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Industry News

RF to Light Update - March 5, 2007

March 5, 2007
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First Things First:

Ending 3/2/07 The RF to Light 100 dropped 5.9%, YTD -.1% at 2456. NASDAQ down 5.8%, YTD -1.9%. The market sector fiber optic components were hit hardest, i.e. down 9%. I am sorry for failing to give advanced notice. I wish I took my secondary “market overbought” indicators more to heart! I also wish Alan Greenspan had kept his mouth shut! 2 Weeks ago I reported that we are in a narrow trading range between oversold and overbought. Today my oversold market indicator stands at 81% = oversold. Initial financial reports ending Dec. 06 indicate: Revenue trend declining, financial strength improved but with a declining trend.

In the News:

Stock markets declined around the world followed by Alan Greenspan’s comment about a possible but not probable recession in the US end of 2007. Consumer confidence rose in February to a 5.1/2 year high. Inflation dropped to 2.08% in January, the ISM manufacturing index jumped to 52.3 in February. We will have more global report cards next week. Aeroflex struck a deal to be bought by private equity firms for about $ 1 billion. Stock holders would receive $ 13.50 a share; Friday’s closing was $ 11.01. JDS Uniphase has agreed to acquire Picolight for about $ 125 million.

PIS (personal investment system):

Within 5 year low: Exar, Zhone, Verizon, Solectron, 3Com, Bookham, Microsoft, Maxim, Intel, Conexant, Powerwave
Within 2 year low: JDSU, Edo, Alcatel-Lucent, Cree, Sycamore, Flextronics.
Within 5 year high: EXITED: Harris, HP Compaq, Nokia, MEMC, Cisco, Atheros, Crown, Comcast.
Within 2 year high: JOINED : EMS, Nokia. EXITED: Amkor, T-Mobile, Anadigics, Time Warner, Nortel, Applied Materials, MRV.

Market Oversold Indicator:

increased to 81% (80% = market oversold).

Market Overbought Indicator:

down to 58%

Top Five:

Last Week:

Harmonic (+5%), Sprint (4%), Agere (2%), LSI (2%), Herley (0%)

Year to Date:

Anadigics (+33%), Harmonic (31%0, Hittite (29%), MEMC (28%), Amkor (21%)

Bottom Five:

Last Week:

MRV (-18%), Ciena (-17%), ADC (-11%), Mindspeed (-11%), Solectron (-10%)

Year to Date:

Bookham (-38%), Oplink (-23%), Powerwave (-19%), Rogers (-18%), ATC (-18%)

Your Opinion Matters

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For the week of March 5th

Microsoft Excel Document
Approx. 1MB .ZIP File; Broadband Connection Highly Recommended

The RF to Light 100 is an abstract of the RF to Light 100 Pulse of the Industry Report, produced by industry veteran Gunter Vorlop.

The full report includes extensive economic data covering 100 public companies operating in markets that include space & defense, communications services, network systems, RF semiconductors, RF components and F/O components. It includes 12 spreadsheets with charts that are updated weekly, providing financial insight into the microwave industry for investors and corporate managers.

Sign up:
To sign up for email notifications when the latest Pulse is available for download, click here >>

DISCLAIMER:

Views and data expressed herein are solely those of Mr. Vorlop and not of his employer, Presidio Components Inc. nor those of Microwave Journal.


By Sectors:

Space & Defense:

-4%,YTD +1%

Communic. Services:

-4%, YTD -2%

Network Systems :

-8%, YTD -3%

RF Semiconductors:

-6%, YTD +9%

RF Components:

-6%, YTD -5%

F/O Components:

-9%, YTD -5%

Miscell.:

-6%, YTD -3%

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