From Briefing.com: 4:10PM Marvell beats by 2 cents (MRVL) 18.98 -0.32: -- Update -- Reports Q2 EPS of $0.11, $0.02 better than the Multex consensus; revs were $119.7 mln, vs consensus of $109.8 mln. "We are experiencing strength across both our data storage and data communications businesses," stated President and CEO Dr. Sehat Sutardja.
4:06PM Novell beats by 2 cents, issues guidance (NOVL) 2.09 -0.09: -- Update -- Reports Q3 EPS of $0.04, $0.02 better than the Multex consensus; revs were $282.3 mln, vs consensus of $275.0 mln. Co expects Q4 rev to be about $292 mln, and says that due to the additional costs associated with the SilverStream acquisition, pro forma Q4 EPS could be down slightly from Q3 (consensus is for $290 mln and $0.03).
2:56PM ATI Tech design wins demonstrate co is gaining momentum - CSFB (ATYT) 7.21 -0.19: CSFB says that today's ATYT announcements of design wins in AAPL's PowerMac and HPQ's Compaq Presario 8000 series indicate that the co is clearly gaining momentum, particularly in the more lucrative high-end graphics market segment; also, ATYT's wins represent share gains against NVDA, as the latter was the incumbent in both of these designs.
2:15PM HAND +16% and PALM +21% are latest penny stocks to find a bid :
2:12PM CREE continues to deteriorate on UBS downgrade; breaks to fresh low despite market lifting 15.20 -1.71:
1:21PM RF Micro Device denies losing business, reaffirms Q2 forecast (RFMD) 8.42 -0.28: -- Update -- Reuters is reporting that RFMD denied it is losing business to one or more competitors or seeing further order delays from its largest customer, NOK; RFMD's CFO also reaffirmed the co's Q2 forecast of $0.01-$0.02 in EPS and sequential rev growth of 5-10%.
Marvell Technology (00C0 21.39 +2.41), a semiconductor company, is getting a nice boost after posting a Q2 pro forma profit of $0.11 per share, $0.02 better than the Multex consensus, and indicating it is experiencing strength across both its data storage and data communications businesses; related stocks include STM, TXN, BRCM, INTC, NSM, and AGR.A... Novell (NOVL 2.52 +0.43), a provider of Net business solutions, is also up strongly in extended hours after surpassing top- and bottom-line consensus estimates for fiscal Q3 (Jul). NOVL expects Q4 revenue to be about $292 mln (consensus $290 mln), and acknowledged pro forma EPS for Q4 (Oct) could be down slightly from Q3 due to additional costs associated with its SilverStream acquisition (consensus $0.03). Separately, NOVL said it expects to achieve overall yr/yr growth in 2003 due to the progress it is making and the benefit of an improving IT market... For more detail on these, and other developments,
1:46PM Broadcom (BRCM) 20.40 -0.44: Analysts remain positive on stock and co's current product momentum; Bank of America is encouraged by BRCM's acquisition of ServerWorks on their view it will provide a launch pad for several new technologies in workstation, storage, communications and systems mgmt mkts. Firm believes Sept qtr is on track; notes stock is not overly cheap at these levels but names stock as a favorite for investors wanting comm IC exposure; reiterates their Buy rating and $26 price target.
1:36PM Prudential on Electronics : Following meetings with management teams of Sanmina (SANM 4.26 +0.10), Solectron (SLR 3.71 +0.10), and Flextronics (FLEX 10.27 +0.73), firm concludes cos' Aug/Sept qrtr results are tracking in-line with expectations and demand trends are stabilizing. Firm continues to recommend purchase of FLEX and SLR; expects FLEX to benefit from seasonal ramp of their business as Y02 concludes; believes SLR is making good progress on improving operational performance and strengthening balance sheet; suggests to remain on sidelines on SANM awaiting more progress. Firm maintains Outperform rating on industry.
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Happy to hear about the gains in ATMI!
RtS |
