| From: Paul Mangione | 1/25/1996 1:22:00 PM | | | | | |
MAXIM
William-
I don't know why no one wants to talk about MAXIM besides me. But
the recent jump over the last week clearly shows this company is still
growing. How were the last quarter's earnings?
-PLM |
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| To: Paul Mangione who wrote (1) | 1/26/1996 1:40:00 AM | | From: olduser | | | |
re MXIM
Paul:
You can talk to me all day about MXIM! I'm an EE and mostly invest in
tech stocks - I look at 10K's, etc. but I also have a good feel for
the product. Not a "gut feeling" - I use their devices in real
products. I see their advertising and it's first rate (all of
this is in the Technical Magazines). I bought MXIM 5 years ago after
a routine product inquiry - I said to myself, "These folks have their
act together". After 5 years I'm up about 1300 percent. Bought some
more just before the tech decline, and I'm STILL up on that.
MXIM closed today within a point of it's all-time high. Not many tech
stocks can claim that. (And I hold other good ones that will again
have prices that reflect their value.)
Haven't seen earnings, but I don't really rush to see earnings reports
- I know lots of folks know this before me, and the market movement
for MXIM probably bodes well.
What other stocks do you follow? I have some Medical (tech) stocks -
I-STAT (STAT on NASQAD) for example. HP bought 30% of the company last
year. (I'll tell you about Fetal Monitoring Systems some other time).
Bill |
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| From: Dharmesh Jani | 1/26/1996 11:49:00 AM | | | | | |
Hello! Fellow EE.
Actually I came across ISTAT 2 years back when I was doing my research
on chemical sensors (and much before I did any stock stuff).
But now I am curious to know how the company has faired in last few
years?
Any comments?
Dharmesh |
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| From: Paul Mangione | 1/26/1996 5:29:00 PM | | | | | |
William -
Well I have an EE background as well - BS/MS EE MIT. I am now
working on Wall Street, so I am starting to get a good feel for the
information the analysts use when they size up a company.
Maxim is in good shape because it has practically no debt. Even after
purchasing the TEK fab (in 94?) they still have plenty of cash. It will be
interesting to see what happens as they grow and become a power in
Analog Devices and National Semis markets.
As Maxim grows, there may be an interest to move into commodity semi
market where National has always been a key player. The profit margins
are tiny in this market. You make money in volume - and MAXIM may
be able to leverage their popularity in the areas of power control to op-
amps and other generic analog components. (Then again maybe not?)
What do you think?
In terms of high speed electronics, Maxim seems to be doing well.
Buying the TEK high-speed fab will enable them to build some really
fast ADCs/DACs. (Are they also moving into the high resolution market
i.e. Delta-Sigma converters?) And their timing couldn't be better -
the explosion in wireless communication provides a huge market.
I recently read some projections on growth of cellular and other wireless
devices in the US. In '95, 12% of the US population owned cellular phones.
By '00 that number will be around 60-70%.
I would really appreciate if you could give me a run-down of Maxim's
current product groups and their key products.
Maxim has a web site at www.mxim.com but it really empty.
-Paul |
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| From: code a lot | 1/30/1996 8:50:00 PM | | | | | |
Did you catch the action day before earnings. They sold off on ru-
mors that they were going to miss estimates down 5. We beat est.
by .01. Solid report all report (except for shortage of qualified
personnel for new plant in Oregon). Sizeable backlog still which
means bookings are continuing to be solid. Yet we could get back only
3/4 of a point today. What a strange market we are in! |
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| To: Paul Mangione who wrote (1) | 1/30/1996 9:53:00 PM | | From: olduser | | | |
Paul:
Their earnings were a bit ABOVE estimates, though I hear the 5-point
hit a few days ago was based on rumors that they would be below. I's
strange that a company can lose 10% if it's value in a day because
they had a BIG earnings, but not just a little bigger.
I still believe the "experts" will pump up stocks, then tear them down
on a moments notice --- but over the long-haul (and thats 5 years or
less in this game) quality, management, stability, etc. will keep
pushing the curve upward.
Bill |
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| To: code a lot who wrote (5) | 1/30/1996 10:02:00 PM | | From: olduser | | | |
Strange indeed - long term means more than a year! I find it amazing
that they are able to bring so many new products to market so quickly.
And they are so damn good and inovative. I could ALMOST believe they
are run by the Mafia, where a guy named "Guido" tells their crack
designers, "Your a not gonna leave this company!" -- JUST KIDDING!
I put my money where my mouth is - bought some more just a couple of
months ago. Wish I could say that about some other stocks!
Bill |
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| To: Paul Mangione who wrote (4) | 1/30/1996 10:33:00 PM | | From: olduser | | | |
Hello Paul:
You have certainly moved to a place where your MIT-EE talents are
sorely lacking. Any analysis of a technical company needs to be done
in part by a qualified technical person. Particularly with a company
like Maxim. You don't buy a Maxim computer - there isn't even a label
that proclaims, "Maxim Inside". But there's a good chance that many
DO have Maxim components (especially laptops).
A great strength they have, in my opinion, is that they are NOT tied
to the PC business. Their products span many markets.
Did I mention that I went to MIT as well? Way back in 1957. I was a
Lambda Chi Alpha and walked the Harvard bridge more times than I like
to remember. Tough for a boy from South Louisiana (now in San Antonio,
TX). I was co-founder of a company in New Orleans called TANO Corp.
that grew from 3 to 400 & had a public offering. We were purchased by
a company called Rexnard (later acquired by someone else). I left
right at that time to take over a family business in TX, but I am
still involved in design with two companies in the medical &
industrial fields (both in Dallas). I have toured many manufacturers,
done business with many, been touted to become an investor in many,
and more than once I have thought about the poor quality of REAL
information available on technical companies.
A lifetime friend in Houston is a Petroleum engineer who got caught in
the 1980's oil decline. He spent about two years learning the nuts
and bolts of the investment business & is now a CFP, etc. He's doing
VERY well - and most of his clients are oil company people.
Paul, wonder who you work for? My e-mail address is:
bringier@connecti.com in case you don't want to broadcast it.
Good to meet another Beaver - (the root of many jokes).
Bill |
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| To: Dharmesh Jani who wrote (3) | 1/30/1996 10:43:00 PM | | From: olduser | | | |
Dharmesh:
Hewlett Packard, which has a huge medical business, bought 30% of the
company. I don't have lots more info except they went from 18-46 in
the last 12 mo. and are now back at 31. You should have bought 2 years
ago! (Or when they went piblic.) -- Don't we all wish we had done
those things.
Bill |
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| From: olduser | 1/31/1996 9:50:00 PM | | | | | |
If you saw my comment to Dharmesh about Hewlett Packard making a 30
percent investment ---- I WAS ANSWERING A QUERY ABOUT A COMPANY
CALLED i-stat (nasqad STAT). Sorry about any confusion.
Bill |
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