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veejer999

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veejer999

Re: zab post# 637146

Monday, 11/16/2009 1:01:02 PM

Monday, November 16, 2009 1:01:02 PM

Post# of 704019
zab re:NLST watch SMOD still under $5 :

Smart Modular raises first-qtr outlook

Wed Nov 11, 2009 8:31am EST

* Ups Q1 adj EPS view to $0.06-$0.08
* Sees Q1 sales of $110-$120 mln vs est of $103 mln

Nov 11 (Reuters) - Chipmaker Smart Modular Technologies Inc (SMOD.O) raised its first-quarter outlook primarily driven by growth in end user demand, particularly in the PC and enterprise markets.

The company now expects adjusted earnings of 6 cents to 8 cents a share, up from prior expectations of 2 cents to 4 cents a share.

It also lifted its revenue view to $110 million to $120 million compared with previous expectations of $98 million to $105 million.

Analysts on an average were expecting earnings of 1 cent a share, excluding items, on revenue of $103 million, according to Thomson

http://www.reuters.com/article/marketsNews/idCNBNG51686020091111?rpc=44
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