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Stockchase Opinions

Ray SteeleMicrosemi CorpMSCCPAST TOP PICKMar 17, 2005

(Past Top Pick Nov 3/04. Down 14%.) Outlook for the chip makers has started to improve.
$9.07

Stock price when the opinion was issued

electricalelectronic
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TOP PICK
Top Short Produce chips, had very poor earnings revision, down 15% over last 60 days. Trades at 46 times earnings.
SELL
More on the Sell side in the short term given that their communications is weak and their optical business is weak.
DON'T BUY
Communications chips. Has not been a compelling enough check mark on his criteria. Doesn't execute consistently enough.
BUY
Model price is $9.90, a 50% positive differential. There is still more room to go. There are a whole handful of these fallen angels, including Juniper Networks (JNPR-Q) Andrew (ANDW-Q), etc and if you buy a basket of these, you should do very well in a year’s time.
TOP PICK
Stock has come off quite a bit. The outlook is starting to improve.
DON'T BUY
Losing money, but trend is improving.
DON'T BUY
Trading at 8 X revenue. No earnings. Expensive. Would like it at $5.50/6.00 range. Could be in a trading range.
DON'T BUY
Don't see any earnings or the company having control of their balance sheet.
DON'T BUY
Good, well run company. Good company over 3/5 years, but there will be near term volatility until you see some recovery.
DON'T BUY
May be 12 months before there is recovery.
DON'T BUY
Ranks bottom 10% of database. Chips depend on economy.
DON'T BUY
Expects a warning next week.
BUY
At a good price.Infrastructure still needs to expand.
PAST TOP PICK
(Was a top pick on Oct 13 down 80%) Still a great company, but not at present.