Unova recently spun-off from Western Atlas Incorporated. By splitting away from the oil-field business (WAI), Unova (UNA) can focus on its precision grinding system used for semiconductor manufacturing and its strong industrial automation systems (barcodes and related automatic ID technologies).
In particular, it's the combination of Intermec, Norand, and United Barcode Industries which make me believe that Unova has a strong future ahead. (The majority of ADC systems that I've seen when traveling come from Norand, Intermec and Symbol Tech.)
More recently, the Cranefield Precision division recently announced a grinding technology that improved the production of silicon wafers. The upside potential (as described in the Unova press release) seems very encouraging.
Over the last two weeks, Unova's price has moved up from the avearge of around $15-16 to about $19. |
