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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (142696)	6/9/2006 1:41:28 AM
From: Elroy	Respond to of 152472

National Semiconductor had decent numbers as well, but perhaps weak guidance. Forecasts were for $567 million in May and they did $573 million. Next Q was supposed to be $567 million as well, and it looks like they are guiding to $559 million, but they say it is due to businesses which were sold. Book to bill above 1, things seem OK in semi land (other than share prices). National's fourth quarter bookings were slightly higher compared to the third quarter. Bookings also exceeded billings in the fourth quarter of fiscal 2006. biz.yahoo.com National Semiconductor Posts 23% Year-to-Year Revenue Growth, 61.4% Gross Margin and Earnings of 34 Cents Per Share for Fourth Quarter of Fiscal Year 2006 Thursday June 8, 4:00 pm ET - Q4 FY06 revenues reached $572.6 million, up 4.5% from Q3 revenues of $547.7 million - Gross margin was 61.4%, up from 60.7% in Q3 and 54.7% in Q4 of FY2005 - GAAP net income was $118.8 million, compared to $130.1 million in Q3 and $130.2 million in Q4 FY05 - Net income includes a one-time tax charge of approximately $25 million associated with repatriation of accumulated foreign earnings, under the American Jobs Creation Act of 2004. This charge reduced EPS by 7 cents - Q1 FY07 revenue projected to be seasonally down 2 to 3%

To: slacker711 who wrote (142696)	6/9/2006 1:08:29 PM
From: slacker711	Read Replies (2) \| Respond to of 152472

I guess expectations for the second half were higher than I thought.... biz.yahoo.com TI Dinged on Skeptical Analyst Notes Friday June 9, 12:29 pm ET Texas Instruments Shares Drop After Analysts Question 2nd-Quarter Upside NEW YORK (AP) -- Shares of Texas Instruments Inc. took a dip in afternoon trading on Friday after a couple analysts dismissed the company's expected earnings upside as insubstantial. The Dallas-based company said Thursday it expects second-quarter earnings to come in ahead of previous projections -- at 46 cents to 48 cents per share, up from a previous forecast of 38 cents to 43 cents per share -- but analysts were reluctant to celebrate. Baird analyst Tristan Gerra, who has an "Outperform" rating on the stock, called the company's mid-quarter update uninspiring, and said that excluding one-time items, guidance was only up "marginally." "We found the tone of this conference call more muted than in recent quarters," Gerra noted. Still, he expects the company to benefit from 3G, or third-generation business over the next one to two years. Citigroup analyst Glen Yeung was even more bearish. He cut his price target on the stock to $36 from $41, and lowered his 2007 earnings estimates to account for slowing sales of mobile phone handsets. Yeung now expects the company to report earnings of $1.72 per share in 2007, down from his previous estimate of $1.82 per share. Analysts polled by Thomson Financial expect the company to report earnings, on average, of $1.89 per share. Texas Instruments shares, which have traded between $26.70 and $36.40 in the past year, fell 92 cents, or about 3 percent, to $29.80 on the New York Stock Exchange.