Crazy Fools Chasing Stocks w/5-letter Symbols Ending in F Message Board

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Pastimes : Crazy Fools Chasing Stocks w/5-letter Symbols Ending in F

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To: ms.smartest.person who started this subject	10/13/2000 6:28:09 AM
From: ms.smartest.person	of 307

[FLTCF] FILTRONIC PLC FOREIGN UK (Article) Don't overlook nuggets in tech sell-off Catch a falling stock and put it in your pocket By Vince Heaney, FTMarketWatch 8:36:00 AM BST Oct 12, 2000 LONDON (FTMW) -- Tech stocks have taken a beating recently, but don't throw the baby out with the bathwater. Bear in mind that in a down market good stocks get pummelled along with the bad and some share price falls get overdone. <snip> U.K. semi-conductor stocks have also suffered. Those looking to buy shares hard hit in the recent slowdown might consider Filtronic PLC [UK:FTC]. Filtronic designs and manufactures microwave products and compound semi-conductors for cellular and broadband telecoms systems. The share price is currently around 880 pence, compared with a February high of 2,325. The shares have dropped about 30 percent in the last month and are now trading at similar levels to a year ago. Filtronic's profits have been hit this year by investment in a new semiconductor plant to build gallium arsenide (GaAs) chips. They are more expensive than conventional silicon but their properties make them ideal for the telecoms market. Demand is growing fast -- the GaAs market is forecast to grow to $11 billion in 2004 from $2 billion in1999. Competition in sourcing the necessary GaAs wafer raw materials will be strong next year, but Filtronic also has other strings to its bow. In the wireless infrastructure market it is the largest independent supplier of transmit/receive subsystems for base stations, supplying Lucent [US:LU], Motorola [US:MOT] and Nokia [US:NOK]. Growth in this area is in excess of 50 percent a year. Filtronic is a market leader in internal antennae for mobile phones -- a market also growing at 50 percent a year. Filtronic is expected to increase its market share from 15 percent to 20 percent. Wait for the market to do something positive before getting in -- it's tough catching a falling knife. But don't turn off the buying radar in a falling market. ftmarketwatch.com{17A6CD16-C232-470D-9F5B-F2908C0EE0F0}

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