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- THE FRIDAY LETTER -
(emailed weekly,
from Gilder Publishing,
for friends and subscribers)
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| http://www.gilder.com/ | Issue 308.0/August 31,
2007
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HEADLINES:
- The
Week / Gilder: Semitool’s Solid
- Friday Feature / Net’s
Pipes Can’t Keep Up with YouTube Age
- Friday Blogger Bonus / Israeli Stocks
- Readings /
SPECIAL
FRIDAY LETTER OFFER
|
-
The Call of the Entrepreneur (Pre-release film screening) -
The Critical Path of Fiberspeed Connectivity, featuring Eli Fruchter of
EZCHIP |
The
Week /
Semitool’s Solid
Gilder Telecosm
Forum Member
#1 (8/28/07): I just had a nice run on some Sigma
(SIGM) options I had been trading and I want open another trade. After reading
many posts here, three ideas come up:
1. Recent suggestion of the Jan 09 NetLogic (NETL) calls (but these
are far out time-wise)
2. A block of Power-One (PWER), at nearly a 10 year low
3. A block of Semitool (SMTL), at a very good trading low
Does any one want to offer any more suggestions or comments before I
establish a position today?
George Gilder (8/28/07): Semitool (SMTL) is a solid company with splendid management and
technical mastery playing a critical and ever expanding role in the transition
of the microchip industry to copper metalization, which entails a
transformation of some 16 percent of wafer fabrication steps. Its market cap,
near its annual revenues of under $300M, is close to its 12-month lows except
for a brief dip to near $7.
To read George’s comments
on Power-One (PWER),
login with your subscriber ID today, at http://www.gildertech.com/.
__________________________________
|
The Gilder
Telecosm Forum |
Friday Feature / Net’s
Pipes Can’t Keep Up with YouTube Age
Robert Mullins, Network World (8/30/07): The
Internet needs a massive investment to keep up with the demands of YouTube
fans, billions of e-mails and wireless access, a university study states.
If the network that carries Internet traffic were a highway, it would be as if every car owner, “rushed out and traded in their cars for massive 20-wheel trucks,” stated the report from University of California-San Diego Professor Michael Kleeman, a senior fellow at the USC Annenberg Center for Communication.
In the report, titled “Point of Disconnect,” Kleeman
writes that there needs to be a massive expansion of network capacity in the
United States, and even though network operators are making those investments,
it still may not be enough to keep up with demand.
The
report also calls for greater use of compression technology, especially for
large video files, to reduce demands on the network. Kleeman noted that the
number of new videos uploaded daily to the popular video-sharing Web site
YouTube.com jumped to 65,000 at the beginning of this year from 20,000 at the
beginning of 2006, and that one minute of video requires 10 times as much
bandwidth as a voice phone call….
Read the complete article:
http://www.networkworld.com/news/2007/083007-internet-traffic-increase.html
________________________________________
Friday Blogger Bonus / Israeli Stocks
Shlomi
Cohen, www.Globes.co.il, Israel business news
(8/28/07): Two small Israeli stocks in my portfolio, Ceragon Networks Ltd. (CRNT) and LanOptics Ltd. (LNOP) stood out this week,
since they both recovered from the crisis at an amazing speed, hitting two-year
highs during Friday's session. I wrote some time ago, that Ceragon's stock has
been "captured" by strong American hands, and last Friday those hands
did not tremble as they acquired it at prices upward of $18, 44% higher than
the low reached in the previous week when the crisis was in full swing….
As for LanOptics,
Friday's gain was apparently the result of a prominent report by a technical
expert on "TheStreet.com" whose headline described it as a
"small-cap tech stock that could break out." On a day of sharp gains,
a report like this is enough to fuel any small stock. In addition, at the
beginning of the week, LanOptics sold 800,000 shares at $14.88 each to a private
investor called James Cheney.
In
my view, this sale of 800,000 out of an open prospectus for 2.5 million shares,
strengthens those investors who believe the company has a great future, even it
is traded at a level that reflects a value of at least $350 million for its
sole asset, EZchip Technologies Ltd. It turns out that the
"anonymous" investor is a longstanding member of George Gilder's
forum and the latter's enthusiasm over EZchip's network processors apparently
played a key role in his decision to invest $11.9 million in one company.
Read Cohen’s complete post:
http://www.globes.co.il/serveEN/globes/docView.asp?did=1000248322&fid=1176
__________________________________________
Readings /
LanOptics to Present at Roth Capital Partners 2007 New York
Conference
http://money.cnn.com/news/newsfeeds/articles/prnewswire/UKTH02630082007-1.htm
Google’s Secret Society
http://www.forbes.com/technology/2007/08/28/google-brazil-network-tech-cx_ag_0828orkut.html
Who’s to Blame for the Sub-Prime Problem?
http://article.nationalreview.com/?q=NjcxODIyMDI3OWI5MGJhZGE3NzVmZGFkZTk2YTE5ODk=
The Weekly GTI
http://www.gtindex.com/
Worm in the Apple
http://www.forbes.com/technology/2007/08/28/apple-jobs-computers-tech-cx_bc_0829apple.html
How
Internet Traffic is Increasing Network Equipment Spending, Part I
http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx?SiteName=InvestorPopUp&ArticleId=NS20070809124129IndustryInsight
__________________________________________
FRIDAY LETTER STAFF
Editor: Mary Collins George / mcollins@gilder.com
Research: Sandy Fleischmann / sfleischmann@gilder.com
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