Obviously $44 is now $22, so in the real world there would have been no order but it's only a 0.4% stake since I put the order out there simply to notify me that the stock had come in. There is an obvious massive gap that one day most likely will fill, but with individual stocks in can be quarters or years before it happens - and sometimes never. I doubt that will be the case here, but until the market can selloff for more than 18 minutes this is not a name that will be filling a gap anytime soon.
NetLogic has been an incredibly strong stock and adds another weapon to our semiconductor arsenal which is now coming to dominate a wing of our long portfolio. Recent earnings results have been very impressive, but the stock is very expensive - but that hasn't stopped any stock from running of late.
- Revenue for the fourth quarter of 2009 was $69.5 million, a 64.3% sequential increase from $42.3 million for the third quarter of 2009 and a 125% increase from $30.9 million for the fourth quarter of 2008.
- Non-GAAP net income for the fourth quarter of 2009 was $17.5 million or $0.59 per diluted share, compared with $0.31 per diluted share for the fourth quarter of 2008.
NetLogic Microsystems, Inc., a fabless semiconductor company, engages in the design, development, and sale of processors and integrated circuits. The company offers multi-core processors, knowledge-based processors, 10/40/100 Gigabit Ethernet physical layer devices, network search engines, and embedded processors to develop systems used in the Internet infrastructure, including the enterprise, datacenter, metro, edge, access, and core networking markets
Long NetLogic Microsystems in fund; no personal position