Guy,
"But let's say, hypothetically, that you were investing two or three million. Would you want all of it in smaller companies?"
Yes, that's exactly what I do (ok JDSU is not small cap any more). These aremy stocks:
AMCC
Applied Micro Circuits develops, manufactures and markets high performance and high-bandwidth silicon solutions for the communications markets. For the nine months ended 12/31/99, revenues increased 51% to $115.3 million. Net income totalled $28 million, up from $13.8 million. Revenues reflect unit growth in shipments of existing products. Net income also benefited from higher gross margins due to increased utilization.
BRCM
Broadcom Corp. develops highly integrated silicon solutions that enable broadband digital data transmissions to the home and within the business enterprise. BRCM's products enable the high-speed transmission of data over existing communications infrastructures. For the nine months ended 9/99, revenues rose from $141.8 million to $357.4 million. Net income rose from $16.6 million to $46.4 million. Results reflect higher volume shipments of the
semiconductor products.
BVSN
Broadvision develops, markets and supports application software solutions for one-to-one relationship management for the extended enterprise. For the nine months ended 9/99, revenues totalled $71.8 million, up from $34.9 million. Earnings totalled $10.7 million, up from $1.9 million. Revenues reflect continued strong market acceptance for the Company's core technology. Earnings also reflect lower sales and marketing and research and development expenses as a percentage of revenues.
DITC
Ditech Communications designs, develops and markets echo cancellation equipment and equipment that enables and facilitates communications over fiber optic networks. For the six months ended 10/31/99, revenues totalled 35.8 million, up from $10.9 million. Net income applicable to Common totalled $9.2 million, vs. a loss of $668 thousand. Results reflect continued market acceptance and sales of the 4th generation products, higher margins, lower
product royalties and lower debt.
DMIC
Digital microwave DMIC designs and manufactures digital microwave solutions for worldwide telephone network interconnection and access. DMIC's microwave systems
carry voice, data, and digitized video signals. For the nine months ended 12/31/99, net sales rose 20% to $211.9 million. Net income totaled $4.8 million vs. a loss of $94.1 million. Results reflect increased sales across all products lines and the absence of $67.7 million in inventory valuation and restructuring charges.
DSP
Digital Signal Processorr Group DSP Group, Inc. develops and markets products and technologies that perform digital signal processing, the electronic manipulation of digitized speech and other digital signals, for use in a variety of telephony and other communications
devices. For the nine months ended 9/30/99, revenues rose 1% to $50.5 million. Net income rose 89% to $20.7 million. Results reflect increased licensing revenue and $11.8 million in gains related to the IPO of AudioCodes.
ETEK
E-Tek Dynamics, Inc. designs, manufactures and sells high quality fiber optic components and modules for optical networks. For the six months ended 1/00, revenues rose 85% to $132.8 million. Net income rose 94% to $15.9 million. Revenues reflect an increase in unit shipments in WDMs components, couplers and micro-optic integrated components. Earnings reflect increased interest income due to higher level of investment balances from cash received on the stock offering.
EXDS
Exodus Communications is a provider of Internet system and network management solutions. EXDS offers server hosting, Internet connectivity, collaborative systems management and Internet technology services. For the nine months ended 9/30/99, revenues rose from $31.6 million to $140.2 million. Net loss applicable to Common increased 53% to $71.9 million. Results reflect an increase in the number of new customers from the Internet Data Centers,
offset by higher interest expense.
FDRY
Foundry Networks designs, develops, manufactures and markets a comprehensive suite of high performance networking products, including Gigabit Ethernet Layer 2, Layer three and Layer 4-7 switches for building and maintaining efficient, high performance networks. For the nine months ended 9/30/99, revenue totalled $78.4 million, up from $8.2 million. Net income
totalled $9.1 million vs. a loss of $8.2 million. Results reflect broad market acceptance of Gigabit Ethernet technology.
FFIV
F5 Networks Inc. is a provider of integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. For the three months ended 12/31/99, revenues totaled $19.2 million, up from $2.7 million. Net income totaled $4.2 million vs. a loss of $2.2 million. Revenues reflect an
increase in products sold and an increased installed base of products. Earnings reflect a higher gross margin.
HLIT
Harmonic, Inc. designs, manufactures and markets digital and fiber optic systems for delivering video, audio and data services over cable, satellite and wireless networks. For the nine months ended 10/01/99, net sales totalled $120.8 million, up from $56.8 million. Net income totalled $12.9 million vs. a loss of $22.1 million. Revenues reflect the introduction of the new METROLink DWDM and PWRBlazer products. Earnings reflect the absence of a $14 million in-process technology charge.
IFCI
FCI provides installation, construction, consulting, design, engineering and systems integration services to owners of broadband, fiber-optic newtworks. IFCI also sells telecommunications equipment. For the nine months ended 9/99, revenues increased 61% to $115.6 million. Net income applicable to Common decreased 37% to $5.1 million. Revenues benefitted from the acquisitions. Net income was offset by an increased interest expense.
ISLD
Digital Island, Inc. offers a global network and related services for companies that are using the Internet to deploy key business applications worldwide, making it easier for companies to globalize their operations. For the three months ended 12/31/99, revenue totaled $7.6 million, up from $1.4 million. Net loss totaled $24 million, up from $5.9 million. Results reflect increased usage per customer and the addition of new customers, offset by increased network capacity costs.
ITWO
I2 Technology Inc. is a provider of client/server based eBPO software products for supply chain management and related business process optimization applications. For the nine months ended 9/30/99, revenues increased 55% to $395.8 million. Net income totalled $8.1 million, up from $1.7 million. Revenues reflect increased customer awareness and continued
strength in key targeted vertical markets. Earnings also reflect a decrease in acquisition-related expenses.
JDSU
JDS Uniphase is a technology company that designs, develops, manufactures and distributes a range of products for the fiberoptic communications market, deployed by systems manufacturers worldwide to develop optical networks. For the six months ended 12/31/99, sales totaled $511.8 million, up from $121.2 million. Net loss totaled $245.2 million vs. an income of $10.6 million. Results reflect the merger with JDS FITEL, offset by increased amortization of purchased intangibles.
PMCS
PMC-Sierra designs, develops, markets and supports high-performance semiconductor networking solutions for use in the high speed transmission and networking systems of the global telecommunications and data communications infrastructure. For the nine months ended 9/30/99, revenues rose 56% to $181.9 million. Net income totalled $67.5 million vs. a loss of $15.6 million. Results reflect increased sales of network semiconductors and the absence of acquired R&D expenses.
PSIX
PSINet provides high-speed Internet access and related value-added products and services to businesses throughout the U.S., Canada, Latin America, Europe and Asia. For the nine months ended 9/30/99, revenues totalled $369.3 million, up from $165.7 million. Net loss applicable to Common rose 58% to $209 million. Revenues reflect acquisitions, internal
growth and higher average new contract values. Higher loss reflects increased borrowings to finance network expansion.
PWAV
Powerwave Technologies, Inc. designs, manufactures and markets ultra-linear radio frequency power amplifiers for use in the wireless communications market. The Co's. amplifiers increase the signal strength of wireless transmissions while reducing interference.
For the nine months ended 10/99, sales rose from $60.2 million to $201.4 million. Earnings rose from $4.2 million to $11.9 million. Results reflect higher sales of cellular and PCS products, partially offset by higher labor and overhead expenses.
RBAK
Redback Networks is a provider of advanced networking systems that enable carriers, cable operators and service providers to rapidly deploy high-speed broadband access to the Internet and corporate networks. For the fiscal year ended 12/31/99, revenues totaled $64.3 million, up from $9.2 million. Net loss fell 20% to $7.9 million. Results reflect greater market acceptance of the Company's products, partially offset by increased amortization of deferred compensation.
RFMD
RF Micro Devices designs, develops, manufactures and markets proprietary radio frequency integrated cicuits for wireless communications applications, including cellular and PCS. For the nine months ended 12/31/99, revenues totalled $204.1 million, up from $96.4 million. Net income totalled $35.5 million, up from $9.6 million. Results reflect increased shipments as a result of capacity expansion for three-volt HBT power amplifiers and small signal devices.
SAWS
Sawtek, Inc. designs, develops, manufactures and markets a broad range of electric signal processing components based on surface acoustic wave technology. For the three months ended 12/31/99, net sales increased 43% to $31.8 million. Net income increased 61% to $10.2 million. Revenues reflect an increase in shipments of bandpass filters for CDMA digital wireless phones. Net income also reflects an increased gross margin due to lower labor costs.
SEBL
Siebel Systems, Inc designs, develops, markets and supports enterprise-class sales, marketing and customer service information software systems. For the nine months ended 9/30/99, revenues rose 84% to $493.8 million. Net income rose from $23 million to $77.2 million. Revenues reflect an increase in the number of licenses of Siebel applications sold to new and existing customers. Earnings also reflect a higher gross profit and the absence of $13.5 million merger related cost.
TQNT
Triquint Semiconductor, Inc. designs, develops, manufactures and markets high performance analog and mixed signal circuits for the wireless communications, telecommunications and computer markets. For the nine months ended 9/30/99, total revenues rose 42% to $114.3 million. Net income totalled $14.7 million vs. a loss of $7.4 million. Results reflect strong demand for wireless communications products and the lack of $8.8 million in special and $1.4 million in lawsuit settlement cost.
TXCC
TranSwitch Corporation designs, develops, markets and supports highly integrated digital and mixed-signal semiconductor solutions for the data communications and telecommunications markets. For the nine months ended 9/30/99, revenues rose 61% to $49.1 million. Net income rose from $3.5 million to $17.7 million. Revenues reflect increased revenue from SONET/SDH, Asynchronous and ATM product lines. Earnings also reflect lower costs due to improved pricing from vendors.
TXN
Texas Instruments is a global semiconductor company and a leading designer and supplier of digital signal processing solutions. For the nine months ended 9/30/99, revenues rose 5% to $6.77 billion. Net income totaled $950 million, up from $218 million. Revenues reflect increased semiconductor shipments. Net income benefitted from the absence of $219 million in consolidation charges and improved operating margins due to the absence of the low margin memory business. |
