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

To: SusieQ1065 who wrote (184)	10/29/2002 8:50:58 PM
From: 2MAR$	Respond to of 266

MXIM ($28.50-$30-?) PE=40... meets goals for first quarter Chipmaker declares quarterly dividend of 2 cents a share By Chris Kraeuter, CBS.MarketWatch.com Last Update: 7:04 PM ET Oct. 29, 2002 SUNNYVALE, Calif. (CBS.MW) -- Maxim Integrated Products met Wall Street's expectations for the fiscal first quarter, but said orders declined in all geographic regions and across most product lines. Free! Sign up here to receive Thom Calandra’s StockWatch e-newsletter! INFORMATION FOR MXIM: Create an alert for MXIM Add MXIM to my portfolio More cool charts on MXIM Discuss MXIM NEWS FOR MXIM Maxim, Activision set earnings tone late Maxim meets goals for first quarter Masco, Micromuse, Sanmina-SCI, and more More news for MXIM Quote & News Charts Financials Analysts Options SEC Filings TRACK THESE TOPICS My Portfolio Alerts Company: Maxim Integrated Products Inc Add Create Edit My Portfolio \| Edit Alerts During the current quarter, Maxim said its revenue should be flat while earnings and orders should increase slightly, on a sequential basis. Maxim (MXIM: news, chart, profile) shares rose 2.8 percent to $30.25 on Island ECN after ending the regular session down 3.5 percent at $29.43. "Although design-in activities at our customers remain vigorous, customers do not yet have improved visibility of the demand for their products and thus continue to place orders for the near term," said Chief Executive Jack Gifford in a statement. Orders placed during the first six months of this year were due more to anticipated growth than actual demand, said Gifford, according to the statement. Maxim declared a quarterly dividend - its first -- of 2 cents a share for shareholders of record on Nov. 8 to be paid on Nov. 29. "The company is fortunate that its earnings and strong cash position permit the payment of a dividend without impairing our cash reserves or continued growth," Gifford said. For the quarter ended in September, Maxim reported net income of $73.2 million, or 22 cents a share, on revenue of $285.9 million. During the same quarter last year, Maxim earned $61.3 million, or 17 cents a share, on revenue of $239.4 million. Analysts surveyed by Thomson First Call expected earnings of 22 cents a share on revenue of $287 million, on average. Gross margin increased to 69.5 percent from 68.1 percent during the previous quarter while operating margin rose to 36.9 percent from 34.5 percent. Orders fell 11 percent to $270 million from $310 million previously and orders placed during the quarter for delivery during the quarter, called turns orders, fell 8 percent. Maxim did not provide specific financial targets for its second quarter during a conference call but CEO Gifford said, "Revenue would be about equal to last quarter's revenue and earnings would be slightly above last quarter." Bookings are expected to increase. Analysts had expected second quarter earnings of 23 cents a share on revenue of $299 million. "We don't like to disappoint people," Gifford said. Operating margin is expected to improve during the current quarter due to cost cuts.

To: SusieQ1065 who wrote (184)	5/10/2003 4:07:47 AM
From: 2MAR$	Respond to of 266

NVIDIA rallies post-earnings (NVDA) 16.06: Short-sellers are being blown out of the stock this morning after NVDA responds favorably to last night's upside EPS surprise. Initial reaction to the report was negative, as NVDA's revs came in light. However, as we noted yesterday in the Thomas Weisel preview of the qtr, firm predicted that top-line could miss due to production delay/yield issues at foundry Taiwan Semi. With the rev shortfall somewhat expected, investors/traders are taking the stock higher this morning. The advance is coming despite very little in the way of positive comments by analysts this morning. The general view this morning on Wall Street seems to be that the quarter was okay, but stock is still above fair value. Of course, most of the firms expressing valuation concerns have been negative on the name for some time, and maintained this negative stance as NVDA has blown through their low-teens price targets. With a short-interest of 12.5% of the float, NVDA has caught many investors leaning the wrong way into its qtr. Stock has accelerated gains in pre-market as the positions have been covered. Stock now showing a gain of 16% in pre-market.