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

To: brokenst0nes who wrote (53935)	9/27/2011 5:20:41 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95546

SMSC misses by $0.01, reports revs in-line; guides Q3 EPS below consensus, revs below consensus 4:09 PM ET 9/27/11 \| Briefing.com Reports Q2 (Aug) earnings of $0.36 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.37; revenues rose 8.2% year/year to $112.6 mln vs the $112.4 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.30-0.37, excluding non-recurring items, vs. $0.45 Capital IQ Consensus Estimate; sees Q3 revs of $105-110 mln vs. $117.23 mln Capital IQ Consensus Estimate. "Despite a very challenging macro environment, SMSC delivered record revenue in the second quarter of fiscal 2012...We expect modest sequential growth in consumer and automotive sales while PC and industrial sales are anticipated to decline. For the second half of fiscal 2012, while computing and consumer demand is expected to be challenged, we anticipate continued growth in our automotive and wireless audio product sales."