Canaccord Genuity Morning Coffee on Atmel (ATML), 3D Systems (DDD) and Integrated Device (IDTI): Suc-CES
Tweet
Share
E-mailGet Alerts ATML Hot Sheet
Price: $8.14 --0%
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity Morning Coffee on Atmel (Nasdaq: ATML), 3D Systems (NYSE: DDD) and Integrated Device (Nasdaq: IDTI): Suc-CES.
Canaccord Genuity Technology Analyst Bobby Burleson attended the Consumer Electronics Show last week, coming away most impressed with Atmel, 3D Systems and Integrated Device Technology. Regarding Atmel, attention at CES was diverted away from the company’s new products and toward potential competition from apps processors; however, in his view, Nvidia’s (Nasdaq: NVDA) Direct Touch doesn't eliminate need for maXTouch or other stand-alone touch controller solutions. Nevertheless, several positive near-term catalysts could move shares higher, including the end of a transition to single chip for tablets, the conclusion of inventory digestion at key touch customers, and a ramp of new customer designs around Mobile World Congress late February (including Chinese customers). Later this year, Atmel should garner substantial share in Win8-based ultrabooks, tablets, and all-in-one desktops. 3D Systems made a strong debut, introducing The Cube (consumer 3D printer) and Cubify.com (apps ecosystem for 3D content). In Burleson’s view, CES successfully builds on 3D’s analyst day last May, where the company first announced its consumer growth initiative. In keeping with the original plan, Cubify.com revenue sources will derive from an ecosystem that includes uploaded 3D content and apps for sale, and downloaded content and apps for use, while leveraging 3D’s online printing services or a personal printer. Management sees the 3D consumer market as a democratizing process that will put once narrowly held technology into the hands of everyday people. Burleson expects The Cube to begin shipping in Q2 at $1,299, and offer unparalleled ease of use by allowing consumers to design and create 3D content without CAD experience via any mobile device or Kinect. While power management solutions were the company’s focus during CES, Burleson views the Q1 ramp of Intel’s (Nasdaq: INTC) Romley as the key H1 driver for Integrated Device Technology. The company’s high share in server memory interface should offset some of the macro weakness likely to be experienced by the group in Q1. Burleson sees opportunities for new power management solutions, including PMIC, although these are likely to impact H2.
Canaccord Genuity Technology Analyst Bobby Burleson attended the Consumer Electronics Show last week, coming away most impressed with Atmel, 3D Systems and Integrated Device Technology. Regarding Atmel, attention at CES was diverted away from the company’s new products and toward potential competition from apps processors; however, in his view, Nvidia’s (Nasdaq: NVDA) Direct Touch doesn't eliminate need for maXTouch or other stand-alone touch controller solutions. Nevertheless, several positive near-term catalysts could move shares higher, including the end of a transition to single chip for tablets, the conclusion of inventory digestion at key touch customers, and a ramp of new customer designs around Mobile World Congress late February (including Chinese customers). Later this year, Atmel should garner substantial share in Win8-based ultrabooks, tablets, and all-in-one desktops. 3D Systems made a strong debut, introducing The Cube (consumer 3D printer) and Cubify.com (apps ecosystem for 3D content). In Burleson’s view, CES successfully builds on 3D’s analyst day last May, where the company first announced its consumer growth initiative. In keeping with the original plan, Cubify.com revenue sources will derive from an ecosystem that includes uploaded 3D content and apps for sale, and downloaded content and apps for use, while leveraging 3D’s online printing services or a personal printer. Management sees the 3D consumer market as a democratizing process that will put once narrowly held technology into the hands of everyday people. Burleson expects The Cube to begin shipping in Q2 at $1,299, and offer unparalleled ease of use by allowing consumers to design and create 3D content without CAD experience via any mobile device or Kinect. While power management solutions were the company’s focus during CES, Burleson views the Q1 ramp of Intel’s (Nasdaq: INTC) Romley as the key H1 driver for Integrated Device Technology. The company’s high share in server memory interface should offset some of the macro weakness likely to be experienced by the group in Q1. Burleson sees opportunities for new power management solutions, including PMIC, although these are likely to impact H2.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Deere (DE) PT Raised to $585 at JPMorgan
- Benchmark Reiterates Buy Rating on NVIDIA (NVDA), Updates Estimates
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
CESSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
