Zeev's Turnips Patch-No Politics (ZEEV)

[marginnayan]

Any plan to put CDN or MCHP on radar ?

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Tech Stocks: Be Picky and Patient

Does S&P have any stocks ranked "buy" in the tech-stock area?

A: Yes, we do. We have a few -- and just a few. Microchip Technologies (NasdaqNM:MCHP - News) is a maker of microcontrollers and associated specialty-memory and analog chips that form simple embedded control systems that are very widely used in all kinds of electronic systems. Microchip is a market-penetration story as much as a unit-growth story. That is, when new car models come out, there's consistently more electronics designed in, and this will use more microcontrollers, as well as discrete semiconductors and passive components.

Along the same lines of thought, we like International Rectifier (NYSE:IRF - News) as a 4-STAR [accumulate]. They make power semiconductors. We have several software companies as 5-STARS, each addressing a different market. One is Electronic Arts (NasdaqNM:ERTS - News). They sell video games. And they have substantial market share and are having some good innings in a hit-driven business. We also like Symantec (NasdaqNM:SYMC - News). This is a play on security software, which, like Electronic Arts, has a substantial consumer market. And that's holding up as some of the business markets weaken.

Another is Cadence Design Systems (NYSE:CDN - News), which is the leading company making software to design the circuits for semiconductors. The design cycle in the semiconductor industry is a little different from the production cycle. The valuation on Cadence is also at historic lows. We forecast earnings of
95 cents for calendar year '03.

Entire interview:

http://biz.yahoo.com/bizwk/020906/nf20020969275_1.html

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