| Tokeneke Research LLC |
| Semiconductor Industry Analysis and Insight for Investment Professionals |
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| Copyright 2025 Tokeneke Research LLC. All rights reserved. |
| Contact Information________________________________________________________________ |
| Tokeneke Research LLC Dan K. Scovel Semiconductor Analyst/owner 203-554-4621 dscovel@tokenekeresearch.com |
Product Offering____________________________________________________________________
• Monthly Newsletter: A summarized review of noteworthy industry business
developments, sales statistics, and sector equity market performance, as well as a near-
term and annual outlook for sector business fundamentals and share prices. This report
typically includes two pages of text and a handful of recurring charts and tables. It is
intended for relatively broad-based distribution.
• Industry Reports: A semi-annual publication offering insight and perspective to
industry-wide, multi-year forecast updates; periodic sub-sector product type and/or end-
market reviews; fundamental and valuation perspectives on sector equity relationships;
and an industry introduction and overview. These are more detailed reports with varying
shelf-lives, and are intended for narrow distribution to interested clients.
• Company Reports: Fundamental equity research including earnings estimates and
customized valuation analysis.
• Consulting: Special projects of limited or extended duration, as well as periodic access
of varying frequency.
Publications are distributed via email in .pdf format, unless otherwise requested. Client
confidentiality and customized research exclusivity accommodated. Rates vary with the
nature, duration, and terms of offerings.
• Monthly Newsletter: A summarized review of noteworthy industry business
developments, sales statistics, and sector equity market performance, as well as a near-
term and annual outlook for sector business fundamentals and share prices. This report
typically includes two pages of text and a handful of recurring charts and tables. It is
intended for relatively broad-based distribution.
• Industry Reports: A semi-annual publication offering insight and perspective to
industry-wide, multi-year forecast updates; periodic sub-sector product type and/or end-
market reviews; fundamental and valuation perspectives on sector equity relationships;
and an industry introduction and overview. These are more detailed reports with varying
shelf-lives, and are intended for narrow distribution to interested clients.
• Company Reports: Fundamental equity research including earnings estimates and
customized valuation analysis.
• Consulting: Special projects of limited or extended duration, as well as periodic access
of varying frequency.
Publications are distributed via email in .pdf format, unless otherwise requested. Client
confidentiality and customized research exclusivity accommodated. Rates vary with the
nature, duration, and terms of offerings.
Dan K. Scovel________________________________________________________________________
Semiconductor Analyst/owner
I have an electrical engineering background, nearly 12 years of semiconductor industry
experience, and was on Wall Street for nearly eight years where I was selected as the
Best On The Street semiconductor analyst for 2002 by The Wall Street Journal, and third-
rated Best of the Best across all sectors.
I obtained my undergraduate BS degree in electrical engineering from the University of
Washington, and my MBA from Santa Clara University. My industry experience consists
of nearly 12 years in various technical sales and marketing roles at four different
semiconductor firms located in Silicon Valley beginning with Advanced Micro Devices in
1984, followed by two small start-up companies, and ending at Cirrus Logic where I
supported the firm’s Japanese market development. I joined Fahnestock & Co. (now
Oppenheimer) as a senior semiconductor analyst in 1996 and was recruited by Needham
& Co. in April 2000.
My formal coverage list as a sell-side analyst included the following equities: AMD, ALSC,
ALTR, ARTI, ATML, CUBE, CY, ESST, GNSS, INTC, ISSI, LSI, MOSY, MU, OIIM, OVTI,
RMTR, SIII, SMSC, STEC, SVTG, TDFX, TSRA, TXN, and ZRAN.
Tokeneke Research was founded in 2005.
Semiconductor Analyst/owner
I have an electrical engineering background, nearly 12 years of semiconductor industry
experience, and was on Wall Street for nearly eight years where I was selected as the
Best On The Street semiconductor analyst for 2002 by The Wall Street Journal, and third-
rated Best of the Best across all sectors.
I obtained my undergraduate BS degree in electrical engineering from the University of
Washington, and my MBA from Santa Clara University. My industry experience consists
of nearly 12 years in various technical sales and marketing roles at four different
semiconductor firms located in Silicon Valley beginning with Advanced Micro Devices in
1984, followed by two small start-up companies, and ending at Cirrus Logic where I
supported the firm’s Japanese market development. I joined Fahnestock & Co. (now
Oppenheimer) as a senior semiconductor analyst in 1996 and was recruited by Needham
& Co. in April 2000.
My formal coverage list as a sell-side analyst included the following equities: AMD, ALSC,
ALTR, ARTI, ATML, CUBE, CY, ESST, GNSS, INTC, ISSI, LSI, MOSY, MU, OIIM, OVTI,
RMTR, SIII, SMSC, STEC, SVTG, TDFX, TSRA, TXN, and ZRAN.
Tokeneke Research was founded in 2005.
