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2 Tech-Gadget Stock Plays: Senior Analyst

LED (light-emitting diode) technology is taking off this holiday season, thanks to a jump in notebook and flat-panel television sales. Jonathan Dorsheimer, senior analyst at Canaccord Adams, shared his best stock picks.

“You’re really geared as a consumer to look at this new LED TV,” Dorsheimer told CNBC.

LED backlights are designed to be brighter and energy-saving, and manufacturers hope to lure both cost- and environmentally-conscious consumers.

“Right now, we’ve seen the notebooks a little bit ahead of TVs, because of the cost structure,” Dorsheimer said.

“Exiting this year, 60 percent of notebooks will have LED backlights. In the TVs, we’re going from a base of 0 to 5 percent penetration this year, but we think that’s going to quickly accelerate to about 20 percent next year and go up beyond 50 percent by 2012, and there’s the potential for that to even be more.”

Dorsheimer Likes:

Rubicon Technology

Veeco Instruments

  • Watch Dorsheimer's Latest Appearance on CNBC (Nov 27, 2009)

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Dorsheimer does not own shares from Rubicon Technology. He has investment banking clients who own shares of Veeco Instruments.