RF to Light Update - January 9, 2007
The RF to Light 100 closed +0.4% in the first week of 2007. Following companies dropped out of the Index: Bell South (acquired by AT&T), Freescale (acquired by a private group), Lucent (acquired by Alcatel), Broadwing (acquired by Level 3 Comm., HEI (market cap value is < $ 100M) and IBM sold their laptop business to Lenovo. They were replaced by: Alltel (AT), MEMC Electrical Materials (WFR), 3Com (COMS), Level 3 Comm. (LVLT), American Towers (AMT) and Crown Castle International (CCI). American towers and Crown Castle own base station towers.
In the news: Strong US job growth report jolted market last Friday while commodity prices fell. Many technology stocks bucked the trend. Motorola dropped 8% on lower 4Q06 forecast, dragging down Nokia.
PIS (personal investment system):
Within 5 year low: Exar, Verizon, Maxim
Within 2 year low: Edo, Powerwave, Cree, Sycamore, Sanmina
Within 5 year high: Oplink and Teledyne dropped out.
New Highs: AMK, AV, CSCO, DT, HPQ, TWX
New Lows : MOT
Market oversold indicator: up to 73%
Market overbought indicator: up to 54%
Last week & YTD: Alcatel Lucent (11%), Atheros (8%), Endwave (7%), Spectrum Control (7%), Vitesse (7%)
Last week & YTD: Micrel (-8%), Motorola (-8%), Mindspeed (-6%), AT&T (-5%), Coherent (-5%)
Space & Defense : 0%
Communic. Services: +1%
Network Systems : +2%
RF Semiconductors : +1%
RF Components : 0%
FO Components : +2%
Miscell. : 0%