VERIGY LTD. $24.63 (Nasdaq symbol VRGY; SI Rating: Speculative) (1-800-447- 8378; www.verigy.com; Shares outstanding: 59 million; Market cap: $1.5 billion) designs and makes test systems used in computer-chip production.
Verigy shares jumped in late February after it reported earnings of $0.28 a share in the three months ended January 31, 2007, up 12% from $0.25 a year earlier. Revenues fell 2.9%, to $165 million from $170 million. The stock has risen 43% since we first recommended it at $17.17 in the November, 2006 issue of Stock Pickers Digest.
Thanks to its balanced product portfolio, Verigy posted stronger results, despite overall weakness in the semiconductor (computer chip) test industry. The company holds cash of $300 million, or $5.10 a share, and has no debt. Verigy spends around 14% of revenues on research and development.
Verigy is still a buy. buy…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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