Zoran (ZRAN) held an analyst day yesterday at its Sunnyvale, CA headquarters. Well attended by Wall
Street, analysts generally left the event confident on the firm’s growth drivers and strategy but still very worried about the macroeconomic milieu at present.
Deutsche Bank believes in the Zoran story as it believes the firm will continue to see strong growth in digital TV and mobile phones in the second half of 2008. The bank believes ZRAN will conies to see demand driven from emerging markets with some support provided by converter box revenues. In a note to investors published yesterday, DB analysts said the leader in the consumer semiconductor market believes “that it is gaining share in printing, DVD, mobile phones, TVs, and printing.” (Continue »)
Stock of the Month: ZRAN
Zoran (Nasdaq: ZRAN), was January’s Stock of the Month as part of our new subscription newsletter, Israel Opportunity Investor. You can find out more about the product and the opportunities we cover at www.israelnewsletter.com
Background
Zoran develops and markets integrated circuits (ICs) that provide digital signal processing (DSP) capabilities to a variety of consumer electronic products. These products are used in DVD players, home theatre systems, and digital cameras. The company also develops products for digital video delivery via set-top box or television. The company sells through Original Equipment Manufacturers (OEM) who package them into digital and audio products sold to consumers.
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Written by: Zack Miller | December 4, 2007
Merrill Lynch published a research report yesterday on Marvell Technology Group (Nasdaq: MRVL) as part of a “What the heck do investors do in 2008″ piece.
In a relatively bold move, Merrill gets contrarian on this call as sentiment on Marvell has soured since they reported earnings last week. Merrill thinks that 2008 is a pivotal year and investors need to tread carefully as they choose which subsector of technology to plow their money into.
The bank recommends buying Marvell with a $20 price target based on “solid topline growth, gross margin expansion, and better opex discipline.”
We wrote recently about cost cutting measures the company was taking in the wake of disappointing, though not disastrous, earnings.
Israel Opportunity Investor editor, Aaron Katsman, believes that this may be a good time for an entry into the stock as well. He wrote recently, “Keep in mind the relationship with Apple(AAPL). Marvell is currently supplying the WiFi chip in the iPhone, and many analysts are predicting that it will grow the Apple relationship, especially for the next-generation video iPod player.”
It’s definitely a stock with hair on it. But after taking a recent haircut, it may be an interesting, albeit drawn-out, play.
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Disclosure: Author’s fund has a position in MRVL. He holds no position in any other stock mentioned, as of 12/04/07.
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Zack Miller is the Managing Editor of the Israel Opportunity Investor newsletter and a former equity analyst for a leading multinational hedge fund. For more information, go to www.israelnewsletter.com, call 1-888-327-6179, or email zack@israelnewsletter.com
Written by: Zack Miller | November 22, 2007
Globes reports today that Marvel Technology Group (Nasdaq: MRVL) is set to embark on a restructuring plan that would include paring back Israeli staff, numbered at 1200, by about 150-200 employees.
Legendary hedge fund investor, George Soros, recently added to his position in the chip maker.
