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Nvidia Tegra 4 Benchmarked, Crushes Competition
By Sascha Segan February 24, 2013 04:10pm EST
http://www.pcmag.com/article2/0,2817,2415809,00.asp
I.B.M. to Take Big Step Into Mobile
By QUENTIN HARDY and STEVE LOHR | New York Times –
For I.B.M., mobile computing has come of age. At least, smartphones and tablets may be popular enough to make I.B.M. several billion dollars.
The company is announcing a major initiative into mobile, involving software, services and partnerships with other large vendors. I.B.M. plans to deploy consultants to give companies mobile shopping strategies, write mobile apps, crunch mobile data, and manage a company's own mobile assets securely.
Thousands of employees have been trained in mobile technologies, I.B.M. says, and corporate millions will be spent on research and acquisitions in coming years. I.B.M. also announced a deal with AT&T to offer software developers access to mobile applications from AT&T's cloud.
"Mobile is the next big growth play that I.B.M. is going after," said Michael J. Riegel, the head of mobile strategy. He said his company has made 10 mobile-related acquisitions already, and will have a global research and development team of 160 people dedicated to mobile technology. In 2012 alone, he said, I.B.M. won 125 patents related to mobile.
...more...
http://finance.yahoo.com/news/b-m-big-step-mobile-232212341.html?l=1
Rackspace Hosting is doing something right – many things, actually – as proven by its latest financial report that revealed hefty increases in customers, revenues, and profits.
----------------
The company started out small, and has only recently entered the ranks of large enterprises with its dedicated hosting and now cloud computing services based on the OpenStack cloud control freak. And it has not forgotten its own small-biz roots, as it is counting on SMBs from the world over to flock to its Rackspace Cloud for their computing, storage, and application services needs.
In the quarter ended in December, Rackspace had 205,538 customers, up 19.2 per cent from the year-ago period. Most of those customers are SMBs, even though the adoption of OpenStack in the Rackspace Cloud last year has the company getting its foot in the door for proofs-of-concept at large enterprises at a rate that was not possible two-and-a-half years ago, ahead of the formation of the OpenStack effort with NASA.
In a conference call with Wall Street analysts going over the fourth quarter and year-end numbers, CEO Lanham Napier said that the Rackspace Cloud has largely closed the gap with larger rival Amazon Web Services, and that was helping to drive business.
"We feel that we positioned ourselves well to lead the open cloud movement," Napier explained. "That's pretty powerful, and we think our path to greatness is open cloud and fanatical outcomes."
Rackspace's commitment to the "Open" part of OpenStack has been demonstrated with last year's formation of the OpenStack foundation, and the company has just made a commitment to use open source hardware based on modified Open Compute Project specs and manufactured by ODMs WiWynn, Quanta, and Delta.
As for fanaticism in tech support, Rackspace customers have to judge that for themselves. (For the record, El Reg is hosted at Rackspace, but I have no idea how well or poorly we are treated.)
In the fourth quarter, revenues at Rackspace rose even faster than customer count, jumping 24.6 per cent to $352.9m, but net income grew almost in synch with customer count growth, rising 19.5 per cent to $29.9m.
CFO Karl Pichler said that the profits would wiggle up and down more than in the past, when Rackspace was mostly involved in dedicated hosting, because cloud build-out is done ahead of demand but with dedicated hosting, and you buy the servers as you need them. People want cloud capacity instantly, and because the OpenStack variant of the Rackspace Cloud is new, the company has to build in some spare capacity.
Revenue will be a bit more wiggly, too, Napier warned.
"Growth in cloud is not linear," he explained. "It is a consumption model. And even though we have linear growth in the fourth quarter, it is not always going to be that way."
In the December quarter, dedicated cloud (which is what used to be called hosting and which is an annoying misnomer – but that's marketing for you) raked in $265.6m for Rackspace, up 18.1 per cent year-on-year. The public cloud, however, exploded by 49.4 per cent to $87.3m, and Napier said that most of that growth represented new customers adopting its new OpenStack-driven public cloud. Existing customers are gradually migrating to the new OpenStack platform from the quasi-proprietary cloud control freak used previously.
Employee count rose by 20.1 per cent to 4,852 in the past year, server count rose by only 13.4 per cent to 90,524, and average revenue per server increased for the 14th quarter in a row to $1,310 per box. That's a rise of 10 per cent in revenue per box, so you can see one of the effects of using virty infrastructure instead of dedicated hosting. Customer count outgrows server count, and as Rackspace shifts increasingly to what we presume are both denser and cheaper Open Compute machines, its cost per server should drop so its profit per server should rise – and its profit per customer should rise even faster.
For the full year, Rackspace brought in $1.31bn in sales, up 27.7 per cent, and net income rose even faster, shooting up 38 percent to $105.4m.
Rackspace doesn't do revenue guidance, but Pichler did say that the company was budgeting somewhere between $375m to $445m in capital expenditures for 2013. Of this, between $235m and $275m would be for IT equipment, $30m to $40m would be for expanding data center capacity (which costs about $5m per megawatt), $20m to $30m would be for expanding office space, and $90m to $100m would be for software development.
A lot of that software development has to do with OpenStack and related cloud services, of course, and there is probably some software that those of us on the outside don't know about that is not yet part of OpenStack – and may never be. ®
http://www.theregister.co.uk/2013/02/12/rackspace_q4_2012_numbers/
Nvidia's Project Shield due late next quarter
by Cyril Kowaliski — 9:02 AM on February 15, 2013
That nifty Project Shield handheld console is on the way—and with Nvidia's next-generation Tegra 4 processor in tow. Both the chip and the handheld powered by it were unveiled at CES last month, and Nvidia provided an update about its schedule during its quarterly conference call earlier this week.
So, when is the new hardware due?
According to AnandTech, Nvidia CEO Jen-Hsun Huang stated that Project Shield will arrive in the "latter part" of the second quarter—meaning some time between mid-May and late June. There was apparently some confusion over whether Huang meant the second calendar quarter or the second quarter of Nvidia's fiscal year, which ends in July, but it turned out to be the former. AnandTech confirmed that with the company.
Nvidia's Tegra 4 chip is also rumored to power an upcoming HP tablet based on Google's Android software. The rumor mill hasn't quoted a release timetable for that device, but according to ReadWrite, "sources say it could be one of the first tablets to ship with the Tegra 4." If that's the case, then we might see that device debut in the May-June time frame, as well.
http://techreport.com/news/24366/nvidia-project-shield-due-late-next-quarter
"The move is aimed at regaining lost ground against the likes of Qualcomm and Mediatek, which is popular with low-cost Chinese vendors. By building its own reference designs, Nvidia would have complete control over the hardware and overall performance. This significantly reduces the cost of bringing devices to market for OEMs because much of the heavy design and engineering work has already been done, and if the initiative garners enough interest Nvidia could get the scale necessary to buy and build components at competitive prices.
Initially the focus will be on the low end of the spectrum, according to the report, but the idea is to deliver products that offer comparable quality to pricier options from “first tier brands”.
Hardware based on these reference designs will reportedly start popping up around May - June this year, possibly at Computex, from small regional players in China and Russia.
It should be noted that this is still a rumor at this stage but we wouldn't be surprised to see it happen. "
http://www.techspot.com/news/51498-nvidia-to-build-reference-smartphones-and-tablets-for-oems-odms.html
http://techcrunch.com/2013/01/28/nvidia-looking-to-build-tegra-reference-devices-itself-to-flood-the-market-report-claims/#
NVIDIA is hoping to win back mobile processor marketshare with a plan that involves building its own smartphone and tablet hardware designs and offering them white label to OEMs in Russia and China, according to a new report from Unwired View. The idea is that by doing that, NVIDIA gets complete control over hardware performance, while also undercutting the competition on price and hopefully flooding the market with devices based on its platform.
That’s not a new strategy for NVIDIA, which has done essentially the same thing in the graphics card market, Unwired View points out. NVIDIA has some traction in smartphone and tablet processors with its existing Tegra 3 platform, and it announced the Tegra 4 was just announced at CES, with some predicting that it will be a big winner in the mobile market. But Qualcomm is the definite elephant in the room, and its new Snapdragon processors unveiled at CES look to push the envelope and help it maintain its lead among OEM adoption.
Building their own white label designs with producers aiming at the bottom end of the market has a couple of advantages for NVIDIA. First, it gives them an opportunity to control the entire soup-to-nuts product design, meaning they can build hardware that will maximize the performance of the Tegra processor. Second, they can start building their own components at a much higher scale, as their low-cost partners ship more and more cheap, but fairly high-quality units in developing markets. That will help with economies of scale, making it easier to produce chips cheaply and in large batches for other hardware producers.
Devices resulting from this plan will begin to come to market in the May to June timeframe, if the report’s source is correct. Some of these will carry the NVIDIA branding, Unwired View says, and some will not, but all should be relatively high-quality devices at the price points offered. This is still a rumor at this stage, but an intriguing one that if true, could help NVIDIA gain even more ground as a mobile processing powerhouse on the international stage.
Missed this the other day,
Feb 11, 2013, 8:46pm PST UPDATED: Feb 12, 2013, 1:24pm PST
Exclusive: Nvidia plans 1 million sq ft Santa Clara campus
http://www.bizjournals.com/sanjose/news/2013/02/11/nvidia-planning-huge-new-santa-clara.html?ana=yfcpc
Another site says .23 eps expected. So, I've seen .24 and .23, and some blogger on seeking alpha saying .29.
We'll see soon enough.
"What the company reports this afternoon after market close will answer this question, at least in the near term. Analysts are expecting earnings of $0.23 per share on revenue of $1.1 billion. This would represent EPS growth of 9.5% and 15.4% growth in revenue. It's worth noting here that NVIDIA has increased revenue for two consecutive quarters, including 13% in Q3. For a company that has to be great just to be good, it needs to reach the high end of its guidance range for the stock to rally.
Speaking of which, I think these shares are worth a gamble here for the long term. There's very little expected when compared to Qualcomm and even Texas Instruments. At current levels, I think the risk-reward trade-off favors NVIDIA, even more than Intel. And it is not unrealistic to expect fair value to reach $15 to $18 over the next 12 to 16 months."
From earnings calendar....expectation:
http://biz.yahoo.com/research/earncal/20130213.html?t=nvda
NVIDIA Corp NVDA 0.24 After Market Close
"Rackspace to Present at Investor Conferences in February and March"
They need better news than this headline.
VirnetX And Siemens Enterprise Communications Sign A Patent License Agreement
By PR Newswire, January 29, 2013, 09:00:00 AM EDT
http://www.nasdaq.com/article/virnetx-and-siemens-enterprise-communications-sign-a-patent-license-agreement-20130129-00634#.UQfZyHy9KSM
Samsung posts record profit
Reuters –
http://finance.yahoo.com/news/samsung-posts-record-profit-000031770.html
Some fascinating OT:
Study: Digital information can be stored in DNA
By MALCOLM RITTER
NEW YORK —
It can store the information from a million CDs in a space no bigger than your little finger, and could keep it safe for centuries.
Is this some new electronic gadget? Nope. It's DNA.
The genetic material has long held all the information needed to make plants and animals, and now some scientists are saying it could help handle the growing storage needs of today's information society.
Researchers reported Wednesday that they had stored all 154 Shakespeare sonnets, a photo, a scientific paper, and a 26-second sound clip from Martin Luther King Jr.'s "I Have a Dream" speech. That all fit in a barely visible bit of DNA in a test tube.
The process involved converting the ones and zeroes of digital information into the four-letter alphabet of DNA code. That code was used to create stands of synthetic DNA. Then machines "read" the DNA molecules and recovered the encoded information. That reading process took two weeks, but technological advances are driving that time down, said Ewan Birney of the European Bioinformatics Institute in Hinxton, England. He's an author of a report published online by the journal Nature.
DNA could be useful for keeping huge amounts of information that must be kept for a long time but not retrieved very often, the researchers said. Storing the DNA would be relatively simple, they said: Just put it in a cold, dry and dark place and leave it alone.
The technology might work in the near term for large archives that have to be kept safe for centuries, like national historical records or huge library holdings, said study co-author Nick Goldman of the institute. Maybe in a decade it could become feasible for consumers to store information they want to have around in 50 years, like wedding photos or videos for future grandchildren, Goldman said in an email.
The researchers said they have no intention of putting storage DNA into a living thing, and that it couldn't accidentally become part of the genetic machinery of a living thing because of its coding scheme.
Sriram Kosuri, a Harvard researcher who co-authored a similar report last September, said both papers show advantages of DNA for long-term storage. But because of its technical limitations, "it's not going to replace your hard drive," he said.
Kosuri's co-author, Harvard DNA expert George Church, said the technology could let a person store all of Wikipedia on a fingertip, and all the world's information now stored on disk drives could fit in the palm of the hand.
http://seattletimes.com/html/businesstechnology/2020194662_apusscidnadata.html
Cisco Agrees to Buy Israeli Software Co. Intucell for $475 Million
By Dow Jones Business News, January 23, 2013, 08:36:00 AM EDT
By Saabira Chaudhuri
Cisco Systems Inc. ( CSCO ) has agreed to buy Israeli software maker Intucell for $475 million in cash and retention- based incentives, as the technology heavyweight looks to address the challenges brought about by increased network traffic.
Based in Ra'anana, Israel, Intucell provides software that enables mobile carriers to plan, configure and manage cellular networks automatically.
"The mobile network of the future must be able to scale intelligently to address growing and often unpredictable traffic patterns, while also enabling carriers to generate incremental revenue streams," said Kelly Ahuja, senior vice president and general manager of the Cisco Service Provider Mobility Group. "Through the addition of Intucell's industry-leading SON technology, Cisco's service provider mobility portfolioprovides operators with unparalleled network intelligence and the unique ability to not only accommodate exploding network traffic, but to profit from it."
Cisco said the proliferation of connected mobile devices, faster network speeds, and growing demand for high-bandwidth applications and services are driving greater network traffic and complexity. The company also said that as mobile service providers continue to face increased end-user demand, the need to optimize network bandwidth, usage and services is rising.
The company sees Intucell's software as a way to address these challenges by examining the network, identifying issues in real time and adapting the network to meet demand.
Once the deal closes--expected in the third quarter of fiscal 2013--Intucell employees will be integrated into Cisco'sService Provider Mobility Group.
Cisco's shares were flat at $20.87 in recent premarket trading. The stock has risen 16% in the past three months.
Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com[color=red][/color]
TSMC's big expectations for its 20nm chips suggest negotiations with Apple
By Sam Oliver
Tuesday, January 22, 2013, 09:17 am
Officials at Taiwan Semiconductor Manufacturing Co. have high hopes for their forthcoming 20-nanometer chip production process, fueling speculation that Apple plans to adopt the company's chips for its iPhone and iPad starting in 2014.
Apple's anticipated switch to TSMC from its current chip provider Samsung has been rumored for years, but has not yet become a reality. TSMC CEO MOrris Chang made a bullish prediction last week that its 20-nanometer chips, which will go into production in 2014, will outsell its existing 28-nanometer chips in the first two years.
http://appleinsider.com/articles/13/01/22/tsmcs-big-expectations-for-its-20nm-chips-suggest-negotiations-with-apple
Global Partners Declares Increased Cash Distribution for the Fourth Quarter of 2012
WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 22, 2013-- Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.57 per unit ($2.28 per unit on an annualized basis) on all of its outstanding common units for the period from October 1 through December 31, 2012. The distribution will be paid February 14, 2013 to unitholders of record as of the close of business February 5, 2013.
The distribution to be paid in February 2013 represents a 7% increase over the quarterly distribution of $0.5325 per unit paid in November 2012 and a 14% increase over the quarterly distribution of $0.50 per unit paid in February 2012.
http://phx.corporate-ir.net/phoenix.zhtml?c=190320&p=irol-newsArticle&ID=1776552&highlight=
OT: Abine Inc has other good products. I use and highly recommend their freeware called DoNotTrackMe. You will really see web pages load much faster.
http://www.abine.com/dntdetail.php
From today's news release:
"Global Partners today announced that it is providing 2013 EBITDA guidance in the range of $175 million to $190 million. The Partnership previously provided 2012 EBITDA guidance in November 2012 of $115 million to $130 million. The Partnership’s guidance is based on its current business outlook as well as assumptions regarding market conditions, including demand for petroleum products and renewable fuels, weather, credit markets and the forward product pricing curve, which will influence financial results.
“We are entering 2013 with considerable momentum on a number of fronts,” said Slifka. “Our expected growth in annual EBITDA for 2013 is the result of a combination of organic growth projects, strategic acquisitions and new contract business. Going forward, we will benefit from the expansion of logistics assets in North Dakota and bringing online our new Albany propane storage facility. We also will benefit from a full year of contributions from Alliance Energy, which we acquired in March 2012, and the addition of Basin Transload following the expected completion of that transaction in the first quarter. In terms of new contract business, our growth will be supported by our recently announced long-term unitary lease with Getty Realty Corp., our ongoing management services and supply agreement with Getty Realty, and the Phillips 66 contract. We remain confident that the Partnership is well-positioned to capitalize on the many opportunities in the dynamic and rapidly evolving energy market.”
Talk about being a good neighbor...
http://www.nytimes.com/2012/10/31/realestate/commercial/rackspace-revitalizes-a-defunct-mall-into-an-unorthodox-tech-campus.html?pagewanted=all&_r=0
"Rackspace agreed to pay $5 million for infrastructure improvements and also promised to make payments in lieu of property taxes to the local school district in an amount equivalent to what the district received when the mall was vacant. The Rackspace Foundation has also donated $2.5 million to the community, money that has gone primarily to the schools.
Moreover, the company has spent in excess of $100 million to transform the mall from an eyesore into an eccentric work space with a $40,000 two-story slide, a chessboard the size of a basketball court and conference rooms named after popular television game shows and breakfast cereals.
Shops and restaurants now encircle the mall, hoping to lure Rackspace employees, whose average salary is $69,000, far above the local average of $37,000. Stratford Land, a real estate development company based in Dallas, purchased 111 acres nearby in January, promising to build restaurants, shops and multifamily housing for Rackers."
---------
“Our headquarters is a representation of our values as a company,” Mr. Weston said. “We are ambitious, we are expansive, and we are unorthodox.”
Big RAX run today on the Cisco rumor. The air is getting kind of thin up here....
Amazon wins patent for air bag system..
There's some good humor in the 'comments' section following the article.
http://www.engadget.com/2012/12/11/amazon-wins-patent-for-airbag-system-designed-to-protect-portabl/
Nice steady rise throughout the day after investor presentation:
Rackspace® Hosting, Inc. (NYSE: RAX) has announced that Lanham Napier, Rackspace CEO, will present at the Credit Suisse Technology Conference Wednesday, November 28th at 11:30 a.m. MT in Scottsdale, Arizona. An audio webcast will be available at http://cc.talkpoint.com/cred001/112712a_ah/?entity=50_2NB3QV5.
Delete....duplicate
11/16/2012. Vanguard Natural Resources, LLC (NYSE:VNR) (“Vanguard”) announced today that its board of directors has declared a cash distribution attributable to the month of October 2012 of $0.2025 per unit ($2.43 on an annual basis) payable on December 14, 2012 to unitholders of record on December 3, 2012. New investors can earn an approximate 9.6% yield based on the November 15, 2012 closing price of $24.94 per unit.
Motor Trend names Tesla Model S electric sedan its car of the year for 2013
Nov. 13, 2012
http://www.nydailynews.com/autos/motor-trend-electric-car-top-honor-article-1.1201348
--------------------------------------
Tesla Motors' Model S to Feature NVIDIA Tegra Processors
LAS VEGAS, NV -- (Marketwire) -- 01/04/2011 -- CES 2011 -- NVIDIA announced today that NVIDIA® Tegra™ processors will power the infotainment, navigation and instrument-cluster systems in the Tesla Model S, the first sedan built from the ground up as an electric vehicle. Built around the driver, the Model S is the premium sedan, evolved. Its infotainment system features a 17-inch touch-screen center console -- the largest display ever in a car -- providing vivid 3D graphics.
In addition to its unrivaled graphics capability, the Tegra processor provides exceptional energy efficiency, a critically important feature for electric cars. One processor will be used to power the infotainment and navigation systems, and another for the instrument cluster.
The infotainment and navigation systems feature:
17-inch high resolution display, the largest display ever in a car
Responsive touchscreen with a fully intuitive user interface
Connected navigation with live traffic, points of interest and weather
http://pressroom.nvidia.com/easyir/customrel.do?easyirid=A0D622CE9F579F09&version=live&prid=703505&releasejsp=release_157&xhtml=true
NVIDIA Initiates Dividend; Extends Share-Repurchase Authorization
SANTA CLARA, CA -- (Marketwire) -- 11/08/12 -- NVIDIA (NASDAQ:NVDA)
Record revenue of $1.20 billion.
GAAP net income was $209.1 million, or $0.33 per diluted share. Non-GAAP net income was $245.5 million, or $0.39 per diluted share.
GAAP gross margin was a record 52.9 percent. Non-GAAP gross margin was a record 53.1 percent.
NVIDIA initiated quarterly dividend of 7.5 cents a share.
NVIDIA (NASDAQ:NVDA) today reported record revenue of $1.20 billion for the third quarter of fiscal 2013 ended Oct. 28, 2012, up 15.3 percent from the previous quarter and up 12.9 percent from a year earlier.
The company also announced that it is initiating the payment of a quarterly cash dividend, and extending its existing $2.7 billion share-repurchase program, initiated in August 2004, through December 2014.
"Investments in our new growth strategies paid off this quarter in record revenues and margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market."
He continued: "We are pleased to start paying our shareholders a quarterly cash dividend. We have confidence in our businesses and our continued ability to grow. Given our strong financial position and ongoing ability to generate cash, we are well positioned to continue investing in our future."
http://www.nasdaq.com/article/nvidia-reports-financial-results-for-third-quarter-fiscal-year-2013-20121108-01741
Thanks for posting that thing of beauty!
And, how about this thoughtful summary from one of the trial attendees?
http://www.investorvillage.com/smbd.asp?mb=8852&mn=32944&pt=msg&mid=12277255
)
This is a clear and convincing win for VHC, and this is about collecting future monies from Apple and all the rest of the infringers. Whether the jury said $700 million or $370 million for past damages...neither of those amounts is hurtful to the gigantic cash horde at Apple.
It is all about what the future now holds for VHC. This was a big LOSS for Apple.
VHC WINS!!! All Patents Valid. 368MM in Damages
http://www.investorvillage.com/smbd.asp?mb=8852&mn=32511&pt=msg&mid=12272263
Rackspace Q3 Profit Rises - Quick Facts
(RTTNews.com) - Rackspace Hosting Inc. (RAX) reported that its third-quarter net income rose to $27.20 million or $0.19 per share, from $19.98 million or $0.14 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the third quarter of 2012 was $335.99 million, up 27% from $264.57 million in the third quarter of 2011. Seventeen analysts had consensus revenue estimate of $335.89 million for the quarter. Net revenue for the third quarter of 2012 was negatively impacted by currency exchange rates, when compared to the third quarter of 2011.
Total server count increased to 89,051 up from 84,978 servers at the end of the previous quarter, and total customers increased to 197,635, up from 190,958 at the end of the previous quarter.
New customer : Sakura Internet
http://www.mellanox.com/content/pages.php?pg=press_release_item&rec_id=890
New subsidiary :
http://www.mellanoxfederal.com/
Mellanox® Technologies, Ltd. (NASDAQ: MLNX) (TASE: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced the creation of Mellanox Federal Systems, a wholly owned subsidiary of Mellanox Technologies. Mellanox Federal Systems will be responsible for driving business development for all federal government agencies and the federal integrator market.
Dale D’Alessio has been named CEO of Mellanox Federal Systems, which will be based in Vienna, Virginia. Mr. D’Alessio was previously co-founder and managing member of YottaStor, a professional service and product company specializing in big data storage solutions for the Intelligence and U.S. Department of Defense markets.
They beat for the quarter but guidance for 4th Q not as strong as the street expected.
This selling sure seems way overdone. I didn't have a chance to listen to the cc, but will look for the transcript to post on Seeking Alpha site.
For Q3, the company, which is focused on products that use a technology called Infiniband, reported revenue of $156.5 million and non-GAAP profits of $1.37 a share, well ahead of the Street consensus at $153.1 million and $1.13 a share.
However, on a post-report call with the Street, the company projected revenue for Q4 of $145 million to $150 million, below the Street at $157 million.
http://www.forbes.com/sites/ericsavitz/2012/10/17/mellanox-swoons-q3-tops-estimates-guide-disappoints/?partner=yahootix
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Also sharply lower were shares of Mellanox Technologies Ltd. MLNX -6.45% as they logged a drop of 22% to $77. The company, which produces technology for transfer of data between servers and storage systems, said on an evening conference call that it foresees fourth-quarter sales of $145 million to $150 million. The consensus currently calls for revenue of $156.8 million.
Mellanox said its quarterly revenue forecast puts annual sales at $524 million to $529 million, which misses Wall Street’s projection of $532 million.
http://www.marketwatch.com/story/ebay-american-express-results-due-after-hours-2012-10-17?siteid=yhoof2
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also, from a post the other day:
"High expectations are already baked into analysts' estimates, so it reduces the potential for a massive surprise," said Wunderlich Securities analyst Brian Freed.
"It's still a rockin' business," he added.
But the raised bar puts more pressure on Mellanox to deliver — or overdeliver.
"They have to meet or exceed consensus estimates or the stock is going to get crushed," Freed said.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80499437
Speechless? Killed in AH.......
Mellanox: Can It Pull Off Another Big Beat In Q3?
Read More At IBD: http://news.investors.com/business-the-new-america/101212-629135-mlnx-rides-big-data-web-2-0-cloud-computing.htm#ixzz298YB6Q2c
Analysts say business fundamentals are still strong and expect another good quarter.
"The story remains intact," said ThinkEquity analyst Rajesh Ghai, who says the firm is seeing new demand from companies involved in storage and Web 2.0 markets.
Upside Surprise
But since analysts have raised estimates to reflect Mellanox's outsize performance, the likelihood of a big upside surprise is less likely this time.
"High expectations are already baked into analysts' estimates, so it reduces the potential for a massive surprise," said Wunderlich Securities analyst Brian Freed.
"It's still a rockin' business," he added.
But the raised bar puts more pressure on Mellanox to deliver — or overdeliver.
"They have to meet or exceed consensus estimates or the stock is going to get crushed," Freed said.
07:03 EDT RAX, WMT Rackspace being used by Wal-Mart division, says William Blair
William Blair said its channel checks indicate Wal-Mart (WMT) is recruiting OpenStack engineers as it builds a global data analytics platform that will use OpenStack. William Blair believes the Wal-Mart division in charge of the project is using Rackspace (RAX), and thinks the opportunity can grow as the new platform is built out. The firm expects Rackspace management to comment on early OpenStack customer deployments when the company reports Q3 results in November and keeps an Outperform rating on the stock.
http://www.theflyonthewall.com/permalinks/entry.php/RAX;WMTid1716875/RAX;WMT-Rackspace-being-used-by-WalMart-division-says-William-Blair
OT: A single mysterious computer program that placed orders - and then subsequently canceled them - made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear.
The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. Friday.
"Just goes to show you how just one person can have such an outsized impact on the market," said Eric Hunsader, head of Nanex and the No. 1 detector of trading anomalies watching Wall Street today. "Exchanges are just not monitoring it."
The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex..........
Hunsader warned that regulators better do something fast, speculating that this single program could have led to something very bad if big news broke or a sell-off occurred and one entity was hogging this much of the system.
Mysterious Algorithm Was 4% of Trading Activity Last Week
http://www.cnbc.com/id/49333454
"But for Broadcom and Nvidia, it’s all good. Nvidia’s “Tegra” application processor is in the Nexus 7, and in at least one version of Surface. Hence, “given multiple Android and Windows RT tablet design wins as well as 30 smartphone designs (Acer, Asus, Coolpad, Fujitsu, HTC, Lenovo, LG, SONY, Toshiba, ZTE etc), our Tegra estimates of $580 M for F13 (C12) are too low.”
http://blogs.barrons.com/techtraderdaily/2012/10/04/aapl-onslaught-of-tabs-threatens-ipad-helps-brcm-nvda-says-avian/?mod=yahoobarrons
Mellanox® Technologies, Ltd. (MLNX) (MLNX.TA), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will release financial results for its third quarter 2012 after the close of market on Wednesday, October 17, 2012..
http://finance.yahoo.com/news/mellanox-technologies-ltd-schedules-release-123000537.html