In our recent 103 page Semiconductor Report we conducted a roundtable discussion with Alex Gauna JMP Securities LLC , Hans Mosesmann Raymond James & Associates, Inc. and Jeff Schreiner Capstone Investments about the Industry.
In times of trouble, there are opportunities. There are some interesting ideas for selectors who can look past the current economic uncertainty. There are definite trends going on within the semiconductor industry and some secular trends that are specific to programmable logic.
Mr. Gauna: “It looks like the indicators are cyclically moving in the right directions. They are not yet strong but they represent potential for the second half of 2010. That time period should also be helped by a lot of very encouraging upgrade cycles; you’ve got smartphones, you’ve got cloud computing and data centers, you’ve got ultra mobility factoring into the market, you’ve got a multimedia storm coming with all these exceptionally low priced LCD TVs that pretty soon are going to be wireless connected and with touchscreens.”
A lot of investors were and are astonished at the recovery and snap-back in this sector and semiconductor stocks tend to be a leading indicator in that they snap back quickly. Many investors are concerned that they might have missed and they remain under-invested in the space. But there are some solid names that have certain cycles that are in their back pocket and can deliver continuing growth.
Companies mentioned: in the roundtable: Silicon Labs (SLAB); Altera (ALTR); Xilinx (XLNX); Texas Instruments (TXN); Volterra (VLTR); Rambus (RMBS); Marvell (MRVL); NetLogic (NETL); EZchip (EZCH); NVIDIA (NVDA); LSI (LSI); Cypress (CY); Synaptics (SYNA); STEC (STEC); Intel (INTC); Broadcom (BRCM).
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