The RF to Light 100 rose 2.4% last week, YTD +15% at 2466. Nasdaq up 2.3% at 2446. Freescale shareholders approved $ 17.6b sale to private equity firms led by Blackstone Group at $ 40/share. Antitrust OK'd Level 3 Communications acquiring Broadwing Corp. Motorola's mobile devices business is very strong. The cell phone industry is now shipping > 2 million units a day. Motorola remains # 2 cell phone maker after Nokia. Their shares rose 5%, Nokia's 1%. Nasdaq warns Applied Micro Circuits Corp. (AMCC)of delisting due to delay in filing its 2Q report, granted grace period before 12/21/06. Applied Micro is one of 100 companies under scrutiny for possibly backdating stock option grants.
In the news: Softer inflation data, lower oil prices and improving US growth rate set the stage for another winning week.
Market oversold indicator: down to 74%
Market overbought indicator: up to 56%
New Highs: AGR, ANAD, ERIC, FSL, HPQ, IBM, MSFT, TWX
New Lows : HEI
Top 5 - last week: Anadigics (14%), Amkor (14%), JDSU (13%), Bookham (11%), Sirenca (10%)
- YTD: Broadwing (148%), Rogers (87%), Finisar (86%), Sirenza (78%), Avici (77%)
Bottom 5 - last week: Zhone (-29%), Sanmina (-9%), Vitesse (-8%), ATC (-7%), Jabil (-3%)
- YTD: HEI (-59%), Zhone (-54%), Powerwave (-49%), ADC (-38%), Vitesse (-38%)
By Sectors:
Space & Defense : +4%, YTD +19%
Communic. Services: +1%, YTD +32%
Network Systems : +2%, YTD - 2%
RF Semiconductors : +4%, YTD +10%
RF Components : +1%, YTD +16%
F/O Components : +4%, YTD +18%
Miscell. : +1%, YTD +15%
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RF to Light 100 : +2%, YTD +15%