PLX Technology, Inc. (PLXT) Message Board

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Technology Stocks : PLX Technology, Inc. (PLXT)

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To: robert b furman who wrote (169)	2/23/2008 9:27:24 AM
From: robert b furman	Read Replies (1) of 184

WAKE UP !! Here's an update on this little sleeper. Plxt bet all of its marbels on a second generation PCI Express chip. They had 20% sequential growth and are now winning many new design wins. I first got wind of PLXT when a past holding of mine SBSE announced its cooperation with Plexus.They used PCI express in thei embedded computer systems.SBS Tech was purchased by GE Fanuc. Plxt meets my company criteria: NO DEBT 46 MILLION in cash High Margins - 60 % Leadership in there niche- they do business with Intel HP all leading edge players. Thheir bridges and switches are fast - that is where the future is going. Their new PCI Express grew 20 sequentially in the last quarter with 60 % margins. They have been profitable for the last several quarters and are now winning many new design wins. I think that 08 will be the year they catch a new gear and find traction with their new generation of chips. Price has suffered in here - they have a book value of 4.44 - 1.60 of it is cash and they are adding to cash about 16 million a year - not bad and they darn sure aren't going broke. stockcharts.com Price has suffered in here.As we get closer to book - I'm waiting for a adx crossover and will start to accumulate in here. Macd is rolling over and will be looking for a positive divergence with price. This is a small company that hjas done everything right.It is slightly profitable and will become more so as volume seeks its new product. 20% growth of a new product that has 60% margin can be very nice leverage. JMHO Ox you out there? Bob

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