Asian stocks rose, led by materials companies and industrial shares, as investors watched for progress on ending an impasse over federal spending that has shut down the U.S. government for two days.
The MSCI Asia Pacific Index added 0.1 percent to 138.79 as of 9:04 a.m. in Tokyo. The U.S. government is in partial shutdown after lawmakers failed to agree on a federal budget. President Barack Obama summoned the top four leaders of Congress to the White House for the first high-level talks on reopening the government and raising the debt ceiling.
Japan�� Topix index rose 0.2 percent. Australia�� S&P/ASX 200 Index was little changed, while New Zealand�� NZX 50 Index fell 0.4 percent. South Korea�� Kospi index was little changed. Futures on the Standard & Poor�� 500 Index fell 0.4 percent today after the measure slipped 0.4 percent yesterday. Markets are yet to open in Hong Kong, while those in China are closed for a holiday.
The MSCI Asia Pacific Index rallied 6.4 percent in September, the biggest monthly advance since January 2012. The measure traded at 13.4 times estimated earnings as of yesterday, compared with 15.3 for the S&P 500 and 14.1 for the Stoxx Europe 600 Index, according to data compiled by Bloomberg.
Top 10 Tech Companies To Invest In 2015: Synaptics Inc (SYNA)
Synaptics Incorporated is a developer and supplier of custom-designed human interface solutions that enable people to interact with a range of mobile computing, communications, entertainment, and other electronic devices. The Company focuses on the personal computer ( PC) market, primarily notebook computers, including ultrabooks, the markets for digital lifestyle products, including mobile smartphones and feature phones, the tablet market, and other select electronic device markets with its customized human interface solutions. The Company generally supplies its human interface solutions to its original equipment manufacturer (OEM) customers through their contract manufacturers, which take delivery of its products and pay the Company directly for them.
The Company provides custom human interface solutions for navigation, cursor control, and multimedia controls for many of the world�� premier PC OEMs. In addition to notebook applications, other PC product applications for its technology include peripherals, such as keyboards, mice, and monitors, as well as remote control devices for desktops, PCs, and digital home applications. Its solutions for the PC market include the TouchPad, the ClickPad, the TouchStyk, and dual pointing solutions. The Company�� tablet includes the ClearPad Series 7. In August 2012, it acquired Pacinian and the Video Display Operation of Integrated Device Technology, Inc.
TouchPad
TouchPad provides a method for screen navigation, cursor movement, and gestures and provides a platform for interactive input for both the consumer and corporate markets. TouchPad solutions offer various advanced features, including Scrolling, Customizable tap zones, performance of entertainment, productivity, and media tasks, tapping and dragging of icons, and device Interaction. The Company�� TouchPad solutions are available in a variety of sizes, electrical interfaces, and thicknesses.
ClickPad
The Company�� ClickPad introduces! a clickable mechanical design to the TouchPad application. Its ClickPad is activated by pressing down on the internal tact switch to perform a left- or right-button click and provides feedback similar to pressing a physical button. The latest version of ClickPad features ClickEQ, which is a mechanical solution.
ForcePad
The Company's ForcePad is a thinner version of the Company's ClickPad, which introduces a new dimension in control through the addition of variable force sensitivity. ForcePad is designed to provide consistent performance across OEM models through its design intelligence and self-calibration features.
Dual Pointing Solutions
The dual pointing solutions offer a TouchPad with a pointing stick in a single notebook computer. Its dual pointing solutions also provide the end user the ability to use both interfaces interchangeably. The Company has developed two solutions for use in the dual pointing market. Its first solution integrates all the electronics for controlling a third-party resistive strain gauge pointing stick onto its TouchPad PCB. Its second dual pointing solution uses its TouchStyk and offers the OEM integration. The second solution is a completely modular design, allowing OEMs to offer TouchPad-only, TouchStyk-only, or dual pointing solutions on a build-to-order basis.
TouchStyk
The Company�� TouchStyk is a pointing stick interface solution for PC notebooks. TouchStyk is an integrated module that uses capacitive technology similar to that of its TouchPad. TouchStyk is enabled with press-to-select and tap-to-click capabilities and can be integrated into multiple computing and communications devices.
NavPoint
The Company�� NavPoint solution offers TouchPad functionality for small form factor devices in accessing and managing content in handheld devices through navigation controls. It also includes short- and long-distance scrolling features, tapping, and mouse-like cursor navigation.
ClearPadThe Company�� ClearPad touchscreen solutions consist of a transparent, thin capacitive sensor, which is a discrete sensor, that can be placed over any display, such as an liquid crystal display (LCD) or organic light-emitting diode (OLED). Its ClearPad Series 3 can provide full-time tracking of ten or more fingers simultaneously and features stylus support and support for various sensor configurations, including discrete sensors, sensor-on-lens, which includes sensor electrodes patterned on the bottom of the glass cover lens; on-cell, which includes sensor electrodes patterned on the display glass, and in-cell, which includes sensor electrodes patterned inside the LCD glass.
The Company�� ClearPad Series 4 products combines its capacitive multi-touch technology with a device�� display driver in a single-chip solution delivering advanced display noise management and capacitive sensing performance. Its ClearPad Series 7 products are designed for large touchscreen market for products more closely related to clamshell notebooks, slates, tablets, and similar devices. The Company�� ClearPad Series 7 products include single-chip touchscreen solutions and multi-chip touchscreen solutions designed for devices, such as gaming applications.
FlexPad
This capacitive sensing interface is mounted beneath a mechanical keypad, and allows the keypad surface to be used for advanced scrolling and navigation features, character entry, and advanced gesture input on handheld devices. With navigation functionality similar to a touch pad, FlexPad offers interface and industrial design differentiation.
ClearButtons
The Company�� ClearButtons product is an extension of its core capacitive sensing technology that has been used in TouchPad solutions for notebook PCs, mobile smartphones, and feature phones. ClearButtons is a sensor that can be mounted under plastic, providing OEMs with integration and design options for scrolling and b! uttons.
TouchButtons
The Company�� TouchButtons product provides capacitive button and scrolling controls for an interface solution designed to replace mechanical buttons. Button arrays and ScrollStrips can be programmed to perform various functions, such as controls for multimedia, display and device settings in notebook PCs, multimedia keyboards, MP3 players, digital photo frames, monitors, and other digital lifestyle products. TouchButton interfaces are designed for integration under the plastic face of a device, allowing for a sealed, durable, and thin design, which can be coupled with light emitting diode (LED) animation.
ThinTouchTM
The Company�� ThinTouch, is a design technology that delivers a full keyboard solution that is 40% thinner than traditional keyboard solutions. ThinTouch provides design architecture that facilitates backlighting.
Proximity Sensing
The Company�� proximity sensing technology enables users to interact with consumer electronics without touch. With this technology, sensors in a device, such as a notebook PC, mobile phone, peripheral, or digital photo frame, sense the presence of a user�� hand to activate a function, such as illuminating LEDs for discoverable buttons or waking devices from power-saving mode.
Dual Mode
The Company�� Dual Mode-enabled TouchPad interface allows a user to switch between cursor control and icon-based control on the TouchPad surface. In default mode, a Dual Mode-enabled TouchPad provides the same cursor control for on-screen navigation as a standard TouchPad. When the user taps on a launch icon located on the TouchPad surface, control icons illuminate on the TouchPad surface.
ChiralMotion Gesture
The Company�� ChiralMotion Gesture technology can be applied for continuous circular motion to initiate precise and fine-tuned scrolling on any two-dimensional input surface, such as its TouchPad and ClearPad solutions. ChiralMoti! on Gestur! e technology is suited for small handheld products, such as feature-rich mobile handsets, personal navigation systems, and personal media players that require easy access for entertainment, music, and other digital files.
Synaptics Gesture Suite
The Company�� Synaptics Gesture Suite (SGSTM) provides users with an intuitive way to interact with their notebook computers. SGS was developed by analyzing the most common workflows from entertainment activities, such as viewing photos and listening to music, to productivity activities, such as accessing e-mails and presentations. SGS represents a portfolio of gestures available on its interface solutions. These gestures are compatible with a range of Microsoft Windows and Linux applications. Gestures in the market include Pinch, Rotate, ChiralMotion Scrolling, Two-Finger Scrolling, Three-Finger Flick, Three-Finger Down, and Four-Finger Flick.
Enhanced Gesture Recognition
Synaptics�� Enhanced Gesture Recognition is a suite of ClearPad gestures included in its firmware. Customers can easily enable SingleTouch gestures, such as Tap, Double Tap, Press, and Flick; DualTouch gestures, such as Pinch and Pivot Rotate, and multi-finger gestures for ClearPad directly from its touch module firmware. No additional ssoftware is required on the host processor to implement these gestures.
Dual Mode for TouchPad
The Company's Dual Mode-enabled TouchPad interface allows a user to switch between cursor control and icon-based controls on the TouchPad surface. In default mode, a Dual Mode-enabled TouchPad provides the same cursor control for on-screen navigation as a standard TouchPad.
The Company competes with Alps Electric, Elan Microelectronics, Atmel, Cypress and Melfas.
Advisors' Opinion:- [By Evan Niu, CFA]
What: Shares of Synaptics (NASDAQ: SYNA ) have popped by as much as 18% today after the company posted solid quarterly earnings and provided upbeat guidance thanks to design wins at Samsung.
- [By Ryan Sullivan]
The Google (NASDAQ: GOOG ) -branded,�LG-manufactured Nexus 5 is the first high-definition smartphone to use Synaptics'� (NASDAQ: SYNA ) ClearPad 3350 In-cell touchscreen technology. This new technology equips the Nexus 5 with a single-chip touch controller integrated into the display. The product offers increased touchscreen sensitivity with a 10-finger multi-touch display and 120 Hz refresh rate.
Top 10 Computer Hardware Stocks To Buy For 2014: George Risk Industries Inc (RSKIA)
George Risk Industries, Inc. (GRI), incorporated on February 21, 1961, is engaged in the design, manufacture and sale of computer keyboards, push button switches, burglar alarm components and systems, pool alarms, thermostats, EZ Duct wire covers and water sensors. GRI is a diversified manufacturer of electronic components, consisting of the security industries variety of door and window contact switches, environmental products, proximity switches and custom keyboards. The Company operates in two segments: security alarm products and security alarm products GRI�� security burglar alarm products comprise approximately 84% of net revenues and are sold through distributors and alarm dealers/installers. These products are used for residential, commercial, industrial and government installations. Its products include security products/ magnetic reed switches, data entry peripherals, pushbutton switches, custom engraved keycaps and proximity sensors.
The security segment has approximately 3,000 customers. One of the distributors, ADI accounts for approximately 40% of the Company's sales of these products. The keyboard segment has approximately 800 customers. Keyboard products are sold to original equipment manufacturers to their specifications and to distributors of off-the-shelf keyboards of proprietary design. GRI owns and operates its main manufacturing plant and offices in Kimball, Nebraska with a satellite plant 40 miles away in Gering, Nebraska.
Advisors' Opinion:- [By Geoff Gannon] >Ark Restaurants (ARKR). When I bought them - and even now - I think their return on buyback would be high and I'd be in favor of it. However, the stocks are illiquid and their free cash flow relative to the dollar value of freely traded shares is not high. As a result, I'm always in favor of RSKIA and ARKR buying back stock. But, I understand it's very hard for them to do in practice unless there is a meaningful holder who signals he wants out of the stock.
My approach to buybacks is pretty simple. One, I prefer them. Two, I look at the share count history over the last 10 to 20 years as my guide to what the company might do in the future - I want a pattern of predictable behavior. Generally, that means a continuously shrinking share count that shrinks in bull markets and bear markets, panics and recessions and booms and busts and so on. Three, if I'm a buyer of the stock - then the company should be a buyer of its own stock. No questions asked on that one. If the stock is good enough for me to buy it's clearly good enough for the company to buy. Finally, I look for the return on buyback. I tend to focus on the earning power the company is buying relative to the net cash it is spending. If a company has cash on its balance sheet, the amount of net cash consumed by a buyback will be less than it appears because I will end up with a greater percentage ownership of the resulting balance sheet as well as the income statement.
I want the return on buyback to always be at least 10%. As a rule, the average company will only get returns on its buybacks of 10% or higher if it pays less than 15 times normal earnings. In special cases - fast growing companies, companies where free cash flow vastly exceeds reported income, etc. - it is possible that buybacks above 15 times earnings will return more than 10%. It almost never makes sense for a company to buy back stock at over 25 times earnings. So, for most companies, under 15 times earnings is the green zone for bu
Top 10 Computer Hardware Stocks To Buy For 2014: IceWEB Inc (IWEB)
IceWEB, Inc. (IceWEB), incorporated in 1994, manufacture and market unified data storage, purpose built appliances, network and cloud attached storage solutions and deliver on-line cloud computing application services. The Company�� customer base includes the United States government agencies, enterprise companies, and small to medium sized businesses (SMB). The Company has three product offerings: Iceweb Unified Data Network Storage line of products, Purpose Built Network/Data Appliances and Cloud Computing Products/Services. In October 2013, IceWEB Inc completed its acquisition of Computers and Tele-Comm, Inc. and KC-NAP, LLC of Kansas City (collectively CTC).
IceWEB Unified Data Storage line of products
IceWEB is a provider of Unified Data Storage solutions. Its storage systems make it possible to operate and manage files and applications from a single device and consolidate file-based and block-based access in a single storage platform, which supports Fibre Channel SAN, IP-based SAN (iSCSI), and NAS (network attached storage). A unified storage system simultaneously enables storage of file data and handles the block-based I/O (input/output) of enterprise applications. One advantage of unified storage is reduced hardware requirements. The IceWEB Storage System is an all-inclusive storage management system, which includes de-duplication; unlimited snapshots; thin provisioning; local or remote, real-time or scheduled replication; capacity and utilization reporting, and integration with virtual server environments.
Purpose Built Network and Data Appliances
Purpose Built Network and Data Appliances are devices, which provide computing resources (processors and memory), data storage, and specific software for a specific application. The primary appliance products that IceWEB has built have been centered on a single large business partner, ESRI Corporation. IceWEB and ESRI have collaborated to create ultra-high performance IceWEB/ESRI GIS systems tha! t allow customers to access data with speed. ESRI Corporation takes responsibility for marketing to their customers and business partners, via their worldwide sales and consultancy organization.
Cloud Computing Products and Services
Cloud computing products and services consist of cloud computing services and cloud storage appliances. IceWEB provides IceMAIL, a packaged software service that provides network hosted groupware, e-mail, calendaring and collaboration functionality. Online services were expanded to include IcePORTAL, which provides customers with a complete Intranet portal and IceSECURE a hosted e-mail encryption service. Originally such hosted services were referred to as Software-as-a-Service (SaaS). Such services, hosted across the Internet are commonly referred to as Cloud Computing. A cloud storage appliance is a purpose built storage device configured for either branch office or central site deployment, which allows the housing and delivery of customer data across not only their internal networking infrastructure, but also to make that data available to employees or business partners securely via the Internet (often called the cloud).
The Company competes with EMC, Network Appliance, Dell, Hewlett-Packard, Sun Microsystems, Hitachi Data Systems, IBM, Compellent Technologies and Isilon.
Advisors' Opinion:- [By Bryan Murphy]
So far the brewing recovery effort from IceWEB, Inc. (OTCBB:IWEB) has remained off most traders' radars. That may be about to change, however. That's why you may want to go ahead and take a speculative plunge on IWEB now, on faith that the clues we're seeing now will indeed end up as they're suggesting.
Top 10 Computer Hardware Stocks To Buy For 2014: Makism 3D Corp (MDDD)
Makism 3D Corp., incorporated on May 4 2010, is a three dimensional (3D) printer manufacturing company. The Company produces consumer and professional grade 3D printers. The Company�� flagship product, branded as the Wideboy family of printers, offers packaging designed to fit any office or professional space.
Its 3D printers utilize British and German engineered components. Its printers are assembled in Cambridge (United Kingdom).
Advisors' Opinion:- [By James E. Brumley]
In retrospect, their pullbacks come as no real surprise. Neither Voxeljet AG (NYSE:VJET) nor Camtek LTD. (NASDAQ:CAMT) saw their shares soar on any news that was meaningfully sustainable, and after the "shoot first, ask questions later" market had a chance to start asking questions, it became clear that - even with the largest of glimmers of corporate progress unveiled a few weeks ago - CAMT and VJET both had been bid up more on hype and less on substance. Meanwhile (and this could be bitterly ironic to some), a small cap play in the same 3D printing space that (1) didn't beat the daylights out of its hype-drum, and (2) is actually much closer to bringing a revenue-bearing product to the market [per today's news - more on that below] isn't getting anywhere near the same attention. That company? Makism 3D Corp. (OTCBB:MDDD). The good news is, MDDD finally looks like it's revving its engine, while Camtek and Voxeljet AG shares continue to deteriorate.
- [By John Udovich]
Although the subject of a recent market correction,�3D printing and 3D printer stocks like�3D Systems Corporation (NYSE: DDD), Stratasys, Ltd. (NASDAQ: SSYS), ExOne Co (NASDAQ: XONE)�and Makism 3D Corp. (OTCBB: MDDD) largely remain hot, but what strategy should investors and/or traders alike take moving forward? Just consider the following latest news about the 3D printing industry or�3D printer stocks:
- [By James E. Brumley]
Well, as it turns out, the snake that bit L&L Energy, Inc. (NASDAQ:LLEN) and Sovereign Lithium Inc. (OTCMKTS:SLCO) didn't end up biting Makism 3D Corp. (OTCMKTS:MDDD). And in retrospect, that's probably how it should be. Indeed, the fact that MDDD didn't even come close to suffering the same fate as SLCO or LLEN did may be the biggest assurance Makism 3D fans could hope for that the company is everything it says it is.
- [By John Udovich]
Small cap OTC stocks Sovereign Lithium Inc (OTCMKTS: SLCO), Life Stem Genetics Inc (OTCMKTS: LIFS), Nevada Gold Corp (OTCMKTS: NVGC), Guar Global Ltd (OTCMKTS: GGBL) and Makism 3D Corp (OTCMKTS: MDDD) all saw their trading halted late last year by the SEC, but now all of these stocks are trading again. So what's going on and why the sudden crackdown? First, here is a quick look at what happened to the following five small cap stocks:
Top 10 Computer Hardware Stocks To Buy For 2014: Imagination Technologies Group PLC (IGNMF.PK)
Imagination Technologies Group plc is engaged in multimedia and communication technologies. The Company operates in two segments: Technology business and the Pure business. The Company�� Technology business segment is engaged in the development of embedded graphics, video, display and multi-threaded processor and multi-standard broadcast receiver and connectivity technologies for licensing to semiconductor companies for incorporation into silicon devices. The Company�� Pure business segment is engaged in the development and marketing of consumer products to showcase the technologies of the Technology business and to develop markets for such technologies. In March 2012, Toumaz Ltd completed the exchange of Imagination Technologies Group plc's interest in Toumaz Ltd�� Toumaz Microsystems subsidiary. In February 2013, it acquired the operating business and certain patent properties of MIPS Technologies, Inc. Advisors' Opinion:- [By Ashraf Eassa]
However, I expect that Intel is at risk of having a significant marketing problem trying to sell a dual core product into a world of quad core phones, even if the dual core part delivers better performance/watt. I further expect that from what is currently known about Bay Trail's GPU (4 EU Gen7 GPU), it is unlikely that -- unless Intel is either using Imagination's (IGNMF.PK) next generation PowerVR 6 or a beefed up Gen7 design for the "Merrifield" SoC -- it will be as competitive with the Snapdragon 800 on the GPU side of things, which could pose as an additional headwind to adoption. I also believe that the Q1 2014 launch curtails any hope that there will be a 14nm smartphone product launched in 2014 (although Mr. Krzanich's comments about "acceleration" could be a source of optimism here), which means that the company's process lead could ultimately prove to be ephemeral in this particular end market. Fortunately, product cycles in this space are short, so it may be okay to have Merrifield be reasonably short lived.
Top 10 Computer Hardware Stocks To Buy For 2014: Nyxio Technologies Corp (NYXO)
Nyxio Technologies Corporation, incorporated on June 08, 2006, through its wholly owned subsidiary Nyxio Technologies Inc. (Nyxio), develop and provide technology for the entertainment and commercial markets within the consumer electronic industry. The Company�� product includes VioSphere Smart television (TV), a flat screen TV with a fully integrated personal computer.
The Realm is an all in one personal computer (PC)/ TV, combining the latest in PC technology with high definition (HD) TV. The Realm Pro, which is all in One PC/TV geared for commercial and digital signage markets. Venture MMV, which is a mobile media viewer is a new class of video eyewear offering designer styling in a sleek ergonomic design with features and performance. The Vuzion is a TV with Android operating system (OS) built in enabling 400,000 Android applications on a TV.
The Company competes with Sony, Samsung, LG, Vizio, Apple, Dell, and HP.
Advisors' Opinion:- [By Peter Graham]
Nyxio Technologies Corp (OTCMKTS: NYXO), COREwafer Industries Inc (OTCMKTS: WAFR) and NanoTech Entertainment, Inc (OTCMKTS: NTEK) are three small cap stocks in some very diverse industries. In fact, one of these stocks just bought a 3D ice sculpture business. So will investors see their investment melt with that small cap stock�along with the other two? Here is a closer look to help you decide for yourself:��
Top 10 Computer Hardware Stocks To Buy For 2014: Emulex Corp (ELX)
Emulex Corporation (Emulex) is a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center. The Company�� product portfolio includes Host Bus Adapters (HBAs), Converged Network Adapters (CNAs), Network Interface Cards (NICs), mezzanine cards for blade servers, Application Specific Integrated Circuits (ASICs), embedded storage bridges, routers, and switches, Input/Output Controllers (IOCs), and connectivity management solutions. The Company is a designer, developer and supplier of HBAs, CNAs, NICs, mezzanine cards, Pass-Through Modules (PTM), embedded storage switches, embedded bridges, embedded routers, I/O ASICs, switch-on-a-chip (SOC) ASICs, Internet Baseboard management controllers (iBMC��) and connectivity management solutions. On August 25, 2010, Emulex acquired ServerEngines Corporation. In February 2013, Emulex acquired 89% ownership of Endace Ltd. In April 2013, Emulex Corp announced the completion of acquisition of Endace Limited.
Host Server Products
The Company�� Host Server Products include the development of chip level and board level server-based I/O adapters, including HBAs, Universal Converged Network Adapters (UCNAs), and mezzanine cards that connect servers and storage to networks using a range of products. Its products support Internet protocol (IP) and storage networking, including transmission control protocol (TCP)/IP, Internet small computer system interface (iSCSI), network attached storage (NAS), Fibre Channel, and Fibre Channel over Ethernet (FCoE). Host Server Products (HSP) include LightPulse HBAs, OneConnecttm UCNAs, custom form factor solutions for original equipment manufacturer (OEM) blade servers, and ASICs. These products enable servers to connect to local area networks (LANs), storage area networks (SANs), and NAS by offloading data communication processing tasks from the server as information is delivered and sent to the network.
Its Fibre Channel H! BAs connect host computers to a Fibre Channel network. The Company�� adapters support a range of operating systems and host computer system interfaces, including Peripheral Component Interconnect (PCI) and PCI Express-based platforms. Its Fibre Channel HBA offerings include single, dual, and quad port adapters at throughput speeds of two gigabyte per second, four gigabyte per second, and eight gigabyte per second for use in enterprise, large, medium, and small-sized organizations. The Emulex OneConnect UCNA is a single chip 10 gigabyte per second Ethernet platform designed to address the challenges of data center networks. The Emulex UCNA platform enables data center managers to consolidate multiple one gigabyte per second Ethernet links on to a single 10 gigabyte per second Ethernet link. Emulex HBAs and UCNAs are based upon its internally developed Fibre Channel and Ethernet IOCs. In addition, these IOCs can be used in embedded I/O environments, such as disk and tape storage arrays and storage appliances. Revenues from these applications are included in the Company�� Embedded Storage Products.
Embedded Storage Products
The Company�� Embedded Storage Products include the development of chip level, board level, and box level array based products that are deployed inside storage arrays, tape libraries, and other storage products to provide connectivity and protocol emulation functions. These products include embedded IOCs, I/O Processors (IOPs), SOCs, embedded bridges (FC/SATA/SAS), and embedded routers (FC/SATA/SAS). Emulex offers a range of integrated, embedded storage networking products for enterprise storage systems that deliver improved performance, reliability and storage connectivity. InSpeed is an advanced switching architecture that results in a single chip capable of handling multiple Fibre Channel devices operating at two, four, or eight gigabyte per second speeds. Its embedded router and bridge products consist of chip and firmware solutions.
! The Compa! ny competes with QLogic Corporation, Brocade Communications Systems, Inc., Broadcom Corporation, Intel Corporation, Chelsio Communications, Inc., Mellanox Technologies, Ltd., LSI, Marvell Technology Group Ltd., Maxim Integrated Products, Inc. and PMC-Sierra, Inc.
Advisors' Opinion:- [By Roberto Pedone]
Emulex (ELX) is a provider of a range of network convergence solutions that intelligently connect servers, storage and networks within the data center. This stock closed up 1.6% to $8.14 in Thursday's trading session.
Thursday's Range: $8.05-$8.22
52-Week Range: $5.72-$8.99
Thursday's Volume: 727,000
Three-Month Average Volume: 786,981From a technical perspective, ELX bounced modestly higher here right above some near-term support at $7.95 with decent upside volume. This stock has been trending sideways inside of a consolidation chart pattern over the last month, with shares moving between 7.50 on the downside and $8.46 on the upside. This modest spike is now starting to push shares of ELX within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if ELX manages to take out some near-term overhead resistance levels at $8.34 to $8.46 with high volume.
Traders should now look for long-biased trades in ELX as long as it's trending above some key near-term support levels at $7.95 or $7.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 786,981 shares. If that breakout hits soon, then ELX will set up to re-test or possibly take out its 52-week high at $8.99. Any high-volume move above $8.99 will then give ELX a chance to tag its next major overhead resistance levels at $10 to $11.19.
- [By John Udovich]
Mid cap networking solutions company Brocade Communications Systems, Inc (NASDAQ: BRCD) has pretty much been a sleeper for investors since the dot.com bust, but that has changed over the past year���meaning its worth revisiting the stock along with potential performance benchmarks�like QLogic Corporation (NASDAQ: QLGC), Emulex Corporation (NYSE: ELX) and iShares North American Tech-Multimedia Networking ETF (NYSEARCA: IGN). I should mention that we have recently Brocade Communications Systems to our SmallCap Network Elite Opportunity (SCN EO) portfolio because the company has successfully transitioned from being a hardware company to supporting virtual networks via software and it continues to offer best-of-breed technology.
- [By Eric Volkman]
A top-level promotion has taken place at Emulex (NYSE: ELX ) . The company announced that it has appointed Jeffrey Benck to be its CEO, effective immediately. He replaces James McCluney, who was named executive chairman of the board. In turn, McCluney displaces ex-chairman Paul Folino, who is to continue to serve as a director.
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