International Rectifier (IRF) Message Board

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Technology Stocks : International Rectifier (IRF)

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From: JakeStraw	4/9/2007 8:07:25 AM
	of 1712

"Soros is also exploring plays that will benefit from exploration into alternative energy sources, as the world tries to dig its way out of its dependency on oil. With that in mind, his second largest holding is International Rectifier (IRF), which is a new position in his latest filing. Soros is a believer in global warming. IRF makes products ranging from power systems to power components and integrated circuits that are used in power management devices. In January, International Rectifier’s second-quarter profits exceeded Wall Street’s estimate as the company earned 58 cents a share. Analysts expected 54 cents. The day after earnings, Nollenberger Capital Partners issued a Buy rating, stating "We believe IRF is the play on the trend for energy efficiency." Despite 200% year-over-year earnings growth, the company trades at a forward P/E of just 16." biz.yahoo.com

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