This evaluation of the low-cost flash memory

Apple succeeded in breaking the 20th of Microsoft's market capitalization had created record pendrive 2 gb major media and market analysts hailed "the history of the world's most valuable company. However, the three major U.S. stock indexes remained unmoved edged down for the closing.Apple's stock price the day continued to move up close than the previous trading day up 2.63%, up to $ 665.15, the closing price the day the U.S. stock market is the most dazzling stocksThe shares rose to promote Apple's total market capitalization rose to $ 623 igogo billion,breaking the market capitalization of $ 620.5 billion record created by the Microsoft Corporation in 1999, its market capitalization championship to add historic title.Apple surpass Exxon Mobil to become the most valuable company in the world last year. Widely expected Apple shares may easily break $ 700, when its total market capitalization is bound to continue to climb.Apple this round the shares soaring mainly due to the outside of its highly anticipated next-generation Apple phone. Analysts also believe that Apple plans to introduce improved Pocket Tablet PC is likely to affect its competitors.In addition, Apple will enter the field of television news market exciting. "Wall Street Journal" and media reports, Apple is working with U.S. cable operators to negotiate, so that consumers can watch live TV and other content with Apple's new deviceMarket analysts believe that Apple's stock price is too high, investment risk, it is recommended to exercise caution. Apple declined to comment further on its new products and its share price performance.
Coincidentally, Apple's current share price and its early launch of the Apple computer prices fairly. Apple's first pendrive 1 gb generation of computers in the retail price is about Chun Hing the Seiko gross margin is expected to improve, alloy case growth will be driven by the performanceAlloy case will drive growth for the company Companies cabinet business orders is not difficult, just a short bottleneck capacity, but the new CNC equipment basically put in place in the end 5-6, when the company chassis production capacity will be increased dramatically, the fourth quarter chassis monthly production capacity is expected to reach 5 million units to meet the demand for Samsung's orders. Samsung chassis orders are expected to contribute this year from the current situation, a profit of about 45 million. Samsung 5-series business, the company is mainly to Samsung stamping processing, so there is no related to CNC machining, we conservatively estimate that the piece should bring a profit of about 400 million. And the traditional structural parts business is expected to add about 20 million in profits, 11 years, the company more than 10 million of foreign exchange losses this year is expected to be eliminated. Therefore, we predicted that from 2012 to 2014, the company EPS were 0.75,1.39,2.44 yuan, giving the company a buyratingLuxshare in the 2011 acquisition of peer the Kunshan associated Tao, thereby indirectly into the Apple product line for Apple iPad tablet PCs, smart phones, cable and other products.
Proposed acquisition of Andrew factories in China, entered the United States market, the 12-year pendrive usb results of thickening yuan expansion through the acquisition of rich technology, mobile communications RF devices, the types of products and production capacity for structural parts chain optimization and integration of the company's estate. Secondly rich technology CommScope company through the acquisition of strategic suppliers to get the company to enter the North American market channels. The acquisition does not include the accumulation of core technology and intellectual property, and therefore lower valuation. The program is: 159.1 million yuan in cash, equivalent to PB times, PE 4.5 times. Andrew reason why the sale of the company, because the company doing the design, assembly and does not involve machining abrasive, cutting, coating and other sectors, the 2011 net profit was expect to send rich technology to help Andrew continued reduce costsAcquisition feasibility study report relatively prudent expected revenues of million, net profit of 70 million, for thickening performance of 0 yuan. The wireless industry is still at the bottom poised to stage in will become the global 4G
The the rich technology market, the industry worries more is as RF manufacturing enterprises, higher gross margins, as Huawei violently suppressed, 2011, consolidated gross profit margin of the company has fallen 35%, due to the wireless industry boom in 2012 not visited, we also believe that this year, the gross profit margin will not resume immediately, so do the scrutiny of the company's gross margin, the conclusion is that the company's gross margin this year will be at historic lows, about 30% -32 % level. So gross margin will no longer be possible to decrease (compared to slightly lower) body parts companies in the same industry.Operating profit this year and last year about flat or slight growth. During changes in the cost trend, sales, management expense ratio flat with last year or slightly below, the financial expense ratio rose.The investment advice a quarterly EPS0.01 yuan, up sharply. Huawei orders gross profit margin is too low, a small amount of new products shipping but not yet constitute supporting contributions. We estimate that this year's performance in the case of not considering the acquisition of approximately same as last year, EPS is about 0.60 yuan. Its path around the 1-4 quarter, 0.01 yuan, 0.15 yuan, 0.20 yuan and 0.25 yuan. Therefore, the short-term performance of the company is still under pressure, but the ring data will improve significantly.The acquisition does not constitute a major asset restructuring company thickening of 0.22 yuan in 2012 pro forma results and full year EPS of $ 0.82. We expect that next year the company will achieve a growth of about 39% of the net profit growth of about 40% -50%, 13-year EPS of about 1.2-1.3 yuan (including the acquisition).
We believe that the company is a private enterprise, one of the few large-scale introduction pendrive baratos of the personnel of the multinational companies such as Ericsson, Alcatel-Lucent enterprise strategic path is the global wireless RF field alternative, but also conform to the trend of the global equipment manufacturing industry, suggest close attention to the quarter. We give three months 20 times PE 16 target price, and maintain our BUY-A investment rating. TheEssence Securities Hou LeeChukyo Electronics domestic customers to develop a smooth, cost control is the key the main business of the company printed circuit board (PCB) income over the same period last year increased by 24.34 percent, of double panel revenue of million yuan a year-on-year growth of multilayer income of 181 million yuan, a year-on-year growth of 11.32%; income of aluminum plate 2.2344 million yuan, a year-on-year growth of 59.57%. The double-sided faster growth mainly because of the increase in production capacity, and faster growth in customer orders due.The business tendencies domestic customers to develop smoothlyDomestic sales for the company inmillion yuan, a year-on-year growth of ; foreign sales of million yuan, down year-on-year, mainly due to the decline in demand on the international market igogo