaders (Nortel and Adaptive Broadband) in the high-speed
broadband and wireless Internet markets. We feel the company should be able to capture additional market share through
its industry leading millimeter wave applications. The millimeter wave applications are an emerging area of broadband,
high-capacity data wireless services, such as Internet access. Systems operating in this frequency range must use GaAs.
Our Fiscal Year 2000 EPS estimate for the combined company is $0.95, and our Fiscal Year 2001 EPS estimate is $1.31.
Both of which we feel are conservative based on the strength of future demand estimates for Alpha Industries products in the
high-speed broadband and wireless Internet markets.
Illuminant Industries® is a private investment and venture capital partnership. Since its founding, the firm has been providing
innovative services and exemplary investment advice to a select group of investors. The firm's office is located in the heart of
Tulsa, Oklahoma's southside, and has plans to expand to another two locations by 2003.
Investments made through Illuminant Industries®: (1) are not insured by the FDIC; (2) are not deposits or other obligations
of, or guaranteed by Illuminant Industries®, Illuminant LLC® or any of its affiliates; (3) are not guaranteed by any Federal
governmental agency (excluding U.S. Government and federal agency securities); (4) and are subject to investment risks,
including possible loss of principal amount invested.
The study on these pages is not a complete analysis of every material fact regarding any company, industry or security. The
opinions expressed herein reflect the judgment of the author at this date and are subject to change without notice. Facts have
been obtained from sources considered reliable, but are not guaranteed. Illuminant Industries®, its directors and employees
and their families may have a position in the securities of the companies described herein, and may make purchases or sales
while this report is in circulation. Additional information is available upon request. >> |
