Edited by ogm, 20 July 2007 - 06:08 AM.
SOX is going to the moon ?
Started by
ogm
, Jul 20 2007 06:07 AM
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#1
Posted 20 July 2007 - 06:07 AM
Though weasly BRCM is forecasting a "recovery" ... yeah, right.
Looking to short it on this pop.
BRCM :
NEW YORK, July 19 (Reuters) - Chip maker Broadcom Corp. (BRCM.O: Quote, Profile, Research) posted a lower second-quarter profit on Thursday on weakness in its cable modem and wireless business, but forecast a recovery, helping to boost its shares.
The maker of chips for everything from digital music players and television set-top boxes to mobile phones, said profit fell to $34.3 million, or 6 cents per share, in the second quarter, from $106.1 million, or 18 cents a share, in the year-ago quarter.
Revenue fell 4.6 percent to $897.9 million. Analysts on average had expected revenue of $900.57 million, according to Reuters Estimates.
Broadcom Chief Executive Scott McGregor said recovery would be helped by growth in bluetooth wireless and digital television products. ---- IN YOUR DREAMS.
XLNX :
SAN JOSE, Calif. (AP) -- Programmable chipmaker Xilinx Inc. said Thursday second-quarter revenue may fall short of current Wall Street estimates.
The company expects sales for the second quarter to range from flat to down sequentially from first-quarter sales of $445.9 million.
Analysts expect, on average, second-quarter sales of $459.1 million, according to a Thomson Financial survey.
The company said it will provide a second-quarter update on Thursday, Sept. 6.
Shares of Xilinx traded at $27.75 in the after-hours session, down 95 cents, or 3.3 percent, from Thursday's closing price of $28.70.
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By the way, QCOM losing some business to BRCM, so BRCM may pop a little more here, I think its time to short QCOM too.