GSI Technology, Inc. (GSIT)
The Company is a fabless semiconductor company that designs, develops and markets SRAMs for the networking and telecommunications markets, such as routers, wide area network infrastructure equipment, wireless base stations and network access equipment.
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Website still sucky but ratio looks good.
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Their website really is crap.
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GSIT is valued fairly, with a forward PEG of around 1. Not much margin of safety but if I don't rate it now I'll forget later.
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I have taken a small position. Sounds like the Cisco shortfall will soon run its course. Glancing over the earnings report, my top concern is the inventory($28M) which is close to 6 months worth of sales. Maybe there is an explanation for it, but from afar this number looks dangerous. The conference call was very positive 2nd half of the year.

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