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.
16:18 ET Cisco Systems reports $0.14 per share, two cents better (CSCO) : Company reports Q4 earnings of $0.14 per share, $0.02 better than the Multex consensus; Q4 revs came in at $4.83 bln vs the consensus estimate for revs of $4.88 bln; no guidance included with company's release; co also increased its stock buyback by $5 bln to a total of $8 bln (of the total $8 bln, $2 bln has already been repurchased).
An SI E-waver sees a potential bullish wedge for the SOX.........
http://marketswing.com/discus/messages/968/105720.gif
Ö¿Ö
OOF ??
Ö¿Ö
16:33 ET Adobe Systems warns for Q3 (ADBE) 23.96 -0.98: -- Update -- Announces it is reducing its third quarter revenue target range to $270 to $290 million from its previously stated target range of $300 to $320 million. Third quarter pro forma earnings per share are now targeted at $0.18 to $0.23, down from the original target of $0.24 to $0.27 -- current consensus estimates are for earnings of $0.25 per share on revenues of $309.4 million.
17:23 ET KLA-Tencor guides lower (KLAC) 40.34 +1.43: -- Update -- On call, company guides lower for Q1 (Sep). Revenue and EPS now expected at $370-380 mln and $0.25-$0.26 vs Multex consenus of $400 mln and $0.24... However, KLAC's guidance includes a 3 cent benefit from an installment sale, so it's unclear if Multex consensus included that. If not, it looks like a warning on EPS also... stock falls a dollar as guidance provided...stock now at 39.20.
17:15 ET KLA-Tencor (KLAC) 40.34 +1.43: -- Update -- On its conference call, company sees flat bookings in Q1 (SepQ), but has not given revenue/EPS guidance... Despite limited visibility, the company sees "strong growth" in 2003 and 2004... stock at 40.08.
16:17 ET KLA-Tencor tops consensus by 3 cents (KLAC) 40.33 +1.42: -- Update -- Reports Q4 net of $0.23 a share, $0.03 better than the Multex consensus, vs yr-ago EPS of $0.67. Revs fell 38% to $373 mln (consensus $366.25 mln). "Although we are now entering into a flat period, we are confident that a recovery is underway."
16:21 ET KLAC rises 1.5% in after hours trading :
KLA-Tencor Reports Operating Results for Fiscal Year 2002
SAN JOSE, Calif.--(BUSINESS WIRE)--July 30, 2002--KLA-Tencor Corporation (Nasdaq:KLAC - News) today announced its operating results for its fourth quarter and 2002 fiscal year, which ended on June 30, 2002. The company reported $47 million in net income and earnings per share of $0.23 on revenues of $373 million for the fourth quarter. In the fourth quarter of fiscal year 2001, by comparison, KLA-Tencor reported net income of $130 million and earnings per share of $0.67 on revenues of $603 million. In a quarter-over-quarter comparison with the March 2002 fiscal third quarter, net income rose 36 percent from $34 million, earnings per share increased 35 percent from $0.17, and revenue rose 4.5 percent from $357 million. For the full fiscal year 2002, KLA-Tencor reported net income of $216 million and earnings per share of $1.10 on revenue of $1.64 billion. This compares with net income of $373 million and earnings per share of $1.93 (prior to the cumulative effect of the implementation of SAB 101 accounting principles) on revenue of $2.1 billion for the 2001 fiscal year.
According to Ken Schroeder, KLA-Tencor's President and Chief Executive Officer, orders gradually increased during the second half of fiscal 2002, as leading chipmakers worked to overcome the challenges of ramping yields on advanced semiconductor manufacturing processes. "Although we are now entering into a flat period, we are confident that a recovery is underway," Schroeder explained. "While the upturn will ultimately depend on macroeconomic factors outside our control, the semiconductor industry must ready itself to meet the inevitable wave of demand for the products driving the world's microelectronics revolution."
Schroeder added that investments in process control will continue to be essential to meet this demand. "Today, these investments are needed to solve the extremely challenging yield issues associated with 130 nm devices. In the future, advanced process control solutions will be required at even greater levels to ensure that global chipmakers are able to maximize yields of these next-generation chips. As the industry's leading yield management company, KLA-Tencor is ideally positioned to capitalize on this investment trend."
KLA-Tencor reports that it ended the year with six months of backlog at current shipping levels. Geographically, the strongest order activity originated from the United States and Asia excluding Japan. These regions were followed by Europe, where bookings remained at historical levels, and Japan which remained below historical levels. Regional orders were largely consistent with spending on next generation IC technologies.
Gross margins for the current quarter were 50.1 percent versus 49.0 percent in the prior quarter. Operating expenses were $140 million, or 37.5% of revenue. Cash and marketable securities were $1.33 billion, an increase of $117 million from the previous quarter.
Forward Looking Statements: Statements in this press release regarding the prospects for an industry "recovery," an "upturn," any future "wave of demand" and current order backlog are forward-looking statements, and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations, and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: delays or cancellations of orders by customers; shipments or acceptances; inability by the company to meet its production and/or product development schedules; the demand for semiconductors; and new and enhanced product offerings by competitors. For other factors that may cause actual results to differ from those projected, please refer to the company's Form 10-K, Forms 10-Q and other filings with the Securities and Exchange Commission. Actual results could differ materially from those anticipated in forward-looking statements in this release as a result of certain factors, including those set forth in the risk factors described in the company's SEC filings.
About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC. Additional information about the company is available on the Internet at http://www.kla-tencor.com
KLA-Tencor Corporation
CONDENSED CONSOLIDATED UNAUDITED BALANCE SHEETS
June 30, June 30,
2002 2001
-------- ---------
(In thousands)
ASSETS
Cash, short-term investments and
marketable securities $1,333,583 $1,143,860
Accounts receivable, net 277,006 402,013
Inventories 323,016 394,406
Land, property and equipment, net 300,560 290,254
Other assets 483,553 514,018
---------- ----------
Total assets $2,717,718 $2,744,551
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 52,988 $ 60,740
Deferred system profit 193,852 422,054
Unearned revenue 54,886 70,974
Other current liabilities 385,764 430,317
---------- ----------
Total current liabilities 687,490 984,085
---------- ----------
Stockholders' equity:
Common stock and capital in
excess of par value 765,946 714,333
Retained earnings 1,259,695 1,043,529
Accumulated other comprehensive
income 4,587 2,604
---------- ----------
Total stockholders' equity 2,030,228 1,760,466
---------- ----------
Total liabilities and
stockholders' equity $2,717,718 $2,744,551
========== ==========
KLA-Tencor Corporation
CONDENSED CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS
Three months ended Twelve months ended
June 30, June 30,
2002 2001 2002 2001
----------------------------------------------------------------------
(In thousands,
except per share data)
Revenues $ 373,194 $ 602,642 $1,637,282 $2,103,757
Costs and operating
expenses:
Costs of goods sold 186,112 269,169 814,393 937,152
Research and
development 68,945 89,067 287,408 355,772
Selling, general and
administrative 70,914 85,047 290,588 354,368
Non-recurring
acquisition,
restructure and
other charges -- (2,003) -- (2,003)
-------- -------- -------- --------
Total costs and
operating expenses 325,971 441,280 1,392,389 1,645,289
-------- -------- -------- --------
Income from operations 47,223 161,362 244,893 458,468
Interest income and
other, net 10,960 13,577 42,563 54,116
-------- -------- -------- --------
Income before income
taxes and cumulative
effect of change in
accounting principle 58,183 174,939 287,456 512,584
Provision for income
taxes 11,679 44,985 71,290 139,526
-------- -------- -------- --------
Income before
cumulative effect of
principle, net of
tax benefit 46,504 129,954 216,166 373,058
Cumulative effect of
change in accounting
principle, net of
tax benefit -- -- -- (306,375)
-------- -------- -------- --------
Net income $ 46,504 $ 129,954 $ 216,166 $ 66,683
========== ========== ========== ==========
Earnings per basic
share:
Income before
cumulative effect
of change in
accounting principles $ 0.25 $ 0.70 $ 1.15 $ 2.01
Cumulative effect of
change in accounting
principle $ -- $ -- $ -- ($ 1.65)
-------- -------- -------- --------
Net income $ 0.25 $ 0.70 $ 1.15 $ 0.36
========== ========== ========== ==========
Earnings per diluted
share:
Income before
cumulative effect
of change in
accounting principles $ 0.23 $ 0.67 $ 1.10 $ 1.93
Cumulative effect of
change in accounting
principle $ -- $ -- $ -- ($ 1.59)
-------- -------- -------- --------
Net income $ 0.23 $ 0.67 $ 1.10 $ 0.34
========== ========== ========== ==========
Weighted average
number of shares:
Basic 189,218 186,130 187,667 185,860
========== ========== ========== ==========
Diluted 198,452 194,630 196,594 193,435
========== ========== ========== ==========
13:48 ET U.S. officials believe bin Laden dead : According to a CNN report, some high-level U.S. officials believe that Osama bin Laden is dead. The speculation is based on the reported capture of members of bin Laden's security detail. U.S. officials said some members of the security detail are among the detainees at Guantanamo Bay. Sources said they believe it's likely bin Laden died if his bodyguards were captured away from him.
12:06 ET Dell Computer gives positive comments at Soundview conference (DELL) 24.96 +0.51: Soundview says that DELL gave some positive comments at their storage conference regarding their partnership with EMC, and is targeting more complex offerings at the higher end of the mkt with EMC; in addition, DELL indicated that customers currently have a slight preference for QLGC host bus adaptors over those from ELX; finally, DELL indicated they were comfortable with their current gross margins.
11:25 ET Veritas Software presents at SoundView Storage Conference (VRTS) 18.61 +0.39: According to SoundView, co made typically strong presentation highlighting strategic themes. Q2 seems to be back to more normal linearity with improved visibility.
Hi hawk,
MOMO is the momo crowd, both shorts & longs.
Dip in the AM generally means weakness before Mosis steps in at lunch to buy.......... swoons IMO are pretty sizable & swift drops.
Be careful though...... Tomorrow @ 10 AM is Consumer Confidence #'s...... and we've run a long way in a short period of time.
Ö¿Ö
"Right now, the market looks as if it could easily have put the bottom for a secular bull lasting between 6 to 9 months, or longer. Since I am not yet sure of that, I'll still play it carefully........"
Things that make you say Hmmmmmmm......... I'm sure that means you made a trip thru the turnip patch.......... I can't wait for the reading of the turnip leaves <gg>.
Ö¿Ö
Zeev,
Any thoughts on KLAC's earnings report/guidance tomorrow?
Thanks,
Tim Ö¿Ö
15:35 ET Earnings Calendar : The earnings flow is beginning to slow as we move into the tail end of reporting season. Companies scheduled to release results this evening include ACE, CSGS, FMKT, MIR, RCII... Due out tomorrow morning are BEBE, CVX, COH, DYN, KLAC,PER.
SOX @ HOD.
Ö¿Ö
17:49 ET Qualcomm (QCOM) 25.65 -3.45: -- Update -- On call, company affirms its CDMA overall industry guidance for 2002. Management says analysts are below QCOM's forecast, but QCOM expects replacement sales to be stronger than analysts expect... Also, company says it is optimistic about growth in the US. Replacement market is strong... stock climbing to 27.30.
17:40 ET Qualcomm (QCOM) 25.65 -3.45: -- Update -- On its conference call, the company says it gained market share in the quarter... Thus far, Q4 (Sep) orders have been strong for MSM chipsets... stock at 27.08.
16:55 ET Qualcomm (QCOM) : Posts Q3 net of $0.24 a share, $0.02 better than the Multex consensus. Revs rose 10% to $721 mln (consensus $697.29 mln). For Q4, co sees EPS of $0.26-$0.27 on a 10-13% sequential rev increase (consensus $0.24).
___________________________________________________________
QUALCOMM Announces Third Quarter Fiscal 2002 Results with Record Shipments of MSM Phone Chips
SAN DIEGO--(BUSINESS WIRE)--July 25, 2002--QUALCOMM Incorporated (NASDAQ: QCOM - News):
QUALCOMM's third quarter fiscal 2002 earnings conference call will
be broadcast live on July 25, 2002 beginning at 2:30 p.m. Pacific
Daylight Time on the Company's web site at: www.qualcomm.com.
This conference call may contain forward-looking financial
information. The taped audio replay will be available for five
business days. To listen to the replay, U.S. callers may dial
(800) 633-8284 and international callers may dial (858) 812-6440.
Both U.S. and international callers should use reservation number
20713120.
QUALCOMM Incorporated (NASDAQ: QCOM - News) today announced its third quarter fiscal 2002 results ended June 30, 2002. Pro forma revenues were $721 million, an increase of 10 percent compared to $657 million in the year ago quarter and 9 percent compared to $659 million in the second quarter of fiscal 2002. Pro forma earnings per share were $0.24 in the third quarter of fiscal 2002, an increase of 20 percent compared to $0.20 per share in both the year ago quarter and the second quarter of fiscal 2002(1) (see Pro Forma Condensed Consolidated Statements of Operations Schedule for pro forma adjustments). GAAP reported revenues for the third quarter of fiscal 2002 were $771 million compared to $657 million in the year ago quarter and $696 million in the second quarter of fiscal 2002. GAAP reported loss was $14 million or $0.02 per share in the third quarter compared to a loss per share of $0.26 in the year ago quarter and earnings per share of $0.05 in the second quarter of fiscal 2002.
GAAP reported losses for the third quarter were primarily due to $194 million in charges related to Leap Wireless investments. Due to the significant decline in the market value of the Leap Wireless marketable securities during the third quarter and the percentage decline relative to their cost, we transferred $167 million in cumulative unrealized losses recorded in equity to the earnings statement for the third quarter of fiscal 2002. This reclassification was made in accordance with the guidelines for "other than temporary losses" as required by Financial Accounting Standard (FAS) 115. We also recorded $27 million in FAS 133 losses related to Leap Wireless warrants.
"The continued strength of commercial 3G CDMA2000 1X deployments is evident in our third quarter results, which exceeded our expectations for pro forma revenues and earnings," said Dr. Irwin Mark Jacobs, chairman and CEO of QUALCOMM. "We achieved record shipments of MSM phone chips, CSM equivalent voice channels and gpsOne position location-enabled devices. We also reached a milestone of one million BREW users during the quarter and were pleased to see the commercial launch of two new BREW-enabled networks at KDDI in Japan and Verizon Wireless in the United States. As part of the rapid evolution with CDMA to high speed, low cost data, we experienced the first deployment of CDMA2000 1X EV-DO (data optimized) 2.4 Mbps service by SK Telecom and KTFreeTel at the World Cup games in South Korea."
"In today's environment where every capital expenditure dollar counts, we believe the combination of a CDMA2000 1X network and BREW applications provides CDMA carriers clear economic and service quality advantages over their competitors. We will continue to work closely with our chip customers, as well as the wireless carriers and applications developers, to rapidly deliver 3G CDMA of their preference to users across the globe," said Dr. Jacobs.
Pro forma revenues increased to $721 million in the third quarter of fiscal 2002 from $657 million in the year ago quarter, and $659 million in the second quarter of fiscal 2002. The increase in revenues compared to the year ago quarter is primarily related to an increasing demand for CDMA products across all major regions of CDMA deployment, with the exception of Latin America which has been impacted by the economic downturn in that market. Key drivers of demand are third generation ("3G") CDMA2000 products, Binary Runtime Environment for Wireless(TM) (BREW(TM)) applications and gpsOne(TM) position location capabilities.
Pro forma gross margin for the third quarter of fiscal 2002 was 67 percent compared to 65 percent in the year ago quarter and 67 percent in the second quarter of fiscal 2002. The increase in pro forma gross margin from the year ago quarter resulted from improved gross margins in the QUALCOMM CDMA Technologies (QCT) business segment, primarily resulting from a change in product mix toward the higher end devices utilizing our 3G CDMA2000 1X Mobile Station Modem (MSM(TM)) phone chips and an increase in royalty revenues in the QUALCOMM Technology Licensing (QTL) business segment.
Pro forma R&D expenses were $114 million in the third quarter of fiscal 2002 compared to $106 million in the year ago quarter and held constant to the second quarter of fiscal 2002. The increase in R&D expenses compared to the year ago quarter was primarily due to QCT product initiatives to support high-speed wireless Internet access and multi-mode, multi-band, multi-network chipsets using our radioOne(TM) direct conversion architecture.
Pro forma selling, general and administrative expenses were $99 million in the third quarter of fiscal 2002 compared to $102 million in the year ago quarter and $97 million in the second quarter of fiscal 2002. The decrease in SG&A expense compared to the year ago quarter was primarily due to a reduction in bad debt expense, partially offset by the effects of increased head count and related expenses for our support and marketing efforts related to the BREW application development platform.
Pro forma investment income was $28 million for the third quarter of fiscal 2002 compared to $24 million in both the year ago quarter and the second quarter of fiscal 2002. Pro forma investment income is primarily comprised of interest income on corporate cash and marketable securities. The increase in interest income as compared to the year ago quarter was a result of higher average balances of cash and marketable securities.
The Company's pro forma annual effective income tax rate for fiscal 2002 is estimated to be 35 percent.
QUALCOMM Strategic Initiatives (Excluded from Pro Forma Results)
The QUALCOMM Strategic Initiatives (QSI) segment includes our strategic investments and related income and expenses from non-core businesses including the Vesper Companies. QSI revenues were $49 million in the third quarter of fiscal 2002, primarily related to the consolidation of the Vesper Companies. QSI losses before taxes for the third quarter of fiscal 2002 were $285 million compared to $119 million in the second quarter of fiscal 2002, an increase of $166 million primarily due to the $167 million charge to record the difference between cost plus accrued interest and market value of Leap Wireless stock and bonds. Financial Accounting Standard (FAS) 133 losses, principally related to Leap Wireless warrants which have been marked to market through the earnings statement on a continuing basis, decreased by $22 million compared to the second quarter of fiscal 2002. Vesper operations improved in the third quarter of fiscal 2002 with an $11 million decrease in our share of losses. The decrease in QSI losses for Vesper and FAS 133 were offset by expanded Inquam operations to introduce CDMA2000 1X service in Europe ($3 million); suspension of recognizing interest income on Leap Wireless bonds ($8 million); increased expenses ($5 million), primarily for our support of the Pegaso sale to Telefonica; and increased unrealized and realized losses in other assets ($18 million), including the write-off of our Wingcast assets.
The financial markets for telecommunications investments, in general, have been very unfavorable for some time, but particularly in the most recent fiscal quarter. As a consequence, losses from investments recorded in the quarter are significant. We are working with the companies in which we have invested to achieve the objectives we established at the time of making the investments. In many cases, recovery from the current valuations may take considerable periods of time or may not occur at all, but we remain optimistic about the business models and strategies being executed by Leap Wireless and Vesper, which have given rise to the most significant losses in the current quarter. The cash invested and unfunded commitments balance for QSI is updated quarterly (see QUALCOMM Strategic Initiatives (QSI) Key Investments Schedule or www.qualcomm.com on the Investor Relations page under "Segment Reporting").
Business Outlook
The following statements are forward-looking and actual results may differ materially. Please see below for a description of certain risk factors and QUALCOMM's quarterly reports on file with the Securities and Exchange Commission (SEC) for a more complete description of risks. We will disseminate our quarterly business outlook, based on current expectations, in conjunction with our quarterly earnings release and conference call. We will not provide further material guidance on analysts' financial models beyond the information provided in our quarterly earnings release and conference call.
Outlook information is presented on a pro forma basis and excludes the QSI segment.
Fourth Quarter Fiscal 2002
Based on the current business outlook, we expect fourth fiscal quarter pro forma revenues to increase by approximately 10-13 percent compared to the third quarter of fiscal 2002. We expect fourth fiscal quarter pro forma earnings per share to be approximately $0.26-$0.27. This estimate assumes shipments of approximately 18-19 million MSM phone chips during the quarter, including approximately 15 million 3G CDMA2000 1X MSM phone chips.
Fiscal 2002
Based on the current business outlook, we expect pro forma revenue growth for fiscal 2002 to be approximately 7-8 percent and pro forma earnings per share to be approximately $0.93-$0.94.
Cash Flow
QUALCOMM's cash, cash equivalents and marketable securities, excluding QSI, totaled approximately $2.6 billion at the end of the third quarter of fiscal 2002. The following table presents selected cash flow information, including cash equivalents and marketable securities, for the third quarter and first nine months of fiscal 2002 (in millions):
<edit>
http://biz.yahoo.com/bw/020725/250373_1.html
15:08 ET JP Morgan Chase outlook changed to negative by Moody's (JPM) 22.00 -1.30: -- Update -- Moody's changes the outlook for all of the long-term debt ratings of JPM to negative from stable, reflecting the agency's concern about asset quality within JPM's wholesale banking portfolio.
14:35 ET C/JPM come under pressure on SEC probes : Both Citigroup (C -2%) and JP Morgan Chase (JPM -2.5%) come under intraday sell pressure in reaction to report of Enron-related probe by SEC. Of course, talk of an SEC probe into the companies' Enron dealings have been in the market since the beginning of the month.
12:14 ET Qualcomm: 3G delays, Taiwan Semi pressure shares-- Lehman (QCOM) 25.75 -3.36: -- Update -- Lehman believes that delays in W-CDMA rollouts (Telefonica delayed this morning) are likely to reduce medium-term opportunities for W-CDMA royalties and chipset sales and may weigh on QCOM shares; believes QCOM may also be seeing some incremental pressure following somewhat uninspiring results from TSM this morning; firm expects QCOM tonight to deliver in-line numbers with mgmt likely to support a sequential uptick in Sept and Dec chipset expectations, although the sector remains challenging near-term.
Hi Hawk,
I think Zeev favors some up, with perhaps some weakness mid-day.
FWIW - from an SI bear who is pretty consistent..........
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17788814
NDX closed @ 951.58
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17788905
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17788959
Ö¿Ö
16:45 ET AOL Time Warner says SEC is conducting "fact-finding" inquiry (AOL) 11.40 -0.15: -- Update
Zeev,
You watching GNSS in here? Any thoughts?
Tim Ö¿Ö
Thanks Matt!
Ö¿Ö
Zeev,
IMO, one of the reasons we are seeing such extremes is that folks, particularly J6P is still buying every dip. It actually was so bad when you & a couple of other brighter traders called a turn that I actually faded you all & stayed short. The folks on this thread & elsewhere were going long, covering their shorts & starting to go long, etc.
I'll admit I was a very nervous short when I found myself pointed in the opposite direction of you, AllansAlias, & other notable traders. However, it just seemed that every dip was still being bought. After that sudden ramp to NAZ 1426 even more folks were thinking NAZ 1540 - 1700 range.
Luckily, I was right for a change <g>.
FWIW, I did cover my shorts late last Thursday & started going long as the relentless selling seemed to be over done. I traded my longs for a few shekels until yesterday & kept increasing my exposure............
OOF
Now, I'm looking at a lot of red too.
I know the market can continue to go down even in these deeply oversold conditions. I do feel less nervous being pointed in the same direction as you FWIW. Right now I'd gladly take a manufactured short squeeze for a day or three <gg>.
Tim Ö¿Ö
Hi jp,
I agree. His thread is bookmarked. Same for Susan G & the ***Trend Setters and Range Riders*** thread.
Ö¿Ö
Couldn't agree more Pinhi......... 'cept I don't have the popup problem. Voltage will be back. Zeev rules!
If you get a chance check out the Clown Free Zone-E-Wave Workspace........ AllansAlias, Shack & a few other E-Wavers can be pretty consistent with the trends too.
Take care & trade prosperously :-o
Ö¿Ö
I just can't pull the trigger on it again until we get at least one more good dump........ I would rather miss some upside than buy & then have it make a new low.
Everything is looking sooooo oversold...... still think there is one more new low.
Geeze..... ramping QLGC again & KLAC too...... I took some nice profits on them today & look at 'em go again!
BWTHDIK?
OOF Ö¿Ö
Hi Pinhi! I've been here from the start. I just have been so busy trading that I've been more of a lurker than contributor...... I can't actively trade, read & post like our resident guru Zeev :-o
How have you been old Porcher pal?
Ö¿Ö
Zeev,
What are your thoughts on QLGC today? I've traded it a few times, but I think it could lead to the upside soon.
TIA
Tim Ö¿Ö
North American Semiconductor Equipment Industry Posts June 2002 Book-to-Bill Ratio of 1.28
SAN JOSE, Calif., July 19, 2002 -- The North American-based manufacturers of semiconductor equipment posted $1.16 billion in orders in June 2002 (three-month average basis) and a book-to-bill ratio of 1.28, according to the June 2002 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 1.28 means that $128 worth of new orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in June 2002 was $1.16 billion. The bookings figure is five percent above the revised May 2002 level of $1.11 billion and 59 percent above the $731 million in orders posted in June 2001.
The three-month average of worldwide billings in June 2002 was $906 million. The billings figure is four percent above the revised May 2002 level of $869.6 million and 33 percent below the June 2001 billings level of $1.36 billion.
"Amidst mixed signals about capital spending plans from global chip makers, the North American-based semiconductor equipment industry has posted several months of incremental billings growth," said Stanley Myers, president and CEO of SEMI. "While there are concerns about the strength of improvements this year, seven months of sequential bookings growth and our recent industry consensus survey support expectations for a market rebound in 2003 and 2004."
The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average billings for the North American semiconductor equipment industry. Billings and bookings figures are in millions of U.S. dollars.
http://www.semi.org/web/wpress.nsf/33fa5c225257afa5882565e3006d9c77/1359dcc76c2b3b4688256bfb0078692d...
Hey DlphcOracl,
Wanna buy some of my inventory?
OOF Ö¿Ö
please thank Steve Clawson for me.............
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17760286
yer welcome Ö¿Ö
18:14 ET Microsoft (MSFT) 51.11 -0.89: -- Update -- Despite guiding slightly lower, the stock is barely reacting. A slight move down was probably already priced in and it's only a slight downward guidance... stock at 50.70.
18:08 ET Microsoft (MSFT) 51.11 -0.89: -- Update -- On call, company expects Q1 (Sep) revenue and EPS of $7.0-$7.1 bln and $0.42-$0.43 vs Multex consensus of $7.1 bln and $0.42, respectively... stock at 50.60.
18:06 ET Microsoft (MSFT) 51.11 -0.89: -- Update -- On call, company expects fiscal 2003 (Jun 03) revenue and EPS of $31.4-32.0 bln and $1.85-$1.91 vs Multex consensus of $32.0 bln and $1.93, respectively... stock at 50.73.
18:05 ET Microsoft guiding down full year revenue and EPS slightly (MSFT) 51.11 -0.89: -- Update -- Details to follow... stock at 50.80.
17:46 ET QLogic (QLGC) 41.23 -1.57: On call, company says it sees Q3 revenues rising from Q2 levels by between 3%-8%... Puts sales between $104-108.9 mln v. consensus estimate of 100.35 mln... Expects EPS in Q3 of between $0.23-$0.27... Street was looking for gain of $0.24... Growth will continue to come from Fibre Channel sales, which posted double-digit sequential growth in Q2... Notes that continue to gain market share in key markets.
17:51 ET UTStarcom guides higher (UTSI) 20.67 -0.15: Company guides higher; sees Q3 earnings in the range of $0.27-$0.28 per share vs the $0.27 Multex consensus; sees full year earnings in the range of $0.99-$1.01 per share vs the consensus of $0.97 per share.
QLGC above $43 AH...... CC going well IMO.
Ö¿Ö
QLGC just raised guidance......... listening to their CC.
Ö¿Ö