- Buyers Guide
Military Microwaves Supplement
Recent Advances in Radar Technology
Using Calibration to Optimize Performance in Crucial Measurements
First Things First:
The RF to Light 100 rose 2.3%, YTD +3.4% ending 2542 as of 2/2/07. NASDAQ up 2.5% YTD. The merger between Stratex and the microwave communications division of Harris Corp called Harris Stratex Networks (HSTX) created an about $ 650m company claiming to be the largest independent provider of wireless transmission network solutions with customers in over 150 countries. The stock began listing last week - up 17%. Mindspeed offered rosy outlook - up 11%. Conexant swung to a 1Q profit - up 9%. Motorola shares up 8% - billionaire investor Carl Icahn wants to join the board. Juniper Network still fails to provide detailed financials - down 4%
In the News:
Sentiment on Wall Street was boosted by data suggesting that the economy was growing at a healthy rate and inflation had moderated: US GDP rose to 3.5% in 4Q06. The steady advance in WLI growth since last summer, now at 4.7%, underscores the apparent recovery. The Fed left the Fed rate unchanged at 5.1/4%. Consumer confidence edged up slightly in January while the ISM-PMI for US manufacturing dropped to 49.3 - below the critical 50 line (above 50 = growth). DoD to request $ 622.6 billion for 2008 including $ 141.7 b for Iraq and Afghanistan. Most likely, the $276b JSF program will be scaled back significantly over the next 6 years as well as other hard-/software programs.
PIS (personal investment system):
Within 5 year low: Bookham, 3Com joined Exar, Maxim, Verizon and Zhone. Conexant, Vitesse exited.
Market Oversold Indicator:
Down to 77%.
Market Overbought Indicator:
Unchanged at 60%.
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