THANKS FOR THE PREVIOUS POSTING EXCELLENT NEWS. BY THE WAY THE WHOLE MARKET WAS HIT VERY HARD TODAY - SO THIS IS A GOOD CHANCE TO BUY GOOD COMPANIES SUCH AS AGRA, --------------------
Agere was spun off from Lucent Technologies (LU, news, msgs) in June 2001, and traded briefly in the $9 range before sinking to around 50 cents last October. The stock is up 325% from then, to around $2.40, which is a lot better than even the powerful 50% bounce in that period in the Philadelphia Semiconductor Sector Index ($SOX.X). Agere has struggled to obtain profitability as its revenue has weakened, but if you believe the economy is shaping up, then its dominance in two growing technology trends should restore its balance. Agere is probably relatively undervalued and could well get back to the $3.50 to $6 range in the next year from its current perch around $2.44.