Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SNDK
Acting well in the face of bad news here. I'll be long if it goes green.
Bear, ALTR was up over $4 in the last seconds of trading on Friday, due the Russell rebalancing weirdness. Ex-ing that out, the stock is slightly up on the day.
Check out ALTR...traded +4.50 for a nanosecond and closed there, now trading +0.50.
This is beyond strange. Somebody's got some splainin' to do.
Funny story. It reminds me of an elderly aunt of mine who weepingly told me that her sister with eye problems had been admitted to the hospital for a detached rectum (she meant retina).
More sickness from the Middle East:
23 June 2004 - Muslim children play at beheading (video)
23 June 2004 - Iraqi Militants Plant Bomb in Kim Sun-il’s Corpse
http://www.homelandsecurityus.com/
NFI, trade idea (long):
http://stockcharts.com/def/servlet/SC.web?c=nfi,uu[r,a]dacayyay[pb50!b200][vc60][iUb14!Lp14,3,3!Ll14...
Stock looks to be forming ascending triangle with gaps above to fill. Record of strong growth, selling at 7x forward estimates with a 15% yield and 14x short interest ratio.
Warning: lots of controversy surrounding this stock (sub-prime exposure and potential accounting), so do your own DD...not for the faint of heart (g).
AMGN... nice reversal today. I'm long here for a little bounce.
Earns outlook 'impressive': researcher
Positive news points to strong gains for second quarter
By Russ Britt, CBS.MarketWatch.com
Last Update: 5:18 PM ET June 19, 2004
That's the word from stock researcher Thomson First Call, which said in a report issued this week that the outlook for the quarter is "impressive," based on announcements ahead of the June 30 end of the period.
First Call says the ratio of negative-to-positive earnings outlooks is greater than last quarter and the year-ago quarter. As a result, earnings should be up an average of 26 percent, up from previous estimates of 20.3 percent.
"The abundance of good news has led to the highest upward percentage point revision to the S&P 500 index during the course of a quarter since we started tracking the aggregate data," the report says.
First Call said that as of Friday, there were 1.4 negative earnings reports for every positive report throughout Corporate America. That's down significantly from the 1.8 ratio reported in the first quarter, and the 2.0 reported a year ago.
For S&P 500 companies, the tide has turned in favor of the positive. Through Friday, there were 0.8 negative reports for every improved outlook.
Is anyone here with a Yahoo account having problems logging onto it? Or is it only me?
I am running IE 6 and Win XP. When I try to log on Yahoo Finance, it won't. Then I can't access the Finance home page (page not available). Deleting temp files and cookies lets me access the Finance home page again, but then when I try to log on to my account again, the same thing happens. This problem started yesterday morning.
Everything else works fine, and I have no viruses.
Anyone have any ideas? Is this a temporary Yahoo problem?
Thanks, BT. I tried, but couldn't get it to work. I did manage to figure out how to export all the stuff I need to my new machine, so all is not lost. I guess my old computer is just FUBC ( - - Beyond Comprehension) (g/ng).
Very useful site you have here. Thanks again.
Thanks, Gottfried...I knew I had seen Q1 somewhere (g)
Statistics through Q4 from SIA are here:
http://www.semichips.org/downloads/ACFC1.pdf
and broken out by linewidth geometries (to address Train's question).
Yup, I tried this, but it won't even boot from the disk (I know how to set the boot priority so that it will go to the disk first rather than the hard drive). It will only boot in safe mode, as far as I can tell. Is it hopeless?
Bruce
My old computer is so infected with viruses that it won't even boot. It just locks up at the Windows 98 screen. I can only start it in safe mode, but then I can't do anything with it. Although I don't need the computer anymore, there are some things on it I would like to save - Word and Excel files, and my large address book from Outlook. Short of reformatting the drive (which would wipe out the things I want to recover) can you recommend anything I could try? TIA.
ajd
Semi B/B
First Call consensus was 1.13.
The linkage is interest rates...higher rates = stronger dollar AND weaker market. Maybe this linkage will be broken once the Fed actually starts to move.
No, I meant INTC. INTC competes in chipsets and motherboards. Due to the recent introduction of the Grantsdale chipset, INTC has a short-term advantage. The Taiwanese will catch up in a few months, and the inventory build in Taiwan will reverse. In other words, I'm not too worried about it.
My comment on AMD was to say that they have great products, and INTC needs to find a better competitive response than they have so far, IMO. Just a sample of one, but I really do love my AMD computer. And now AMD is making inroads in China, where INTC has had a monopoly. I happen to own some INTC, but I'm concerned.
This is because Intel is taking share in motherboards.
GTW just upped guidance. I think they are selling a ton of the eMachines with AMD chip. I just bought one and I love it.
8:56AM SABRE Hldgs guides Q2 above consensus (TSG) 25.32: Company guides Q2, sees EPS significantly better than $0.40, vs the Reuters Research consensus of $0.37, and revenues of $540-560 mln, vs the R.R. consensus of $546.5 mln. Co cites lower operating costs and expense controls resulting in, among other things, better than expected profitability at Travelocity.
Might help stocks like IACI and PCLN today too. Although most of the upside coming from expense controls, revenue guidance also mildly positive. The travel business looks surprisingly good, despite higher fuel costs and terrorism fears.
QLGC
Well, since you asked... (g)
I agree that, in the short-term, this stock may have more work to do on the downside basing. But my typical holding period is a year, so I take a longer-term perspective than most on this board. And on that basis, it looks pretty compelling. Here's the weekly chart:
http://stockcharts.com/def/servlet/SC.web?c=QLGC,uu[r,a]wacayyay[df][pb50!b200][vc60][iUb14!Ll14]&am...
The series of dojis in the 27 area, along with the recent ADX spike and the DI+ below 10 and the oversold RSI, should provide very strong support. Notice that the stock had huge runs whenever these conditions prevailed before, and this time the readings are more extreme.
On the fundies: sure they're bad short-term. But this is a well managed company with great balance sheet and a dominant position in a business that is still growing decently. Gross margins are a good indication of the "quality" of a hardware company's business, and the only others with similar GM's off the top of my head are CSCO and INTC...not bad company to be in.
4:41 pm ET U.S. Capitol Building being evacuated, reasons unknown-- CNBC :
SIA upping their 2004 forecast of semi growth to 28.6% vs. previous forecast of 14%. Conference call ongoing.
>> Semis pricing in a lot of good news
SOX still down almost 15% from the Jan. top, and all I'm hearing is that pricing is weak and inventories are building. I think semis are pricing in a lot of bad news (a cycle peak). This group could explode if the market continues to act well, IMO.
NDX has already broken its downtrend line from the Jan. high...maybe the COMP and SOX are not far behind.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[r,a]dacayyay[pb50!b200][vc60][iUb14!Lp14,3,3!Ll1...
Samsung begins cutting NAND flash contract price by over 15%, say module makers
Printer friendly
Related stories
Comments
Email to a friend
Hans Wu, Taipei; Jack Lu, DigiTimes.com [Friday 4 June 2004]
Starting from June 1, Samsung Electronics has begun cutting contract prices for 1Gbit NAND flash by over 15% to about US$15-16 per chip, according to sources from memory module makers.
The module makers will suffer a loss from inventories due to Samsung’s price cuts, the sources indicated.
Samsung’s move reflects an ongoing drop in spot prices, which sources attribute to a weaker-than-expected demand and an increase of supply.
According to DRAMeXchange, prices for 1Gbit parts have dropped 13.3% in one month and are now traded at US$14.9 per chip.
Microsoft confirms that late last year it initiated preliminary discussions with SAP AG to explore the possibility of a potential merger between the two companies. A few months ago, Microsoft ended these discussions due to the complexity of the potential transaction and subsequent integration. There are no intentions to resume these talks.
Wow!
Speaking of "broken", SNDK is acting very poorly here, notable in a very strong semi group.
P/C high again, has been persistently so for a long time while VXO/VXN have reversed back down...very strange behavior.
Ron Paul....
I'm so impressed with what this guy says, I called and told him so. Unfortunately, I didn't get to speak directly with him, but I left a message. I'd vote for him for Prez in a heartbeat.
FNM, kinda silly. This thing sells for 7.5x forward eps with a 3.1% yield for support. Who knows, FNM may actually go to zero as some think, but if it does, it will take a big chunk of the U.S. economy with it. Seems like a reasonable DCB play to me.
Much less disagreeable than necrosis of the phallus, I guess <g>
Debt Bubble Stretches to Breaking Point
By Jim Jubak
MSN Money Markets Editor
6/2/2004 7:15 AM EDT
Click here for more stories by Jim Jubak
Should we stop worrying that the debt bubble created by the Federal Reserve since the 2000 market crash could still burst?
No way. Just the opposite, in fact. My three rules of bubbles, identified and explained here, say we're approaching the most dangerous period in the life of any bubble: the time when it is most in danger of breaking.
I know it's tempting to stop worrying about the debt bubble that was created as the Fed tried to moderate the effects of the market crash and the terror attacks of Sept. 11, 2001. The parts of the U.S. economy most sensitive to interest rates are showing few signs of crumbling in the face of the huge increase in 10-year Treasury yields since March 12 (the yield Friday was at 4.66%), and amid increasingly clear statements from the Fed that it will raise its target interest rates this year.
Sales of existing homes are running near a record pace. Consumer spending keeps chugging along, at an annualized rate of 5% in April, and retail sales climbed by an annualized 4.5% in the first three weeks of May. Even car sales are holding up; in the first four months of 2004, auto sales were up 3.1% from a year ago.
But the Three Rules of Bubbles tell me that it's too soon to stop worrying. We've hardly begun to correct the distortions that cheap money has created. Instead of deflating gradually as interest rates have started rising, the bubble has continued to swell in many sectors. The level of financial risk in the economy is still climbing.
So what are these three rules?
1. A bubble expands far longer than anyone expects. Let's look at home sales. Logically, higher mortgage rates -- rates on a 30-year fixed-rate loan are now about 6.3%, up from the low of 5.1% in June 2003 -- should slow the pace of sales and start to bring down home prices. So, again logically, the home-mortgage bubble should be starting to deflate.
But exactly the opposite is happening. Sales of existing homes grew by 2.5% in April to a seasonally adjusted annual rate of 6.64 million homes. The price for a house nationally climbed to an average $176,000 in April, up 7.3% from a year ago. Instead of cooling the housing market, higher rates actually have created a flood of new buyers who fear getting shut out of the market if rates rise too high.
More at: http://www.thestreet.com/_yahoo/funds/jubak/10163016.html
Altera business update from their website:
Management anticipates that sequential revenue growth for the second quarter will be at the high end of the company’s previously stated guidance of 7-9%
http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[r,a]dacayyay[pb50!b200][vc60][iUb14!Lp14,3,3!L...
The double doji's, overbought sto's, VIX/VXO/VXN at lower BB's, COMP hitting 50% retrace of the black crows, and likely reversal of end of month strength all suggest to me some weakness early next week. The INTC mid-quarter update will be a catalyst though, and who knows what they will say. <g>
Funny story, Zeev.
I myself happened to attend a predominantly Jewish university, although I am not of that persuasion. We had two food lines in the cafeteria...Kosher and non-Kosher. On those days when the Kosher fare looked especially tempting, I simply got in that line. Several of my Jewish friends employed the same strategy in reverse. In this way, we managed to avoid burning of houses and wind swept tents etc., and were generally happy and well fed for 4 years.
This seems to me a much more sensible solution for poor Yankle and the crazy Polish hooligans, BWDIK.
Nothing but good news...raised guidance on bookings, shipments, and eps. CEO characterizes biz environment as strong and "accelerating".
CA, new CEO coming in, clearing the decks...same thing happened at TYC.
It's all about revenge for Iraq, Afghanistan, and the Middle East. It's also about respect and credibility gained by dictating the electoral outcome of the most important country in the world. Al Quaeda's ability to recruit and get money took a huge leap after Spain.
I agree, especially if we are successful in thwarting the attack. In fact, this may be Bush's best chance of being re-elected. Right now, his prospects don't look very good.
A terrorist attack prior to our election is very likely, IMO. The lesson of the Spanish election was not lost on Al Quaeda, and they would like nothing better than to be the cause of Bush losing. New York and/or Boston seem obvious targets around the national conventions this summer. I think and hope that we are prepared and can stop any attempt.
Hey there, Culmus...hope you're doing well.
Good points. We agree.
One small nitpick, though. Yes, a larger stake in the same sized pie is worth more, but haven't you forgotten about the dividends that would otherwise have been paid? If those dividends are invested in another stock that does equally well as the original stock (or indeed in the original stock itself), an investor would have equal wealth under both scenarios.
Regards,
jd