Semtech Corporation (SMTC) is a fabless supplier of analog and mixed signal semiconductor devices. Management has been diversifying the product portfolio, introducing new high-margin products and broadening the customer base. July quarter revenue was in-line with consensus estimates, while the EPS exceeded.Forward guidance is for a 0-4% revenue increase in the October quarter. With backlog increasing again in Q2, we do not expect results to fall short of guidance. Both revenue growth and margin expansion are expected as new product platforms gain traction. We are reiterating our BUY rating on Semtech Corp. shares. Although the macro situation in the U.S. was expected to impact consumer spending, the consumer segment grew very strongly in the last quarter, and management expects continued growth in Q3. We expect the shares to trade higher within the next six months. Consequently, we are reiterating our $20 price target (21.1x ...

Companies that make technology products need companies such as Amtech Systems Inc. The company is a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and silicon wafers. Amtech has their headquarters in Tempe, Arizona and are part of the NASDAQ exchange. Founded in 1981, they manufacture capital equipment, including silicon wafer handling automation, thermal processing equipment, and related consumables used in fabricating solar cells and semiconductor devices.

Amtech Systems Inc. operates four wholly owned subsidiaries. Their Amtech Automation, which is the company’s headquarters, designs, manufactures, and sells products used in the fabrication of semiconductor devices and wafer manufacturing. These include diffusion furnaces, furnace automation, and wafer polishing consumables. Their systems are for automating the loading and unloading of silicon wafers from all brands of existing and new semiconductor diffusion furnaces.

The company’s Bruce Technologies Inc. has their base in Billerica, Massachusetts. This subsidiary

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We maintain our Buy rating on the shares of Semtech Corporation (SMTC), a fabless supplier of analog and mixed signal semiconductor devices. July quarter revenue was in-line with consensus estimates, while the EPS exceeded.

Shares of Semtech are currently trading at a 15.6x multiple of price to our current 2009 earnings estimate (P/E). The healthy pipeline and robust design win activity are encouraging. The backlog increased again in the last quarter, with lead times stretching out a bit. The margin story surrounding the stock is regarding its power management product line. The new power management products will raise the segment gross margin to within the long-term targeted range.

Therefore, cash flow is likely to strengthen. While the Reynosa fire will result in weaker results for the power discrete product line, the net impact on overall results is not expected to be too great. Although the macro situation in the

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It looks like everything can be negotiated in Idaho. In 2005 the town of Santa, Idaho changed its name to SecretSanta.com for one year, in return for $20,000. More recently new fiscal legislation passed with the aim of stimulating the economy statewide. Some interesting facts about Idaho are next:1. $19.17 million reduction on corporate income tax legislation just passed.2. Idaho is 5th nationally for entrepreneurial action3. Idaho’s top agricultural products are dairy products, cattle and calves and potatoes.4. Idaho’s mining sector includes silver, phosphate rock and gold.5. Service industries are the largest sector of Idaho’s economy.6. Idaho’s financial sector grew 7% between 2005 and 2007.7. The mining industry generates 4,100 jobs in the state. 8. Idaho’s Sun Valley is one of the country’s favorite tourist destinations.9. Idaho’s gross product in 2004 was $43.6 billion.10. ...