Maybe you didn't read thisPosted by: sungolfer
In reply to: None Date:1/24/2008 6:35:26 PM
Post #of 17904
UP 12000 on mrvl today,If you people follow briefing.com news you would have noticed the last two weeks the effort by mrvl and support by others for the stock.The bottom was coming ,thats when i bought at more shares on friday at 10.54. What next tuesday new COF,today upgrade.This all tells me the company is working with the street now and the street is working with mrvl.As far as brcm not going down as expected guess what briefing sends out everything prior to the close.It's proactive as can be. 24-Jan-08 15:40 ET In Play Broadcom Earnings Preview (22.40 +1.22) -Update : Broadcom is set to report Q4 earnings after the close tonight with a conference call following at 4:45 ET. Current consensus is for EPS of $0.32 on revs of $1.02 bln... Analyst Expectations: Expectations appear to be mixed and cautious for Q4, with concern over slowing consumer demand exiting 2007 in US and Europe. Additionally, analysts comment that expenses for handsets could continue to weigh on profitability. In terms of guidance, analysts seem to agree that the company will issue a conservative, seasonally weak 1Q08 outlook... Recent Earnings History: Q3 (10/23): BRCM missed by $0.02, but beat on revs. On the call, the company guided product revenues to $960-$990 mln. The stock fell sharply the following day, gapping down at the open, and closer lower by nearly 17%; Q2 (7/19): BRCM missed by $0.02 and missed on revenues. The stock traded up marginally the next day; Q1 (4/16): BRCM beat by $0.02 and beat on revenues. The company issued downside revenue guidance for Q2. The stock traded down by more than 4% the next day... Key Metric for Q4: Gross Margin street expectation is 52.4%... Areas of Focus on the Call: 1) Revenue and Margin Guidance: Historically, the company issues revenue guidance for the upcoming qtr. Additionally, the company should provide sequential gross margin guidance in general terms, i.e., up or down. On BRCM's Q3 call, the company said they expect Y08 gross margins in the "middle band of 50 to 52"; 2) Nokia EDGE Wins: UBS noted that EDGE wins may be ramping slower than they had anticipated, which would be a negative for 2H08 growth rates; 3) Consumer Demand/Macro: 1H08 is the seasonally slower period, but due to weakness in US consumer spending, guidance should be muted; 4) Litigation: The ongoing lawsuits with Qualcomm (QCOM) will likely be a topic on the call. Recently, BRCM scored a win against QCOM when a judge issued an injunction against QCOM's infringement on 3 BRCM patents related to its cell phone IC business... Consensus: Q4 EPS $0.32, revs $1.02 bln; 1Q08 EPS $0.29, revs $998.17 mln, 2Q08 EPS $0.31, revs $1.05 bln, FY08 EPS $1.15, revs $3.77 bln; FY08 EPS $1.35, revs $4.38 bln... Secondary Plays: QCOM, TXN, IFX, NOK, MOT... Technical Levels of Interest: Click here for BRCM chart. (Length of the horizontal lines corresponds with the strength of the level.) (PVIEW)
post back on january/24
