VOLTERRA SEMICONDUCTOR Fremont, California; Chipmaker Thinks Small In Effort To Post Big Returns.(THE NEW AMERICA)

Publication: Investor's Business Daily

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COPYRIGHT 2004 Investor's Business Daily, Inc.

Byline: MARILYN ALVA

When Volterra Semiconductor went public July 29, the chip industry was in one of its periodic slumps.

To assure investor interest, Volterra cut its offering price 27% below its expected range to $8 a share.

It might have been unnecessary. Though the chip industry has been going through an inventory correction due to overproduction, Volterra's shares have more than doubled since the initial public offering. Revenue has been on the fast track as well, growing in double digits.

Why is Volterra bucking the trend?

"It's definitely its technology," said analyst Cherrie Prinz of D.A. Davidson.

Volterra provides high performance mixed-signal power management products. It targets customers that are making new, ever more powerful high-end processors....

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