Applied Opto Surges: Street Too ‘Timid’ About Them, Says Needham

Needham & Co.'s Alex Henderson starts coverage of fiber-optic component supplier Applied Optoelectronics with a Strong Buy rating, arguing that the Street is being too "timid" in its expectations of the business of "100G" networking in the data center, even as the company ramps up production in a big way.

Chips: Is a Bubble Building? Asks BlueFin

Is there a bubble building in semiconductors? That's the concern of BlueFin Research Partners, which warns that "lead times" for getting parts have stretched so much of late, that companies are placing orders for chips far into the future, when their own demand for product with the chips is uncertain.