ABN Amro is tipping Parthus Technologies as a buy for investors at the moment, suggesting the shares can rise to 350p by the middle of next year. The Irish-founded semiconductor chip design company is uniquely positioned to benefit from the consumer mass-market introduction of next-generation wireless devices, according to the brokers.
It has a number of semiconductor platform solutions, including Bluetooth, GPS and Internet-Audio, which have a strong competitive position and can deliver the high growth prospects expected of the company.
ABN Amro says that scope for significant upgrades following the introduction of products, underpinned by Parthus's platforms should provide impetus to the share price. It has just initiated coverage of the stock.
ABN also recommends Elan, AIB, Bank of Ireland, Baltimore Technologies, Smurfit, Iona and Anglo Irish Bank.
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