A few months ago, when this sector was in a deep correction due to earnings shortfalls by CS, ASND, COMS, etc., a number of folks (analysts, Chambers, etc) said the correction was overdone, because this sector was simply going through some product transition issues, weakness in Europe, etc, but that it had a bright future. The predictions of 30%/year growth were made several times in the course of those discussions, and I haven't seen any of those folks backtracking since, so I think it continues to be a reasonable estimate. What's yours? (and supporting data, if available).
Bob |
