Research Reports
Published Title of Report
Jan. 24, 2012 CatQuick: Cypress Semi and Atmel
Jan. 23, 2012 Catamount Disty Tracker (Week 3, 2012)
Jan. 17, 2012 JDSU FQ2 Preview: Conservative Dec Q guide achievable, outlook unchanged
Jan. 16, 2012 Adtran CatQuick: Organic 2012 growth is the key, keeping Buy for now – $36 PT
Jan. 16, 2012 CIENA CatQuick: Social networking to provide a new revenue stream
Nov. 28, 2011 CIENA FQ4 Preview: We expect Q4 top line upside - Reiterate BUY
Nov. 21, 2011 CatQuick: Touch leaders not immune to competition
Nov. 21, 2011 LAN-SAN CatQuick: Surprisingly strong Brocade results bode well for Finisar
Nov. 10, 2011 Cypress Semi: Growth story intact, macro introduces uncertainty
Nov. 7, 2011 Fabrinet CatQuick: No near term fix for flood disruption – top optical pick remains Finisar
Nov. 1, 2011 CatQuick: The three keys to near term success in the optical business: Location, location, location
Oct. 29, 2011 JDSU: Weak guide was prophetic, all eyes on improving outlook and flood
Oct. 28, 2011 Optical Component CatQuick: Wild week for optical components - All eyes on floodwaters
Oct. 20, 2011 PLD CatQuick: Altera and Lattice Semi
Oct. 10, 2011 N.A. capex to improve in Q4 after a sub-seasonal Q3, implications for ADTN and CIEN
Oct. 10, 2011 CatQuick: Android OS is taking share as both smart phones and tablets ramp
Oct. 6, 2011 Semiconductor Update: Macro uncertainty may cloud calendar Q4 guidance
Oct. 6, 2011 CatQuick: Conversation w/ IT Infrastructure Group at a major Boston based money mgt firm
Sep. 8, 2011 Adtran: Share gains and new customers to offset 2H N.A. capex sluggishness, Buy – $40 PT
Aug. 30, 2011 Finisar Q1 2012 Preview: Optical "flavor of the month" should deliver
Aug. 29, 2011 CIENA Q3 Preview: Expectations are low, short interest is high, environment is better than feared
Aug. 24, 2011 CatQuick: Avago read through for transceiver peers (FNSR, OPXT, JDSU)
Aug. 19, 2011 CatQuick: HP webOS move headline negative for CY, relatively insignificant in broader scheme
Jul. 28, 2011 Atmel Q2 2011 Preview: Strong 2H touch backdrop driven by smart phones, reiterate Buy
Jul. 27, 2011 NetLogic Q2 2011 Preview: Optichron in the back pocket - Keeping Neutral rating for now
Jul. 10, 2011 Emcore CatQuick: Execution is the key
Jul. 10, 2011 Fabrinet CatQuick: Competitive environment heating up
Jun. 28, 2011 CatQuick: Altera, Cisco and NetLogic
Jun. 27, 2011 Tellabs: 2Q11 Preview: All options on the table – reiterate Trading Buy
Jun. 21, 2011 Adtran: Q2 and 2H strength hard to ignore, Reiterate Buy – $40 PT
May 26, 2011 CatQuick: Xilinx - Share gains at 40nm and 65nm node to serve as “band-aid”
May 24, 2011 Finisar: F4Q11 Preview - Secular trends intact, competition and China keep us on sidelines
May 17, 2011 Android CatQuick: Android device forecasts continue upward, touch screen names to follow
May 16, 2011 Interop CatQuick: No changes in opinions (Riverbed, Xilinx, Cavium)
May 4, 2011 Atmel CatQuick: Q1 2011 results, maXTouch leads the way
May 4, 2011 JDSU CatQuick: Single sourced components drive upside, 2H competition keeps us on the sidelines
May 2, 2011 NetLogic CatQuick: Weak Q1 2011 as inventory issues linger
May 2, 2011 Fabrinet CatQuick: F3Q11 (Mar) results
Apr. 24, 2011 Inphi: Solid L-T positioning, valuation keeps us on the sidelines – maintain Neutral
Apr. 24, 2011 NeoPhotonics: Strong 2H backdrop, inv. concerns keep us on sideline for now – Neutral / $10 PT
Apr. 19, 2011 NetLogic: Positioning only getting better – Keeping Neutral rating for now
Apr. 19, 2011 Riverbed CatQuick: Strong Q1 2011 results, ahead of expectations
Apr. 17, 2011 Semis: Drivers intact, uncertainty may cloud guidance - keep Buy on ALTR & Trading Buy on XLNX
Apr. 17, 2011 Tellabs: Q1 N.A. capex better than seasonal, bar is low – reiterate Trading Buy
Apr. 13, 2011 Adtran: Carrier strength is the latest corroborating data point of strong Q1 carrier spending
Apr. 6, 2011 Cypress Semi: Backdrop remains strong, supply and inventory uncertainties exist
Apr. 5, 2011 JDS Uniphase: Upside to street estimates likely – optical competitive environment to increase
Mar. 7, 2011 CatQuick: XFP tunables to be the buzz at OFC – market share is up for grabs
Mar. 1, 2011 CIENA Preview - Product cycles and share gains in early stages - Reiterate BUY, PT from $20 to $35
Feb. 28, 2011 Finisar: F3Q11 Preview - Market share gains and secular growth continue
Feb. 14, 2011 Tellabs: Left for dead…but, we feel a pulse – Upgrading to Trading Buy
Feb. 8, 2011 Cisco: Activity levels on the rise, competitive environment is a headwind
Jan. 31, 2011 Broadcom: Strong Q4 business trends - best positioned large cap semi co, reiterate Buy
Jan. 31, 2011 NetLogic: 1H 2011 upside may be scarce – avoid into the print and downgrading to NEUTRAL
Jan. 28, 2011 JDS Uniphase: Catalysts intact – expect upside to street estimates
Jan. 26, 2011 Cypress Semi: PSoC / TrueTouch drive the top line, multiple is rich
Jan. 23, 2011 Riverbed: Expect customary large beat, “cloud scare” could gate multiple expansion
Jan. 23, 2011 Altera: Solid Q4 business trends, investor focus shifts to 28nm, keeping Buy for now
Jan. 18, 2011 Semis: Market share discrepancy plays out - maintain Buy on ALTR, XLNX moves to Trading Buy
Jan. 18, 2011 Adtran CatQuick: Why it’s not time to sell Adtran at its all time high
Jan. 3, 2011 Adtran: Catalysts to continue into 2011, Reiterate Buy – PT moves to $40
Nov. 26, 2010 CatQuick: Semiconductor Update
Nov. 23, 2010 CIENA: Buy it now for 2011, reiterate BUY and $20 PT
Nov. 3, 2010 JDS Uniphase: Near term catalysts scarce, low bar guide makes estimates achievable
Oct. 25, 2010 NetLogic: 3Q10 Preview - Business not immune to China slowdown, positioning remains stellar
Oct. 20, 2010 Cypress Semi: 3Q10 Preview - Solid Q from SRAM and new PSoC wins, reiterate BUY
Oct. 20, 2010 Riverbed: Fundamentals remain best in class, valuation could gate upside
Sep. 3, 2010 3Q10 Semiconductor Sector Update
Jul. 28, 2010 ALU: Supply chain points to weaker trends (vs historical norms) within ALU's wireless business
Jul. 20, 2010 PMC-Sierra: Secular drivers remain intact, Reiterate NEUTRAL
Jul. 20, 2010 Cypress Semi: 2Q10 Preview - PSoC remains the story / SRAM outlook is key, reiterate BUY
Jul. 15, 2010 NetLogic: 2Q10 Preview - Positioning remains stellar, but N.A. networking could be a speed bump
Jul. 13, 2010 JDS Uniphase: Mixed bag moves us to the sidelines, PT moves from $15 to $11
Jul. 7, 2010 2Q10 Sector Preview - FPGA trends remain strong, upgrading ALTR and XLNX to TRADING BUY
Jun. 29, 2010 Adtran Preview: Catalysts are plentiful, Upgrading to Trading Buy / PT moves from $29 to $32
Apr. 27, 2010 NetLogic: 1QF10 Preview - Demand strong across the board - raising estimates / reiterate BUY
Apr. 12, 2010 JDS Uniphase: Trends remain strong, VCSEL fab issue not a needle mover
Mar. 8, 2010 CIENA: Upgrading to Buy ($25 PT)
Mar. 3, 2010 Finisar: F3Q10 Preview - Business trends remain strong, Reiterate NEUTRAL rating
Mar. 2, 2010 CIENA: Business trends remain strong, CESD portfolio leading the charge, Maintain NEUTRAL
Feb. 2, 2010 Cisco: Another solid quarter, raising estimates
Feb. 2, 2010 JDS Uniphase: Expect another solid quarter - key customers remain on allocation
Feb. 1, 2010 NetLogic: 4Q09 Preview - Remain on the sidelines due to valuation, despite strong business trends
Jan. 31, 2010 Akamai: Strength in commerce and media verticals provide tailwind in the quarter
Jan. 27, 2010 Cypress Semi: 4Q09 Preview - SRAM and TrueTouch to drive Q4 upside
Jan. 24, 2010 Riverbed: Strong Q4 business trends move estimates above street high
Nov. 3, 2009 CIENA: Bidding war for MEN assets unlikely, deal dissolution would help shares near term
Nov. 1, 2009 JDS Uniphase: Top line planets align, operating leverage is key to share price appreciation
Oct. 20, 2009 Riverbed: Business trends remain solid, ests move to street high, maintain Hold rating on valuation
Oct. 19, 2009 Cisco: Worth owning despite consensus long status, raising estimates