Navellier: They’re helping patent all the technology on the smartphones. And I’m very comfortable with their business model. But let the dust settle. I think this is a buy in a few days.

There's no theme beyond the iPhone here. The only big increases come from a periodic takeover or from a lawsuit victory, a la Tessera (TSRA) or a Rambus (RMBS). Those feel like short-squeezes anyway.

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Tessera Technologies Inc., which makes technology used in electronics manufacturing, said Friday its board approved $100 million to buy back shares.

"While we continue to see exciting long-term growth opportunities both through organic means as well as acquisitions, the management team and board of directors believe this stock buyback represents a good use of Tessera's funds," the company said in a statement.

Tessera Tech was also upgraded by First Albany.

The stock trades for 10x cash flow.

who else

Tec Sector

Growth should outpace industry for next several years.

Good potential with the mobile phones

Target: $56.00

5.0%. very profitable, high barriers to entry play on growth in semis.