THE time could be ripe to invest in cyclical stocks exposed to the general economy, according to Merrion Stockbrokers.

Chipmaker Parthus has reported a net loss of US$8.7m for the third quarter, representing a loss per share of 15c.

Irish company Parthus Technologies plc (Nasdaq: PRTH, LSE: PRH), a developer of semiconductor platform-level intellectual property (IP), has been identified for the second time as one of "Europe's 50 Hottest Tech Firms" in TIME magazine's third annual review of the European technology sector.

Parthus Technologies expects to break even next year after securing a major deal with Motorola.

There may be a slowdown in the world market for chips, but Parthus Technologies has said things will be fine.