Company Description: Atheros Communications, Inc. develops semiconductor system solutions for communication products. Its products include solutions for wireless local area network (WLAN), mobile WLAN, Ethernet, Bluetooth, global positioning system (GPS), and powerline communications. The company offers reference designs used in designing networking cards and routers, broadband gateways, mobile devices, and handsets. It also provides single and multi-chip WLAN products, including wireless networking products for personal computers (PCs) and small office/home office (SOHO) markets; and wireless infrastructure systems-on-chip with network management capabilities for the enterprise networking market. The company’s wireless system solutions are used in various applications in the PCs, enterprise access, broadband gateway, SOHO networking, consumer electronics, and mobile communications markets. Its radio-on-chips for mobile solutions are used for WLAN in mobile devices, such as smartphones and mobile consumer products. The company’s fast and gigabit Ethernet ETHOS products comprise access points, routers, gateways, Ethernet physical layer, transceivers, and switches for personal computer customers. It also provides Bluetooth solutions for PCs; GPS system solutions for signal acquisition, tracking, data extraction, and GPS navigation; powerline technology solutions for use in electric utility and other commercial markets to monitor and manage in-home electricity consumption and distribute broadband services over existing electrical wiring and coaxial cable. Atheros Communications sells its products to OEMs and original design manufacturers directly, as well as through independent sales representatives and distributors in the United States, Canada, and Asia. The company was formerly known as T-Span Systems Corporation and changed its name to Atheros Communications, Inc. in May 2000. Atheros Communications, Inc. was founded in 1998 and is headquartered in Santa Clara, California.

Our Analysis: The shares of Atheros Communications, Inc. 'ATHR' set a new all-time closing high yesterday on significantly heavier than normal trading volume. This is a very bullish trading signal. Due to the fact that the shares of 'ATHR' set a new all-time closing high, there is no overhead resistance on the shares of 'ATHR' should be able to rise another $5+ from the current levels. I see downside support on the shares of 'ATHR' @ $40.27/share, and set my stops accordingly @ $39.87/share.