Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bill F. who wrote (74248)	1/22/2000 2:22:00 AM
From: Skeeter Bug	Respond to of 132070

hey, you're that guy that does financial analysis, huh? how passé... al g's a ho, al g's a ho... just go wit da mo mo... to the tune of "i'm a ho" by whodini... ;-)

To: Bill F. who wrote (74248)	1/22/2000 2:29:00 AM
From: Skeeter Bug	Respond to of 132070

a little financial commentary... see bottom of "report" earnings estimates go from 91 cents to 96 cents (6%) yet the stock price "target" goes from $45 to $65 (45%). say what? only in a bubble... >>Salomon Smith Barney January 19, 2000 SUMMARY: * Xilinx reported EPS of $0.20. Excluding better minority interest income, EPS were in-line with Street consensus and our $0.19 estimate. * Sales of $264.3 million rose 10.7% sequentially and 54% from a year ago, slightly better than our 10% sequential estimate. * Xilinx reported solid results for the December quarter. Although the company acknowledged some inventory issues at selected customer accounts, overall results were in-line with expectations. Order trends and design win activity provide a very upbeat outlook for calendar 2000. Xilinx management maintained sales guidance for the March 2000 quarter and raised expectations for fiscal 2001. * Bookings increased; raising estimates. Backlog and bookings rose in the quarter, and 'turns' business (i.e., orders that were received and shipped within the quarter) accounted for 50% of sales. The company expects a similar 'turns' hurdle for the March quarter, which is respectably toward the low end of the historical 50-60% range (i.e., low turns denotes better visibility). Management accordingly maintained its sequential growth guidance of 7% for March, which was what most analysts had modeled and slightly better than our earlier 6% assumption. As a result, we are raising our March quarter EPS estimate slightly from $0.20 to $0.21, and fiscal 2000 (March-ending) from $0.71 to $0.72. Management also indicated that sales growth in the 35-40% range was likely for fiscal 2001, significantly better than our earlier assumption of 30%. We believe this optimism is warranted given the strength of the PLD market and Xilinx's leadership position. As a result, we are raising our fiscal 2001 EPS estimate from $0.91 to $0.96. Our calendar 2000 EPS estimate is increased from $0.87 to $0.91, and calendar 2001 from $1.05 to $1.12. * Based on stronger revenue assumptions, we are raising our EPS estimate for fiscal 2001 from $0.91 to $0.96. We are boosting our price target from $45 to $65. <<