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Technology Stocks : Verigy, Ltd. (VRGY)

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To: etchmeister who wrote (7)8/8/2007 12:12:20 PM
From: Kirk © of 22
 
Verigy Expects 3Q Results Within Outlook

I added on this sell-off... perhaps at a price for a PE of 10!

Wednesday August 8, 11:00 am ET
Verigy Expects 3rd Quarter Results Within Previously Issued Guidance Range
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CUPERTINO, Calif. (AP) -- Verigy Ltd. said Wednesday that the semiconductor test company expects to report third-quarter results within range of its past forecasts.
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Verigy shares jumped $1.09, or 5.2 percent, to $22.03 in morning trading. The stock has traded between $14.37 and $30.25 during the past 52 weeks.
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According to preliminary financial results, Verigy expects third-quarter earnings of 43 cents to 48 cents per share. After excluding charges related to the company's spin-off from Agilent Technologies last year, Verigy continues to expect earnings to total 45 cents to 50 cents per share.

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Third-quarter revenues are expected in the range of $201 million to $203 million. Previously, the company predicted revenue in the range of $195 million to $205 million.
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Analysts surveyed by Thomson Financial, who typically exclude extraordinary items, forecast quarterly earnings of 48 cents per share on revenue of $200.7 million.
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Verigy will release its complete results on Aug. 22.
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