Leo,
A couple of bearish signs are that PWAV and MPDI went up by much higher percentages today and the fact that both of these stocks are selling at P/E's of 40 based on FY98 earnings. On FY98 expected earnings, SPCT's P/E is less than 20. SPCT had it's place in the sun ending with the quarterly results, then PWAV and soon after MPDI, so analysts are definitely bullish on the entire sector. However, it is strange that SPCT should not be up in the 90 range considering its competitor's valuations. I am kicking myself for not buying MPDI when it was down at 3. It's P/S ratio was around 0.6 then... way too low for this growing area.
For my information, do you know what percentage of LU, NT, QCOM, and MOT's power amplifier business that SPCT, MPDI, PWAV, and others have?
Richard |
