Market Currents

• Thursday, November 19, 2009

• 10:48 AM BofA Merrill downgrades eight chip stocks, noting inventory levels will soon overshoot demand, increasing the risk of a supply chain correction. Downgraded to Neutral: Intel (INTC -5.5%), LSI Logic (LSI -3.9%), Marvell Tech (MRVL -6.6%) and TI (TXN -3.6%). Cut to Underperform: Microchip Tech (MCHP -5.1%), Maxim Integrated (MXIM -5.3%), National Semi (NSM -6%) and Power Integrations (POWI -4.1%). Comment!

• Thursday, October 29, 2009

• 16:17 PM Maxim Integrated Products (MXIM): FQ1 EPS of $0.13 beats by $0.01. Revenue of $449M (-12%) vs. $438M. Shares -1% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: AB, BMC, BYI, CLF, DTE, ELY, GNW, HTZ, IM, KLAC, LVS, MET, MFE, MHK, MTW, MXIM, PKI, POM, RGC, RNWK, SBAC, SPF, STAR, SWN, VAR Comment!

• Thursday, August 6, 2009

• 16:19 PM Maxim Integrated Products (MXIM): FQ4 EPS of $0.11 beats by $0.10. Revenue of $395M (-21%) vs. $368M. Sees Q1 revenue of $415M-445M vs. $388M. Shares +0.9% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: AGO, ALKS, BZH, CBS, CROX, CSC, DCT, ELX, EOG, HANS, HURN, IPI, LEAP, MCHP, ME, MXIM, NVDA, POM, PSA, ROVI, SAPE, SD, SQNM, VRSN, WR Comment!

• Tuesday, July 7, 2009

• 06:39 AM Merrill Lynch raises its view on the semiconductor sector, forecasting 21% revenue growth in 2010 vs. 14%. Upgrades Intel (INTC), Marvell (MRVL), LSI (LSI) to Buy, and Maxim Integrated Products (MXIM), National Semiconductor (NSM) to Neutral. INTC +0.8% premarket. Comment!

• Thursday, April 30, 2009

• 15:10 PM Notable earnings after Thursday's close: ACS, ARBA, BGC, BMRN, CPT, CQB, DLB, ESLR, FISV, FR, HIG, IDTI, IM, MET, MFE, MTW, MXIM, PKI, QLGC, RSG, TEG, VSEA, XRAY
    Comment!
• 00:10 AM Notable earnings after Thursday's close: ACS, ARBA, BGC, BMRN, CPT, CQB, DLB, ESLR, FISV, FR, HIG, IDTI, IM, MET, MFE, MTW, MXIM, PKI, QLGC, RSG, TEG, VSEA, XRAY
    Comment!

• Thursday, January 29, 2009

• 16:15 PM Maxim Integrated Products (MXIM): FQ2 EPS of $0.14 beats by $0.10. Revenue of $411M (-18.1%) in-line. Sees FQ3 revenue of $290-$330M vs. $367M. Shares -1.3%. (PR) Comment!
• 15:10 PM Notable earnings after Thursday's close: ACF, AMZN, ARBA, BRCM, CA, CB, EMN, IDTI, INFA, JNPR, KLAC, MCHP, MXIM, PKI, PMCS, QTM, RMBS, SPWRA, VAR, VSEA, WMS Comment!
• 00:10 AM Notable earnings after Thursday's close: ACF, AMZN, ARBA, BRCM, CA, CB, EMN, IDTI, INFA, JNPR, KLAC, MCHP, MXIM, PKI, PMCS, QTM, RMBS, SPWRA, VAR, VSEA, WMS Comment!

• Tuesday, December 9, 2008

• 14:10 PM Chipmakers shrug off TI's (TXN) warning, leaving us to wonder: Are chips done with dips? NSM +11%. BRCM +8%. MXIM +7%. ISIL +7%. TXN +3.8%. INTC +2.15%. 1 Comment