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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (4520)	10/19/2006 4:29:25 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 5205

Just because they're reporting doesn't mean there should be a call to unbridaled optimism. Let's see how Mr. Market reacts to these. ------------------------------------------------ SAN FRANCISCO, Oct 19 (Reuters) - SanDisk Corp. (SNDK.O: Quote, Profile, Research), a maker of flash memory for digital gadgets including cell phones and cameras, on Thursday said quarterly profit declined as expenses rose. Net income in the third quarter fell to $103.3 million, or 51 cents per share, from $107.5 million, or 55 cents per share, a year earlier. Revenue advanced to $751.4 million from $589.6 million. Excluding certain items, earnings per share were 61 cents, SanDisk said. Analysts, on average, had expected earnings per share before certain items of 57 cents and revenue of $730.4 million, according to Reuters Estimates. Operating expenses increased to $167.7 million from $98.2 million. ------------------------------------------------ Cree profit tumbles 39% as expenses offset slight rise LOS ANGELES (MarketWatch) -- Cree Inc. (CREE : cree inc com CREE22.09, -0.41, -1.8%) , which makes light-emitting diodes, late Thursday said its quarterly profit dropped 39% as expenses climbed to more than offset a slight increase in sales. Cree said its fiscal first-quarter profit fell to $13.3 million, or 17 cents a share, from $21.7 million, or 28 cents a share, a year earlier. Revenue for the period, ended Sept. 24, advanced 1% to $103.9 million from $102.9 million in last year's comparable quarter. Cree's profit nudged out analysts' estimates and its revenue was roughly in line with expectations. Wall Street analysts, on average, expected the Durham, N.C., company to report a profit of 16 cents a share on revenue of $104 million, according to Thomson First Call.