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29-Mar-06
08:28 UBS favorite ideas: BRCM, MU, PMCS, NETL fundamentals also solid

UBS believes recent weakness surrounding Fed actions and ongoing indications of a good but not great general system IC environment have created attractive opportunities in BRCM, MU and PMCS around earnings reports. In the firm's opinion, these companies and NETL are executing to solid business plans that will allow them to outperform throughout this period of uncertainty. Discussions in the PC channel and ongoing pricing pressure in the NAND industry leave MRVL and SNDK relatively (and respectively) more exposed to earnings disappointments than other names in their coverage.