First Things First:

RF to Light index for the week ended March 9, 2007. The RF to Light 100 index rose 1.9% to 2503, YTD +2%, regaining 1/3 of the previous 6% fall. NASDAQ up 0.8%. The RF semiconductor market segment took the lead with a 3% gain, up 12% for the year. I recorded more financials quarters ending Dec. 06, confirming the trend: financial strength up but with a downward trend, revenue trend down, total cash down, free cash flow down.

In the News:

Economic indicators remain comfortably above last summer’s lows, U.S. growth prospects are still reasonably positive, and investors rediscovered their appetite for risk, pushing Dow, S+P 500 and NASDAQ higher. Dover acquired Pole-Zero for an undisclosed amount. Billionaire George Soros’s investments include Triquint Semiconductor and Ciena, betting that telecom equipment suppliers are moving up again.

PIS (personal investment system):

Within 5 year low: EXITED: Maxim, Zohne Within 2 year low: no change
Within 5 year high: JOINED: MEMC, HP Compaq, Harris, Cisco
Within 2 year high: JOINED: Teradyne, Amkor, Crown Castle, Anadigics

New Highs:

AEIS, HLIT

New Lows:

ANEN, COHR, COMS, HSTX, PWAV

Market Oversold Indicator:

down to 79%.

Market Overbought Indicator:

up to 61%.

Top Five:

Last Week:

Aeroflex (+19%), Zhone (15%), Advanced Energy (12%), Memc (10%), Harmonic (9%

Year to Date:

Harmonic (+43%), Memc (41%), Anadigics (39%), Hittite (30%), Amkor (28%)

Bottom Five:

Last Week:

Conexant (-9%), Powerwave (-6%), Bookham (-4%), 3Com (-4%), AMCC (-4%)

Year to Date:

Bookham (-41%), Powerwave (-24%), Oplink (-22%), Rogers (-17%), ATC (-16%)

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For the week of March 12th

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The RF to Light 100 is an abstract of the RF to Light 100 Pulse of the Industry Report, produced by industry veteran Gunter Vorlop.

The full report includes extensive economic data covering 100 public companies operating in markets that include space & defense, communications services, network systems, RF semiconductors, RF components and F/O components. It includes 12 spreadsheets with charts that are updated weekly, providing financial insight into the microwave industry for investors and corporate managers.

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DISCLAIMER:

Views and data expressed herein are solely those of Mr. Vorlop and not of his employer, Presidio Components Inc. nor those of Microwave Journal.

By Sectors:

Space & Defense:

-2%,YTD +3%

Communic. Services:

+1%, YTD -1%

Network Systems :

+1%, YTD -2%

RF Semiconductors:

+3%, YTD +12%

RF Components:

+2%, YTD -3%

F/O Components:

+1%, YTD -4%

Miscell.:

+2%, YTD -1%