Hi William: Lattice should report their earnings around October 15, 1996. Perhaps somebody on this thread can confirm with the company the exact reporting week or day and post accordingly. I heard about Xlynx and hope it is company specific. Here is the Reuters news on Xlynx.
* After the market closed, XILINX INC said it expects net income and
revenue for the 2Q ending September 28 to be below the levels posted
in the 1Q. In a statement, the company said it expects revenues to
be about 12 to 13% below the first quarter level of $150.2 million.
The company said net income before the write-off is expected to be
$22 to $24 million, or about $0.30 a share, versus a profit of $32.5
million, or $0.41 a share, in the first quarter. According to First
Call, analysts expected the company to report a profit for the 2Q of
fiscal 1997 of $0.38 a share.(Reuters 05:42 PM ET 09/30/96) For the
full text story, see
merc.com
. ALTERA also reported the following:
* ALTERA said it cut list prices up to 50% on its line of high-density
FLEX 10K family of programmable logic devices. The FLEX 10K is the
highest density family of programmable logic available with devices
up to 100,000 gates, Altera said. (Reuters 01:25 PM ET 09/30/96) For
the full text story, see
merc.com
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We really do not need any pre-announcements by Lattice. If we hear nothing then earnings should be quite good. I have to believe that Lattice may finally be taking orders form both Xlnyx and ALTERA. Did you listen to the **FLASH** RealAudio posting I made. It was very interesting and from the report it appears that Lattice is getting very agressive in their new product market penetration. Why would ALTERA now be lowering proces if they did not feel the heat from Lattice? I think the Xlynx announcement is a company specific problem and perhaps also due to more competition in the market. I sure hope that Lattice is gaining market share per their business plan.
EKS
P.S. Notice that Xlynx even after their sell off and announcement is still selling at 22X earnings. Lattice is only at 15X earnings. At an equivalent PE Lattice should be priced at $44! |
