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Stockchase Opinions

Derek Webb, CFAMicrosemi CorpMSCCTOP PICKSep 19, 2007

Top Short Produce chips, had very poor earnings revision, down 15% over last 60 days. Trades at 46 times earnings.
$8.08

Stock price when the opinion was issued

electricalelectronic
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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.
PAST TOP PICK
(Past Top Pick Nov 3/04. Down 14%.) Outlook for the chip makers has started to improve.
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.