PRTH markets and some skeptical voices in London too
Parthus DSP algorithms contemporary sales by now (and my comments) / Markets by Daily telegraph:
1) 15% GPS ( going to be installed in very many sold cellphones in US and Europe this year)
2) 35% Bluetooth ( going to marketbreak year 2001 too.)
3) 15% Other mobile computing (gprs-new chip?) Telegrap don,t mention what)
4) 13% MP3 (music distr. over cellular or over privately over Bluetooth networks between youngsters will be first and mayby The Only profitable wireles multimedia application .etc.)
Articles:
The Telegraph's Questor column
Parthus [UK:PRH]. "The problem is that the company, 208.5p yesterday, is not cheap. Parthus is still in development phase, and hence unprofitable. However, the price has been as high as 408p, so true believers in the GPRS technology's potential may consider a speculative buy. More cautious sorts should ring off." Full text
The Times' Tempus column
Bryant [UK:BRYN], Taylor Woodrow [UK:TWOD]. "It is clear that architects of future housebuilding deals will need to act deftly to protect the interests of shareholders on both sides of the mergers at the same time as offering enough cash to make balance sheets work efficiently. For new investors hoping to ride a sector re-rating from here the inference from the Charterhouse analysis is to get exposure by buying Bryant rather than TW shares." Full text
Parthus [UK:PRH]. "Parthus stock trades on about 30 times forecast sales in 2001, compared with 40 times for ARM, which probably deserves some premium. Company specific risks and tech sector-wide worries should not be underestimated. But hold." Full text
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telegraph.co.uk
Chipper over new chip
TAKE as many radio engineers as you can hire, ensure that they know how to design a silicon chip or two, base them all around Ireland and the result is Parthus Technologies. The company, with headquarters in Dublin, has just over 300 engineers working on silicon chips for the next generation of groovy mobile phones and consumer electronics devices.
Parthus, which floated last May, has four semiconductor products which it licenses to manufacturers to create. These support short-distance radio protocol Bluetooth, the GPS global positioning satellite tracking standard, internet audio and top-of-the-line mobile phones.
Yesterday, the company chose to whet investors' appetites with a fifth product. This is an integrated chip for use in the next generation of internet capable mobile phones which use a communications standard called General Packet Radio Service (GPRS).
Details of the new chip were sketchy yesterday, but the key point is that it solves a problem dogging the development of GPRS phones. These phones were supposed to be widely available before Christmas, but now are not likely to appear in volume until the middle of the year because of the design problems.
Parthus says they use too much power, before adding that the company believes it has solved the problem by integrating hitherto separate phone functions on one, more economical, chip. So far there are no sales and profits forecasts for the new product.
The problem is that the company, 208.5p yesterday, is not cheap. Parthus is still in development phase, and hence unprofitable. The company, worth £1.1 billion yesterday, trades at 42 times 2001 expected sales.
However, the price has been as high as 408p, so true believers in the GPRS technology's potential may consider a speculative buy. More cautious sorts should ring off |
