1. This is a small fish with its stock price is overvalued. 2. The market ups too much, too fast with economic pictures are still weak..(see US unemployment rate, Housing slumped data,US national debts, Inflations, Retail sales..) 3. CSCO at 52 week lows 18.30; INTC is 21. How can small fish like FNSR trading at 39+?. 4. FNSR market cap 3,000 M?? GLTA.
This is negative thesis, give me a break. Small fish...FNSR the second largest optical pure-play next to JDSU (and have leading mkt share in many product areas). Who the heck just looks at market cap independently...You need to look at valuation vs. it's earnings, factoring the growth rate. P/E is 17 for 2012, with a PEG of less than 1. 3B market cap is meaningless without context. CSCO and INTC are not in the same business...they are mature companies like MSFT & YHOO that have plateaued in growth.