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Thursday, May 2, 7:50 AM Ceva (CEVA): Q1 EPS of $0.13 misses by $0.02. Revenue of $12.1M (-20% Y/Y) misses by $0.48M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, May 2, 12:05 AM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
Wednesday, May 1, 5:30 PM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
Wednesday, January 30, 12:45 PM Midday top 10 gainers: MERU +40%. CWBC +21%. BIOC +19%. MGAM +17%. FSL +17%. HTCH +17%. DLHC +17%. CPNO +14%. USAK +14%. IBCP +14%.
Midday top 10 Losers: VTUS -21%. KTCC -18%. MTOR -16%. HA -13%. ATTU -12%. CODE -12%. CEVA -12%. AUDC -11%. TRMD -10%. UPI -9%. 3 Comments [On the Move]
Wednesday, January 30, 11:55 AM Ceva (CEVA -14.3%) tanks after providing light Q1 guidance - revenue of $12M-$13M and EPS of $0.13-$0.15 vs. a consensus of $14M and $0.22 - to go with an in-line Q4. The DSP core/SoC licensing firm is suffering from declining sales of 2G phones that rely on baseband chips featuring Ceva's IP, as well as lower ASPs for those chips.Ceva, which has licensed its designs to Intel, Broadcom, Spreadtrum, and ST-Ericsson, is counting on 3G/4G smartphone sales to fuel a 2H royalty rebound. Comment! [Tech, On the Move, Earnings]
Wednesday, January 30, 7:06 AM Ceva (CEVA): Q4 EPS of $0.19 in-line. Revenue of $13M (-19% Y/Y) misses by $0.01M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, January 30, 12:05 AM Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC Comment! [Earnings]
Tuesday, January 29, 5:30 PM Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC Comment! [Earnings]
Monday, December 17, 2012, 9:41 AM It looks like the bidding war is finally over. MIPS (MIPS +0.9%) and Imagination (IGNMF.PK) have again agreed to a revised purchase price for MIPS' CPU core business. This time it comes in at $100M, up from last week's $80M and November's $60M. CEVA (CEVA -1%), which made a $90M offer 6 days ago, says it will refrain from further bids. MIPS' total consideration for its asset sales now stands at $7.94/share. Comment! [Tech, M&A]
Monday, December 10, 2012, 4:00 PM Imagination Tech (IGNMF.PK) will now be paying MIPS (MIPS +1.2%) $80M to buy what will remain of it (i.e. its CPU core business) following a patent sale. Imagination's new offer trumps a $75M bid from CEVA (CEVA -0.3%), which in turn was above Imagination's original $60M offer. ARM (ARMH) would probably prefer that CEVA acquire what passes for its largest CPU core rival, rather than GPU core leader Imagination. MIPS' total proceeds from the two sales now stand at $7.64/share. (PR) 2 Comments [Tech, M&A]
Tuesday, November 20, 2012, 5:11 PM MIPS has resumed trading following news of CEVA's offer for its CPU core licensing business, and is currently up 5% AH. That translates into nearly a $20M increase in market cap even though the difference between CEVA and Imagination's (IGNMF.PK) offers is only $15M. The Street seems to think a bidding war is on the way. 1 Comment [Tech, On the Move, M&A]
Tuesday, November 20, 2012, 4:44 PM MIPS discloses it has received an unsolicited bid from CEVA to acquire what will remain of the company after a patent sale to an ARM-led consortium is finished for $75M in cash. That trumps a $60M offer from GPU core developer Imagination (IGNMF.PK). MIPS' board is evaluating the offer. If CEVA's offer wins out, MIPS' CPU core business would complement CEVA's DSP core business, and could also yield synergies for its chip platform business. MIPS halted. CEVA -0.6% AH. (PR) 2 Comments [Tech, On the Move, M&A]
Thursday, November 1, 2012, 9:31 AM CEVA (CEVA): Q3 EPS of $0.16 misses by $0.01. Revenue of $12M (-19% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Friday, August 31, 2012, 12:20 PM Will MIPS' (MIPS +3.8%) efforts to find a buyer soon bear fruit? Benchmark's Gary Mobley thinks so: he claims a meeting with management left him remaining confident the CPU core developer/patent holder's "assets will be broken up and sold within the next four months." Mobley, who has a $10 PT, sees U.K.-based graphics core developer Imagination (IGNMF.PK) as the most logical buyer, but thinks a bid from ARM (ARMH), CEVA, or Synopsys (SNPS) is also possible. Comment! [Tech, On the Move, M&A, Quick Ideas]
Tuesday, July 31, 2012, 7:46 AM CEVA (CEVA): Q2 EPS of $0.19 beats by $0.02. Revenue of $13.6M (-5.6% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Wednesday, May 2, 2012, 2:45 PM Ceva (CEVA -18.3%), a developer of DSP cores used in mobile baseband chips from Broadcom, Intel, and others, is making new 52-week lows after issuing soft guidance to go with its Q1 beat. The company now expects 2012 revenue of $57.2M-$61.2M and EPS of $0.87-$0.99, below a consensus of $63.8M and $1.02. Ceva blames the impact of Nokia's plunging market share, which has also taken a toll on Texas Instruments' (TXN) chip sales. Comment! [Tech, On the Move]

CEVA CEVA, Inc.

CEVA

CEVA, Inc.