From Briefing.com: Close Dow +25.67 at 9865.75, S&P -0.22 at 1133.06, Nasdaq +6.22 at 1943.91: A strong start for the market averages with pre-open upgrades or estimate increases (TXN, NOK, RFMD, AHAA, NVDA) helping to underpin the tech dominated Nasdaq.
5:14PM Chartered Semi beats estimates, guides lower (CHRT) 26.46 +0.06: -- Update -- Reports Q4 earnings of ($0.92) per ADS, $0.03 better than consensus; revs came in at $76.1 mln, vs consensus of $76.56 mln. Co expects Q1 earnings of ($0.98)-($1.00) per ADS on flat to up mid-single digit revs, vs consensus of EPS of ($0.90) on revs of $80.41 mln.
4:53PM Texas Instruments capex guidance (TXN) 29.00 +1.55: -- Update -- Announces that FY02 capex will be $800 mln, compared with $1.8 bln in FY01; to put this in context, Salomon Smith Barney had estimated $1.2 bln in capex for FY02, so it appears that TXN's number is a bit lower than what the Street had expected. According to TXN: "The decline follows significant capital expenditures in 2000 and the first quarter of 2001 to install the initial production line of TI's new DMOS6 300-millimeter fabrication facility in Dallas and to upgrade three analog fabrication facilities to 200-millimeter wafers."
4:39PM Texas Instruments guides higher (TXN) 29.00 +1.55: -- Update-- The co expects Q1 EPS to be "about breakeven" and revs to be sequentially flat with Q4, which is higher than the consensus of ($0.06) and $1.69 bln.
4:35PM Texas Instruments beats estimates (TXN) 29.00 +1.55: -- Update -- Reports Q4 pro forma EPS of ($0.06), $0.03 better than consensus; revs came in at $1.79 bln vs consensus of $1.67 bln.
4:22PM Three-Five Sys tops Q4 estimates, but warns for Q1 (TFS) 14.03 -0.16: Reports Q4 (Dec) loss of $0.12 per share, $0.05 better than the Multex consensus of ($0.17); revenues fell 12.2% year/year to $31.9 mln vs the $29.3 mln consensus; warns for Q1; sees net loss in the range of $0.20-$0.25 per share versus the current consensus estimate for a net loss of $0.14 per share; sees revenues in the range of $20-$22 mln versus thecurrent consensus estimate of $30.2 mln.
4:18PM Semitool beats in Q1, but warns for Q2 (SMTL) 9.50 -0.22: Reports Q1 (Dec) loss of $0.18 per share, $0.05 better than the Multex consensus of ($0.23); revenues fell 63.5% year/year to $23.8 mln vs the $21.5 mln consensus. Company warns for Q2; sees revenues of $19.8-23.8 mln and a loss of $0.13-0.19 vs Multex consensus estimates of $27.0 mln and ($0.14).
4:15PM Rudolph Tech exceeds on bottom-line (RTEC) 33.00 -1.22: Reports Q4 earnings of $0.04 per share, $0.03 better than consensus, vs yr-ago EPS of $0.36. Rev fell to $10.7 mln, compared to $11.33 mln consensus. For Q1, co sees EPS of $0.00-$0.03 on rev growth of 5%-10% (EPS consensus for the qtr is $0.03).
4:10PM Micrel beats estimates; will restate prior numbers (MCRL) 25.25 +0.21: Company reports Q4 net loss of $0.01 per share, $0.01 better than the consensus estimate; reports Q4 revenues of $47.0 mln versus the consensus estimate of $47.1 mln; company will restate its previously issued quarterly 2001, and annual 1998, 1999 and 2000 financial statements because it has determined that the company's past method of setting the exercise price on certain employee stock options results in non-cash, stock compensation.
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