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Earning update: Mindray, GSIT

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GSI Technology Logo

GSI Techonology
As I talked in my previous post (a while ago), this is the little semi-conductor (very fast SRAM) stock (Nasdaq: GSIT) I bought a year ago at its IPO. Since its IPO it reported two disappointing quarters at first, more recently it reported two decent quarters (Fiscal Q4, Fiscal Q3). But I sold it this morning due to the following:

1) Lack of liquidity: the daily volume on this stock is thin because of lack of institutional support. Basically if I want to sell, the day after earning report is a good time because of the volume spike.

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GSI Technology IPO

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(Update 21Mar07) The revenue and net income for past 12 months are $50 m and $7 m respectively, according to IPOHome.  

I received this IPO offer from WR Hambrecht today. Since Xinhua Finance Media (XFML) turned out to be cold, I will be more careful here. Luckily I don’t see JP Morgan on the underwriter list. Besides Hambrecht, I saw Needham, Robert Baird. Both are respected regional investor bankers. A bit about the GSI tech, “The Company develops and markets Very Fast static random access memory products that are used primarily in high-performance networking and telecommunications equipment.”

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