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|Includes:Tower Semiconductor Ltd. (TSEM)

TowerJazz is progressing step by step. 2010 was a great year and 2011 onwards will be even better. There is a strong management team that plan a head, follow this 3-5 years plan and results show that now more than ever the outcome is worthwhile. Yes, there are issues ( mainly surrounding the balance sheet, debt etc ) however there is not even one aspect that the company didn't;t make a significant improvement. While working on the financial issues, financing etc there is a huge emphasis on growth, customers, contracts, increase of manufacturing capabilities and so for the longs amongst us, patience will yield.

Couple of days back the CEO held investor conference in which he provided his and the company guidelines for the coming 3 years and in short, the forecast is to reach 1B USD sales in 2013 while growing double than the industry rate during 2011.

Best of luck to all


Stocks: TSEM