Investing small caps like ACTS always has more risks.
People have to look at the bigger business cycles to really make some money. Traders or short term investors may get captured by various unexpected events (product cycles, order timing...) sooner or later, here or there. But the trend of semiconductor recovery has not changed. ACTS has gradually opened more international market, stuck the dominant position in mobile media players, has been hiring talented even at recession, and plenty of cash to allow them to pull through bad time... all those may build up confidence for longer term investors.