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.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (35448)	7/23/2007 8:24:34 PM
From: Return to Sender	Respond to of 95608

From Briefing.com: 4:36PM Texas Instruments reports in line, guides Q3 EPS, revs in line (TXN) 38.18 +0.18 : Reports Q2 (Jun) earnings of $0.42 per share, in line with the Reuters Estimates consensus of $0.42; revenues rose 7.2% year/year to $3.42 bln vs the $3.45 bln consensus. TXN reports gross margins of 52.1% vs ~51.6% street expectation. Co issues in-line guidance for Q3, sees EPS of $0.46-0.52 vs. $0.49 consensus; sees Q3 revs of $3.49-3.79 bln vs. $3.71 bln consensus. CEO comments, "With TI's broad product portfolio, spanning both analog and digital signal processing technologies, we are in a unique position to support customers working on hundreds of electronics applications across the globe. We also see potential to expand our margins, and we recently raised our profitability goals to 55 percent gross margin and 30 percent operating margin. We expect to meet these goals within the next few years." 4:37PM Volterra Semi misses by $0.02; announces stock repurchase (VLTR) 13.58 +0.61 : Reports Q2 (Jun) loss of $0.07 per share, excluding non-recurring items and stock based compensation that analysts are excluding, $0.02 worse than the Reuters Estimates consensus of ($0.05); revenues rose 5.1% year/year to $18.5 mln vs the $19 mln consensus. Co also announced that its Board of Directors has approved the repurchase of up to an aggregate of $15 mln of its common stock. 4:22PM Altera beats by 3 cents; announces buyback (ALTR) 24.92 +0.19 : Reports Q2 (Jun) earnings of $0.22 per share, $0.03 better than the Reuters Estimates consensus of $0.19; revenues fell 4.3% year/year to $319.7 mln vs the $313.2 mln consensus. Co issues in-line guidance for Q3, sees Q3 (Sep) revs flat to up 3% sequentially (roughly $320-329 mln) vs. $322.60 mln consensus. Co is currently negotiating a financing commitment letter to provide a long-term credit facility of up to $750 mln. If finalized, the co's current intention is to draw $500 mln from this facility and use the proceeds to repurchase its common stock. The co would then intend to repurchase up to $1.5 bln of its common stock from the beginning of 2007 through the first half of 2008, up $500 mln from the previous $1 bln repurchase plan. "... Following a two quarter industry correction, we are very pleased to see the resumption of sequential growth in the second quarter..." 4:20 pm : With the major indices tumbling 1.2% on average Friday and posting their first weekly decline in a month, it wasn't overly surprising to see the market's underlying bullish sentiment view such a sizable sell-off as overdone and warrant a reflexive bounce. However, stocks closed well off their session highs as key leadership weakened into the finish as investors grew less convinced about an uninspiring earnings picture that has shown nothing to change our neutral market view. Further proof that deal making remains prevalent was the primary catalyst renewing enthusiasm for equities. Typical Monday-morning M&A activity was led by a proposed $53 bln merger of equals between Transocean (RIG 115.99 +6.02) and GlobalSantaFe (GSF 78.33 +3.59). The potential blockbuster deal between RIG-GSF strengthened takeover premiums throughout Energy (+0.6%) enough to help offset a 1.2% drop in oil prices and earmark Oil & Gas Drillers as the day's best performer (+4.1%). Another deal included United Rentals (URI 32.98 0.61), which agreed to be taken private for $6.6 bln (including debt) and reports that Nokia Siemens Networks is eyeing a $7.0 bln takeover of Tellabs (TLAB 12.20 +0.35). The latter news, coupled with an intraday 2.1% rally in Texas Instruments (TXN 38.16 +0.15) ahead of its earnings report after the bell, initially gave the influential Tech sector some noticeable support. Some uncertainty about the sector's increasingly optimistic growth prospects, though, was further reflected in TXN selling off into the close and pushing the PHLX Semiconductor Sector Index to its lows of the day. Of the nine sectors trading higher, Telecom paced the way as investors priced in expectations of a strong Q2 report from AT&T (T 40.03 +0.97) tomorrow morning. AT&T's 2.5% surge, though, was dwarfed by an 8% in fellow Dow component Merck (MRK 52.43 +3.41), which topped analysts' expectations and boosted its full-year profit outlook At its highs of the day (+8.8%), Merck accounted for 35 of the Dow's 122-point intraday performance. Nonetheless, the absence of leadership in the S&P 500's most heavily-weighted sector prevented solid sector gains from the likes of Health Care (+1.0%), Staples (+0.9%), and Industrials (+0.8%) from playing a more influential role in today's recovery. Market breadth eventually turning negative amid sellers last-ditch efforts also offered little conviction on the part of buyers believing Friday's drubbing was overextended. DJ30 +92.34 NASDAQ +2.98 SP500 +7.47 NASDAQ Dec/Adv/Vol 1623/1382/2.07 bln NYSE Dec/Adv/Vol 1677/1587/1.39 bln 9:00AM Marvell: Nasdaq determines Marvell regains complete compliance with listing requirements (MRVL) 19.64 : Co announces that the Nasdaq Stock Market has determined that the co is now in complete compliance with all Nasdaq rules, including Rule 4310(c)(14)(which requires a Nasdaq-listed company to timely file periodic reports with the Securities and Exchange Commission), and that the matter of delisting is now closed. This determination was based on the recent filing of the company's Form 10-K for the fiscal year ended January 27, 2007 and its Forms 10-Q for the periods ended April 29, 2006, July 29, 2006, October 28, 2006, and April 28, 2007. Marvell's securities will continue to be listed on the Nasdaq Global Select Market. 7:07AM DSP Group beats by a penny, ex items (DSPG) 20.01 : Reports Q2 (Jun) earnings of $0.25 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.24; revenues fell 13.7% year/year to $52.4 mln vs the $52.3 mln consensus.