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To: Donald Wennerstrom who wrote (55384)2/2/2012 6:08:16 PM
From: Donald Wennerstrom
2 Recommendations   of 64032
 
Novellus beats by $0.26, beats on revs

4:16 PM ET 2/2/12 | Briefing.com


Reports Q4 (Dec) earnings of $0.73 per share, $0.26 better than the Capital IQ Consensus Estimate of $0.47.

Revenues fell 26.5% year/year to $282.7 mln vs the $277.24 mln consensus.

Bookings in the fourth quarter of 2011 were $286.9 million, up $60.0 million or 26.4 percent from third quarter 2011 bookings of $226.9 million.

Fourth quarter shipments of $276.5 million were down $25.1 million or 8.3 percent from $301.6 million in the third quarter of 2011.

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To: Donald Wennerstrom who wrote (55385)2/2/2012 6:13:25 PM
From: Donald Wennerstrom
1 Recommendation   of 64032
 
Cymer beats by $0.20, beats on revs; guides Q1 revs below consensus

4:28 PM ET 2/2/12 | Briefing.com

Reports Q4 (Dec) earnings of $0.40 per share, $0.20 better than the Capital IQ Consensus Estimate of $0.20.

Revenues rose 4.1% year/year to $152.9 mln vs the $127.89 mln consensus.

Co issues downside guidance for Q1, sees Q1 revs of appros $138 mln vs. $148.09 mln Capital IQ Consensus Estimate. The co also expects Installed Base Products revenue to remain at or above the prior quarter level led by installed base growth, increased ArF pulses and light source product enhancements. They anticipate shipping a similar number of DUV ArF Immersion light sources, as compared to last quarter, but a lower number of KrF.

The co anticipates recognizing revenue on fourth 3100 EUV source and third TCZ system. The firm will continue to invest in EUV development resources, manufacturing capacity, and field support.

They view 2012 as a pivotal year for advancing power and performance for 3100 fielded sources and 3300 source demand."

For Q1 the co also expects gross margin to be approx 48 to 49%, R&D expenses to be approximately $39 to $41 mln, SG&A expenses to be approximately $16.5 million and the effective tax rate to be approximately 32%.

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From: Gottfried2/2/2012 6:53:22 PM
1 Recommendation   of 64032
 
bpNDX stays 79%

Jan20 Jan23 Jan24 Jan25 Jan26 Jan27 Jan30 Jan31 Feb01 Feb02

AAPL AAPL AAPL
AAPL ADBE ADBE ADBE AAPL AAPL
AAPL AAPL ADBE AAPL ADP ADP ADP ADBE ADBE
AAPL ADBE ADBE ADP ADBE ADSK ADSK ADSK ADP ADP
ADBE ADP ADP ADSK ADP AKAM AKAM AKAM ADSK ADSK
ADP ADSK ADSK AKAM ADSK ALTR ALTR ALTR AKAM AKAM
ADSK AKAM AKAM ALTR AKAM ALXN ALXN ALXN ALTR ALTR
AKAM ALTR ALTR ALXN ALTR AMGN AMGN AMGN ALXN ALXN
ALTR ALXN ALXN AMGN ALXN AMZN AMZN AMZN AMGN AMGN
ALXN AMGN AMGN AMZN AMGN APOL APOL APOL APOL APOL
AMGN AMZN AMZN APOL AMZN ATVI ATVI ATVI ATVI ATVI
AMZN APOL APOL ATVI APOL BIDU BIDU BIDU BIDU BIDU
APOL ATVI ATVI BIDU ATVI BIIB BIIB BIIB BIIB BIIB
ATVI BIDU BIDU BIIB BIDU CA CA CA CA CA
BIDU BIIB BIIB CA BIIB CELG CELG CELG CELG CELG
BIIB CA CA CELG CA CERN CERN CERN CERN CERN
CA CELG CELG CERN CELG CHKP CHKP CHKP CHKP CHKP
CELG CERN CERN CHKP CERN CHRW CHRW CHRW CMCSA CMCSA
CERN CHRW CHRW CHRW CHKP CMCSA CMCSA CMCSA CSCO CSCO
CHRW CMCSA CMCSA CMCSA CHRW CSCO CSCO CSCO CTRP CTRP
CMCSA CSCO CSCO CSCO CMCSA CTRP CTRP CTRP CTSH CTSH
CSCO CTRP CTRP CTRP CSCO CTSH CTSH CTSH DELL DELL
CTSH CTSH CTSH CTSH CTRP DELL DELL DELL DLTR DLTR
CTXS CTXS CTXS CTXS CTSH DLTR DLTR DLTR EBAY EBAY
DELL DELL DELL DELL DELL EBAY EBAY EBAY ESRX ESRX
DLTR DLTR DLTR DLTR DLTR ESRX ESRX ESRX EXPD EXPD
EBAY EBAY EBAY EBAY EBAY EXPD EXPD EXPD EXPE EXPE
ESRX ESRX ESRX ESRX ESRX EXPE EXPE EXPE FAST FAST
EXPD EXPD EXPD EXPD EXPD FAST FAST FAST FFIV FFIV
EXPE EXPE EXPE EXPE EXPE FFIV FFIV FFIV FISV FISV
FAST FAST FAST FAST FAST FISV FISV FISV FLEX FLEX
FFIV FFIV FFIV FFIV FFIV FLEX FLEX FLEX FOSL FOSL
FISV FISV FISV FISV FISV FOSL FOSL FOSL FSLR FSLR
FLEX FLEX FLEX FLEX FLEX FSLR FSLR FSLR GILD GILD
FOSL FOSL FOSL FOSL FOSL GILD GILD GILD GMCR GMCR
GILD GILD GILD GILD GILD GMCR GMCR GMCR GOLD GOLD
GMCR GMCR GMCR GMCR GMCR GOLD GOLD GOLD GRMN GRMN
GOLD GOLD GOLD GOLD GOLD GRMN GRMN GRMN HSIC HSIC
GRMN GRMN GRMN GRMN GRMN HSIC HSIC HSIC INFY INFY
HSIC HSIC HSIC HSIC HSIC INFY INFY INFY INTC INTC
INFY INFY INFY INFY INFY INTC INTC INTC INTU INTU
INTC INTC INTC INTC INTC INTU INTU INTU ISRG ISRG
INTU INTU INTU INTU INTU ISRG ISRG ISRG KLAC KLAC
KLAC KLAC KLAC KLAC KLAC KLAC KLAC KLAC LIFE LIFE
LIFE LIFE LIFE LIFE LIFE LIFE LIFE LIFE LINTA LINTA
LINTA LINTA LINTA LINTA LINTA LINTA LINTA LINTA LLTC LLTC
LLTC LLTC LLTC LLTC LLTC LLTC LLTC LLTC LRCX LRCX
MAT MAT MAT MAT LRCX LRCX LRCX LRCX MAT MAT
MCHP MCHP MCHP MCHP MAT MAT MAT MAT MCHP MCHP
MNST MNST MNST MNST MCHP MCHP MCHP MCHP MNST MNST
MRVL MRVL MRVL MRVL MNST MNST MNST MNST MRVL MRVL
MSFT MSFT MSFT MSFT MRVL MRVL MRVL MRVL MSFT MSFT
MU MU MU MU MSFT MSFT MSFT MSFT MU MU
MYL MYL MYL MYL MU MU MU MU MYL MYL
NFLX NFLX NFLX NFLX MYL MYL MYL MYL NFLX NFLX
NUAN NUAN NUAN NUAN NFLX NFLX NFLX NFLX NTAP NTAP
NVDA NVDA NVDA NVDA NUAN NUAN NUAN NUAN NUAN NUAN
NWSA NWSA NWSA NWSA NVDA NVDA NVDA NVDA NVDA NVDA
ORLY ORLY ORLY ORLY NWSA NWSA NWSA NWSA NWSA NWSA
PAYX PAYX PAYX PAYX ORLY ORLY ORLY ORLY ORLY ORLY
PCAR PCAR PCAR PCAR PAYX PAYX PAYX PAYX PAYX PAYX
PCLN PCLN PCLN PCLN PCAR PCAR PCAR PCAR PCAR PCAR
QCOM QCOM QCOM QCOM PCLN PCLN PCLN PCLN PCLN PCLN
ROST ROST ROST ROST QCOM QCOM QCOM QCOM QCOM QCOM
SBUX SBUX SBUX SBUX ROST ROST ROST ROST ROST ROST
SHLD SHLD SHLD SHLD SBUX SBUX SBUX SBUX SBUX SBUX
SIAL SIAL SIAL SIAL SHLD SHLD SHLD SHLD SHLD SHLD
SNDK SNDK SNDK SNDK SIAL SIAL SIAL SIAL SIAL SIAL
SPLS SPLS SPLS SPLS SPLS SPLS SPLS SPLS SPLS SPLS
SRCL SRCL SRCL SRCL SRCL SRCL SRCL SRCL SRCL SRCL
STX STX STX STX STX STX STX STX STX STX
TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA
VOD VOD VOD VOD VOD VOD VOD VOD VOD VOD
VRSN VRSN VRSN VRSN VRSN VRSN VRSN VRSN VRSN VRSN
WCRX WCRX WCRX WCRX WCRX WCRX WCRX WCRX WCRX WCRX
WFM WFM WFM WFM WFM WFM WFM WFM WFM WFM
WYNN WYNN WYNN WYNN WYNN WYNN WYNN WYNN WYNN WYNN
XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX
XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY
YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO

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To: Gottfried who wrote (55387)2/2/2012 6:58:28 PM
From: Gottfried
3 Recommendations   of 64032
 
13 new 52 week NDX highs
		
02/02/2012
Open High Low Close Volume
ALXN 77.35 78.51 76.81 77.78 917242
AMGN 69.69 70 69.26 69.62 5379526
BIIB 121.15 123.23 120.53 121.26 1512113
CA 26.2 26.61 26.03 26.3 4372131
DELL 17.65 17.88 17.54 17.6 29290896
EXPE 32.92 33.23 32.8 33.02 2175215
GILD 49.12 49.63 48.37 49.31 8562366
GRMN 42.63 43.53 42.38 43.53 1474517
INTU 57.88 58.45 57.69 57.86 1060262
ISRG 464 488.84 463.5 483 1072639
MSFT 29.9 30.17 29.71 29.95 52194664
QCOM 61.03 61.95 60.6 60.73 34829272
STX 25.46 26.312 25.19 25.745 26350102

NO new 52 week NDX low

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To: Gottfried who wrote (55388)2/2/2012 11:08:44 PM
From: Return to Sender
1 Recommendation   of 64032
 
From Briefing.com: 4:30 pm : 4:16PM Novellus beats by $0.26, beats on revs (NVLS) 49.34 : Reports Q4 (Dec) earnings of $0.73 per share, $0.26 better than the Capital IQ Consensus Estimate of $0.47; revenues fell 26.5% year/year to $282.7 mln vs the $277.24 mln consensus. Bookings in the fourth quarter of 2011 were $286.9 million, up $60.0 million or 26.4 percent from third quarter 2011 bookings of $226.9 million. Fourth quarter shipments of $276.5 million were down $25.1 million or 8.3 percent from $301.6 million in the third quarter of 2011.

4:28PM Cymer beats by $0.20, beats on revs; guides Q1 revs below consensus (CYMI) 50.92 +0.01 : Reports Q4 (Dec) earnings of $0.40 per share, $0.20 better than the Capital IQ Consensus Estimate of $0.20; revenues rose 4.1% year/year to $152.9 mln vs the $127.89 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of appros $138 mln vs. $148.09 mln Capital IQ Consensus Estimate. The co also expects Installed Base Products revenue to remain at or above the prior quarter level led by installed base growth, increased ArF pulses and light source product enhancements. They anticipate shipping a similar number of DUV ArF Immersion light sources, as compared to last quarter, but a lower number of KrF. The co anticipates recognizing revenue on fourth 3100 EUV source and third TCZ system. The firm will continue to invest in EUV development resources, manufacturing capacity, and field support. They view 2012 as a pivotal year for advancing power and performance for 3100 fielded sources and 3300 source demand." For Q1 the co also expects gross margin to be approx 48 to 49%, R&D expenses to be approximately $39 to $41 mln, SG&A expenses to be approximately $16.5 million and the effective tax rate to be approximately 32%.

4:17PM Microchip beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs in-line (MCHP) 37.69 +0.13 : Reports Q3 (Dec) earnings of $0.42 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.41; revenues fell 10.5% year/year to $329.2 mln vs the $328.72 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.43-0.47, excluding non-recurring items, vs. $0.44 Capital IQ Consensus Estimate; sees Q4 revs of $332.4-345.6 mln vs. $337.85 mln Capital IQ Consensus Estimate.

4:07PM Power Integrations beats by $0.02, beats on revs; guides Q1 revs in-line (POWI) 37.06 +0.28 : Reports Q4 (Dec) earnings of $0.29 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.27; revenues fell 8.6% year/year to $66.7 mln vs the $66.03 mln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $64-70 mln vs. $67.48 mln Capital IQ Consensus Estimate. Gross margins are expected to be flat to 50 basis points higher compared with the fourth quarter;

4:05PM Ixia beats by $0.01, beats on revs (XXIA) : Reports Q4 (Dec) earnings of $0.18 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.17; revenues rose 7.6% year/year to $83.7 mln vs the $82.55 mln consensus. "Accelerated demand for our 10G and high-speed Ethernet solutions drove growth in the quarter along with higher than expected sales of LTE and Wi-Fi testing solutions. We saw especially strong demand from equipment manufacturers and from customers in North America..."

Stocks had a choppy, range bound session that concluded with mixed results for the major averages. The action precedes the highly anticipated payrolls report.

The major averages mustered varied gains in the early going, but they failed to sustain the move. That resulted in a downward drift, but only the Nasdaq was able to stay out of the red. The Nasdaq was also the only major average to settle with a solid gain. The Nasdaq's relative strength was partly owed to strong performances by the likes of Amazon.com (AMZN 181.72, +2.26), which rebounded from its prior session slide, and Qualcomm (QCOM 60.73, +1.17), which complemented a better-than-expected earnings report with strong guidance.

Although not a Nasdaq constituent, tech-related global payments company MasterCard (MA 381.57, +23.95) was a top performer today. The stock rallied on the back of an upside earnings surprise. Collectively, tech stocks scored a gain of just 0.3% today.

Social network outfit Facebook was in focus following the company's filing for an initial public offering. Most reports suggest the company could be valued up to $100 billion, which would more than quadruple the $23 billion valuation that Google (GOOG 585.11, +4.28) garnered in its IPO.

A handful of retailers had strong results, even though only half of the 20 retailers covered today by Briefing.com analysts posted same-store sales that exceeded expectations. Gap (GPS 21.52, +2.07), Target (TGT 52.00, +0.58), and Costco (COST 85.51, +2.29) were among those with more impressive results, while Macy's (M 35.23, +1.24) and Nordstrom (JWN 49.11, -0.41) were among those that disappointed.

Financials had been a source of leadership in late morning trade, but the sector's gains were petered out and it was left to drift sideways into the close. Still, it settled with a 0.5% gain, which means that it outperformed the broad market for the third straight session.

Health care stocks lagged all session and settled with a 0.4% gain. The sector's weakness was partly owed to disappointment over the latest quarterly reports from Boston Scientific (BSX 5.84, -0.25) and CIGNA (CI 44.13, -1.55). Even Cardinal Health (CAH 42.22, -0.86) traded lower in sympathy, despite its upside earnings surprise.

Fed Chairman Bernanke was in focus during his testimony to the House of Representatives Budget Committee. He indicated that the sluggish expansion of the economy has left it vulnerable to shocks, but noted that concerns about the domestic outlook and developments in Europe are abating.

Bernanke's comments came a day before the release of the official monthly payrolls report, which will be posted tomorrow morning. The pivotal nature of the report made for a more subdued session of trade as many market participants displayed caution. The consensus among economists polled by Briefing.com pegs the increase to nonfarm payrolls at 155,000. Yesterday the ADP Employment Change, which is often directionally accurate relative to expectations, came short of the consensus estimate.

With the monthly payrolls report on the horizon, a modest amount of attention was paid to the latest initial jobless claims tally, which declined by 12,000 to 367,000. That's actually less than the 375,000 initial claims that had been expected, on average, among economists polled by Briefing.com.

Fourth quarter productivity and cost data also made few waves. Productivity increased 0.7%, as had been expected, but labor costs climbed 1.2%, which is greater than the 0.7% increase that had been broadly expected.

Advancing Sectors: Energy +0.5%, Financials +0.5%, Consumer Staples +0.3%, Tech +0.3%, Telecom +0.1%
Declining Sectors: Industrials -0.1%, Consumer Discretionary -0.1%, Utilities -0.3%, Health Care -0.4%, Materials -0.5% DJ30 -11.05 NASDAQ +11.41 NQ100 +0.3% R2K +0.4% SP400 +0.1% SP500 +1.45 NASDAQ Adv/Vol/Dec 1525/1.90 bln/990 NYSE Adv/Vol/Dec 1695/810 mln/1289

8:04AM KEMET signs agreement to acquire Niotan for $30 mln (KEM) 9.41 : Co announced that it has signed an agreement to acquire all of the outstanding shares of Niotan, a manufacturer of tantalum powders, from an affiliate of Denham Capital Management. Niotan has been a significant supplier of tantalum powder to KEMET for several years. KEMET will pay an initial purchase price of $30 mln at the closing of the transaction and additional deferred payments of $45 mln over a thirty month period after the closing. KEMET will also be required to make quarterly royalty payments for tantalum powder produced by Niotan after the closing of the transaction, in an aggregate amount equal to $10 mln by Dec 31, 2014. The transaction is subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Act, and is expected to close in Mar 2012.

7:17AM Benchmark Elec beats by $0.07, beats on revs; guides Q1 EPS in-line, revs above consensus (BHE) 17.89 : Reports Q4 (Dec) earnings of $0.17 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.10; revenues fell 10.8% year/year to $559 mln vs the $516.76 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.17-0.23, excluding non-recurring items, vs. $0.18 Capital IQ Consensus Estimate; sees Q1 revs of $550-590 mln vs. $541.51 mln Capital IQ Consensus Estimate.bhe

1:37AM Qualcomm recommends rejection of below-market mini-tender offer by TRC Capital (QCOM) 59.56 : Co announces it has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 2 mln shares, or ~0.12%, of co's outstanding common stock at a price of $55.00 per share in cash. TRC's offer price is ~4.5% below the $57.59 closing price of Qualcomm common stock on January 18, 2012, the day before the offer commenced. The offer is subject to various conditions, including TRC's ability to obtain sufficient financing necessary to fund its financial obligations arising from the offer. Qualcomm does not endorse TRC's mini-tender offer and recommends that Qualcomm stockholders do not tender their shares since the offer is below the current market price for Qualcomm shares.

Last night, Qualcomm (QCOM $61.21 +1.58) reported first quarter earnings of $0.97 per share, excluding $0.01 loss per share attributable to the QSI segment, $0.11 loss per share attributable to certain share-based compensation and $0.03 loss per share attributable to certain acquisition-related items, $0.07 better than the Capital IQ Consensus Estimate of $0.90, while revenues rose 39.8% year/year to $4.68 billion versus the $4.58 billion consensus. The company issued upside guidance for the second quarter with EPS of $0.91-0.97 versus the $0.89 Capital IQ Consensus Estimate; sees Q2 revs of $4.6-5 billion versus the $4.5 billion consensus. The company raised guidance for fiscal year 2012 with EPS of $3.55-3.75 up from $3.42-3.62 versus the $3.60 Capital IQ Consensus with revenues of $18.7-19.7 billion up from $18-19 billion versus the $18.45 billion consensus. The company reported MSM shipments of 156 million units, up 32 percent yeaer over year and 23 percent sequentially.

Last night, JDS Uniphase (JDSU $12.69 -0.76) reported second quarter earnings of $0.15 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.10, while revenues fell 13.4% year/year to $413.1 million versus the $391.01 million consensus. The comapny issued in-line guidance for the third quarter with revenues of $410-425 million versus the $417.43 million consensus.

09:25 am Intersil downgraded to Hold at Needham: . Needham downgrades ISIL to Hold from Buy following earnings. The firm says near-term the turns requirement for Q1 is flat at 35% and given management's clear inclination to keep inventory very low, ISIL's revenue is poised to bounce sharply when demand returns. They expect the shares to have a muted to favorable response to this otherwise lackluster print and guide and would suggest investors take advantage of this share strength to downsize positions. Firm says given their lowered estimates they can no longer justify a Buy rating in ISIL shares and have consequently downgraded their rating.

10:30 am S&P Tech Sector Trading Modestly Higher, Slightly Outpacing S&P 500
The tech sector is trading higher today, ahead of gains in the broader market. Semiconductors are showing strength in line with the tech space with the Philly Semi Index trading 0.7% higher. MKSI (+6.6%) is a notable standout in the chip index. Among other major indices, the SPY and the QQQ are trading 0.3% higher on the session. Among tech bellwethers, QCOM (+2.8%) is showing strength, while AAPL (-0.1%) and IBM (-0.1%) are under a little pressure.

In earnings last night, QCOM (+2.8%) posted a quarterly beat and offered upside guidance. Elsewhere, JDSU (-5.4%) also posted a beat, but reported guidance inline with consensus, CNQR (+10.0%) posted a beat with mixed guidance, EA (+8.4%) posted a beat with downside guidance, and OTEX (+14.7%) reported a beat. This morning, ADS (+1.3%) posted a bottom line beat with inline revs and below consensus Q1 guidance.

In news last night, Facebook (FB) filed to go public, confirming much of the speculation ahead of the highly anticipated S-1 filing.

Among notable analyst upgrades this morning, DELL (+2.2%) was upgraded to Overweight at JPMorgan, RDWR (+1.8%) was upgraded to Outperform at RBC Capital, Stifel Nicolaus upgraded OTEX (+14.7%) to Buy, and CNQR (+10.0%) was upgraded to Buy at UBS.

Among downgrades, JDSU (-5.4%) was downgraded to Neutral at UBS, CTL (-2.1%) was downgraded to Neutral at Goldman and Needham downgraded ISIL (-5.7%) to Hold.

APKT (+2.3%), CAVM (+2.3%), and NVLS (+0.3%) are a few notable names in tech scheduled to report results today after the close.

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To: Return to Sender who wrote (55389)2/3/2012 8:39:23 AM
From: Sam
2 Recommendations   of 64032
 
Payrolls in U.S. Jumped 243,000 in January Unemployment Rate Drops to 8.3%
By Bob Willis - Feb 3, 2012 8:30 AM ET
bloomberg.com 

Employment climbed more than forecast in January and the U.S. jobless rate unexpectedly fell to the lowest in three years, casting doubt on whether the Federal Reserve can wait until 2014 before raising interest rates

The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg News survey, Labor Department figures showed in Washington. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.

The jump in hiring shows companies are gaining confidence the expansion will weather Europe’s slump and may boost President Barack Obama’s re-election bid. The data come one week after Fed policy makers said the economy wasn’t growing fast enough to push down the jobless rate, prompting them to extend a pledge to keep interest rates low for another two years.

“Employers are stepping up new hires that had been postponed due to the uncertainty posed by recession fears in Europe,” Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report. “The Fed is probably not going to stay on hold as long as they think.”

The median projection in the Bloomberg survey called for a rise of 140,000 payrolls after an initially reported 200,000 gain in December. Estimates of the 89 economists ranged from increases of 95,000 to 225,000. Revisions added a total of 60,000 jobs to payrolls in November and December. The Labor Department revised December’s gain to 203,000.

Broad-Based Gains The jump in employment was broad-based, including manufacturing, construction, temporary help agencies, accounting firms, restaurants and retailers. The number of industries showing job gains climbed to 64.1 in January from 62.4 a month earlier.

Factory workers put in an average 41.9 hours of work each week, the most since January 1998, while overtime hours climbed to the highest since March 2007. Manufacturing payrolls increased by 50,000 in January, the most in a year.

The unemployment rate, derived from a separate survey of households, was forecast to hold at 8.5 percent, according to the survey median. The drop in the jobless rate reflected a 381,000 decrease in unemployment at the same time 250,000 Americans entered the labor force.

Private payrolls, which exclude government agencies, rose 257,000 in January after a revised gain of 220,000 the prior month, marking the biggest back-to-back gain since March-April. It was projected to climb by 160,000.

Caterpillar Expansion Peoria, Illinois-based Caterpillar Inc. (CAT), the world’s biggest maker of earthmoving equipment, plans to increase employment this year as it expands facilities, including in Victoria, Texas, and Winston-Salem, North Carolina, Chief Financial Officer Edward Rapp said yesterday.

“Those are the things that will lead to employment growth here,” Rapp said in an interview with Betty Liu on Bloomberg Television’s “In the Loop.”

Employment at service-providers increased 162,000, the most in four months and reflecting faster job gains in retail, transportation and leisure and hospitality.

Tibco Software Inc. (TIBX) plans to hire 500 people in the U.S. this year as the economy improves and Europe works out its debt crisis, Vivek Ranadive, chief executive officer of the Palo Alto, California-based company said in an interview.

“We are hiring quite rapidly now, all in sales and service,” Ranadive said last week at the World Economic Forum’s annual conference in Davos, Switzerland. “It’s a good time to hire.”

Construction Gains Construction companies added 21,000 workers last month. Government payrolls decreased by 14,000 in January, reflecting cuts at the federal and local levels.

Average hourly earnings rose 0.2 percent to $23.29, today’s report showed. The average work week for all workers held at 34.5 hours.

The so-called underemployment rate -- which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking -- decreased to 15.1 percent from 15.2 percent.

The Fed said on Jan. 25 after a two-day meeting that it would keep its benchmark lending rate low “at least” until late 2014 from a prior target of mid-2013.

“We still have a long way to go before the labor market can be said to be operating normally,” Fed Chairman Ben S. Bernanke told the House Budget Committee in Washington yesterday. “Fortunately, over the past few months, indicators of spending, production and job-market activity have shown some signs of improvement.”

With today’s jobs report, the government issued its annual benchmark update, aligning the data with corporate tax records covering the period from April 2010 to March 2011. The Labor Department added 165,000 to the job count over the period.

The report also included methodology changes to the household survey, incorporating new population data from the decennial census, according to the Labor Department.

It also included changes to the figures used to adjust the data for seasonal swings affecting numbers back to January 2007.

To contact the reporter on this story: Bob Willis in Washington at bwillis@bloomberg.net

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From: The Ox2/3/2012 9:22:10 AM
2 Recommendations   of 64032
 
Axcelis Announces Financial Results for Fourth Quarter and Full Year 2011 <ACLS.O>
  • http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120202:nPnNE46897
  • BEVERLY, Mass., Feb. 2, 2012 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the fourth quarter and full year ended December 31, 2011. The Company reported fourth quarter revenue of $60.4 million, compared to $72.5 million for the third quarter of 2011. Net loss for the quarter was $2.1 million, or $0.02 per diluted share, which includes a $900 thousand or $0.01 per share charge related to a tax audit in Europe. This compares to net income for the third quarter of 2011 of $1.2 million, or $0.01 per share. Cash and cash equivalents, were $47.0 million at December 31, 2011.
  • For the full year 2011, the Company reported revenue of $319.4 million compared with $275.2 million in 2010, a 16% increase. Net income for the year was $5.1 million, or $0.05 per share. In addition, the Company generated $1.1 million of cash for the year. In 2010, the Company reported a net loss of $17.6 million, or $0.17 per share, and utilized $6.3 million of cash.
  • Commenting on the Company's performance, Chairman and CEO Mary Puma said, "Operating results for the fourth quarter were in line with expectations. To best position the Company moving forward, we have taken proactive steps to focus our strategy, significantly reduce our cost structure and optimize our financial performance. These improvements will benefit us as the market recovers."
  • Fourth Quarter and Full Year 2011 Conference Call The Company will host a conference call today at 5:00 pm ET to discuss results for the fourth quarter and full year 2011. The call will be available to interested listeners via an audio webcast that can be accessed through Axcelis' home page at www.axcelis.com, or by dialing 1.888.680.0860 (1.617.213.4852 outside North America). Participants calling into the conference call will be requested to provide the company name, Axcelis Technologies, and pass code: 34113857. Webcast replays will be available from 8 pm ET on February 2, 2012 until 11:59 pm on March 3, 2012.

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From: Donald Wennerstrom2/3/2012 2:03:50 PM
1 Recommendation   of 64032
 
Statement by Micron Technology Board of Directors

1:56 PM ET 2/3/12 | GlobeNewswire
We are deeply saddened to announce that Steve Appleton, Micron (Nasdaq:MU) Chairman and CEO, passed away this morning in a small plane accident in Boise. He was 51.

Our hearts go out to his wife, Dalynn, his children and his family during this tragic time.

Steve's passion and energy left an indelible mark on Micron, the Idaho community and the technology industry at large.

The company expects to provide additional information later today.

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To: Donald Wennerstrom who wrote (55386)2/3/2012 2:20:48 PM
From: Jerome
1 Recommendation   of 64032
 
Looking down the road a few months...Some semi's have done very well while others are in the catch-up mode.

The following basic chart of AMAT, CYMI, BRKS, VECO, COHU illustrates the point.

finance.yahoo.com 

VECO has the highest expected earnings and BRKS the highest book value relative to the stock price.

AMAT , BRKS and VECO are my preferred stocks for the current quarter. None of this stuff is forever, as the last few years have humbled the most astute analysis by better minds than mine.

I'm long all this stuff except CYMI

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To: The Ox who wrote (55391)2/3/2012 4:55:56 PM
From: FUBHO
3 Recommendations   of 64032
 
Microchip posts weak fiscal Q3, outlook brighter

eetimes.com 
2/3/2012 6:46 AM EST

LONDON – Microcontroller chip company Microchip Technology Inc. has reported that its fiscal third-quarter profit dropped 23.5 percent year-on-year to $77.5 million as net sales slipped back to $329.2 million, down 3.4 percent sequentially and down 10.5 percent year-over-year. Despite the sharp drop in profit it was Microchip's 85th consecutive profitable quarter.

The lower revenues were attributed to a drawing down on inventory and that Microchip (Chandler, Ariz.) had experienced weak demand earlier than its peers. Weakness in the PC and hard-disk drive markets partly due to flooding in Thailand also had an impact. However, the results were in-line with previous guidance and the company's CEO predicts increased sales in the fourth fiscal quarter, the first calendar quarter of 2012.

Microchip is one of few microcontroller vendors that has not turned to the ARM Cortex-M architecture.

"Our December quarter results were consistent with the guidance we provided on November 3, 2011 and marked our 85th consecutive quarter of profitability," said Steve Sanghi, President and CEO, in a statement. "Microchip entered this industry down cycle about one quarter earlier than most of our industry peers, and we believe that our December quarter results combined with our March quarter guidance confirms that we also expect to exit this cycle a quarter earlier than most."

Microchip said progress on the 32-bit microcontroller front where sales were up 33.7 percent on a sequential basis and had more than doubled from the year-ago quarter. Analog product sales grew sequentially while many analog chip companies were seeing declining sales and the company's embedded flash memory licensing business posted a record quarter.

Sanghi said he expected the March 2012 quarter to be up by between 1 and 5 percent, equivalent to between $332.4 million and $345.6 million.

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