In our last May update on our favorite microelectromechanical machine fabricator, we recommended buying shares into the then current weakness. That's turned out to be a very good idea, with shares turning in a 42% gain since then.
But we have good reason to believe there's more to come for this innovative company. The motion sensor maker has engaged in a mysterious inventory buildup while remaining remarkably tight-lipped regarding who the customer for this record amount of inventory will be. Rumors have been flying that Apple, which requires its suppliers to keep quiet ahead of a major new product release, will be the destination for millions of tiny multiaxis sensors in the next version of its iPhone.
↧