AllAmericanPicks.com

May 30, 2011 07:00 ET

What a "Short Week" Could Hold for Small Cap Tech Stocks Advanced Analogic Technologies and FiberTower Corp.

Will Impressive Gains By Advanced Analogic Technologies Inc. (AATI) and FiberTower Corp (FTWR) hold in Tuesday's Trading?

LAS VEGAS, NEVADA--(Marketwire - May 30, 2011) - Advanced Analogic Technologies Inc. (AATI) shot up 55 percent to $1.72 in large part because Skyworks Solutions, Inc. (SWKS) has signed an agreement to purchase AATI. This acquisition expands Skyworks' portfolio with power semiconductor devices such as battery chargers, voltage regulators and LED drivers. The analog power management market is expected to grow to $12.1 billion in 2014, up from $9.9 billion in 2010, according to Gartner market research.

The agreement to acquire Advanced Analogic Technologies is for $6.13 per share, representing a 52 percent premium to the company's 30-day trailing average. The $6.13 nominal share price consists of $3.68 per share in cash and .08725 of a share of Skyworks common stock for each outstanding share of Advanced Analogic Technologies common stock.

FiberTower Corp. (NASDAQ - FTWR) was up 62.16 percent, trading at $1.80, up $0.69. Volume traded was 4,733,501, compared with average volume of 369,365. The 52-week range was $0.73 to $4.87. Shares were rose on numerous reports of continuing growth opportunities in the wireless sector.

FiberTower Corporation is a backhaul and access transport provider focused primarily on the wireless carrier market. Due to the rollout of mobile broadband access networks, bandwidth demand in the wireless network is rising exponentially, putting considerable strain on old copper infrastructure designed to backhaul voice traffic.

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