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CLTK designs and manufactures GaAs semiconductor components and
GaAs based subsystems used in the transmission of voice, video and data traffic
over wireless communications networks. Its GaAs semiconductor components and
subsystems are designed to facilitate broadband voice and data transmission in
mobile handsets and wireless communication infrastructures. CLTK's products are
used worldwide by leading manufacturers of wireless communications systems. For
the year ending 3/01 revenues have been cut by 8 - 10% to $88 million and net
income/share should be in the range of 45¢. Management released new
guidance on February 21, 2001.
Book - $13.30
Cash - 9.60
Debt - .04
Shares outstanding - 11.9 million - float 9.2
million.
52 week range - $11.50 - $68.125
Recent guidance extends into 1st quarter of fiscal 02 estimating
$22 million and a slight loss. Estimates for the entire year is not clear. We
believe that this stock may remain "dead" for a while based upon earnings! Our
main play is that CLTK is a super juicy takeover candidate at current levels.
If you subtract out the 10 bucks in cash, the company is being valued at $3.00.
INTC bought our XIRC recently at $25.00 - same scenario - a huge bundle of dead
presidents. Probably worth $25 - $30 in takeover. Even if they stand alone,
this company is run tight and clean and will reward patient investors. Wall
Street loved this one at the top and now runs for cover!
We intend to monitor CLTK in Tech Explosion Portfolio for
percentage gain performance.
Broker Contact: Greg Nelson at 1-801-256-2160. |
