Although the 1st quarter was pretty decent and the market liked it, they are staying away for awhile. Some management changes that came from Cisco (CSCO-Q) didn't work. Not convinced they're out of the woods yet. It's a tough end market. It's a long road ahead.

With the increasing amount of cell phone users/wireless companies, this is a good company to be in. Have key patents in 3D networks (wide band CDMA) which is gradually growing. They are probably the best makers of the chips. Good valuation.

Their end business is selling automation equipment to automotive parts manufacturers. In a tough end market. A sound business. They are aggressive in getting into new markets which are sometimes a long time in maturing and gets them into trouble now and then.

A market share war between themselves, Nvidia (NVDA-Q) and Intel (INTC-Q) and that tends to swing very quickly up and down. The valuation at this point is quite attractive. A short term risk as they are ramping a new product into production. Delays could hurt them. Moving into new areas.

Had a strong niche of sharing documents between offices of the same franchise globally. That niche is now basically being built into networks. They are running the risk of becoming obsolete.

Approaching fair value. In a tough business, but they are the biggest by far. Likes them as a long term play, but the business can swing around quarter to quarter. Do a great job in the emerging markets. You need a tough stomache for this one.

A business that he likes at this valuation. Canada's best technology company when you look at the history of profitability, cash flow, being a leader in their sector. Good management.