SOURCE: Rothman Research

Rothman Research

April 30, 2010 09:09 ET

Semiconductors Making Positive Strides

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 30, 2010) - www.rothmanresearch.com -- The chip industry has come a long way since last year's meager earnings performances. With consumer spending on an uptrend regarding personal computers, companies in the semiconductor sphere have seen recent quarters' results slightly in the green. There is growing anticipation that businesses will up their game and start purchasing more computers in the coming months as the economy starts to slowly strengthen. Another market that has bode well for chip-makers in recent months, especially in emerging markets, have been cell phones. Qualcomm Inc. (NASDAQ: QCOM), which provides chipsets and other cell phone technologies to several high profiled mobile makers, delivered positive results in its latest second quarter earnings report which were in line with the street forecasts. Revenue soared to $2.66 billion which represents an 8% increase as compared to the same quarter of 2009. Profits were also on the rise at $774 million as compared to a loss of $289 million last year. 

*Direct & free downloadable report on QUALCOMM Inc. is available by signing up now at http://www.rothmanresearch.com/article/qcom/23495/Apr-30-2010.html

Qualcomm was, however, shunned by investors as they felt uncomfortable with the company's short-term outlook amongst others. "Qualcomm is out of favor for the moment as investors assimilate the negatives from the company's last earnings report. However, we believe we will soon see a U-turn in traders' sentiment as Qualcomm continue to pursue the 3G and 4G wireless market in the Asian emerging economies," commented Mathew Collier of www.rothmanresearch.com.

* www.rothmanresearch.com is a source for investors seeking free information on the 'Semiconductor - Integrated Circuits' industry; investors are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

"One company that we believe will do overly well in 2010 within the semiconductor industry is Marvell Technology Group Ltd. (NASDAQ: MRVL). The company looks well positioned to lay its mark on the industry and possibility for growth is real... We are looking forward for the company's quarterly results on May 17th," added Mathew Collier.

*Complimentary downloadable research on Marvell Technology Group Ltd. is accessible upon registration at http://www.rothmanresearch.com/article/mrvl/23496/Apr-30-2010.html

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