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Simtek Corp.: A Tech Company Turning the Corner

If you're up for a modest risk in a very smart young semiconductor company, Simtek Corp. (OTC: SMTE) might be a good bet for you, one with some real upside. I see a double your money here!

So far SMTE has yet to turn a profit, but management expects the fourth quarter results to be quite strong, and enough to put the company into profitability for the first time.

I think this is the time to get in with this company. The numbers have been steadily improving, with the third quarter 2006 results at 242% above the third quarter of 2005, and the net losses steadily diminishing. Cypress Semiconductor Corp. (NYSE:CY), one of the leading semiconductor companies in the industry, has taken a strong position on SMTE, and clearly it believes Simtek's products have real potential. It's products are currently being used in the U.S. Military Apache helicopters, Ricoh copiers, and prosthetic limbs, among other items).

I think this company could be growing at a 50% clip over the next few years. The company has applied for a NASDAQ listing, which will give the stock a much higher profile, and can only help the price. If you can take a slight risk, I think this one could make you a lot of money.

Type of stock: A relatively young semiconductor company that is on the verge of breaking out.

Price target: As long as this stock is below $5, I think it's worth picking up and holding for at least a year or two -- this is a double to $10.

hilaryonstocks at 1:13:00 PM EST Blog about this entry
This entry has 5 comments: (Add your own)
  • #5 Comment from markinmsp 
    2/2/07 11:09 PM Permalink
    There was just a typo error on the symbol, it is SMTK, not SMTE.
  • #4 Comment from jszalicki3 
    1/15/07 6:20 PM Permalink
    it says right in her report that they just applied for a nasdaq listing.  thats why.
  • #3 Comment from ifmwbpr2634 
    1/15/07 8:07 AM Permalink
    IT SEEMS THAT THERE IS SOME SORT OF A PROBLEM TO  GET A CHART FOR SMTE ON AOL MONEY & FINANCE WEB SITE.  THE WEB SITE STATES THAT THERE IS NO LISTING FOR SMTE ON THE EXCHANGE.  
  • #2 Comment from mlewis6671 
    1/10/07 8:48 AM Permalink
    are they through with the scandal?
  • #1 Comment from mlewis6671 
    1/10/07 8:42 AM Permalink
    Hillary , before you suggest a buy you need to look at a stocks grt , ey, and debt to cap. ratio.