| Author | Message | ||
     Jfh Moderator Username: Jfh Post Number: 553 Registered: 10-2003 |
....Another winner was Altera Corp., an integrated circuit maker, which reported that sales jumped 17 percent in the second quarter. The San Jose, Calif.-based company said full financial results will be available after a review of its stock-option grants is completed. It offered third-quarter sales guidance ahead of Wall Street estimates. Shares climbed 87 cents, or 5.3 percent, to 17.20 on the INET, after closing at $16.33 on the Nasdaq. | ||
| Jfh Moderator Username: Jfh Post Number: 289 Registered: 10-2003 |
Fri 7:32am ALTR Coverage initiated on Altera by Jefferies & Co - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 46 Registered: 10-2003 |
From MaketWatch: Altera Corp. shares (ALTR: news, chart, profile) rose 2.3% to $23.05 in moderate trading volume after reporting a profit of 18 cents a share on revenue of $285.5 million. The programmable-logic-chip manufacturer met the earnings estimates of analysts, who forecast a profit of 18 cents a share, and exceeded the consensus revenue estimate of $277 million. | ||
| Jfh Moderator Username: Jfh Post Number: 262 Registered: 10-2003 |
Shares of Altera (ALTR:Nasdaq - commentary - research) rose 1% after the chipmaker said that second-quarter sales would come in at the high end of its previously issued forecast. Previously, the company said it expected to grow sales by 4% to 5%. Analysts are expecting sales of $276.5 million, or sales growth of about 3%. "Sales of the company's newest products, Stratix II, Cyclone II, and Max II, are ramping strongly, reflecting excellent availability and strong customer acceptance," the company said. Shares were trading up 19 cents to $22.37. | ||
| Jfh Moderator Username: Jfh Post Number: 258 Registered: 10-2003 |
Altera (nasdaq: ALTR - news - people ) said it expects second-quarter sales at the high end of previously stated guidance. The stock was little changed in after-hours trading. Earlier today, J.P. Morgan Securities maintained an "overweight" rating on the stock. "Our checks indicate business at Altera is tracking to the high end of the company's expectations," it said. Citing improving business conditions, J.P. Morgan raised the second-quarter revenue estimate on Altera to $280 million from $275 million, but maintained the earnings-per-share estimate of 17 cents. The research firm said Altera's strength is due in part to share gains from its low-end programmable logic devices such as the Cyclone and MAX families. | ||
| Jfh Moderator Username: Jfh Post Number: 222 Registered: 10-2003 |
Tue 6:31am ALTR Altera upgraded by Banc of America Sec - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 148 Registered: 10-2003 |
Tue 6:36am ALTR Altera upgraded by UBS - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 147 Registered: 10-2003 |
SAN JOSE, Calif. (AP) -- Semiconductor maker Altera Corp. reported a 9 percent bump in first-quarter profit on Monday on similar revenue growth. The company earned $63.8 million, or 17 cents per share, up from $58.8 million, or 15 cents per share, a year earlier. Sales rose 9 percent to $264.8 million from $242.9 million as Altera's high-density Stratix and low-cost Cyclone products posted strong results. Analysts surveyed by Thomson Financial expected earnings of 15 cents per share on sales of $254.4 million. The company's results were helped by its 20 percent tax rate, lower than the 25 percent rate from a year ago. Altera said the rate was 1 percent lower than prior guidance. Altera shares rose 47 cents, or 2.4 percent, to $19.72 in after-hours trading. The stock closed up 24 cents at $19.25 on the Nasdaq. | ||
| Jfh Moderator Username: Jfh Post Number: 111 Registered: 10-2003 |
Wed 7:06am ALTR Altera upgraded by Merrill Lynch - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 61 Registered: 10-2003 |
Thu 6:31am ALTR Altera upgraded by JP Morgan - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 59 Registered: 10-2003 |
Altera (ALTR: news, chart, profile) said first-quarter sales will be $254.4 million, or 6 percent higher than the fourth quarter. It had earlier projected sales would only climb 1 to 3 percent. "Sales to customers in the communications market segment have rebounded more sharply than initially anticipated," the San Jose, Calif.-based company said in its midquarter update. | ||
| Jfh Moderator Username: Jfh Post Number: 46 Registered: 10-2003 |
Chipmakers Xilinx (nasdaq: XLNX - news - people ) and Altera (nasdaq: ALTR - news - people ) will each provide business updates for the current quarter. Xilinx will discuss its fourth-quarter outlook on March 8 after the close of trading. Consensus estimates call for earnings of 18 cents per share on $367 million in sales. Banc of America Securities expects in-line guidance from both companies but noted that it prefers Xilinx over Altera. Last month, Goldman Sachs raised 2005 and 2006 earnings-per-share estimates for Altera to 55 cents and 68 cents from 52 cents and 65 cents, respectively. "We maintain in-line on Altera given the stock's premium valuation and our expectation that earnings momentum will likely remain tepid in the near term due to general market choppiness, high turns requirement and potential overhang related to upcoming employee stock options expensing," it said. "However, we also recognize the premium fundamentals and attractive opportunities of Altera (and its programmable logic device brethren Xilinx), and we wouldn't necessarily advise against entry at these levels for longer-term investors." | ||
| Jfh Moderator Username: Jfh Post Number: 12 Registered: 10-2003 |
Fri 6:36am ALTR Coverage initiated on Altera by Robert W. Baird - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1680 Registered: 10-2003 |
Wed 9:42am ALTR Altera upgraded by Harris Nesbitt - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1675 Registered: 10-2003 |
Mon 7:48am ALTR Altera upgraded by Lehman Brothers - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1568 Registered: 10-2003 |
Interesting "TradingMarkets.com Three Stocks You Need To Know About For Friday Thursday December 9, 5:48 pm ET By Tsutae Kamada Altera (NasdaqNM:ALTR - News) warned that it would miss revenue estimates this quarter. The stock gapped down at the open, but it managed to close near the day's high. I bet some investors are regretting their sell decisions. I know it is not going to be easy to fill this big gap, but the stock has formed a bullish tail." | ||
| Jfh Moderator Username: Jfh Post Number: 1523 Registered: 10-2003 |
Tue 6:28am ALTR Coverage initiated on Altera by Bear Stearns - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1507 Registered: 10-2003 |
Thu 6:38am ALTR Altera upgraded by UBS - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1441 Registered: 10-2003 |
tommytwo, others agree: "Mon 7:19am ALTR Altera upgraded by Smith Barney Citigroup - Briefing.com " | ||
| Tommytwo Registered Member Username: Tommytwo Post Number: 132 Registered: 10-2003 |
Jfh I am of the opinion that over the long term, companies like AlTR and XLNX will increase their market share. My reasoning is the technology continues to advance so the power of their chips continues to increase making them more attractive. However the entry cost to creating new chips also increases, raising the bar to anyone creating custom chips. So only applications with huge volume potential will go on to create chips. For example, the IC project I am involved in today has over $1million price tag. It costs $800,000 for the masks ( hard tooling ). So the business model has to spread that cost over a very large production run to make any financial sense. The programmable chips naturally do that. Fewer applications can afford that kind of increasing tooling cost. | ||
| Jfh Moderator Username: Jfh Post Number: 1423 Registered: 10-2003 |
ALTR doing very well, doubles profit: http://www.thestreet.com/_yahoo/tech/kcswanson/10189260.html?cm_ven=YAHOO&cm_cat =FREE&cm_ite=NA | ||
| Jfh Moderator Username: Jfh Post Number: 1252 Registered: 10-2003 |
8:03AM Altera boosts share repurchase authorization 10 mln to possible 21.9 mln (ALTR) 19.42: | ||
| Jfh Moderator Username: Jfh Post Number: 1061 Registered: 10-2003 |
ALTR doing very well, down in the session in a horrible market, up after hours http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist= yhoo&guid=%7BF3B6CB50%2D17CF%2D452C%2DA83F%2D29B9130827AA%7D | ||
| Jfh Moderator Username: Jfh Post Number: 921 Registered: 10-2003 |
ALTR upgraded yesterday for the 15th time in a row | ||
| Jfh Moderator Username: Jfh Post Number: 683 Registered: 10-2003 |
Excellent numbers : http://biz.yahoo.com/rc/040421/tech_altera_earns_3.html |
