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: Kirk © who wrote (48706)	7/28/2010 12:32:02 AM
From: Return to Sender	1 Recommendation Respond to of 95648

From Briefing.com: 4:15 pm : The stock chopped its way to a flat finish after struggling to find direction during the first half of the session. Yet despite a sense of uncertainty among stocks, neither Treasuries nor precious metals found favor. Stocks put together a strong start on the back of better-than-expected earnings from diversified financial services outfit UBS (UBS 16.50, +1.35) and an increase in income at Deutsche Bank (DB 68.06, +1.88). News that the Basel Committee on Banking Supervision will allow less strict capital and liquidity requirements for banks added to the positive backdrop surrounding financials in the early going. Dow component DuPont (DD 40.38, +1.39) added to the positive tone by turning in an upside earnings surprise. Meanwhile, embattled energy giant BP (BP 38.00, -0.65) reported a steep second quarter loss that was the result of expenses related to the oil spill in the Gulf. The oil outfit also announced plans to sell some $30 billion in assets during the next 18 months and confirmed that CEO Tony Hayward will be replaced by Robert Dudley in October. Not all reports were strong. An earnings miss by U.S. Steel (X 45.76, -3.13) sent its shares to their worst loss in more than a month. The slide was exacerbated by profit taking, given that the stock had climbed more than 30% from its July low to the prior session's close. Peer AK Steel (AKS 14.49, -0.71) actually exceeded expectations for the quarter, but that couldn't keep profit takers away. Retailers traded with outsized losses for almost the entire session. The group dropped 1.9%. Though there is no empirical evidence linking spending with consumer confidence, some suggested that the Conference Board's latest Consumer Confidence Index played a part in the weakness of the retail space. The Consumer Confidence Index for July came in at 50.4, which is down from the upwardly revised 54.3 that had been recorded for the prior month and slightly below the 61.0 that had been widely expected. The broader market actually made a solid bounce shortly after the release of the report, but they were quick to give up that gain. Stocks then struggled to find their direction for the rest of the session. The choppy, sideways slog that characterized afternoon trade came after stocks cleared their 200-day moving average in the prior session and settled at one-month highs. What's more, with stocks up more than 9% since their July low some wonder if the market is overbought in the near-term. Such a prospect seemed to boost utilities stocks, which outperformed with a 1.6% gain. The sector remains in focus tomorrow with the release of earnings from Dominion (D 43.27, +0.67) and Southern Co. (SO 36.73, +0.65). However, Treasuries, traditional safe havens, were weak for the entire session. Results from a $38 billion auction of 2-year Notes didn't do anything to lift demand. The auction attracted a bid-to-cover of 3.3, an indirect bidder participation rate of 33%, and dollar demand of $126.5 billion, each of which was down from the prior auction. Precious metals had to grapple with stiff selling. In the process the price of gold dropped to its lowest level since May and settled with a 1.9% loss at $1158 per ounce. Silver prices settled 3.0% lower at $17.63 per ounce. Advancing Sectors: Utilities (+1.6%), Consumer Staples (+0.4%), Telecom (+0.4%), Financials (+0.1%), Tech (+0.1%) Declining Sectors: Consumer Discretionary (-1.2%), Industrials (-0.8%), Materials (-0.6%), Energy (-0.4%) Unchanged: Health Care DJ30 +12.26 NASDAQ -8.18 NQ100 -0.1% R2K -0.5% SP400 -0.7% SP500 -1.17 NASDAQ Adv/Vol/Dec 1104/2.07 bln/1493 NYSE Adv/Vol/Dec 1332/1.11 bln/1686 4:30PM Juniper Networks to acquire SMobile for $70 mln in cash (JNPR) 28.08 -0.77 : 4:16PM Integrated Silicon beats by $0.07, beats on revs, Q4 revs in-line (ISSI) 9.54 -0.15 : Co reports Q3 EPS of $0.57, $0.07 better than the $0.50 Thomson Reuters consensus; revs rose 25% year/year to $71.2 mln vs $68.44 mln Thomson Reuters consensus. The co currently expects its revenue for the September quarter to be between $74-80 mln, vs $74.30 mln Thomson Reuters consensus, and its gross margin to be between 34-37%. 4:15PM Silicon Image beats by $0.06, beats on revs; guides Q3 revs above consensus (SIMG) 3.36 -0.11 : Reports Q2 (Jun) earnings of $0.03 per share, $0.06 better than the Thomson Reuters consensus of ($0.03); revenues rose 30.0% year/year to $44.6 mln vs the $38 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $48-50 mln vs. $43.45 mln Thomson Reuters consensus. 4:04PM RF Micro Device beats by $0.01, beats on revs; guides Q2 in line with Q1 (RFMD) 4.30 -0.05 : Reports Q1 (Jun) earnings of $0.16 per share, $0.01 better than the Thomson Reuters consensus of $0.15; revenues rose 28.8% year/year to $273.8 mln vs the $263.9 mln consensus. Co issues in-line guidance for Q2, sees Q2 results in line with Q1; $0.16 in Q1 vs $0.16 Q2 consensus; Q1 revs were $273.8 mln vs $274.65 mln Q2 consensus. RFMD currently expects revenue growth to accelerate in fiscal 2012 as major programs at new and existing customers ramp into volume production. 4:01PM Qualcomm and ECOtality (ECTY) to enable electric vehicle charging stations with cellular connectivity (QCOM) 39.22 -0.02 : Co and ECOtality Incorporated (ECTY) have entered into an agreement to implement cellular connectivity into charging stations. The solution will allow ECOtality to use a commercial cellular network to manage its Blink brand charging station operations, transfer usage data, download firmware updates and publish availability to electric vehicle drivers in real time.

To: Kirk © who wrote (48706)	7/28/2010 8:52:41 AM
From: robert b furman	1 Recommendation Respond to of 95648

Hi Kirk, On the road buying cars. As such - the minute I try to be nimble and fine tune clx - my stocks will break out and fly past me. Bob

To: Kirk © who wrote (48706)	7/28/2010 4:46:30 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (2) \| Respond to of 95648

Kirk, LRCX delivered an outstanding quarter results today, but here is another article that is definitely not a "bull" on LRCX. <<Citi Maintains a 'Sell' on Lam Research (LRCX); Great Company, Raising PT on Higher Ests But Fail to See the 'Buy' Thesis July 28, 2010 11:14 AM EDT Citi maintains a 'Sell' rating on Lam Research Corp (LRCX), raises PT from $32 to $36. Citi analyst says, "We continue to see shipments peaking in CQ3 and starting to fade as chip factory utilization moderates – albeit slightly for now – in CQ4. Owing to the higher CQ3 shipment base, however, we are raising our F2011 rev/EPS ests to $2,505MM/$3.58 from $2,200MM/$2.75, but we are still notably below Street $2,703/$3.85... On the back of what has been solid execution in the clean business, we now see normalized EPS of $2.25 versus our prior $2.00. Using the same 13x multiple and adding back ~$7 cash we arrive at $36 target which continues to justify our Sell. Further, while this should be a solid Q and execution is strong, shipment guidance of flat to +10% shouldn’t necessarily knock anybody’s socks off esp at this price.">> streetinsider.com