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Technology Stocks : American Xtal Technology, Inc. (AXTI) -- Ignore unavailable to you. Want to Upgrade?


To: Pullin-GS who wrote (282)12/8/2005 5:17:52 PM
From: Pullin-GS  Read Replies (1) | Respond to of 290
 
AXTI Up another .50 this week (30% since this month alone).
Volume is over 1mil today (average is 54K).
Broke the 52week high on 20X volume.
Congrats to those who picked up a few at $1.20!

Here are some fundamentals:
AXTI's business (GaAs substait manufacturer and R&D) supports these 3 major sectors, which are ALL booming right now:
1) LED
2) Wireless cell phone
3) Fiber Optic

All these 3 sectors NEED GaAs wafer which is AXTI's bread and butter.
So, AXTI is at the bottom of this food-chain.
All stocks that related to above 3 sectors have run up to their 52 week high. Today is AXTI turn.
Plus, it has raw material business and satellite solar cell.
It has about $8 million cash in restricted deposit. ( Yahoo doesn't show it ).
Book value is $2.48.