ATI upgraded to 'Outperform'...Friedman Billings upgrades ATYT to Outperform from Market Perform and raises their tgt to $20 from $13. The firm mentions the X1000 launch is on track, which they expect to contribute to more muted seasonality in Q2. Firm also cites growth in chipsets should allow operating margins to expand over the next few quarters, despite their below-average gross margins. In the longer term, the firm remains concerned regarding ATYT's reliance on the chipset segment, but they expect the stock to react favorably as operating margins improve nearer-term."