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und noch was zu tripath (trph): ... Momentum is a funny thing. Stocks in the thrall of performance-chasers at hedge funds and pension funds alike can soar to valuations that sear the imagination. Consider the case of TriPath Technology (TRPH, news, msgs), which is the leading gainer this year among Nasdaq stocks with prices over $2 and average daily volume greater than 50,000 per day. The maker of semiconductors for digital audio and television applications, as well as DSL components, is up 1,667% this year through Sept. 22. It was even up 13% on Monday when the broad market sold off 1.6%. To be sure, the company has had several design wins in recent weeks with Alcatel and Sony. But it carries a $241 million market cap on just $11 million in trailing 12-month revenues; it lost $10 million over that period. According to chief financial officer David Eichler, the company has reduced its cash burn to $1 million per month and expects to break even by mid-2004. The good news is that the company does not appear to be owned by any major mutual funds, so if early investors, such as the hedge fund Circle T Partners, are right, there could be a lot more gains to come as the funds swarm in. The company met with institutional investors last week in New York, for the first time, which perhaps accounts for the recent pop in the stock. It’s also moving into new markets, including a technology that could dramatically improve cell phone battery life. In addition, the lack of analyst coverage means that it will never be the subject of a devastating downgrade. “We have been in stealth mode until the last few months,” Eichler said, “so with design wins we expect a lot of revenue growth next year.” ... aus http://moneycentral.msn.com/content/p58388.asp gute nacht meleiko |
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| Autor (Datum des Eintrages): | meleiko (25.09.03 00:13:39) |
| Beitrag: | 141 von 547 (ID:10837678) |
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