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Technology Stocks : Earnings: Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (180)	10/19/2002 12:43:56 PM
From: SusieQ1065	Read Replies (2) \| Respond to of 266

CREE ($12-$15)...PE=0...beats by 1 cent..rev's rose.. Archive Headline 17-Oct-02 16:06 ET Cree beats by a penny (CREE) 13.10 +1.24: Reports Q1 (Sep) earnings of $0.05 per share, $0.01 better than the Multex consensus of $0.04; revenues rose 13.1% year/year to $48.8 mln vs the $45.2 mln consensus. CEO says company is targeting LED sales to be above record levels set in Sep qtr. 18-Oct-02 12:00 -- 13:00 ET Cree (CREE) 15.00 +1.90: Stock pops 14.5% following report of upside Q1 earnings, as well as saying it is targeting LED sales to be above record levels set in Sept quarter. Stock also getting support from a Morgan Keegan upgrade to OUTPERFORM from Mkt Perform, and Buy rating reiterations from both Prudential and Needham & Co. On a neutral note, UBS Warburg reiterated Hold rating and price target of $12, saying near-term outlook is strong, with Cree 75% booked for next quarter and capacity constrained; however, concern lies with 2003, when industry wide capacity addition come on line and handset seasonality kicks in. Reuters Company News Cree quarterly profits fall even as sales jump Thursday October 17, 4:14 pm ET DURHAM, N.C., Oct 17 (Reuters) - Cree Inc. (NasdaqNM:CREE - News) reported on Thursday a decline in earnings for its first fiscal quarter even as the maker of semiconductors saw overall sales jump on increased demand for its LED display products. ADVERTISEMENT In the first quarter ended Sept. 29, Cree said it earned $3.88 million, or 5 cents a share, compared to a year-ago profit of $6.46 million, or 9 cents a share. Revenue rose 13 percent to $48.8 million from $43.2 million in the same quarter last year. Cree, whose devices are used to light up traffic lights, cell phones, billboards and other products, had forecast in June a first-quarter profit of 4 cents a share on revenue of $45 million. The company said shipments of its LED products increased by more than 50 percent sequentially to record levels during the quarter, while average sales prices increased slightly over the fourth quarter of fiscal 2002. Email this story - Set a News Alert

To: 2MAR$ who wrote (180)	1/7/2003 7:24:28 PM
From: Ron	Respond to of 266

RF Micro Sees March Quarter Stronger Than Expected URL: investor.cnet.com By Ben Klayman CHICAGO (Reuters) - RF Micro Devices Inc., which makes semiconductors for wireless devices, said on Tuesday it expects results in its March quarter to exceed Wall Street expectations because of increased market share and industry growth. Still, shares of the Greensboro, North Carolina-based company fell more than 4 percent. Analysts said the decline may be due to Credit Suisse First Boston's Monday downgrade of the wireless chip sector on fears of "unsustainable over-ordering" by customers. "Given today's backlogs, the March quarter is set to be slightly higher than current consensus numbers," RF Micro Chief Financial Officer Dean Priddy told a Needham & Co. conference in New York. "Either we're taking huge chunks of market share or the market is growing or both," Priddy said. "We think it's both." Analysts on average were expecting RF Micro to earn 3 cents a share before one-time items on sales of $124.54 million in the fourth quarter ending in March, according to data tracking firm Multex. U.S. Bancorp Piper Jaffray analyst Samuel May said RF Micro's outlook did not surprise him. "(Priddy) is clearly saying he has good visibility," said May, who rates the stock at "outperform." May does not own RF Micro stock, and U.S. Bancorp does not do banking work for the company. PICKING UP BUSINESS In a Monday research note, C.E. Unterberg, Towbin analyst Kalpesh Kapadia raised his sales and earnings estimates for the December and March quarters. RF Micro has been picking up business with its largest customer, Finland's Nokia, which accounts for about half its sales, he said. Kapadia also said RF Micro was diversifying by increasing its sales to another large customer, Motorola Inc., as well as to others such as South Korea's Samsung Electronics Co. Ltd.. He raised his rating on RF Micro to "buy" from "market perform" and set an $11 share-price target. The company's stock was down 37 cents at $8.20 in late morning Nasdaq trade. Kapadia does not own RF Micro stock. Nor does C.E. Unterberg, Towbin does not have banking business with the chipmaker. Priddy also said there would be no negative surprises for the third quarter, which ended in December. RF Micro previously said results were tracking to the high end of its outlook for earnings of 4 cents to 5 cents a share before one-time items on sales of $128 million to $132 million. Analysts expect a profit of 5 cents a share on sales of $131.2 million, Multex said. RF Micro plans to report its third-quarter results on Jan. 21.