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To: Gottfried who wrote (55490)2/15/2012 8:05:23 PM
From: Gottfried
3 Recommendations   of 66343
 
10 new 52 week NDX highs
		
02/15/2012
Open High Low Close Volume
AAPL 514.26 526.29 496.89 497.67 53701188
CA 27.21 27.23 26.74 26.9 3268419
CELG 74.36 76.09 73.83 74.6 5340087
CMCSA 28.98 29.05 28.3 28.52 35266036
DLTR 88.57 88.79 87.34 87.69 994838
FAST 51.57 51.6 50.51 50.63 2137652
ISRG 515.18 515.61 504.72 505.23 407291
MAT 32.68 32.69 32.31 32.39 4024486
MNST 110.29 111.18 106.32 106.51 734598
XLNX 36.56 36.96 36.389 36.45 2252915

NO new 52 week NDX low

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To: Gottfried who wrote (55491)2/16/2012 12:09:45 AM
From: Return to Sender
1 Recommendation   of 66343
 
From Briefing.com: 4:30 pm : Stocks settled with sizable losses near session lows following a mid-session swoon.

The tone ahead of the open was actually positive. Premarket participants were encouraged by news that China intends to expand its investment in Europe, although enthusiasm was tempered by a negative response to headlines that eurozone officials may wait to doll out bailout funds to Greece due to doubts about sincerity of the flagging country's commitment to new austerity measures which were approved by its parliament this past weekend.

The first half of the session was mostly mixed with the S&P 500 chopping along with a modest gain, the Dow down because of lackluster action among blue chips, and the Nasdaq sporting an enviable gain with help from tech stocks.

Apple (AAPL 497.67, -11.79) was also a source of support for the Nasdaq. However, a sudden and concerted shift in sentiment sent the stock sliding from an all-time high above $525, which reflected a climb of more than 25% since it reported earnings less than one month ago, into the red on strong volume. Given the stock's size and influence -- it is the single greatest stock by market cap -- it weighed heavily on broad market action and prompted many participants to slap on sell orders. The retreat took the major equity averages into the red. None could recover.

Upside earnings surprises from Comcast (CMCSA 28.52, +1.27) and Teva Pharma (TEVA 45.04, +1.52) helped their shares maintain impressive gains in the face of the sell-off. Despite better-than-expected results of its own, Deere & Co. (DE 84.28, -4.77) shares dropped sharply to a new monthly low. Strikingly, Abercrombie & Fitch (ANF 48.30, +3.71) shares surged to a new two-month high after the apparel retailer unveiled earnings that came short of the consensus. Encouraging commentary from company management was credited for restoring confidence in the stock.

Economic data wasn't altogether exciting. The Empire Manufacturing Survey hit 19.5 in February, up from 13.5 in the prior month. It also exceeded the reading of 14.0 that had been widely anticipated.

Industrial production for January proved disappointing. Data showed no change, which contrasts with the 0.6% increase that had been broadly expected to follow a 1.0% increase in the prior month.

The Housing Market Index impressed some participants by stretching to 29 in February from 25 in the prior month. Many thought that it would improve to just 26.

Minutes from the most recent FOMC meeting failed to induce any meaningful broad market action. However, Regional Fed President Lacker dissented in regard to the description of the time period over which economic conditions were likely to warrant exceptionally low levels of the federal funds rate, which stands at 0.00% to 0.25%, because he expects a tightening of monetary policy to prevent inflation projections or expectations prior to the end of 2014.

The dollar didn't see a great deal of action today. Instead, it generally held near the flat line, which is right about where it was by session's end. That said, the euro shed about 0.5% against the greenback to trade at $1.31. Concerns about Greece appeared to overshadow some eurozone GDP data that was generally better than what many had predicted. The headline numbers for fourth quarter GDP featured a 0.3% decline for the eurozone, a 0.2% decline in Germany, and a 0.2% increase in France. Just the other day analysts at Moody's announced they had assigned a negative outlook to France's credit rating.

Although it appeared that the risk trade was turned off, oil prices finished pit trade at $101.78 per barrel for a 1.0% gain. Buying interest was bolstered by concerns about Iran's armament efforts and possible plans by the country to cut its exports.

Advancing Sectors: (None)
Unchanged: Materials
Declining Sectors: Health Care -0.2%, Consumer Staples -0.2%, Energy -0.3%, Consumer Discretionary -0.5%, Telecom -0.5%, Financials -0.6%, Utilities -0.6%, Tech -0.6%, Industrials -1.4%DJ30 -97.33 NASDAQ -16.00 NQ100 -0.8% R2K -0.8% SP400 -0.3% SP500 -7.27 NASDAQ Adv/Vol/Dec 940/2.02 bln/1595 NYSE Adv/Vol/Dec 1276/806 mln/1736

4:37PM MEMC Elec misses by $0.05, misses on revs; guides Q1 revs in-line (WFR) 4.65 -0.07 : Reports Q4 (Dec) loss of $0.21 per share, $0.05 worse than the Capital IQ Consensus Estimate of ($0.16); revenues fell 15.6% year/year to $717.8 mln vs the $770.64 mln consensus. MEMC Elec sees Q1 revs down 10-15% sequentially; consensus calls for a ~15% decline (Q1 revs of approx $609-645 mln vs. $623.52 mln Capital IQ Consensus Estimate).

For the first quarter 2012: Semiconductor cycle bottom in Q1 2012 Expecting 10% - 15% lower revenue in Q1 2012 vs. Q4 2011, Orders picking up for Q2 2012; Solar energy systems interconnection volume of less than 100 MW Approximately, 50 MW will be recognized for non-GAAP revenue, Approximately 45 MW of balance sheet projects; Solar energy systems average pricing of approximately $4.25/watt; Operating expenses less than $110 million; Capital spending less than $50 million; Interest / other expense less than $25 million; Non-GAAP tax rate of approximately 30%.

For the full year 2012: Semiconductor revenue flat year-over-year, Revenue in second half 2012 stronger than in first half 2012, Solar energy systems sales volume greater than 400 MW; Solar energy systems average pricing of approximately $3.75/watt; Operating expenses less than $375 million; Capital spending less than $175 million; Interest/other expense less than $100 million; Non-GAAP tax rate of approximately 30%.

4:32PM Photronics reports EPS in-line, misses on revs (PLAB) 7.53 +0.08 : Reports Q1 (Jan) earnings of $0.09 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.09; revenues fell 7.1% year/year to $112.2 mln vs the $113.72 mln consensus.

4:20PM NVIDIA -- Earnings Mover (NVDA) 16.17 : Negative initial reaction to earnings as price sinks down roughly $0.50-0.75 down into the $15.50 zone. Initial after hours spike low down near $15.20.

4:12PM Agilent reports EPS in-line, revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY12 EPS in-line, revs in-line (A) 43.64 -0.14 : Reports Q1 (Jan) earnings of $0.69 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.69; revenues rose 7.6% year/year to $1.64 bln vs the $1.65 bln consensus. Co issues downside guidance for Q2, sees EPS of $0.71-0.73, excluding non-recurring items, vs. $0.78 Capital IQ Consensus Estimate; sees Q2 revs of $1.70-1.72 bln vs. $1.75 bln Capital IQ Consensus Estimate. Co issues in-line guidance for FY12, sees EPS of $3.13-3.23, excluding non-recurring items, vs. $3.16 Capital IQ Consensus Estimate; sees FY12 revs of $6.92-7.02 bln vs. $6.97 bln Capital IQ Consensus Estimate.

4:07PM NetApp reports EPS in-line, revs in-line; guides AprQ in-line (NTAP) 39.88 +0.76 : Reports Q3 (Jan) earnings of $0.58 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.58; revenues rose 21.4% year/year to $1.57 bln vs the $1.56 bln consensus. Co issues in-line guidance for Q4 (Apr), sees EPS of $0.60-0.65, excluding non-recurring items, vs. $0.63 Capital IQ Consensus Estimate; sees Q4 revs of $1.645-1.725 bln vs. $1.68 bln Capital IQ Consensus Estimate.

SanDisk (SNDK) announced it has entered into a worldwide, exclusive agreement with Diskeeper Corp. to license its caching software solutions for solid state disk drives.

8:55AM SanDisk announced it agrees to Acquire FlashSoft; financial terms not disclosed (SNDK) 47.00 : Co intends to sell FlashSoft's products as standalone software, as well as offer these software products in combination with its growing portfolio of SAS, PCIe and SATA enterprise solutions. The FlashSoft acquisition is expected to be neutral to SanDisk's earnings in 2012 and accretive in 2013. Additional details of the acquisition were not released.

8:07AM Chipmos Technology reported revenue for the month of January 2012 was NT$1,443.0 mln or US$48.7 mln, a decrease of 1.2% from the month of December 2011 and a decrease of 6.8% from the same period in 2011 (IMOS) 8.62 :

12:54 pm S&P Tech Sector Shows Modest Gains, But Is Outperforming The S&P 500
The tech sector is trading higher today, outpacing minor losses in the broader market. Semiconductors are showing relative strength in the tech space; the Philly Semi Index is trading 1.3% higher. CREE (+4.6%) is a notable leader in the chip index. Among other major indices, the SPY is trading 0.1% lower, while the NASDAQ is 0.2% higher and the QQQ is trading 0.3% higher on the session. Among tech bellwethers, AAPL (-0.3%) is showing strength, while T (-0.5%) is under pressure.

In earnings last night, ZNGA (-12.6%) posted a slight beat with inline guidance, while QSFT (-8.8%) reported a mixed qtr and guided above consensus. In news, Third Point, which owns 5.56% of YHOO (-0.8%), disclosed last night its intention to nominate 4 to the Board of YHOO. Elsewhere, SNDK (+2.6%) announced this morning it will acquire FlashSoft, which is expected to become accretive in 2013. Among rumors, LNKD (-0.2%) is reportedly in talks to enter China.

Among notable analyst upgrades this morning, The Benchmark Company upgraded FIO (+3.4%) to Buy and FIS (+1.7%) was upgraded to Neutral at JP Morgan.

Among downgrades, ZNGA (-12.6%) was downgraded at Robert W. Baird, BofA/Merrill, and Barclays. Also, PWAV (-14.6%) was downgraded to Underweight at JP Morgan, RAX (-0.3%) was downgraded to Market Perform at Raymond James, ASIA (-1.8%) was downgraded to Sell at UBS, ORCL (+0.1%) was downgraded to Above Average at Caris, and DELL (-0.1%) was downgraded to Underperform at Sterne Agee.

A (+0.9%), CTL (+0.3%), NTAP (+2.3%), and NVDA (+0.4%) are some notable names in tech scheduled to report results today after the close.

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From: Eric2/16/2012 7:43:10 AM
1 Recommendation   of 66343
 
China Solar Silicon Production Curbed 30% to Lift Prices: Energy

China’s polysilicon industry, the biggest supplier to solar-panel manufacturers worldwide, has idled almost one-third of production and may keep the plants closed until prices recover from a 60 percent plunge.

The price tumble spurred the smallest producers including units of Baoding Tianwei Baobian Electric Co. (600550) and Dongfang Electric Corp. to halt plants, according to Xie Chen, an analyst from the China Nonferrous Metals Industrial Association, a trade group that advises the government. China has about 45 percent of global production capacity to purify silicon into polysilicon.

The suspensions may be short-lived because the average spot price for the most expensive ingredient in making solar panels rose 9 percent since mid-December from a decade low. A recovery would boost margins for the biggest makers such as GCL-Poly Energy Holdings Ltd. (3800), China’s largest, and Hemlock Semiconductor Corp. of the U.S., which is No. 1 in the world by capacity.

“The freeze in production won’t last too long,” Xie said in an interview. “Many companies have said they will return to manufacturing if prices rise to $47 a kilogram” from the current level of about $28.80.

Xie forecast prices will jump to $40 to $50 a kilogram this year. That’s enough to prompt a return to production in the first half of most of the halted plants, which he estimated were about 30 percent of the total. Xie’s view was shared by Lian Rui, a senior analyst in Beijing for New York-based research company Solarbuzz.

Price Forecasts

Polysilicon will average about $30 this year, and companies including the units of Baoding Tianwei and Dongfang Electric will probably resume production as early as May, Lian said in an interview. Bloomberg New Energy Finance has forecast 2012 polysilicon prices to average $25 per kilogram this year.

Two phone calls placed to Gong Dan, spokesman for Dongfang Electric, and an e-mail sent to Yin Xiaonan, Baoding Tianwei’s spokesman, weren’t answered.

The rebound from polysilicon’s 10-year low of $26.31 a kilogram in mid-December coincides with increased interest by China to install photovoltaic devices on its own soil.

Chinese producers will double the number of panels that will be installed this year from the 2.2 gigawatts erected in the country in 2011, according to forecasts from manufacturers Suntech Power Holdings Co. (STP) and Trina Solar Ltd. (TSL) That would absorb some of the industry’s excess inventory, which led to the drop in prices and profits.

Demand for solar products is recovering and is expected to shift from Europe to Asian and U.S. markets, Renewable Energy Corp. ASA (REC), a Sandvika, Norway-based maker of polysilicon, said in its earnings presentation Feb. 8.

‘Suck up Supply’

The increase in panel demand in China “sucks up some of the excess supply,” Pavel Molchanov, an analyst for Raymond James & Associates Inc. in Houston, said by e-mail on Feb. 9.

The expectation that China will increase installations this year has led some solar companies to keep plants running. GCL- Poly, LDK Solar Co. (LDK) and Asia Silicon (Qinghai) Co. have continued to operate their plants, according to Xie. His association acts as a conduit between the Chinese government and solar companies, advising both ministers and executives.

Xinyu, China-based LDK Solar said in November that it plans to triple its capacity and make 55,000 tons of polysilicon a year by 2014. GCL-Poly more than doubled capacity last year to 46,000 tons. Korea’s OCI Co. (010060) is building a plant capable of making 24,000 tons of the material annually in Saemangeum.

Jessy Fang, a spokeswoman of GCL-Poly in Hong Kong, declined to comment. Two calls to Li Longji, an acting director for LDK’s public relations department, weren’t answered.

Smaller Companies

It is the smaller companies that have struggled and may continue to do so, said Lian of Solarbuzz.

Leshan Ledian Tianwei Silicon Science & Technology Co. and Xinguang Silicon, units of Baoding Tianwei, halted production last year to reduce losses and operating costs. Dongfang Electric Emei Semiconductor Material Co., a unit of Dongfang Electric Corp. (1072), also stopped manufacturing.

Zhejiang Xiecheng Silicon Industry Co. filed for bankruptcy in December, the first collapse of a solar company in China.

“Prices may be stuck near $30 a kilogram for a year or two, but this may be enough for the bigger companies like LDK and GCL to continue with production,” Lian said. It’s unlikely that the larger companies will seek to acquire those that are struggling, he said. “Buying a company that can’t operate efficiently is costlier than expanding organically,” he said.

Full Capacity

Daqo New Energy Corp., the nation’s fourth-largest polysilicon producer, can produce polysilicon at a cost of $30 a kilogram and is operating at full capacity, said Kevin He, its investor relations manager.

Companies can maintain operation at this price, “but it’s hard to make profits,” he said. The Wanzhou, Chongqing-based company last year started building a 3,000-ton plant to increase capacity by as much as 70 percent.

The top five polysilicon producers including Hemlock and Germany’s Wacker Chemie AG (WCH), more than doubled output in 2010 from 2008, data from New Energy Finance show. The decline in the price of the raw material has been steeper than the 47 percent decrease for panels last year because polysilicon plants have higher operating costs, particularly for electricity.

“Power prices account for a substantial portion of the cost of a polysilicon plant,” said Solarbuzz’s Lian. Prices of electricity are higher in some regions where factories are located, including the eastern coastal provinces such as Zhejiang where Zhejiang Xiecheng Silicon Industry’s plant is based, Lian said.

bloomberg.com

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From: Eric2/16/2012 7:55:51 AM
1 Recommendation   of 66343
 
U.S. Solar Projects Rose 67 Percent in Fourth Quarter, SEIA Says

Installation of solar panels in the U.S. surged as much as 67 percent in the fourth quarter as developers raced to qualify for an expiring federal incentive program and panel prices fell 16 percent, a trade group said.

Developers installed 700 megawatts to 750 megawatts of rooftop and ground-mounted systems in the quarter, compared with 450 megawatts in the third quarter, according to preliminary estimates from the Washington-based Solar Energy Industries Association.

Installations this year may grow by 3,000 megawatts to 4,000 megawatts, up from about 1,800 megawatts in 2011, if a U.S. Treasury Department incentive known as the 1603 program is renewed, said Rhone Resch, the trade group’s chief executive officer.

Last year “was an incredible year and 2012 could be even better if Congress extends the grant program,” Resch said in an interview today.

President Barack Obama included 1603 in the proposed federal budget released yesterday and SEIA is lobbying to have it attached to the payroll tax extension Congress is debating now.

The 1603 program offered cash grants of as much as 30 percent of development costs for renewable energy projects.

The grant program was enacted in 2009 to encourage investors to back renewable-energy projects. It’s helped develop more than $24 billion of power plants fueled by wind, solar and other renewable sources, Resch said.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net.

bloomberg.com

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From: Eric2/16/2012 9:47:54 AM
2 Recommendations   of 66343
 
MEMC predicts challenging 2012, as it announces flat financials

MEMC Electronic Materials Inc. says both its fourth quarter (Q4) and full year (FY) financials reflect the "challenging" market environment it encountered in 2011. While the company believes it is well positioned for the future following its production and staff cutbacks, it forecasts another difficult year.

Forced to introduce significant cutbacks at the end of 2011 in order to cope with the market conditions, MEMC has endured a rough 12 months, with setbacks seen in both the semiconductor and solar markets. Specifically, the wafer and silicon manufacturer says revenue for its solar materials business segment has declined "sharply" both sequentially and year-on-year. The reason cited was "significantly weaker" wafer pricing and volumes. These challenges are expected to remain this year.

MEMC CEO, Ahmad Chatila, commented, "Although solar interconnections roughly doubled in 2011 and we expect strong growth in 2012, uncertainty regarding feed-in tariffs and credit markets in Europe will remain challenging in 2012."

In light of this, MEMC has said it will not issue specific revenue and earnings guidance for 2012. It did predict, however, that it will connect solar systems worth less than 100 MW in Q1. "Approximately 50 MW will be recognized for non-GAAP revenue," said the company. It adds that it expects the average price of solar systems to be $4.25 per watt.

The financials

Of MEMC's overall GAAP revenues earned in Q4 – US$717.8 million – the solar materials segment reaped $108.6 million, a 46 percent decrease from Q3 2011 and a 61 percent decrease from Q4 2010. Going forward, MEMC says that "solar wafer sales to external parties are expected to decline to minimal levels due to the company's strategic shift to primarily supplying wafers for internal consumption by SunEdison, as well as the previously announced global restructuring, including the expected closure of the polysilicon manufacturing facility in Merano, Italy and the capacity reductions in the Portland, Oregon and Kuching, Malaysia facilities."

In addition to revenue decreases, the segment also recorded a huge operating loss of $729 million, compared to a loss of $65.3 million in Q3 2011, and an operating profit of $38.1 million in Q4 2010.

As of January 1, 2012, the solar materials segment was combined with SunEdison.

SunEdison performed relatively well in comparison. Q4 GAAP revenue was said to be $381.3 million, compared to $48.4 million in Q3 2011, and $307.6 million in Q4 2010. The increase was attributed to the sale of several large solar projects. Q4 2011 non-GAAP revenue, meanwhile, was $435.6 million, up from $391.2 million in Q3 2011 and $407.0 million in Q4 2010.

Despite this, SunEdison recorded a Q4 2011 GAAP operating loss of $433.7 million, compared to a loss of $29.6 million in Q3 2011, and $5.9 million in Q4 2010. Furthermore, its adjusted non-GAAP operating income for Q4 2011 was $13.2 million, compared to adjusted non-GAAP operating income of $36.4 million in Q3 2011 third quarter and $61.6 million in Q4 2010.

The company ended Q4 2011 with a pipeline of three gigawatts. As of December 31, 2011, it says that 255 megawatts were under construction.

Chatila ended on a positive note, "Our operations and pipeline in the most promising, stable markets, and our brand recognition position us for long-term growth in solar. Through productivity and restructuring efforts, we will be positioned for both semiconductor, and eventually solar, market upturns."

pv-magazine.com

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From: Gottfried2/16/2012 6:01:18 PM
1 Recommendation   of 66343
 
bpNDX rose one to 80% [MXIM]

Feb03 Feb06 Feb07 Feb08 Feb09 Feb10 Feb13 Feb14 Feb15 Feb16
AAPL AAPL AAPL AAPL
AAPL ADBE ADBE ADBE ADBE AAPL
ADBE AAPL ADP ADP ADP ADP AAPL AAPL AAPL ADBE
ADP ADBE ADSK ADSK ADSK ADSK ADBE ADBE ADBE ADP
ADSK ADP AKAM AKAM AKAM AKAM ADP ADP ADP ADSK
AKAM ADSK ALTR ALTR ALTR ALTR ADSK ADSK ADSK AKAM
ALTR AKAM ALXN ALXN ALXN ALXN AKAM AKAM AKAM ALTR
ALXN ALTR AMGN AMAT AMAT AMAT ALTR ALTR ALTR ALXN
AMGN ALXN ATVI AMGN AMGN AMGN ALXN ALXN ALXN AMAT
APOL AMGN BIDU ATVI ATVI ATVI AMAT AMAT AMAT AMGN
ATVI ATVI BIIB BIDU BIDU BIDU AMGN AMGN AMGN ATVI
BIDU BIDU CA BIIB BIIB BIIB ATVI ATVI ATVI BIDU
BIIB BIIB CELG BMC BMC BMC BIDU BIDU BIDU BIIB
CA CA CERN CA CA CA BIIB BIIB BIIB BMC
CELG CELG CHKP CELG CELG CELG BMC BMC BMC CA
CERN CERN CMCSA CERN CERN CERN CA CA CA CELG
CHKP CHKP COST CHKP CHKP CHKP CELG CELG CELG CERN
CMCSA CMCSA CSCO CMCSA CMCSA CMCSA CERN CERN CERN CHKP
COST COST CTRP CSCO CSCO CSCO CHKP CHKP CHKP CMCSA
CSCO CSCO CTSH CTRP CTRP CTRP CMCSA CMCSA CMCSA CSCO
CTRP CTRP CTXS CTSH CTSH CTSH CSCO CSCO CSCO CTRP
CTSH CTSH DELL CTXS CTXS CTXS CTRP CTRP CTRP CTSH
DELL DELL DLTR DELL DELL DELL CTSH CTSH CTSH CTXS
DLTR DLTR EBAY DLTR DLTR DLTR CTXS CTXS CTXS DELL
EBAY EBAY ESRX EBAY EBAY EBAY DELL DELL DELL DLTR
ESRX ESRX EXPD ESRX ESRX ESRX DLTR DLTR DLTR EBAY
EXPD EXPD EXPE EXPD EXPD EXPD EBAY EBAY EBAY ESRX
EXPE EXPE FAST EXPE EXPE EXPE ESRX ESRX ESRX EXPD
FAST FAST FFIV FAST FAST FAST EXPD EXPD EXPD EXPE
FFIV FFIV FISV FFIV FFIV FFIV EXPE EXPE EXPE FAST
FISV FISV FLEX FISV FISV FISV FAST FAST FAST FFIV
FLEX FLEX FOSL FLEX FLEX FLEX FFIV FFIV FFIV FISV
FOSL FOSL FSLR FOSL FOSL FOSL FISV FISV FISV FLEX
FSLR FSLR GILD FSLR FSLR FSLR FLEX FLEX FLEX FOSL
GILD GILD GMCR GILD GILD GILD FOSL FOSL FOSL GILD
GMCR GMCR GOLD GMCR GMCR GMCR GILD GILD GILD GMCR
GOLD GOLD GRMN GOLD GOLD GOLD GMCR GMCR GMCR GOLD
GRMN GRMN HSIC GRMN GRMN GRMN GOLD GOLD GOLD GRMN
HSIC HSIC INFY HSIC HSIC HSIC GRMN GRMN GRMN HSIC
INFY INFY INTC INFY INFY INFY HSIC HSIC HSIC INFY
INTC INTC INTU INTC INTC INTC INFY INFY INFY INTC
INTU INTU ISRG INTU INTU INTU INTC INTC INTC INTU
ISRG ISRG KLAC ISRG ISRG ISRG INTU INTU INTU ISRG
KLAC KLAC LIFE KLAC KLAC KLAC ISRG ISRG ISRG KLAC
LIFE LIFE LINTA LIFE LIFE LIFE KLAC KLAC KLAC LIFE
LINTA LINTA LLTC LINTA LINTA LINTA LIFE LIFE LIFE LINTA
LLTC LLTC LRCX LLTC LLTC LLTC LINTA LINTA LINTA LLTC
LRCX LRCX MAT LRCX LRCX LRCX LLTC LLTC LLTC LRCX
MAT MAT MCHP MAT MAT MAT LRCX LRCX LRCX MAT
MCHP MCHP MNST MCHP MCHP MCHP MAT MAT MAT MCHP
MNST MNST MRVL MNST MNST MNST MCHP MCHP MCHP MNST
MRVL MRVL MSFT MRVL MRVL MRVL MNST MNST MNST MRVL
MSFT MSFT MU MSFT MSFT MSFT MRVL MRVL MRVL MSFT
MU MU MYL MU MU MU MSFT MSFT MSFT MU
MYL MYL NFLX MYL MYL MYL MU MU MU MXIM
NFLX NFLX NTAP NFLX NFLX NFLX MYL MYL MYL MYL
NTAP NTAP NUAN NTAP NTAP NTAP NFLX NFLX NFLX NFLX
NUAN NUAN NVDA NUAN NUAN NUAN NTAP NTAP NTAP NTAP
NVDA NVDA NWSA NVDA NVDA NVDA NUAN NUAN NUAN NUAN
NWSA NWSA ORLY NWSA NWSA NWSA NVDA NVDA NVDA NVDA
ORLY ORLY PAYX ORLY ORLY ORLY NWSA NWSA NWSA NWSA
PAYX PAYX PCAR PAYX PAYX PAYX ORLY ORLY ORLY ORLY
PCAR PCAR PCLN PCAR PCAR PCAR PAYX PAYX PAYX PAYX
PCLN PCLN PRGO PCLN PCLN PCLN PCAR PCAR PCAR PCAR
QCOM QCOM QCOM QCOM QCOM QCOM PCLN PCLN PCLN PCLN
ROST ROST ROST ROST ROST ROST QCOM QCOM QCOM QCOM
SBUX SBUX SBUX SBUX SBUX SBUX ROST ROST ROST ROST
SHLD SHLD SHLD SHLD SHLD SHLD SBUX SBUX SBUX SBUX
SIAL SIAL SIAL SIAL SIAL SIAL SHLD SHLD SHLD SHLD
SPLS SPLS SPLS SPLS SPLS SPLS SIAL SIAL SIAL SIAL
SRCL SRCL SRCL SRCL SRCL SRCL SPLS SPLS SPLS SPLS
STX STX STX STX STX STX SRCL SRCL SRCL SRCL
TEVA TEVA TEVA TEVA TEVA TEVA STX STX STX STX
VOD VOD VOD VOD VOD VOD TEVA TEVA TEVA TEVA
VRSN VRSN VRSN VRSN VRSN VRSN VOD VOD VOD VOD
WCRX WCRX WCRX WCRX WCRX WCRX VRSN VRSN VRSN VRSN
WFM WFM WFM WFM WFM WFM WCRX WCRX WCRX WCRX
WYNN WYNN WYNN WYNN WYNN WYNN WFM WFM WFM WFM
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 (55496)2/16/2012 6:04:12 PM
From: Gottfried
3 Recommendations   of 66343
 
9 new 52 week NDX highs
		
02/16/2012
Open High Low Close Volume
CA 27 27.34 26.98 27.24 4787132
DELL 17.89 18.33 17.89 18.32 21441744
GRMN 44.04 44.5 44.001 44.18 873748
HSIC 73.25 75.98 72.73 75.67 1145732
MAT 32.55 32.79 32.44 32.59 3712538
MSFT 30.31 31.55 30.3 31.285 94645208
MXIM 27.7 28.75 27.69 28.64 3873877
QCOM 61.79 62.4 61.56 62.27 12328196
XLNX 36.38 37.48 36.37 37.15 4866814

NO new 52 week NDX low

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From: Gottfried2/16/2012 6:14:14 PM
2 Recommendations   of 66343
 
from the AMAT report:
"Backlog decreased by $230 million from the fourth quarter to $2.2 billion."

phoenix.corporate-ir.net

the stock is $13.90 right now

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From: FUBHO2/16/2012 8:36:12 PM
3 Recommendations   of 66343
 
Applied sees strong capital spending by foundries


eetimes.com

Dylan McGrath2/16/2012 7:48 PM EST
SAN FRANCISCO—Chip equipment vendor Applied Materials Inc. Thursday (Feb. 16) reported quarterly results that exceeded analysts' expectations and said it continues to see strong capital investment from chip makers, led by foundries, that it expects to lift its sales in the current quarter.

Mike Splinter, Applied's chairman and CEO, said through a statement that global demand for mobile devices is driving a third consecutive quarter of strong capital investment by semiconductor manufacturers. "As a result, we see solid order momentum and an improved outlook overall for our [current] quarter," Splinter said.

Applied (Santa Clara, Calif.) reported sales of $2.19 billion for its fiscal first quarter, which closed Jan. 29, up nominally from $2.18 billion in the previous quarter and down 19 percent from the year-ago quarter. The company reported a net income for the quarter of $117 million, or 9 cents per share, down 74 percent from the previous quarter and down 77 percent from the year-ago quarter.

On a pro forma basis, excluding charges, Applied reported a net income for the quarter of $344 million, or 18 cents per share, down 10 percent from the previous quarter and down 48 percent from the year-ago quarter.

Applied's sales and income results exceeded consensus analysts' expectations, which called for revenue of $1.97 billion and pro-forma net income of 12 cents per share, according to Yahoo Finance.

Orders for the quarter totaled $2.01 billion, up 26 percent from the previous quarter, including $1.42 billion from the company's Silicon Systems Group, Applied said.

Applied said it expects sales for the current quarter to grow 5 to 15 percent to between $2.3 billion and $2.52 billion. The company's sales target for the quarter exceeded consensus analysts' expectations of about $2.08 billion, according to Yahoo Finance.

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To: FUBHO who wrote (55499)2/16/2012 9:34:46 PM
From: Return to Sender
2 Recommendations   of 66343
 
From Briefing.com: 4:15PM Applied Materials beats by $0.06, beats on revs; guides Q2 EPS, revs above consensus (AMAT) 13.21 +0.31 : Reports Q1 (Jan) earnings of $0.18 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.12; revenues fell 18.5% year/year to $2.19 bln vs the $1.97 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.20-0.28, excluding non-recurring items, vs. $0.16 Capital IQ Consensus Estimate; sees Q2 revs +5-15% QoQ to ~$2.30-2.52 bln vs. $2.09 bln Capital IQ Consensus Estimate. Backlog -$230 mln QoQ to $2.2 bln.

4:12PM SunPower reports surprise profit, misses on revs; guides Q1 EPS in-line, revs below consensus; guides FY12 revs in-line (SPWR) 7.48 +0.15 : Reports Q4 (Dec) earnings of $0.16 per share, excluding non-recurring items, $0.27 better than the Capital IQ Consensus Estimate of ($0.11); revenues fell 39.9% year/year to $563.4 mln vs the $652.4 mln consensus. Co issues guidance for Q1, sees EPS of ($0.05)-(0.20), excluding non-recurring items, vs. ($0.23) Capital IQ Consensus Estimate; sees Q1 revs of $420-495 mln vs. $596.22 mln Capital IQ Consensus Estimate. Co issues in-line guidance for FY12, sees FY12 revs of $2.6-3.0 bln vs. $2.69 bln Capital IQ Consensus Estimate. and MW recognized to be in the range of 900 MW to 1,200 MW. SunPower remains committed to achieving break even or better non-GAAP profitability and a year-end unrestricted cash balance of more than $300 million, while investing in cost reduction initiatives.

3:32PM Semiconductor Hldrs reaches new high of 35.30, nearing its eight month high from July at 35.36 (SMH) 35.28 +0.79 : INTC +1.2%, MRVL +3.6%, KLAC +3.5%, ALTR +2.8%, BRCM +2.8%, LRCX =2.7%, XLNX +2.7%.

11:18AM NVIDIA continues its opening reversal higher following earnings as buyers take it up into modest gap down high territory near $16.00 (NVDA) 16.00 -0.16 :

11:10AM RF Micro Device responds to patent infringement claim - will vigorously defend its position (RFMD) 5.02 +0.14 : Co responded to the filing of a patent infringement lawsuit by Peregrine Semiconductor Corporation relating to radio frequency integrated circuits (RFICs) and switching technology:

RF Micro Devices has a strong intellectual property portfolio relating to RFICs and switching technology that it has developed over many years, and RFMD intends to vigorously defend its position in this lawsuit. As a leading technology company, RFMD respects the intellectual property rights of others and takes care to avoid infringements. RFMD is fully committed to its entire product portfolio, and all RFMD products will continue to be provided to RFMD's customers without interruption while this lawsuit is being contested.

10:31AM Ramtron signs global distribution agreement with Digi-Key Corporation (RMTR) 2.25 +0.01 : The distribution agreement will make Ramtron's entire line of F-RAM-enabled semiconductors available for purchase from www.digikey.com and Digi-Key's international websites.

8:02AM Trina Solar subsidary announces $100 mln structured term loan facility (TSL) 9.16 : Co announced today that its wholly-owned subsidiary, Trina Solar (Changzhou) Science & Technology Co. Ltd., has obtained a three-year structured term loan facility from Standard Chartered Bank. The structured term loan facility is for an amount of up to $100 mln dollars, which may be drawn down in single or multiple tranches within the first 12 months. Each tranche is for a term of up to 36 months from the initial drawdown date, and may be extended for up to another two years. The facility will support the Company's announced East Campus project, which is expected to add approximately 500 MW of cell and module capacity and feature its high-efficiency Honey cell technology.

7:34AM Freescale Semi announces launch of new financing under senior secured credit facilities (FSL) 17.20 : Co announced that Freescale Semiconductor, its wholly owned indirect subsidiary, is seeking commitments for a new senior secured term loan facility under its existing senior secured credit facilities in an aggregate principal amount of up to $500 mln. The proceeds from the new term loans are intended to be used to redeem, repurchase or otherwise acquire a portion of Freescale's senior subordinated notes due 2016 and, at Freescale's option, a portion of its senior notes due 2014, and to pay related redemption premiums, fees and expenses.

Socket Mobile (SCKT) announced a partnership with nSales. The collaboration enables sales representatives to quickly enter orders, look up account information, and check inventory levels during customer visits using a solution based on the Apple iPad (AAPL).

NetApp (NTAP $42.41 +2.56) reported third quarter earnings of $0.58 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.58, while revenues rose 21.4% year/year to $1.57 billion versus the $1.56 billion consensus. The company issued in-line guidance for the fourth quarter EPS of $0.60-0.65, excluding non-recurring items, versus the $0.63 consensus with revenues of $1.645-1.725 billion versus the $1.68 billion consensus.

Agilent (A $42.32 -1.32) reported first quarter earnings of $0.69 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.69, while revenues rose 7.6% year/year to $1.64 billion versus the $1.65 bln consensus. The company issued downside guidance for the first quarter with EPS of $0.71-0.73, excluding non-recurring items, versus the $0.78 Capital IQ Consensus with revenues of $1.70-1.72 billion versus the $1.75 billion consensus The company issued in-line guidance for fiscal year 2012 with EPS of $3.13-3.23, excluding non-recurring items versus the $3.16 consensus with fiscal year 2012 revenues of $6.92-7.02 billion versus the $6.97 billion consensus.

Nvidia (NVDA $15.46 -0.77) reported fourth quarter earnings of $0.26 per share, excluding non-recurring items, $0.02 better than the consensus of $0.24, while revenues rose 7.5% year/year to $953.2 million versus the $950.1 million consensus. Co issues downside guidance for the first quarter with revenues of $900-930 million versus the 948.7 million consensus. Non-GAAP gross margin in Q4 was 52.5%, and the company guided first quarter on-GAAP gross margin at 48.5-50.5%.

4:30 pm : Stocks staged a steady ascent that settled with the S&P 500 at its best level in about nine months. The effort was broad-based, but lacked share volume.

Although a bullish bias prevailed, action opened with the broad market near the neutral line. Participants were initially somewhat divided on how to respond to the latest wave of headlines. Without any reports of progress traders continued to express concern about potential problems in delivering bailout funds to Greece after it became apparent earlier in the week that eurozone officials are skepitcal of the flagging country's commitment to newly approved austerity measures.

Morning sentiment was also challenged by the threat that analysts at Moody's might reduce their ratings on a bevy of major banks and financial institutions, including Bank of America (BAC 8.09, +0.31), Citigroup (C 32.71, +0.99), JPMorgan Chase (JPM 38.00, +0.60), and Goldman Sachs (GS 114.74, +1.57).

There was a substantial dose of traders to digest, too. Overall, though, it proved pleasing.

The latest weekly initial jobless claims count totaled 348,000, which is less than 365,000 initial claims that had been broadly expected to follow the upwardly revised prior week tally of 361,000. Continuing claims made a significant decline to 3.43 million from 3.53 million.

Housing starts improved in January to an annualized rate of 699,000 from an upwardly revised rate of 689,000 in the prior month. That surpassed the pace of 671,000 housing starts that had been broadly expected. Building permits made a modest improvement to an annualized rate of 676,000 from a downwardly revised rate of 671,000, but that was on par with what had been widely expected.

Producer prices proved more mixed. Total producer prices in January were up 0.1%, which is less than the 0.3% increase that had been broadly predicted, but core producer prices climbed at a clip of 0.4% to double the increase that had been widely expected.

After the open, the Philadelphia Fed Survey for February rang in at 10.2. That marked strong improvement over the 7.3 posted in the prior month and narrowly surpassed the 10.0 that had been expected, on average, among economists polled by Briefing.com.

Once the data was out of the way stocks engaged in a steady ascent that was initially led by the financial sector. Financials were able to overcome early weakness associated with the threat of a downgrade to many of the sector's major constituents to collectively climb to a 1.6% gain.

The Financial sector's effort was matched by the Tech sector, which is the largest sector by market weight. A break-out by Microsoft (MSFT 31.28, +1.24) to a four-year high made the stock a leader among tech issues. It also helped the Nasdaq move ahead of its counterparts.

Although short-covering likely played a part, General Motors (GM 27.17, +2.24) shares also staged an impressive move that settled with the stock at its best level since summer. The automaker's earnings fell short of the consensus estimate, but that was countered by a strong revenue figure and news of increased market share.

As market participants returned to riskier assets the dollar dropped out of favor after it had been bid higher in the early going. By session's end the euro had climbed 0.6% against the greenback, while the sterling pound advanced 0.7% against it.

Treasuries also traded lower. Their slide sent the yield on the benchmark 10-year Note back up to almost 2.0% after it had been at a weekly low near 1.90% just yesterday.

Apathy continues to detract from share volume. More specifically, a lack of participation today kept total share volume on the NYSE near 800 million, which is on par with trends of the past several months.

Advancing Sectors: Materials +1.7%, Financials +1.6%, Tech +1.6%, Energy +1.2%, Utilities +1.1%, Industrials +0.8%, Consumer Staples +0.7%, Health Care +0.7%, Telecom +0.7%, Consumer Discretionary +0.5%
Declining Sectors: (None)DJ30 +123.13 NASDAQ +44.02 NQ100 +1.4% R2K +2.0% SP400 +1.5% SP500 +14.81 NASDAQ Adv/Vol/Dec 1945/1.92 bln/602 NYSE Adv/Vol/Dec 2293/805 mln/750

10:45 am S&P Tech Sector Up Modestly
The tech sector is trading higher higher today by 0.3%, in line with gains in the broader market. Semiconductors are showing relative strength in the tech space; the Philly Semi Index is trading 0.8% higher. NITT (+1.4%) is a notable leader in the chip index. Among other major indices, the SPY & NASDAQ are trading 0.3% higher. Among tech bellwethers, AAPL (-1.0%) is showing weakness.

In earnings last night, NVDA (-1.8%) posted a slight beat, however reported disappointing guidance. Elsewhere, NTAP (+6.0%) reported an in line quarter.

In news, there were reports that Alibaba was planning on agreeing to terms for a $3 billion loan. In addition, there were reports that More cities in China have stopped AAPL (-1.0%) Ipad orders

Among notable analyst upgrades this morning, ITRI (+18.6%) was upgraded to Buy from Hold at ThinkEquity following strong earnings, AMZN (-4.1%) was downgraded to Equal Weight from Overweight at Morgan Stanley, WFT (-0.8%) was upgraded to Hold from Underperform at Jefferies. MXIM (+1.6%) was initiated with an Outperform at RBC Capital.

AMAT (+0.8%), BIDU (+0.6%) and RP (-8.0%) are among notable tech names to report tonight after the close.

09:54 am Nvidia trades lower by over 4% following guidance

Nvidia (NVDA $15.46 -0.77) reported fourth quarter earnings of $0.26 per share, excluding non-recurring items, $0.02 better than the consensus of $0.24, while revenues rose 7.5% year/year to $953.2 million versus the $950.1 million consensus.

The company issued downside guidance for the first quarter with revenues of $900-930 million versus the 948.7 million consensus. Non-GAAP gross margin in Q4 was 52.5%, and the company guided first quarter on-GAAP gross margin at 48.5-50.5%.

09:51 am NetApp trades higher By Over 6% following earnings and guidance

NetApp (NTAP $42.41 +2.56) reported third quarter earnings of $0.58 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.58, while revenues rose 21.4% year/year to $1.57 billion versus the $1.56 billion consensus.

The company issued in-line guidance for the fourth quarter EPS of $0.60-0.65, excluding non-recurring items, versus the $0.63 consensus with revenues of $1.645-1.725 billion versus the $1.68 billion consensus.

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