KLIC referenced by a Hedge fund manager in a Smart Money interview. I'm not sure whether or not that's a good thing!
While KLIC has sold equipment used for slicing, dicing, testing and packaging in the past, I've never known them to actually make a single microchip. So perhaps, this hedge fund is harmless. <G>
whole story: online.wsj.com
STEINHARDT-WORTHY STOCKS
Michael Steinhardt's investment philosophy of buying cheap, out-of-favor
companies has contributed to the success of Lattanzio Chen Partners, a hedge
fund started by two of his former partners, up 30 percent after fees since
Jan. 1. A few of their picks include:
Company (Ticker, Price): Alcatel (ALA, $14)
Comment: Once its $13.5 billion merger with Lucent closes, the French firm
will be the world's largest supplier of telecommunications equipment.
Company (Ticker, Price): Great Atlantic & Pacific Tea (GAP, $26)
Comment: The chain better known as A&P is poised for a merger that will
dramatically reduce costs and improve profit margins.
Company (Ticker, Price): Kulicke & Soffa (KLIC, $9)
Comment: Profit margins are rising and debt is shrinking at this microchip
maker, but investors don't seem to have noticed.
Company (Ticker, Price): TranSwitch (TXCC, $2)
Comment: This microchip designer for telecommunications-equipment companies
will benefit from the implementation of wireless networks worldwide.
*Prices as of 5/11/06. |
