<<earnings plays>>> LATD (for the thread), all did well except INTC, LWIN did well last week. so both thread picks did well.. when I rehash today's trading again I see an error, INTC did NOT show earnings anticipation today.. just compare to ETEK, LATD. Now if you say neither did TERN, or LLTC. They both showed in the last few days and moreover, I would not have bought LLTC and TERN today. Again I got swept up in the 'moment'. did not follow my own rules. a) forget the high profile stock b) don't buy a stock that shows no anticipation day before earnings. I had a premonition however, and did not dare go into the stock itself.
techstocks.com
actual estim lst yr revenue
Alpha Ind AHAA 0.26 0.25 0.26 41.0%
E-Tek Dynamics ETEK 0.17 a 0.14 0.09 83.3%
Intel Corp INTC 0.55 a 0.57 0.45 8.9%
Latitude Comms LATD 0.06 a 0.03 0.01 55.4%
Linear Tech LLTC 0.36 0.35 0.28 27.2%
QLogic Corp QLGC 0.35 0.31 0.14 a 71.5%
Silicon Storage SSTI 0.02 0.01 -0.32 93.9%
Terayon Comm TERN -0.08 a -0.22 -0.44 a 71.5%
Whirlpool Corp WHR 1.40 a 1.34 1.02 a 7.1%
(a) Excluding non-recurring items.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 12, 1999--Terayon Communication Systems, Inc. (Nasdaq:TERN - news), a leading supplier of broadband access systems, today reported its results for the third quarter and for the nine-month period ended September 30, 1999.
Terayon reported revenues of $23.4 million for the third quarter of 1999 compared to $9.4 million for the same period of last year. The net loss for the third quarter of 1999 was $1.7 million, or $0.08 per share, excluding third quarter non-cash charges of approximately $700,000 for the effects of the amortization of intangible assets and $11.0 million for charges related to in-process research and development related to the Imedia acquisition and $11.2 million for the cost of two warrants to purchase common stock. Including the charges related to amortization of intangibles, in-process research and development and the cost of the two warrants, the net loss for the third quarter of 1999 was $24.6 million or $1.18 per share. The net loss for the same period in 1998, was $6.5 million or $0.63 per share ($0.44 on a pro forma basis). Terayon's results for the third quarter and nine-month period ended September 30, 1999, include the results of Imedia Corporation from September 16, 1999, the closing date of the Imedia acquisition.
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Latitude Communications Reports Third Quarter 1999 Financial Results
Latitude Announces Eighth Consecutive Quarter of Record Earnings on Revenue Growth of 57% Over Prior Year
SANTA CLARA, Calif., Oct. 12 /PRNewswire/ -- Latitude Communications, Inc. (Nasdaq: LATD - news), a leading provider of real-time collaboration solutions, today reported its financial results for the third quarter ended September 30, 1999. Revenue for the third quarter increased 57 percent to $8.7 million from $5.6 million in the third quarter of the prior year. This also represents a sequential increase of 13 percent from $7.7 million in the second quarter of 1999.
Net income for the third quarter was $1.1 million, or $0.05 per share diluted, which represents an increase in net income of over 360 percent as compared with third quarter net income in the prior year of $236,000, or $0.01 per share diluted. Excluding amortization of deferred stock compensation, net income for the third quarter was $1.3 million, or $0.06 per share diluted, representing growth of approximately 320 percent over the $302,000 of net income, or $0.02 per share diluted, on a similarly reported basis for the third quarter of 1998.
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QLogic Corporation Reports Record Second Quarter Results
COSTA MESA, Calif.--(BUSINESS WIRE)--Oct. 12, 1999--QLogic Corporation (Nasdaq:QLGC - news), a leader in the I/O industry, announced today that revenues for its second fiscal quarter ended September 26, 1999 rose 72% to a record $47.5 million, compared to the $27.7 million reported for the same quarter a year ago. Second quarter net income grew 155% to $13.4 million, or a record $0.35 per share on a diluted basis, compared to the $5.2 million, or $0.14 per share on a diluted basis, recorded a year ago. All per share data has been adjusted to reflect the Company's 2-for-1 stock splits effective in February 1999 and August 1999.
For the first six months of fiscal 2000 ended September 26, 1999, revenues expanded 75% to $90.7 million, compared to the $51.8 million reported for the same period a year ago. Net income for the first six months of fiscal 2000 rose 149% to $24.9 million, or $0.65 per share on a diluted basis, compared to the $10.0 million, or $0.27 per share on a diluted basis, recorded for the same period a year ago.
During the second quarter, each of QLogic's Fibre Channel, SCSI and IDE I/O product |
