William, I'm new to the thread. I used to sell both Altera and Actel products while working @ Wyle Electronics. I have maintained a small position in ACTL for several months, however, I'm considering increasing my position substantially at the current prices.
First call has the average consensus opinion at 1.4, Strong Buy, up from 1.5 the week prior. While ACTL will never be an Altera, as their antifuse based products are more niche oriented than SRAM based EPLD's, there are clearly applications for which antifuse is superior.
Furthermore, ACTL has announced plans to introduce some SRAM based devices ala ALTR in the larger density arena. I will do some more research here (ask cronies @ Wyle) as to specifics, and when they will begin shipping.
Actel's valuation is far more compelling at the moment with a PE of 17x next year's earnings (compare w ALTR @ 31, XLNX @ 25, and Lattice @ 30 something). Actel's growth is exceeded 30% and is expected to continue at that clip. A few key design wins with a major networker or the like could blow the numbers away pretty quickly as ACTL is still only about a $160M company.
This stock has a lot of upside potential with limited risk. I love ALTR, but not at these prices. IMHO ACTL should run into the high $20's over the next quarter.
Regards,
Larry
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