RtS,
yes I did have - for example in MRVC. Usually those plans are stopped when the stock value is too low. Happened in MLTC this February. Automatic sales plans are normally a good idea because nobody could infer bad business conditions from such a move if announced a year earlier.. I also bought into HAUP today. Video and comm ICs now make up a nice chunk of my portfolio (MLTC, HAUP, TXCC, OBAS, SRAM.OB)
On the current market bleed, I think it'S related to earnings warning season. Once we move past that or once new favourable economic data will be out (was lacking over the last days) then the NAZ should bounce up again.. I honestly do think that smallercaps are the better investment now as they usually feature less debt than bigcaps and also more attractive valuation (low PE, PSR, PBK)
What I like about MLTC is that it is UNDER BOOK VALUE. The company hiked R&D almost 100%. Revenues are pretty stable.. I did some more extensive DD on their collaboration with IPAG of Germany. this really "seems to be it". Very high tech, very forward looking, and some schrewd tie-in of a potential future home-run also.. Posted on Yahoo MLTC thread already. Bottom line: IPAG of Germany is some sort of a cross between BKHM and JDSU/Epitaxx (photodiodes !). But IPAG claims up to 80Ghz speeds and they are aiming for 100GHZ..
IPAG: innovativeprocessing.de
re: MLTC/IPAG collaboration
by: CROSSY_2000 (31/M/Europe)
Long-Term Sentiment: Strong Buy 04/11/02 09:06 pm
Msg: 574 of 574
well,
it seems that this collaboration is broader than most want to realize. MLTC most likely got equity in IPAG (because a US "hi-tech" firm is listed as an investor in IPAG alongside a Euro VC fund)
Then - not only optical, also microwave TWT-amplifiers covered. IPAG's receivers can reach 80 Gbit/sec acc. to webpage and maybe even higher (100 Gbit ?) could be reached ("don't hesitate to contact us for higher speed apps"). Then "Monolithic Integration" is cited as a key objective on the collaboration. This means IPAG is some sort of a BKHM or ANAD (not many do know about the InP based photonic integration capabilties of the latter)
Another key message btw. the lines : "Additionally, Multilink will be the exclusive channel for IPAG's line of integrated opto-electronic receivers". Could be another source of high-margin revenue once OC-768 or 50 or 100GB-Ethernet (no kidding) become a deployed reality. Another hint: "IPAG's optical component technology, enabling Multilink to ... expand its product diversity from the optical interface all the way to the edge aggregation". Means bigger chunk of value chain in the future radar-screen for MLTC. (Broadening of scope).
I think a little out-of-the box thinking is all that's necessary here. With the IPAG connection, MLTC sort of preempted BKHM-like capabilities at the moment they will need them at the same time sharing the risk of development of the underlying technology. Smart and risk averse yet a bold step in broadening company focus.. The fruits deployed here won't be harvested tomorrow or in some months. But as soon as viable markets for 10Gigabit-Ethernet, OC-192 and OC-768 will exist (or exist again) this will take off..
lightreading.com
Multilink Invests in German Startup
SOMERSET, N.J. -- Multilink Technology Corporation (Nasdaq: MLTC - message board), a leading provider of advanced semiconductor-based solutions that accelerate the deployment of high-speed optical networks, announces that it is collaborating with Innovative Processing AG (IPAG), an emerging growth company located in Duisburg, Germany.
Under this agreement, Multilink will work closely with IPAG on the marketing, design and testing of 40 Gb/s optical PIN diode receivers, electronic Traveling Wave Amplifiers and opto-electronic, monolithically-integrated devices. Additionally, Multilink will be the exclusive channel for IPAG's line of integrated opto-electronic receivers. This sharing of resources will leverage Multilink's expertise in high data rate communications devices and systems knowledge with IPAG's optical component technology, enabling Multilink to provide new services to customers and expand its product diversity from the optical interface all the way to the edge aggregation.
"By combining Multilink's superior products and systems knowledge with IPAG's components development processes, we can offer customers a complete low power, high data rate transmitter and receiver solutions for optimum network performance," said Dr. Jens N. Albers, Multilink's Executive Vice-President and Co-Chairman and Vice Chairman of the IPAG Supervisory Board. "We continue to seek out advanced technologies in order to fulfill Multilink's mission of providing advanced optical networking semiconductor solutions." |
