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Chartered Q3 Results (20th Oct 2006)
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billywows
Elite |
14-Aug-2006 10:30
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Chartered strong again today ...... so speculative, but spectacular too! Trade with care. |
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billywows
Elite |
13-Aug-2006 21:53
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Yup, Singaporegal .... here's y too below: Rival Dell (DELL - news - Cramer's Take), which has had some trouble lately due to aggressive pricing and weak demand, will take its earnings turn on Thursday. The computer maker said last month that it expects to post earnings of 21 cents to 23 cents a share, which was well below analysts' forecast at the time of 32 cents. Analysts have since ratcheted down their EPS expectation to an average of 22 cents, according to First Call. |
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singaporegal
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13-Aug-2006 21:39
Yells: "Female TA nut" |
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Dell may not be doing very well... their products are increasingly viewed as boring. Also, they are also now being sued in China for some false advertising thingy. |
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billywows
Elite |
13-Aug-2006 21:37
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The world-biggest PC manufacturer, DELL is reporting its Q2 earnings on 17th August next Thurday! Its reports will carry huge huge weight on the current weak PC market. If it is a positive reults, tech stocks should rocket after being so oversold since May. Watch out for it! |
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billywows
Elite |
12-Aug-2006 23:43
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Happy 25th Birthday to PCs .... imagining without them these days. "Computer firm IBM made technological history on 12 August 1981 with the announcement of a personal computer - the IBM 5150." ------------------------------------------------------------ The IBM PC turns 25 -- and no one cares
These days, we're all but married to our PCs. And if they were our spouses, on Saturday, we'd have to cough up something silver, since that day marks the PC's 25th anniversary. Unlike the PC's 20th anniversary five years ago, however, no one seems to be in a celebratory mood.
Intel and Microsoft, which hosted an event at the time to mark that occasion, are so totally over the PC. Intel is now supplying chips for Apple's Mac. Microsoft's new chief software architect, Ray Ozzie, has declared the beginning of the post-PC era. And IBM? IBM doesn't even make PCs anymore, having sold off the business to Lenovo last year. PC World manages a limp tribute to the computer that gave the magazine its name, but that's about all you'll find. Now, a Google PC? That would be interesting |
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billywows
Elite |
12-Aug-2006 23:11
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CSM going against the odds ..... think will spring some surprises by next month. Chips Emit Mixed Signals  By Alexei Oreskovic TheStreet.com Staff Reporter 8/11/2006 7:03 AM EDT The good news is that demand for chips did not collapse in the stifling heat of the slow-going summer months But while business chugged along for chipmakers in the second quarter, the outlook for the coming months -- typically the time of year when sales start to pick up -- is mixed at best. As a result, shares of semiconductor companies, which have been under pressure for several months, continue to get the cold shoulder from investors. The Philadelphia Stock Exchange Semiconductor Sector Index dipped to its 52-week low in mid-July, as the barrage of earnings reports hit its crescendo. But with the dust now settled on second-quarter results, the index has moved back to about where it stood going into earnings season: down roughly 14% for the year. "Our worst fears were not confirmed by the company earnings reports. Nor [was] the companies' guidance overall bullish enough to encourage [people] to race right back in," says Standard & Poor's semiconductor analyst Tom Smith. That leaves chip stocks in a sort of limbo. Short of a full-blown recession, the stocks have a great deal of trouble already priced into them, says Smith. But while many chipmakers currently trade at historically low valuations, there are scant signs of significant acceleration in the next six months. True, the second half of the year comprises the crucial back-to-school and holiday seasons, the calendar's twin engines of chip demand. But with macroeconomic issues still threatening to put the brakes on consumer spending and patches of excess chip inventory cropping up in different sectors of the industry, few chip-industry observers seem to hold hope for anything better than a seasonal outcome in the second half of the year. Some sectors of the chip industry are worse off than others. The PC microprocessor market is in the toilet. And Intel's (INTC - news - Cramer's Take) and Advanced Micro Devices' (AMD - news - Cramer's Take) talk of an "unusually competitive pricing environment" and declining unit shipments during the second quarter did nothing to make their shares more palatable to investors. Of course, many investors abandoned microprocessors long ago, as the depressed stock price of each company attests: AMD's stock is down 52% since February, while Intel's stock is hovering above a three-year low. Cell-Phone StrengthFor investors trying to gauge the health of the consumer-electronic markets, such as cell phones, the batch of second-quarter results offered mixed signals. Nokia (NOK - news - Cramer's Take) and Motorola (MOT - news - Cramer's Take), the two largest makers of cell-phone handsets, reported strong handset shipments in the second quarter and reaffirmed bullish projections for the entire year. This was good news for Texas Instruments (TXN - news - Cramer's Take), the world's No.1 supplier of chips for cell phones, which counts both companies as its biggest customers. TI reported strong second-quarter financial results, with sales of wireless chips up 27% year over year. On the manufacturing side, the outlook is not all rosy, either. Taiwan Semiconductor (TSM - news - Cramer's Take), the world's largest contract chip manufacturer, delivered a solid second quarter, but blamed high customer inventories for an expected sales decline during the current quarter. The guidance prompted Needham analyst Robert Maire to lower his rating on the company from a buy to a hold. "We have all been aware of inventory building in the channel, but our view was that this would have been absorbed by the fall selling season," wrote Maire in a note to investors. "We are now concerned that although the inventory is not high, that it still may take a longer period of time to burn off." Meanwhile, the latest forecast from one industry research firm now projects a major slowdown in the chip sector in 2007. Semico Research President Jim Feldhan says the firm has slashed its outlook for worldwide semiconductor revenue growth next year to between 3% and 4%, compared with its previous expectation of 18% growth. Feldhan attributes the bearishness to a variety of factors, including chipmakers' increased spending on manufacturing equipment combined with decreasing utilization rates at chip factories, implying that supply is running ahead of demand. "In this industry, you don't have to have too much excess capacity to throw ASPs into a tailspin," says Feldhan, referring to the average selling prices of semiconductors. While pricing pressure has, until now, been confined to certain segments of the chip industry, such as microprocessors and NAND flash, Semico expects significant price cuts throughout the chip industry in 2007. "If your supply and demand is out of equilibrium by 5% or 10%, that creates major problems with pricing," says Feldhan. It may not do wonders for chip stocks either. |
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billywows
Elite |
12-Aug-2006 16:27
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SINGAPORE (AP) - Singapore shares finished slightly higher Friday, recovering some of Thursday's losses stemming from news that British police had foiled a terrorist plot to blow up aircraft en route from the United Kingdom to the United States. The benchmark Straits Times index closed up 6.0 points, or 0.25 percent, at 2450.63. Volume was 900 million shares, compared with 465.3 million shares Thursday, when the index ended down 0.8 percent. The session's biggest gainer, Chartered Semiconductor, rallied 7.8 percent to 1.11 Singapore dollars after Credit Suisse adjusted its rating from neutral to outperform with a S$1.35 target price, and raised its profit estimate for 2007 to US$118.1 million, from US$60.4 million this year. Credit Suisse cited the company's rising customer base, better financial leverage and low stock valuation. Stats ChipPAC, which has common shareholders with Chartered, rallied 5.2 percent to end at 0.915 Singapore cents. |
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billywows
Elite |
12-Aug-2006 16:22
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Repost without the giant ads ........ Market Report -- Short Stories (CHRT) August 11, 2006 09:15:00 AM ET Chartered Semi: Credit Suisse resumes Outperform. Firm resumes coverage saying they believe that Chartered offers an improving customer base, better financial leverage through its shared R&D partnerships, revised expectations and valuation at the low end of its historical ranges. Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants. |
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billywows
Elite |
12-Aug-2006 00:29
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Sorry, guys ... forgotten to take out that huge ads. |
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billywows
Elite |
12-Aug-2006 00:24
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August 11, 2006 09:15:00 AM ET
Market Report -- Short Stories (CHRT)advertisementChartered Semi Credit Suisse resumes Outperform. Firm resumes coverage saying they believe that Chartered offers an improving customer base, better financial leverage through its shared R&D partnerships, revised expectations and valuation at the low end of its historical ranges. Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants |
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billywows
Elite |
12-Aug-2006 00:23
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August 11, 2006 09:15:00 AM ET
Market Report -- Short Stories (CHRT)advertisementChartered Semi Credit Suisse resumes Outperform. Firm resumes coverage saying they believe that Chartered offers an improving customer base, better financial leverage through its shared R&D partnerships, revised expectations and valuation at the low end of its historical ranges. Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants |
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billywows
Elite |
11-Aug-2006 23:42
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Positive extraction from Yahoo! message board of CHRT (a.k.a. CSM here) in US posted on 9th Aug. This guy who posted below is quite knowledgeable of CHRT biz in US so far. You may wish to check this board out though it's quiet recently. I have been posting in this Yahoo! board too to check the pulse in US by sharing CSM's Singapore news.
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no praying necessary. a lot of holders got spooked
when some negative stuff came out about AMD. Just sit tight, 2 more quarters of increasing revs and earnings will attract more believers. The whole tech sector has been szichophrenic, if you haven't noticed, too much money moving on stories still, but earnings can't be ignored and it really seems like CHRT has turned the corner. remember they are camped at IBM's semi facility and are right on the leading edge of 90,65 and 45 nm tech AND they are now negotiating directly with MSFT for Xbox 460 chips. thanks.... garce |
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billywows
Elite |
11-Aug-2006 23:06
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CSM's Q3 guidance update is scheduled on 06th September '06 - less than a month away .... should be a 'tricky' one. Its Nasdaq stock is trading up 3% now - taking a cue from today's good SGX performance. |
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billywows
Elite |
11-Aug-2006 22:47
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Below posted by Nostradamus today at 22.15pm extracted from "Chartered Q2 Views". Lets discuss its Q3 view here from now - if there's any comments (positive or negative) . Its Q3 earnings should be announced on 20th October '06 if I guess correct. ------------------------------------ CSFB has a price target of $1.35. CSM's customer base is strengthening with a move towards 65nm chips. Its common platform R&D sharing with IBM, Samsung and Infineon is allowing it to realise greater revenue scale with no incremental spending. Operating expenses have remained in the US$60m/quarter range since 2000, despite quarterly revenues 15% above 2000 levels and 100% above the 1Q05 bottom. At the same time, more managed spending and shared investment is driving positive cash flow for the first time since 1999. It's trading near the bottom of its historic trading ranges at 1.6x EV/sales (vs historical 1.6-3.0x range) and 1.15x P/B (vs 1.0-2.0x range). CSFB thinks that downside impact of further Xbox cuts and execution (15% downside to trough) is limited relative to upside potential from new customer programmes in 2007 (30-60% potential upside). |
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