- Buyers Guide
First Things First:
The RF to Light 100 dropped 2% last week, YTD +1% at 2480. The impressive start for tech stocks grinded to a halt as new earnings failed to vindicate recent market gains. Also, lower forecasts and broker downgrades changed the mood. Intel set the tone with a 5% stock decline. My RF semiconductor market sector dropped 4%. Motorola wants to axe 3500 jobs - stock rose 7%. Airbus will post a loss of several hundred million euros in 2006 due to A380 super jumbo delay.
In the News:
A Chinese missile destroyed a Chinese polar orbit weather satellite 540 miles above the earth. US satellites providing early warning of ballistic missile launches typically have altitudes of 22500 miles.
The US and former Soviet Union stopped testing anti-satellite weapons in the 1980's, partly out of concern over the effect of space debris on their satellites. Is this the beginning on a new arms race?
PIS (personal investment system):
Within 5 year low: Exar, Verizon, Vitesse, Maxim
AMT, CCI, CMCSA, COL, ERIC, HPQ, HRS, IFX, LMT, LVLT, MSFT, SI, SPEC.
Market Oversold Indicator:
up to 79%
Market Overbought Indicator:
down to 55%
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