Zacks senior semiconductor industry analyst Abdul Saleh was on hand recently to give us his updated viewpoint of this sector. He even told us what his top three semi Buy-recommended stocks are at this time.

What’s new in the semiconductor industry lately?

With a slowdown in the domestic economy, the chip companies are looking globally -- notably Russia, India, China and South America -- for growth, where the demand for technology is growing at a healthy 30-40% clip. In fact, Intel’s (INTC) CEO Craig Barrett was interviewed recently on this subject and reiterated this viewpoint.

The Street has not bought this thesis as yet, but if the numbers turn out to be what the companies are projecting, it may be positive for investors. Also, we got some exposure with the media in this sector -- I, myself did an IBD interview on Atheros (ATHR) recently -- and our

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Zacks senior semiconductor industry analyst Abdul Saleh was on hand recently to give us his updated viewpoint of this sector. He even told us what his top three semi Buy-recommended stocks are at this time.

What’s new in the semiconductor industry lately?

< ?DART(15);?> With a slowdown in the domestic economy, the chip companies are looking globally -- notably Russia, India, China and South America -- for growth, where the demand for technology is growing at a healthy 30-40% clip. In fact, Intel’s (

...

Altera's (ALTR) return on equity (ROE) of 35% crushes the industry average of 4%. The company is yielding 1%, which compares favorably to its peers as Altera is operating in an industry that offers very little in the way of dividends.

Company Description

Altera provides programmable logic devices (PLD), application-specific integrated circuits (ASIC), pre-defined design building blocks, and associated development tools. The company serves customers primarily in the communications, computer and storage, consumer, and industrial sectors. ALTR markets its products through a network of distributors, independent sales representatives, and direct sales personnel. It has operations primarily in North America, the Asia Pacific, Europe, and Japan.

ALTR Backed Guidance

The company recently reaffirmed that it expects third quarter sales to be flat to 3% lower than that of the year-prior. Altera added that it will announce third quarter results after market close on October 14, 2008.

Growth in the Second Quarter

Altera reported its second-quarter

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Zacks senior semiconductor industry analyst Abdul Saleh was on hand recently to give us his updated viewpoint of this sector. He even told us what his top three semi Buy-recommended stocks are at this time.

What’s new in the semiconductor industry lately?

With a slowdown in the domestic economy, the chip companies are looking globally -- notably Russia, India, China and South America -- for growth, where the demand for technology is growing at a healthy 30-40% clip. In fact, Intel’s (INTC) CEO Craig Barrett was interviewed recently on this subject and reiterated this viewpoint.

The Street has not bought this thesis as yet, but if the numbers turn out to be what the companies are projecting, it may be positive for investors. Also, we got some exposure with the media in this sector -- I, myself did an IBD interview on Atheros (ATHR) recently -- and our

...