* XRTX $26~$30~$32 beats by $0.03, ex-items; guides Q2 above consensus (XRTX) 26.11 : Reports Q1 (Feb) earnings of $0.28 per share, excluding non-recurring items, $0.03 better than the Reuters Estimates consensus of $0.25; revenues rose 33.7% year/year to $190.5 mln vs the $173.3 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.83-0.93, ex-items vs. $0.56 consensus; sees Q2 revs of $268-283 mln vs. $218.43 mln consensus.
Xyratex Conference Call Summary (XRTX) 26.11 -0.20: Says demand in the media sector remains strong; expects that this demand will continue into 2007; view the Maxtor acquisition by Seagate as a positive; states they are working closely with both companies... co states they are seeing accelerated demand in the current quarter; notes STX, KOMG, MXO are all poised for further growth... Co says not giving guidance for full year at this time; does not see strength in Q1 and Q2 as a 'pull forward' that will deplete 2H06... Co says STX/MXO acquisition is creating opportunities in the market; co is not ex[pecting significant pricing action in media that would cause huge movements; says enterprise drive pricing is very stable... Says if there would be more aggressive pricing would not see it materially effecting the drive... co says they there are a number of factor driving demand and capacity; does not see this as a one quarter deal... says guidance and forecast that they are seeing from their customers are probably on the conservative side... Relationship with KOMG is strengthening 'significantly'... RACK, GTW and other nStore customers: co has been seeing a good dialogue in terms of relationships... co says 2H06 is not capacity constrained at all... call has ended... stock is trading at $31.10, +3.99 in after hours.
Market Data 
Markets 
AI
