ALL the after hours briefing.com news -->
Finisar Corp (FNSR) 15.05 -0.66: -- Update -- On call, says that the tea leaves it is reading today suggest that order rates won't be picking up as quickly as they had hoped... forecasts fiscal Q1 sales of $42-$47 mln and a loss of $0.01 per share... The Multex consensus revenue estimate is $52.63 mln and the First Call consensus EPS estimate is $0.01... FNSR +0.15
Visual Networks (VNWK) 6.70 +0.75: -- Update -- Company announces it will cap its development of Visual Trinity with the final release of the product this summer. VNWK also announced it sees Q3 revenue at $20 to $22 mln (consensus is $20.1 mln) and Q4 revs of $22-24 mln (consensus is $22.6 mln); see press release.
Novellus (NVLS) 47.90 +1.40: -- Update -- On call, mgmt concedes that all regions are down, but company has achieved some surprise wins thus far in Q2. A surprise because they beat out some competitors.....during Q&A, company said that Asia is seeing signs of slowing. Visibility is still unclear....For Q2, company still expects $220 mln in bookings and $250 mln in shipments.....Stock at 48.80.
After Hours Action : Last trade and change from mkt close: ALTR 24.01 +0.01...XLNX 41.26 +0.01...FCEL 76.50 +2.53...NVLS 48.80 +0.90...F 22.30 -1.05.
Novellus (NVLS) 47.90 +1.40: -- Update -- On conference call, mgmt saying that a competitor recently said it expects a Q3 upturn, but Novellus "does not see it right now. We hope they are correct." ....Mgmt concedes that Europe is also being affected by weakness, "would expect tailing off in Europe."
Novellus (NVLS) 47.90 +1.40: -- Update -- Questions keep aiming at how much June needs to be to meet full Q2 numbers, but mgmt not being specific. Briefing.com gets the sense that there is modest pessimism mgmt is relying too much on a strong June. Stock at 48.82.
Novellus (NVLS) 47.90 +1.40: -- Update -- On call, company still expects $1 bln in bookings for the year, but "we may have to come back and revise that." ...During Q1 call, mgmt said it expected cancellations were over, but mgmt concedes $15 mln in cancellations in Q2....seeng some push-outs of 300mm fab...stock at 48.30.
Flextronics (FLEX) 25.23 +1.18: Briefing.com is hearing that FLEX, on its mid-qtr conference call, does not provide new guidance, says environment to remain weak through the summer, and that September will offer the first look at visibility.
Novellus (NVLS) 47.90 +1.40: -- Update -- On conference call, company reaffirms Q2 revenue guidance given during Q1 earnings call. Mgmt expects $379 mln in revenue and EPS of $0.40 vs First Call of $0.39....stock at 49.09.
Novellus (NVLS) 47.90 +1.40: -- Update -- On call, company reaffirming numbers for Q2...details to follow.
FuelCell Energy (FCEL) 73.96 +2.14: -- Update -- Company sets 2-for-1 stock split.
Altera (ALTR) 24 +0.75: -- Update -- Company says the ratio of incoming orders to resales has improved somewhat in the past several weeks, the overall ratio remains below 1.0. Despite the reduced revenue outlook, inventories at Altera and its distributors will decline in the quarter. ALTR 23.34 -0.66, XLNX 40.85 -0.40 after hours.
Altera (ALTR) 24 +0.75: Company warns; sees Q2 revenues down 25% sequentially versus earlier guidance of a 20% decline. North American results were in line with expectations, but declines in the company's international channels are greater than anticipated; see press release.
Sento (SNTO) 2.30 -0.10: Company revises outlook for Q1; sees revenues of $6.1 to $6.4 mln and expects the continuing operations to be profitable. No estimates available. Company is discontinuing the operations of its Training Division, effective immediately; see press release.
Ixia (XXIA) 13.50 -1.38: Company warns for Q2; sees revenues will be in the range of $14.5 to $15.5 mln (vs consensus of $23.1 mln) and EPS of $0.02 to $0.03 vs the consensus estimate of $0.10. XXIA cites the continued slowdown in the telecommunications market; see press release.
FuelCell Energy (FCEL) 73.96 +2.14: Reports Q2 loss of $0.32 a share, $0.04 better than the First Call consensus of ($0.36); revenues rose 31.5% to $6.49 mln from a year-ago of $4.94 mln; see press release.
Finisar Corp (FNSR) 15.05 -0.66: Company reports Q4 EPS of $0.00, in line with the consensus mean estimate. Revenues of $52.2 mln were up 153% from Q4 2000 and down 19% sequentially; see press release.
Micrel (MCRL) 30.90 +1.59: Announces it has completed its acquisition of Kendin Communications; see press release.
Ibis Tech (IBIS) 12.64 -0.62: Announces it has implemented a series of cost-reduction measures including reducing headcount by approximately 14 percent, cutting pay for senior executives, and lowering non-essential discretionary spending; see press release.
Starbucks (SBUX) 19.46 -0.63: Company reports May same store sales increase of 3%. Revenues rose 20% to $204 mln for the period; see press release. |
