A London Call: Get in NoW. (etc)
8-11-00
Trading at only 215p this morning, and capitalised at around 1.2bn, this is an ideal time to get onto the Parthus' growth curve. BUY
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Killik Viewpoint
Parthus poised for growth
Weekly share price chart
Parthus Technologies (PRH, 215p), one of the leading developers of semiconductor intellectual property (IP), is raising 15.5m through an additional share offering. The 55m shares are offered at 210p each, or $30.05 as American Depository Receipts, and they are at a significant discount to September's 408p high. Parthus will use the money to acquire complementary businesses and fund additional R&D. Parthus' new microchip design looks set to change the pace of development of mobile communications systems. This single chip computer can power a whole range of mobile digital devices, and the global markets for these devices is going to experience exponential growth over the next decade. The Infostream chip was designed in collaboration with Psion, the handheld device maker. Psion is the major shareholder in Symbian, the designer of EPOC, an operating system that looks set to become de facto for mobile Internet and wireless Internet devices. Symbian shareholders include Psion, Ericsson, Nokia, Motorola and Matsushita, and two of these shareholders, Psion and Motorola, have already licensed the Parthus Infostream chip for their next generation devices. Clearly, the convergence of voice and data communications and the development of mobile systems to deliver these services, creates huge potential for Parthus. Trading at only 215p this morning, and capitalised at around 1.2bn, this is an ideal time to get onto the Parthus' growthcurve.
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