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Technology Stocks : SILI - Siliconix -- Ignore unavailable to you. Want to Upgrade?

To: WTMHouston who wrote (26)	12/21/1999 12:43:00 AM
From: WTMHouston	Read Replies (1) \| Respond to of 152

Even though I seem to be talking to myself, here is some comparison info with IRF and FCS. SILI is currently trading at 28 times TTM EPS, IRF is trading at 48 times TTM EPS, FCS has no earnings. Annualizing the latest quarters EPS, SILI is trading at 18 times earnings, IRF is trading at 52 times earnings, and FCS has no earnings. SILI's last quarter's sequential quarterly revenue growth was 11.6%, IRF's was 3.2%. FCS wins here though with 28%: its just too bad that they could not make any money at it. SILI's last Q revenue growth year over year was 44.5%, IRF's was 19.4%. Again, FCS wins here with an astonishing 114%: but, despite better than doubling revenue, the best they could do was report that losses were only half as much. SILI's TTM profitability was Gross Margin (TTM) % 38.80 Operating Margin (TTM) % 20.07 Profit Margin (TTM) % 13.84 IRF's TTM profitability was Gross Margin (TTM) % 28.70 Operating Margin (TTM) % -0.04 Profit Margin (TTM) % 3.66 SILI: Mgmt Effectiveness Return on Equity (TTM) 29.42 Return on Assets (TTM) 14.57 Return on Investment (TTM) 23.06 IRF Mgmt Effectiveness Return on Equity (TTM) 6.24 Return on Assets (TTM) 3.49 Return on Investment (TTM) 4.37 I have no idea what IRF's book to bill ratio has been, but SILI's btb of 1.1 quarter to quarter assures that revenues will continue to climb and even without margin growth, which may not happen, earnings will grow by at least the rate of revenue growth. From a current stock price standpoint, SILI looks to be substantially cheaper than IRF. Plus, unless management has been lying to us, which I doubt, FY2000 looks to be just as nice as FY 1999 has been. This, to me, spells much more stock price appreciation. As for FCS, whatever technology it may have for the future, it has not made money in the last two years at a time when other semi companies are recording record profits. Plus, although its sales are three times SILI's, it also carries nearly a billion dollars in debt compared to almost no debt for SILI or IRF. IMO, there is NO comparison, from a value standpoint, or a relative stock price standpoint, between FCS and either SILI or IRF. IRF may be a good investment, but SILI, at this point, looks better to me. FCS, well, I would mot put my or any friend's money in it, but to each his own. Anyone that suggests that SILI is over priced probably has no idea what they are talking about. Frankly, it looks very undervalued compared to IRF and FCS. Troy PS - anyone who bought IRF at or near its lows or at just about any other time this year is probably just as happy as those of us who bought SILI before its run of the past four months.