Dave,
Hi I bought some more on Fri -- why do you think it went down late in the day. Anyone have an opt?
The stock had a very nice percentage move this week and is entitled to a little consolidation. It bounced off the 1/2 mark very nicely Friday and I suspect it will continue moving up after a little more consolidation.
From the earnings report, I read into it with, Phil Salsbury saying, "At the same time, we achieved higher gross margins, our best since 1988, while our book-to-bill ratio stayed well above unity. We continue to build momentum with design wins on our 100Base-Tx Physical Layer product and our Gigabit Ethernet Controller", that momentum, was growth in net income?
I am not quite sure what, "well above unity" means in terms of the book-to-bill.
(I presume it means things are doing well?)
In any case, if earnings projections are on target, this company should have an exciting earnings release in April.
Some more analyst coverage would certainly help as well!
The best,
Marc |
