802.11n的故事

最近因為NB急單有點多
話說有兩家公司在做802.11n的
最近被摧貨摧的緊
Realtek除了在台灣雞肉店投了10k，又跑到聯店投了7k
Ralink只知道4月在台灣雞肉店的投片量是3月的一倍

不過嘛，CLSA還是看空這兩家（如下）
一來嫌Realtek今來賺的錢不多股價有點貴了
二來嫌Ralink只有11n在賣錢，得面對Realtek跟Atheros的殺價
（我想還有個殺價王子Broadcom在等）

Stretched valuations
Taiwanese networking IC names benefit from the rising popularity ofnetbook PCs, which require less advanced features and are more pricesensitive. WLAN 11n represents another bright spot. Realtek is betterpositioned to ride on the trend although we rate the stock SELL due to itsstretched valuation at 23.5x 09CL earnings. Ralink’s limited productportfolio remains a long-term concern while its high R&D expenses willdepress 09CL earnings. We remain SELLers of Ralink with 44% downside.