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GM - 6 bucks a share
EOM
Industry group: August chip sales rose 5.5 percent
Thursday October 2, 9:11 am ET
Chip sales rose 5.5 percent in August, Semiconductor Industry Association says
SAN JOSE, Calif. (AP) -- Semiconductor sales totaled $22.7 billion in August, up 5.5 percent from a year ago and 2.4 percent from the previous month, the Semiconductor Industry Association said Thursday.
The industry group said that sales for the year through the end of August totaled $170.2 billion -- up 4.5 percent over the first eight months of 2007.
Chip demand was helped by sales of personal computers and cell phones, SIA said. But the group said overall growth in the industry was hurt by pricing pressure on dynamic random access memory (DRAM) chips, which are used in PCs, and NAND flash memory chips, which are used in portable electronics like cell phones and digital cameras.
Excluding memory products, chip sales rose 11.4 percent year over year in August, SIA said. On this basis, sales for the year thus far are up 4.5 percent over the same period in 2007 and are in line with the group's midyear forecast for 2008 growth of 4.3 percent.
Only problem is that no one can afford to buy any x-mas presents this year, so we'll see a huge build up in inventory
that'll take a long time to burn through...
Bill not passed !!
Markets tanking bigtime !!
Wow
What's going on with Infineon - IFX ?
down 25%
Quess it has to do with Qimonda ?
8.93 now - WTF ?
Hmmm... time to get back in ? Very tempting...
RIM 2Q earnings up 72 percent but miss forecast
Thursday September 25, 4:18 pm ET
Research in Motion earnings up 72 percent, but miss Wall Street estimates by 1 cent
NEW YORK (AP) -- BlackBerry maker Research in Motion Ltd. says its earnings for the latest quarter rose 72 percent. The results missed analyst expectations by a penny per share.
RIM said Thursday it earned $495.5 million, or 86 cents per share, in the fiscal second quarter, which ended Aug. 30. That compared with net income of $287.7 million, 50 cents per share, in the same quarter last year
Revenue was $2.58 billion, up 15 percent from a year ago.
Analysts polled by Thomson Reuters expected earnings of 87 cents a share, excluding items, on revenue of $2.6 billion for the quarter.
RIM sold 6.1 million BlackBerrys in the quarter, short of the 6.3 million expected by RBC Capital Markets analyst Mike Abramsky.
TSMC bracing for gloomy prospects in 4Q08, say investment banks
Claire Sung, Taipei; Steve Shen, DIGITIMES [Thursday 25 September 2008]
A number of investment banks, including Friedman Billings Ramsey (FBR), HSBC and Merrill Lynch, have issued a conservative guidance over the prospects for Taiwan Semiconductor Manufacturing Company (TSMC) in the fourth quarter of this year.
FBR expects an 8-10% sequential decline in TSMC shipments in the fourth quarter due to order cuts from a number of sectors, including games consoles, digital video equipment, STBs, DVDs, flat panels as well as Bluetooth chips.
TSMC is likely to see its shipments continue to decline 5-10% sequentially in the first quarter of 2009, FBR added.
HSBC expects TSMC's capacity utilization rate to fall to 75% in the fourth quarter and further decline to 65% in the first quarter of 2009 – the lowest level in recent years.
While forecasting TSMC's revenues are to drop 18-22% sequentially in the fourth quarter, Merrill Lynch also lowered its projection for TSMC's EPS (earnings per share) for 2008 from NT$4.11 to NT$3.68 and cut its target TSMC share price from NT$60 to NT$57.
Well Mike-the-not-so-Pro
You were saying ?
In an opposing view, analysts at Cowen & Co. were out positive on Marvell today. The firm reiterated their Outperform rating on Marvell ahead of the company's quarter results on Thursday, August 28, after market close. The firm said, "our checks suggest that MRVL has seen some important wins at INTC (Nasdaq: INTC) and MU (NYSE: MU); product ramp of 3G devices and expansion of XScale customer base beyond RIMM; 802.11n penetration; GPS product integration & licensing update; progress on integrated products for mobile handsets (i.e., WiFi + Bluetooth + GPS) where MRVL is clearly behind competitors."
Masters, its a roll of the dice on tomorrow's call, but the 10% downswing before the call and with the positive comments by Cowen, any good news could send this stock flying.
http://www.thestockmasters.com/MRVL-082708.html
Marvell Tech Taps Trimble's GPS Software For Chipsets
August 22, 2008: 06:16 PM EST
NEW YORK -(Dow Jones)- Marvell Technology Group Ltd. (MRVL) signed a licensing agreement with Trimble Navigation Ltd. (TRMB) in a move that it hopes will improve the chips it builds for portable devices.
The Sunnyvale, Calif., company said late Friday that the deal allows it to take Trimble's global-positioning-systems software and better integrate it into its customized chipset, allowing it to run more efficiently. The new chipset could help Marvel expand its market beyond cellphones, possibly providing GPS chips for portable videogame devices, media players and digital cameras.
"This will allow us to reach deeper into existing customers and help us find new customers," said Sameer Bidichandani, senior director of technology strategy at Marvell.
The wireless industry is increasingly looking to add GPS services to their cellphones. Consumers use them for driving directions or to get suggestions on places to eat or watch movies. Carriers, meanwhile, can charge more for the services and deliver targeted advertisements based on users' locations.
But running a GPS application is a power-consuming task for most phones. Enter Marvell. The company builds its chips with power consumption in mind, and says its devices will run twice as long.
Trimble liked the expertise Marvell showed in customizing and integrating the chips, according to Bill Dussell, director of integrated products at Trimble. The process improves upon what is currently out there.
"We see a number of problems with the way they're currently implemented," he said. "There needs to be a deeper level of integration."
Marvell offered GPS capabilities in prior chipsets, but the licensing agreement allows Marvell to take full control of the development for a more efficient product, said Bidichandani. Financial terms weren't disclosed.
The company is a lower-tier provider of cellphone chips that targets the high- end smartphone market. Its processors and cellular chips, for example, are found on Research in Motion Ltd.'s (RIMM) Blackberry products.
With the integrated GPS chips, Marvell hopes to supply top-tier handset manufacturers with chips for their mass-market phones. In addition to GPS, the chipsets also feature WiFi, Bluetooth, and FM Radio applications. The company hopes the additional features will raise the average selling price for its chips.
Marvell faces stiff competition. The market is dominated by Texas Instruments Inc. (TXN) and Qualcomm Inc. (QCOM), which both offer the same capabilities and have built strong relationships with the major handset vendors.
Bidichandani said devices carrying Marvell chips will hit the market by 2009
MikeSu is full of BS
Rambos is right
MRVL gave you the boot
that's why you bear a grudge against them.
Seagate Technology guides fiscal 1Q below Street
Tuesday July 15, 7:08 pm ET
Seagate Technology guides fiscal 1st-qtr profit below expectations; shares slide in late trade
NEW YORK (AP) -- Hard-drive maker Seagate Technology guided its fiscal first-quarter profit well below Wall Street's expectations on Tuesday.
For the fiscal first quarter ending in September, the company expects to earn 18 cents to 22 cents per share on revenue of $3.15 billion to $3.3 billion.
Excluding certain items, Seagate expects a profit of 22 cents to 26 cents per share.
Analysts polled by Thomson Financial expected, on average, earnings of 58 cents per share -- with per-share estimates as high as 69 cents and as low as 44 cents -- on revenue of $3.23 billion. Analysts typically exclude one-time charges.
"Financial performance improvement will be incremental as the company implements numerous changes across the business during the first half of the fiscal year," the company said in a release.
Shares sank $1.80, or 10 percent, to $15.50 in aftermarket trading Tuesday.
The overrated iPhone teardown according to iFixit
AMD i 4,75
Mange fristelser
Har købt lidt WM idag - ved godt alle fraråder finansaktier
men det skider jeg på. Køb når panikken er størst ikk ? Hvis den overlever er den i 15-20 om 1-2 ar. Hvis ikke er det bare sur røv.
Snart tid til ETFC igen ?
Den stiger da pænt idag. 13%
Er det den i London WAGN.L ?
Sales på over 700 millioner pund pr.år og en MC på kun lidt over 4 mio pund ?
Der snakkes om "Rights Issue" Hvad går det ud på ?
http://www.wagonautomotive.com/wagonautomotive/uploads/news/WagonPreliminaryStatement08FINAL.pdf
VMW
being dumped as CEO leaves
Stock has often been mentioned on this board in the past
FRE taking a beating
Almost hit 10 bucks today. Yikes !
NVDA hits 14 in AH
RBS issues global stock and credit crash alert
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 12:19am BST 19/06/2008
The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.
"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.
A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.
RBS warning: Be prepared for a 'nasty' period
Such a slide on world bourses would amount to one of the worst bear markets over the last century.
RBS said the iTraxx index of high-grade corporate bonds could soar to 130/150 while the "Crossover" index of lower grade corporate bonds could reach 650/700 in a renewed bout of panic on the debt markets.
"I do not think I can be much blunter. If you have to be in credit, focus on quality, short durations, non-cyclical defensive names.
"Cash is the key safe haven. This is about not losing your money, and not losing your job," said Mr Janjuah, who became a City star after his grim warnings last year about the credit crisis proved all too accurate.
RBS expects Wall Street to rally a little further into early July before short-lived momentum from America's fiscal boost begins to fizzle out, and the delayed effects of the oil spike inflict their damage.
"Globalisation was always going to risk putting G7 bankers into a dangerous corner at some point. We have got to that point," he said.
US Federal Reserve and the European Central Bank both face a Hobson's choice as workers start to lose their jobs in earnest and lenders cut off credit.
The authorities cannot respond with easy money because oil and food costs continue to push headline inflation to levels that are unsettling the markets. "The ugly spoiler is that we may need to see much lower global growth in order to get lower inflation," he said.
Morgan Stanley warns of catastrophe
More comment and analysis from the Telegraph
"The Fed is in panic mode. The massive credibility chasms down which the Fed and maybe even the ECB will plummet when they fail to hike rates in the face of higher inflation will combine to give us a big sell-off in risky assets," he said.
Kit Jukes, RBS's head of debt markets, said Europe would not be immune. "Economic weakness is spreading and the latest data on consumer demand and confidence are dire. The ECB is hell-bent on raising rates.
"The political fall-out could be substantial as finance ministers from the weaker economies rail at the ECB. Wider spreads between the German Bunds and peripheral markets seem assured," he said.
Ultimately, the bank expects the oil price spike to subside as the more powerful force of debt deflation takes hold next year.
TI, Qualcomm to hold off Intel in booming MID market, says analyst
Peter Clarke
Page 1 of 2
EE Times Europe
(06/12/2008 7:47 AM EDT)
LONDON — The market for integrated circuits for inclusion in MIDs is set to grow from $29 million in 2008 to $2.6 billion in 2012, with Texas Instruments and Qualcomm as leading suppliers of silicon, according to consultancy Forward Concepts (Tempe, Arizona).
Over the same period number of global MID shipments is set to grow from 305,000 in 2008 to 40 million in 2012, the consultancy predicted.
That market supports application processors, digital basebands, RF transceivers and power amplifiers, graphics and other coprocessors, imagers, touch-screen controllers, power management ICs and peripheral chips such as Wi-Fi, WiMax, GPS, Bluetooth and Mobile TV.
Although Apple's 3G iPhone marks a breakthrough in portable Internet access, user interaction and utility, Forward Concepts does not consider it to be a MID. According to Forward Concepts an MID requires a 4- to 6-inch screen with higher resolution (VGA), TV out and optional Mobile TV capabilities.
Meanwhile a lot of attention is paid to the flagship application and baseband processors used within both the iPhone and MIDs, which has been characterized as a battleground for Intel X86 against ARM-based chips.
Intel has more chance of success in a different class of device, the ultramobile PC, according to the consultancy, because x86 compatibility is important, and battery life expectations are similar to those of notebook computers.
Texas Instruments, with its OMAP application processor family and the largest market share of the stand-alone Smartphone applications processor market, is one of the two best-positioned non-X86 semiconductor vendors for supplying stand-alone applications processors for all classes of MIDs, Forward Concepts asserted. The other is Qualcomm with its SnapDragon application processor and the company's 3G wireless position, a must have feature for the MID market.
Other chip suppliers will have plays in the MID market, including Nvidia, with its strong graphics capability which will play well for gaming applications and Samsung, with its applications processor experience and stacked memory capability. However, the user interface will be key to success in individual MID units and will likely need to respond not only to touch-based inputs but also to keep pace with other evolving input methods, such as those based on motion, gesture, placement, and so on.
"We don't envision MIDs as ever employing Microsoft's Vista operating system; however, we believe that Microsoft has a MID play with future versions of Windows Mobile. Of course, Linux will be popular in MIDs for its lower processing overhead and tighter OEM control," said Will Strauss, president of Forward Concepts, in a statement.
Another segment where MRVL is doing well - I believe MRVL is a HP supplier
Taiwan market: HP aiming for 30% laser printer market share in 2008
Jimmy Hsu, Taipei; Adam Hwang, DIGITIMES [Tuesday 17 June 2008]
Hewlett-Packard (HP) on June 16 unveiled two color laser MFPs (multi-functional peripherals), the Color LaserJet CM6040 and Color LaserJet M9040, for immediate launch in Taiwan. The company has set a target market share of 30% in terms of sales volume of laser printers (including MFPs) for 2008 and that of 40% for 2009, according to HP Taiwan.
The two MFPs are available for rent or sale in combination with software provided by HP's partners and/or maintenance services as a total solution, HP Taiwan indicated. The partners are providers of system integration services specializing in digital document management for financial businesses, HP Taiwan pointed out.
Stable growth for DRAM price in 3Q08, says DRAMeXchange
Press release, June 17; Esther Lam, DIGITIMES [Tuesday 17 June 2008]
Despite the possibility of lower DRAM contract quotes in the second half of June, DRAMeXchange projects that DRAM pricing should have a stable upward trend in the third quarter of 2008.
DRAMeXchange observes that most DRAM makers wish to raise their quotes by 2-5% in the second half of June as their supplies cannot satisfy all demand. But given that some OEMs have secured their supply through late June in early May and some other buyers will negotiate in accordance to market status, some PC OEMs were quoted as saying that lower quotes are likely as chipmakers are entering the quarterly earnings report season.
DRAMeXchange said OEMs are still housing a safe inventory level, thus DRAM makers are finding it hard to raise their quotes despite claiming a tightening supply. Also, given that OEMs are still capable of adjusting their memory product mixture from 1GB to 3GB, DRAM makers find it hard to take a strong stance in price negotiations.
The memory-trading firm projects that contract price for 1GB DRAM DIMMs will stay in the range of US$21-25 in the third quarter and the price of 2GB to be in the range of US$40-46. As of the first half of June, DRAMeXchange recorded prices of 1GB and 2GB DRAM modules at US$21.50 and US$43, respectively.
Samsung debuts Omnia SGH-i900 handset, not worried about competition from iPhone
Daniel Shen, Singapore; Adam Hwang, DIGITIMES [Tuesday 17 June 2008]
Samsung Electronics, at a June 16 global press conference in Singapore, unveiled the new Omnia SGH-i900 handset. While Apple's iPhone has invigorated segments of the handset market, Samsung is confident the Omnia SGH-i900 will be able to compete due to Samsung's design and technological capabilities, according to company mobile communications marketing vice president, Younghee Lee.
Omnia SGH-i900 supports 7.2Mbps HSDPA (3.5G), GSM, GPRS, WCDMA, EDGE and is based on the Windows Mobile 6.1 Professional platform. The handset features an auto-focus 5-megapixel camera, a 3.2-inch WQVGA TFT-LCD touchscreen, TouchWiz touch-control interface, GPS, Bluetooth 2.0 and Wi-Fi. Dimensions of the device are given as 112×56.9×12.5mm (H×W×D), according to the company.
Omnia SGH-i900 will be launched in Singapore later this month, in Europe at the end of July, and in other markets in August, Samsung indicated. The handset is currently being showcased at CommuniAsia 2008 taking place in Singapore.
Ja, FMD er fin - burde have hoppet paa da du naevnte den
Smutter ned til Dolomitterne i weekenden og skal besejre nogle af de kendte pas. Stelvio bl.a.
Har koebt lidt WM. Ved godt det er risky og muligheden for konkurs lurer. MEN kan de klare skaerene maa der sgu vaere lidt gevinst at hente.
AP
Banking turnaround likely in '09: Goldman
Tuesday June 17, 12:46 pm ET
Goldman Sachs sees broad rebound in the banking sector starting in the 1st quarter of 2009
NEW YORK (AP) -- Four major hurdles must be crossed before a broad recovery in the banking sector, and that might not occur for another six to nine months, according to a new research report from Goldman Sachs.
The sector is only likely to rebound broadly when credit costs have stabilized, banks complete a process of recapitalization, consensus estimate ranges for earnings narrow and the yield curve steepens, Goldman Sachs analysts wrote in the report, which it based on looking at past credit cycles.
Goldman Sachs estimates credit losses resulting from continued deterioration in the mortgage and lending markets will not peak until early 2009, making a broad-based rally in the sector unlikely before the end of 2008. Goldman Sachs estimates peak losses will occur during the first quarter of 2009, with charge-off ratios reaching, on average, 1.39 percent.
Charge-off ratios were at about 0.95 percent during the first quarter, and Goldman Sachs expects them to rise to about 1.12 percent for the second quarter. Charge-offs are loans written off as not being repaid. The ratio measures charge-offs as a percentage of the size of a bank's total loan portfolio.
Banks also must continue to raise new capital before share prices can rebound. Goldman Sachs estimates the recapitalization process is about two-thirds complete for U.S. banks and the risk of insolvency has been significantly reduced. U.S. banks have raised about $120 billion and will need to raise an additional $65 billion, Goldman Sachs wrote in the report.
But with loss estimates still changing and some banks still needing to raise capital, analyst estimates vary widely from bank to bank, Goldman Sachs said.
The variations in future earnings estimates means there is no agreement where earnings or book value of banks will stabilize during the credit downturn, according to the report.
"We watch for a tightening of the consensus range, which is at record highs," Goldman Sachs said in the report. "When the range tightens, it will signal confidence in where book values stabilize."
The one factor likely already completed is the steepening of the yield curve, Goldman Sachs said. The Federal Reserve has significantly cut interest rates to try and help boost the financial markets and the economy, which has led to a steeper yield curve.
But, Goldman Sachs notes a steepening yield curve during this cycle might not provide the benefit of past cycles because banks earn more money on fees now and the easing by the Fed has yet to improve tight credit conditions.
Because of revisions to credit costs and loss estimates, Goldman Sachs also reduced price targets and 2008, 2009 and 2010 earnings estimates for some national, regional and trust banks because of the likely continued increase of credit-related losses.
From Briefing.com: 4:15 pm: 4:07PM Adobe Systems beats by $0.04, reports revs in-line; guides Q3 EPS in-line, revs in-line (ADBE) 42.85 +0.14 : Reports Q2 (May) earnings of $0.50 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.46; revenues rose 19.0% year/year to $886.9 mln vs the $880 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.45-0.47 vs. $0.45 consensus; sees Q3 revs of $855-885 mln vs. $877.94 mln consensus.
The stock market settled unchanged on Monday, as strength in financials offset weakness in consumer staples and telecom. The tech-heavy Nasdaq Composite handily outperformed the broader market with a gain of 0.8% thanks to strength in large-cap names.
Much of the action, however, was outside of the stock market, with crude prices going on massive $7 swing from peak to trough.
Crude oil futures soared 3.7% to an all-time high of $139.89 per barrel in premarket trading -- which occurred despite reports that Saudi Arabia is going to increase its output by 200,000 barrels a day, increasing worldwide supply by 0.2%. There was not a specific catalyst for the advance, although a declining dollar (-0.7%) and reports of a North Sea rig fire played a role in the buying interest. Then on no specific news, crude reversed in the red, settling the day with a loss of 0.8% at $133.82 per barrel.
The financial sector was once again in focus on Monday. Lehman Brothers (LEH 27.09, +1.28) reported a second quarter loss of $2.8 billion, or $5.14 per share -- matching its preannouncement. Lehman's stock rose 5%, with investors encouraged on word that the company cut its mortgage holdings by 20%.
AIG (AIG 34.02, -0.16) ousted its CEO in response to poor handling of the credit market turmoil, which follows in the footsteps of several other major financial firms. AIG said the management change is not in response to its second quarter results, which the company is expected to report sometime in August.
Financials (+1.1%) outperformed throughout the session, and settled the day with the largest advance.
The Nasdaq outperformed with Research In Motion (RIMM 140.96, +8.00) benefiting from several positive brokerage comments and Teva Pharmaceutical (TEVA 44.74, +2.24) advancing after announcing one of its drugs can slow down the progression of Parkinson's disease. Apple (AAPL 176.85, +4.48) also gave the index a boost, with brokerage firm RBC increasing its iPhone sales estimates and speculation over CEO Steve Jobs' health driving the buying interest.
Brokerage downgrades of giants General Electric (GE 28.96, -0.19), Verizon (VZ 36.19, -1.14) and AT&T (T 36.14, -0.54) -- which make up more than 5% of the S&P 500 -- prevented the broader market from making an advance.
Verizon and AT&T were downgraded to Neutral from Buy at UBS. The firm believes economic weakness will hinder results at the telecom giants. The telecom sector (-1.4%) posted the largest loss of the day.
General Electric -- the second largest company within the S&P 500 behind Exxon Mobil (XOM 88.00, -0.36) -- was downgraded to Neutral from Outperform at JPMorgan. The firm feels that slower economic growth may reduce GE's earnings.
In economic news, June manufacturing activity in the New York region contracted by a larger-than-expected amount, according to the NY Empire State Index. The reading slipped 5.5 to -8.7, which fell short of the consensus estimate of -2.0. The stock market responded negatively to the report.DJ30 -38.27 NASDAQ +20.28 NQ100 +1.0% R2K +1.0% SP400 +0.8% SP500 +0.11 NASDAQ Dec/Adv/Vol 1168/1673/1.85 bln NYSE Dec/Adv/Vol 1225/1879/1.16 bln
2:46PM Intel spins off solar energy technology; Intel Capital invests in SpectraWatt (INTC) 23.08 +0.41 : Co announces it is spinning off key assets of a start-up business effort inside Intel's New Business Initiatives group to form an independent co called SpectraWatt Intel Capital, Intel's global investment organization, is a $50 mln investment round in SpectraWatt and is joined by Cogentrix Energy, a wholly owned subsidiary of The Goldman Sachs Group (GS), PCG Clean Energy and Technology Fund and Solon AG. The transaction is expected to close in the second quarter of 2008.
8:30AM O2Micro's Lamp Current Topology receives patent (OIIM) 7.76 : The co announces it was issued 23 claims under United States patent number 7,372,213 for its Lamp Current Balancing topology.
8:02AM Chipmos Technology reports May revs declined 5.6% from April, 20.9% YoY (IMOS) 3.40 : Co reports revenues for the month of May 2008 were NT$1,563.3 mln or US$51.5 mln, a decrease of 5.6% from the month of April 2008 and a decrease of 20.9% from the same period in 2007.
Applied Materials (AMAT) announced that its non-binding proposal to the Supervisory Board of ASM International (ASMI) for the possible acquisition of ASMI's Atomic Layer Deposition and Chemical Vapor Deposition businesses remains open, despite the Supervisory Board's recent rejection of the offer and counter-reply. Applied Materials' proposal reflects a purchase price of between $400-500 mln in cash for these businesses, subject to due diligence...
12:56AM Broadcom found not to infringe SiRF patents in ITC ruling (BRCM) 25.79 : Co announces that the U.S. International Trade Commission rejected claims by SiRF Technology (SIRF) that two of its GPS patents were infringed by Global Locate, a co Broadcom acquired in July 2007. The ITC also found that the asserted claims of one of SiRF's patents at issue are invalid.
09:27 am Amkor: . Target $14. Amtech upgrades AMKR to Buy from Neutral with a $14 tgt syaing checks indicate high-end handset and mobile device unit strength, which requires increased stacked die assembly and packaging and should therefore drive 2H08 demand for AMKR. The firm says while low-end handset units appear weak, they believe the strength in high-end handset units provide the offset. Furthermore, the firm believes the E.R.P disruption which impacted the June quarter has been contained to about a week's worth of disruption, resulting in about a 2% revenue impact from initial 2Q guidance, but a more substantial gross margin and EPS impact to their $0.28 estimate (Street at $0.29) and vs prior management guidance of $0.34 +/- $0.02.
09:26 am Kulicke & Soffa: . Target $10. Amtech upgrades KLIC to Buy from Neutral with a $10 tgt saying checks indicate that wire bonder orders appear to have stabilized, and that current strength in high-end handset units and mobile devices that require increased stacked die assembly is expected to drive 2H08 wire bonder tool capacity growth. The firm says while low-end handset units appear weak, they believe the strength in high-end handsets requiring advanced wire bonder tools can offset such weakness.
Samsung Omnia
iPhone is overrated....
The i900 does indeed come with HSDPA, 16GB internal storage, a 5-megapixel camera and runs Windows Mobile 6.1. Aside from that, we also know it has a 624MHz Marvell processor, 128MB of RAM and haptic feedback.
http://asia.cnet.com/reviews/handhelds/printerfriendly.htm?AT=43574746p-1s-39000061c-20000063q
June 13, 2008, 10:35 am
Marvell Rises On Rumors TXN, Silver Lake May Bid
Posted by Eric Savitz
Marvell (MRVL) shares are sharply higher this morning on rumors the company might be a takeover target, according to trading sources. The talk is that Texas Instruments (TXN) or private equity firm Silver Lake Partners might make an offer; the rumored bid price is $24 a share. That would value the company at $14.4 billion. I repeat: this a rumor, of uncertain validity, so treat it accordingly.
Marvell shares are up $1.12, or 7%, to $17.09.
What's up ? Rising fast +8% now..
What leaked ?
Euro dropping vs. dollar on the Irish NO vote to the Lisbon treaty
The banks may be in deep sh.. but at least they won't have trouble finding a roof over their heads.. LOL
Foreclosures Rise 48% in May as U.S. Bank Repossessions Double
By Bob Ivry
June 13 (Bloomberg) -- Bank repossessions more than doubled in May and foreclosure filings rose 48 percent from a year earlier as previously foreclosed properties dragged down housing prices, RealtyTrac Inc. said in a report today.
One in every 483 U.S. homeowners lost their houses to foreclosure or received either a default warning or notice that their home would go up for sale at auction, RealtyTrac said. That was the highest rate since the Irvine, California-based company began reporting in January 2005 and the 29th consecutive month of year-over-year increases. Nevada, California and Arizona posted the highest rates in the U.S. and New Jersey entered the Top 10, according to RealtyTrac
http://www.bloomberg.com/apps/news?pid=20601068&sid=aA1ZBbzQ6gzA&refer=home
Dollar'en stiger på det Irske Nej. 4.86 nu
Jaja...ALT hjælper i disse tider
Qualcomm (QCOM)
Communication equipment company Qualcomm (QCOM 49.00, +2.69) raised its earnings guidance for its fiscal third quarter and its full year 2008.
San Diego-based Qualcomm is benefiting from the global migration to 3G. CEO Dr. Paul Jacobs said "Our updated guidance reflects greater than expected demand for our 1xEV-DO and HSPA chipsets as well as revenues from advanced 3G network upgrades." The company also enjoyed a higher-than-expected average price for CDMA devices.
The company expects fiscal third quarter revenue to be slightly above the prior guidance of $2.5 billion to $2.7 billion, compared to the consensus estimate of $2.6 billion. Qualcomm forecasts earnings of $0.54 to $0.55 per share, excluding nonrecurring items, which tops the consensus estimate of $0.52.
For the full year, the company expects to earn between $2.09 and $2.13 per share, up from its previous range of $2.04 and $2.09. The consensus estimate stands at $2.11 per share.
Shares are up 5.8% on the news, the largest daily advance since Jan. 24, when shares spiked 10% in response to the company's first quarter earnings.
SimonBlanco..er det korrekt at du bor i South California ? Hvordan ser du real estate markedet dernede ? Er der flere prisfald i vente eller er der ved at vaere bund i det ? Gaar og lurer lidt paa en long term investering af evt. en condo i Palm Springs eller omegn. Saadan et lille winter getaway som ogsaa kan lejes ud ind imellem.
Synes nogle af finansaktierne frister ...