OVTI - News and Analysis from Seeking Alpha 'OVTI' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/symbol/ovti OmniVision: Can It Reverse the Downward Trend? http://seekingalpha.com/article/169641-omnivision-can-it-reverse-the-downward-trend?source=feed 169641 OmniVision Technologies (OVTI) has seen its stock price decline roughly 40% since mid-September. Can we expect things to turn around?

Background --

]]> Wed, 28 Oct 2009 17:08:39 -0400 Trade Radar Operator Trade Radar Operator submits:

OmniVision Technologies (OVTI) has seen its stock price decline roughly 40% since mid-September. Can we expect things to turn around?

Background --


Complete Story »]]> AAPL CSCO MSFT OVTI STAR Trade Radar Operator 19 'Babies with Bathwater' and 1 'Dog with Fleas' Stocks for the Week http://seekingalpha.com/article/168732-19-babies-with-bathwater-and-1-dog-with-fleas-stocks-for-the-week?source=feed 168732 At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)

]]> Mon, 26 Oct 2009 03:15:09 -0400 J Clinton Hill J Clinton Hill submits:

At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)


Complete Story »]]> CPA CRZO DLX ELN ENP EXP HITK HLS HTCH JEF KIRK OREX OVTI RVBD SCSC SGMO SKYW SMP SMSI SPWRA J Clinton Hill 7 'Babies with Bathwater' and 16 'Dogs with Fleas' Stocks for the Week http://seekingalpha.com/article/167220-7-babies-with-bathwater-and-16-dogs-with-fleas-stocks-for-the-week?source=feed 167220 At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)

]]> Mon, 19 Oct 2009 05:43:08 -0400 J Clinton Hill J Clinton Hill submits:

At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)


Complete Story »]]> ASCA CBEY CRAI CTRN HLX HOS HTCH HWAY LAD MCRS MMSI MTU MYE OVTI PLCE POT PSO RDS.B RMG RODM SII SYT ZUMZ J Clinton Hill Option Traders: Mixed Outlook for Key Semiconductor Earnings http://seekingalpha.com/article/166154-option-traders-mixed-outlook-for-key-semiconductor-earnings?source=feed 166154 This week will prove to be an important week for the Semiconductors (SMH), a group that has shown leadership through much of the rally. This week we will see earnings from a few key names including ASML Holding (ASML), Xilinx (XLNX), Altera (ALTR), Intel (INTC), Linear Tech (LLTC), Fairchild Semi (FCS), Advanced Micro (AMD), and Cypress Semi (CY).

It could prove to be a challenge beating investor expectations this quarter after many of the firms raised guidance back in early September (SkyWorks (SWKS), Texas Instruments (TXN), MicroChip (MCHP), Xilinx, and Altera), and with shares trading at 52 week highs for many of the semiconductors, we could see profit taking post-earnings.

]]> Tue, 13 Oct 2009 05:55:33 -0400 Joe Kunkle Joe Kunkle submits:

This week will prove to be an important week for the Semiconductors (SMH), a group that has shown leadership through much of the rally. This week we will see earnings from a few key names including ASML Holding (ASML), Xilinx (XLNX), Altera (ALTR), Intel (INTC), Linear Tech (LLTC), Fairchild Semi (FCS), Advanced Micro (AMD), and Cypress Semi (CY).

It could prove to be a challenge beating investor expectations this quarter after many of the firms raised guidance back in early September (SkyWorks (SWKS), Texas Instruments (TXN), MicroChip (MCHP), Xilinx, and Altera), and with shares trading at 52 week highs for many of the semiconductors, we could see profit taking post-earnings.


Complete Story »]]> ALTR AMAT ATHR BRCM INTC ISIL LLTC LRCX MCHP OVTI SMH SWKS TXN XLNX Joe Kunkle 20 'Babies with Bathwater' and 3 'Dogs with Fleas' Stocks for the Week http://seekingalpha.com/article/164870-20-babies-with-bathwater-and-3-dogs-with-fleas-stocks-for-the-week?source=feed 164870 At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)

]]> Mon, 05 Oct 2009 13:55:36 -0400 J Clinton Hill J Clinton Hill submits:

At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)


Complete Story »]]> AIR BRKR CHBT CYOU FACT FCS HRP ISIL LAD LCAV MEI MOV NSM OVTI PC RBS RFMD ROCK SDTH SDXC SMSC WINN XRX J Clinton Hill Is the Handset Business Looking Up? http://seekingalpha.com/article/159892-is-the-handset-business-looking-up?source=feed 159892 Is the Street suddenly feel better about the prospects for the handset business?

There are hints in Thursday’s stock action.

]]> Thu, 03 Sep 2009 16:31:54 -0400 Eric Savitz Eric Savitz (Barron's) submits:

Is the Street suddenly feel better about the prospects for the handset business?

There are hints in Thursday’s stock action.


Complete Story »]]> MOT NOK OVTI RFMD SWKS Eric Savitz Omnivision Technologies Q1 2010 Earnings Call Transcript http://seekingalpha.com/article/158740-omnivision-technologies-q1-2010-earnings-call-transcript?source=feed 158740 Omnivision Technologies (OVTI)

Q1 2010 Earnings Call

August 27, 2009 5:00 pm ET

]]> Thu, 27 Aug 2009 22:05:42 -0400 Omnivision Technologies (OVTI)

Q1 2010 Earnings Call

August 27, 2009 5:00 pm ET


Complete Story »]]> OVTI Omnivision Technologies: What Do the Shorts Know? http://seekingalpha.com/article/158025-omnivision-technologies-what-do-the-shorts-know?source=feed 158025 Omnivision Technologies (OVTI) is a semiconductor company which designs, develops, and markets image-sensor devices. Its CameraChip image sensors capture and process images, helping to convert an image or video stream onto such consumer applications such as cellphones and laptops.

Since its stock topped out in late 2007, the company has been struggling to right the ship and to get its business back on track. After researching OVTI during the past week, we feel their business has turned for the better and this will be confirmed when earnings are released next Thursday.

]]> Mon, 24 Aug 2009 17:21:08 -0400 The Inflection Point Omnivision Technologies (OVTI) is a semiconductor company which designs, develops, and markets image-sensor devices. Its CameraChip image sensors capture and process images, helping to convert an image or video stream onto such consumer applications such as cellphones and laptops.

Since its stock topped out in late 2007, the company has been struggling to right the ship and to get its business back on track. After researching OVTI during the past week, we feel their business has turned for the better and this will be confirmed when earnings are released next Thursday.


Complete Story »]]> OVTI The Inflection Point Cramer's Lightning Round - Too Late to Buy Intuitive Surgical (7/24/09) http://seekingalpha.com/article/151335-cramer-s-lightning-round-too-late-to-buy-intuitive-surgical-7-24-09?source=feed 151335 Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday July 24.

Bullish Calls:

Omnivision Technologies (OVTI): "...in the sweet spot...is up alot...the fundamentals are strong, because of Mobile Internet...the theme for the next 3 years."

]]> Sun, 26 Jul 2009 05:32:22 -0400 SA Editor Miriam Metzinger Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday July 24.

Bullish Calls:

Omnivision Technologies (OVTI): "...in the sweet spot...is up alot...the fundamentals are strong, because of Mobile Internet...the theme for the next 3 years."


Complete Story »]]> ISRG OVTI PWR VBI SA Editor Miriam Metzinger OmniVision Technologies, Inc. F4Q09 Earnings Call Transcript http://seekingalpha.com/article/140247-omnivision-technologies-inc-f4q09-earnings-call-transcript?source=feed 140247 OmniVision Technologies, Inc. (OVTI)

F4Q09 Earnings Call

May 28, 2009 5:00 pm ET

]]> Thu, 28 May 2009 22:19:34 -0400 OmniVision Technologies, Inc. (OVTI)

F4Q09 Earnings Call

May 28, 2009 5:00 pm ET


Complete Story »]]> OVTI Wall Street Breakfast: Must-Know News http://seekingalpha.com/article/123142-wall-street-breakfast-must-know-news?source=feed 123142

  • Citi deal calls for investor participation. Sources say the U.S. is ready to take a major stake in Citigroup (C), and expect the deal to be announced this morning. In addition to substantially increasing its stake in the troubled institution, the government will also require Citigroup to overhaul its board of directors so that a majority of directors are independent. CEO Vikram Pandit is expected to keep his job. According to terms being finalized late last night, the Treasury will convert its stake only to the extent that Citi can persuade private investors to do so as well; the Treasury will match private investors' conversions dollar-for-dollar up to $25B. The Treasury's stake is expected to rise to up to 40% of Citigroup.
    Update: Citi confirmed the deal at 7:00 a.m. U.S. gov't to match private equity in exchanging up to $25B (for gov't and max. of $27.5B private) of its preferred stock to common shares at $3.25/share - increasing Citi's TCE (tangible common equity) to as much as $81B from $29.7B. Full conversion would result in gov't owning 36% of C and existing shareholders owning 26%. Any non-matched preferreds will convert to new preferreds at 8% coupon. Citi also announced a Q4 impairment charge of $9.6B (it had previously said this was under review).
  • Aid for auto-parts suppliers. The White House is reportedly looking for ways to help struggling auto-parts suppliers, possibly by creating a lending facility to distribute aid to hundreds of companies. Sources say it would be difficult for the Treasury to administer loans directly because there are so many suppliers, so any aid plan would be contingent on finding a mechanism to streamline and centralize the process. Two groups, the Original Equipment Suppliers Association and the Motor Vehicle & Equipment Manufacturers Association, have already requested about $18.5B in aid.
  • Yahoo hits refresh. CEO Carol Bartz unveiled her reorganization plan for Yahoo (YHOO). Trying to simplify Yahoo's management structure, various technology and product groups will be combined into one unit led by Chief Technology Officer Ari Balogh. The company will divide the world into two regions - North America and International - instead of four. The new organization, which aims to make speedier decisions and put a renewed focus on the customer, centralizes power and control around Bartz. Separately, CFO Blake Jorgensen became the latest executive to announce he is leaving Yahoo. (Read Bartz's blog post about the changes)
  • FDIC poised to fatten fees. The FDIC is expected to more than double the fees it charges banks in an effort to refill the coffers of its deposit insurance fund. The move will protect consumers by bulking up the FDIC's reserves in the event of bank failures, but some government officials worry already-fragile banks won't be able to shoulder the extra costs and have urged the FDIC to explore other ways to replenish the fund. As of the end of Q4, the FDIC had $18.8B in its deposit-insurance fund to protect around $4.8T in insured deposits. Fourteen banks have already failed in 2009, bringing the total to 35 since July, while 252 banks were on the government's 'problem list' at the end of Q4 vs. 171 in Q3.
  • Budget blues. Obama's budget will cost a whopping $3.6T over the next ten years. It projects a $1.75T deficit which, at 12.3% of GDP, is the highest level since World War II. Among the expenditures, $634B has been earmarked to expand healthcare, $750B of new money was set aside for bank bailouts, and $75B is for Iraq and Afghanistan through this fall. Obama called the budget "an honest accounting of where we are," and wants to "go through the books page by page, line by line" to cut unnecessary or inefficient programs. (Policy wonks who want to read all 146 pages of the budget overview can find it here.)
  • NY AG demands Merrill bonus list. New York Attorney General Andrew Cuomo has subpoenaed Bank of America (BAC) CEO Ken Lewis to provide the names of Merrill Lynch employees who received 2008 bonuses and how much they received. Lewis testified for around four hours yesterday, and said he had answered questions "to the best of my knowledge and hopefully brought some clarity." Cuomo's office said it was 'very disappointed' Lewis hasn't yet produced the list despite multiple requests.
  • Massive losses hit Fannie. Fannie Mae (FNM) reported a Q4 loss of $25.23B, or $4.47/share, its sixth consecutive quarterly loss (see earnings details below). The mortgage giant's net worth fell below zero at the end of the quarter, forcing the company to request government funding. Fannie will draw more than $15B of assistance from the Treasury, and expects "the market conditions that contributed to our net loss for each quarter of 2008 to continue and possibly worsen in 2009, which is likely to cause further reductions in our net worth."
  • Profits drop at Dell. Dell's (DELL) quarterly profit fell by nearly half to $351M from $679M the year before (see earnings details below). The company said it expects demand to remain weak in the coming months amid a 'very challenging' economy. Dell, which has experienced a prolonged slump, will raise its cost-cutting target by $1B to a total of $4B by 2011.
  • Deutsche Telekom surprises with loss. Deutsche Telekom (DT) reported a surprise Q4 loss of €730M ($920M) on an impairment charge vs. consensus of a €763M profit. The dividend was held at €0.78, unchanged from last year. Revenue rose to €16.1B from €15.9B the year earlier. Europe’s biggest telephone company, Deutsche Telekom will overhaul its structure and management to cut costs and increase its market share. Its fixed-line and mobile-phone operations will be combined into one unit. Timotheus Hoettges will replace Karl-Gerhard Eick as finance chief; Eick said in December he plans to leave before his term ends.
  • Durable goods decrease. Durable Goods Orders fell 5.2% ($9.0B) in January, markedly worse than consensus of -2.5%. Inventories decreased 0.8% ($2.8B) to $340.7B. Shipments were down 3.7% ($6.9B) to $183.1B following December's 1.5% dip.
  • Jobless claims surge. Initial Jobless Claims surged to 667,000 this week from 631,000 (revised) last week - far more than the 625,000 economist consensus. Continuing claims jumped above 5M to 5,112,000 - up 114,000. This week's jobless claims is the highest since 695,000 Americans applied for unemployment assistance in October 1982. The insured unemployment rate of 3.8% (up from 3.7% last week) is the highest since July 1983.
  • Home sales fall. New home sales in January fell 10.2% to 309,000 from December, short of the expected 330,000. Dec. was revised to 344,000 from 331,000. Median price was $201,100. At the current sales rate, there's 13.3 months of supply.

Earnings: Friday Before Open

  • Interpublic Group (IPG): Q4 EPS of $0.39 beats by $0.10. Revenue of $1.9B (-4.1%) in-line. "While meeting our 2008 financial objectives is gratifying, the latter part of the fourth quarter and the early part of 2009 have begun to show the negative effect that the broader economic situation is having on the marketing services sector." (PR)

Earnings: Thursday After Close

  • AES (AES): Q4 EPS of $0.18 misses by $0.06. Revenue of $3.54B (-3.1%) vs. $3.65B. Sees 2009 EPS of $0.97-1.07 vs. $1.10. (PR)
  • Autodesk (ADSK): Q4 EPS of $0.31 beats by $0.10. Revenue of $490M (-18.2%) vs. $484M. Sees Q1 EPS of flat to $0.12 vs. $0.27 consensus and revenue of $400-440M vs. $472M. Shares -2.1% AH. (PR)
  • CommScope (CTV): Q4 EPS of $0.55 beats by $0.02. Revenue of $862M (-18.9%) vs. $867M. Sees Q1 revenue of $720-770M vs. $823M. (PR)
  • Covanta (CVA): Q4 EPS of $0.22 misses by $0.03. Revenue of $414M (+4.8%) vs. $410M. Sees 2009 EPS of $0.75-0.90 vs. $0.93. Shares -6.5% AH. (PR)
  • Dell (DELL): Q4 EPS of $0.18 ($0.29 ex-items) vs. consensus of $0.26. Revenue of $13.43B vs. $14.18B. Raises 2011 cost-reduction goal to $4B from $3B. "Global IT end-user demand will continue to be uncertain and challenging." Shares +1.8% AH. (PR)
  • Fannie Mae (FNM): Q4 loss of $25.23B ($4.47/share) on revenue of $5.64B. Results include $12.3B in net fair value losses, credit-related expenses of $12B, and a $4.6B writedown on the value of its mortgage-backed securities. Asks gov't for $15.2B in aid. "We expect the market conditions that contributed to our net loss for each quarter of 2008 to continue and possibly worsen in 2009, which is likely to cause further reductions in our net worth."(PR)
  • Gap (GPS): Q4 EPS of $0.34 beats by $0.02. Revenue of $4.08B (-12.7%) in-line. Sees net square footage down 2% in 2009. Shares -2.5% AH. (PR)
  • Geron (GERN): Q4 EPS of -$0.22 misses by $0.01. Revenue of $0.5M (+88.5%) vs. $0.7M. Shares +0.2% AH. (PR)
  • Hansen Natural (HANS): Q4 EPS of -$0.25 vs. consensus of $0.42. Revenue of $254.4M (+3.2%) vs. $243.7M. (PR)
  • Human Genome Sciences (HGSI): Q4 EPS of -$0.41 beats by $0.07. Revenue of $12.9M (+3.2%) vs. $12.3M. Sees 2009 revenue of $250M vs. $223M. Shares +3.6% AH. (PR)
  • Kohl's (KSS): Q4 EPS of $1.10 beats by $0.07. Revenue of $5.2B in-line. Same-store sales fell 9.1%. Sees Q! EPS of $0.27-0.34 vs. $0.35 and full-year EPS of $2.00-2.30 vs. $2.40. Shares -4.1% AH. (PR)
  • Leap Wireless (LEAP): Q4 EPS of -$0.81 beats by $0.02. Revenue of $519M (+20.7%) vs. $543M. Shares +0.9% AH. (PR)
  • Novell (NOVL): FQ1 EPS of $0.07 beats by $0.01. Revenue of $215M (-6.9%) vs. $230M. Shares +3% AH. (PR)
  • OmniVision Technologies (OVTI): FQ3 EPS of -$0.24 misses by $0.08. Revenue of $80M (-64.4%) vs. $89.8M. Shares -16.8% AH. (PR)
  • Public Storage (PSA): Q4 FFO of $1.49 beats by $0.21. Revenue of $333M (+1.6%) vs. $415M. Shares -4.6%. (PR)
  • Republic Services (RSG): Q4 EPS of $0.41 misses by $0.03. Revenue of $1.24B (+56.3%) vs. $1.81B. Sees 2009 EPS of $1.70-1.75 vs. $1.93. (PR)
  • SandRidge Energy (SD): Q4 EPS of $0.06 beats by $0.05. Revenue of $201M (-7%) vs. $250M. Shares -0.5% AH. (PR)
  • SBA Communications (SBAC): Q4 EPS of $0.02 beats by $0.13. Revenue of $134.4M (+23.4%) vs. $128.3M. (PR)
  • Scientific Games (SGMS): Q4 EPS of $0.18 misses by $0.06. Revenue of $264M (-1.5%) vs. $280M. (PR)
  • Senior Housing Properties Trust (SNH): Q4 FFO of $0.43 in-line. Revenue of $72.9M (+37.3%) vs. $63.7M. (PR)
  • Sotheby's (BID): Q4 EPS of -$0.13 vs. consensus of $0.20. Revenue of $166.2M (-51.9%) vs. $177.9M. "For the first nine months of 2008, our aggregate auction sales were at record levels. But from October onwards, virtually every auction around the world experienced declines." (PR)
  • Southwestern Energy (SWN): Q4 EPS of $0.30 misses by $0.02. Revenue of $500M (+24.2%) vs. $540M. Shares -1.9% AH. (PR)

Today's Markets

  • Japan closed off the week with strength even as the rest of Asia saw red. Nikkei +1.48% to 7,568. Hang Seng -0.65% to 12,812. Shanghai -1.81% to 2,083. BSE -0.71% to 8,892.
  • In Europe, stocks opened down and have traded in a range. At midday: London -1.9%. Paris -1.5%. Frankfurt -2%.
  • U.S. stock futures have edged lower overnight in a light-volume session. Dow -0.4% to 7150. S&P -0.5% to 748.50. Nasdaq -0.5%. 30-year bond +0.14%. Crude -2.9% to $43.92. Gold +0.6% to $948.

Friday's Economic Calendar

Seeking Alpha editor Eli Hoffmann contributed to this post.

]]> Fri, 27 Feb 2009 07:15:52 -0500 SA Editor Rachael Granby

  • Citi deal calls for investor participation. Sources say the U.S. is ready to take a major stake in Citigroup (C), and expect the deal to be announced this morning. In addition to substantially increasing its stake in the troubled institution, the government will also require Citigroup to overhaul its board of directors so that a majority of directors are independent. CEO Vikram Pandit is expected to keep his job. According to terms being finalized late last night, the Treasury will convert its stake only to the extent that Citi can persuade private investors to do so as well; the Treasury will match private investors' conversions dollar-for-dollar up to $25B. The Treasury's stake is expected to rise to up to 40% of Citigroup.
    Update: Citi confirmed the deal at 7:00 a.m. U.S. gov't to match private equity in exchanging up to $25B (for gov't and max. of $27.5B private) of its preferred stock to common shares at $3.25/share - increasing Citi's TCE (tangible common equity) to as much as $81B from $29.7B. Full conversion would result in gov't owning 36% of C and existing shareholders owning 26%. Any non-matched preferreds will convert to new preferreds at 8% coupon. Citi also announced a Q4 impairment charge of $9.6B (it had previously said this was under review).
  • Aid for auto-parts suppliers. The White House is reportedly looking for ways to help struggling auto-parts suppliers, possibly by creating a lending facility to distribute aid to hundreds of companies. Sources say it would be difficult for the Treasury to administer loans directly because there are so many suppliers, so any aid plan would be contingent on finding a mechanism to streamline and centralize the process. Two groups, the Original Equipment Suppliers Association and the Motor Vehicle & Equipment Manufacturers Association, have already requested about $18.5B in aid.
  • Yahoo hits refresh. CEO Carol Bartz unveiled her reorganization plan for Yahoo (YHOO). Trying to simplify Yahoo's management structure, various technology and product groups will be combined into one unit led by Chief Technology Officer Ari Balogh. The company will divide the world into two regions - North America and International - instead of four. The new organization, which aims to make speedier decisions and put a renewed focus on the customer, centralizes power and control around Bartz. Separately, CFO Blake Jorgensen became the latest executive to announce he is leaving Yahoo. (Read Bartz's blog post about the changes)
  • FDIC poised to fatten fees. The FDIC is expected to more than double the fees it charges banks in an effort to refill the coffers of its deposit insurance fund. The move will protect consumers by bulking up the FDIC's reserves in the event of bank failures, but some government officials worry already-fragile banks won't be able to shoulder the extra costs and have urged the FDIC to explore other ways to replenish the fund. As of the end of Q4, the FDIC had $18.8B in its deposit-insurance fund to protect around $4.8T in insured deposits. Fourteen banks have already failed in 2009, bringing the total to 35 since July, while 252 banks were on the government's 'problem list' at the end of Q4 vs. 171 in Q3.
  • Budget blues. Obama's budget will cost a whopping $3.6T over the next ten years. It projects a $1.75T deficit which, at 12.3% of GDP, is the highest level since World War II. Among the expenditures, $634B has been earmarked to expand healthcare, $750B of new money was set aside for bank bailouts, and $75B is for Iraq and Afghanistan through this fall. Obama called the budget "an honest accounting of where we are," and wants to "go through the books page by page, line by line" to cut unnecessary or inefficient programs. (Policy wonks who want to read all 146 pages of the budget overview can find it here.)
  • NY AG demands Merrill bonus list. New York Attorney General Andrew Cuomo has subpoenaed Bank of America (BAC) CEO Ken Lewis to provide the names of Merrill Lynch employees who received 2008 bonuses and how much they received. Lewis testified for around four hours yesterday, and said he had answered questions "to the best of my knowledge and hopefully brought some clarity." Cuomo's office said it was 'very disappointed' Lewis hasn't yet produced the list despite multiple requests.
  • Massive losses hit Fannie. Fannie Mae (FNM) reported a Q4 loss of $25.23B, or $4.47/share, its sixth consecutive quarterly loss (see earnings details below). The mortgage giant's net worth fell below zero at the end of the quarter, forcing the company to request government funding. Fannie will draw more than $15B of assistance from the Treasury, and expects "the market conditions that contributed to our net loss for each quarter of 2008 to continue and possibly worsen in 2009, which is likely to cause further reductions in our net worth."
  • Profits drop at Dell. Dell's (DELL) quarterly profit fell by nearly half to $351M from $679M the year before (see earnings details below). The company said it expects demand to remain weak in the coming months amid a 'very challenging' economy. Dell, which has experienced a prolonged slump, will raise its cost-cutting target by $1B to a total of $4B by 2011.
  • Deutsche Telekom surprises with loss. Deutsche Telekom (DT) reported a surprise Q4 loss of €730M ($920M) on an impairment charge vs. consensus of a €763M profit. The dividend was held at €0.78, unchanged from last year. Revenue rose to €16.1B from €15.9B the year earlier. Europe’s biggest telephone company, Deutsche Telekom will overhaul its structure and management to cut costs and increase its market share. Its fixed-line and mobile-phone operations will be combined into one unit. Timotheus Hoettges will replace Karl-Gerhard Eick as finance chief; Eick said in December he plans to leave before his term ends.
  • Durable goods decrease. Durable Goods Orders fell 5.2% ($9.0B) in January, markedly worse than consensus of -2.5%. Inventories decreased 0.8% ($2.8B) to $340.7B. Shipments were down 3.7% ($6.9B) to $183.1B following December's 1.5% dip.
  • Jobless claims surge. Initial Jobless Claims surged to 667,000 this week from 631,000 (revised) last week - far more than the 625,000 economist consensus. Continuing claims jumped above 5M to 5,112,000 - up 114,000. This week's jobless claims is the highest since 695,000 Americans applied for unemployment assistance in October 1982. The insured unemployment rate of 3.8% (up from 3.7% last week) is the highest since July 1983.
  • Home sales fall. New home sales in January fell 10.2% to 309,000 from December, short of the expected 330,000. Dec. was revised to 344,000 from 331,000. Median price was $201,100. At the current sales rate, there's 13.3 months of supply.

Earnings: Friday Before Open

  • Interpublic Group (IPG): Q4 EPS of $0.39 beats by $0.10. Revenue of $1.9B (-4.1%) in-line. "While meeting our 2008 financial objectives is gratifying, the latter part of the fourth quarter and the early part of 2009 have begun to show the negative effect that the broader economic situation is having on the marketing services sector." (PR)

Earnings: Thursday After Close

  • AES (AES): Q4 EPS of $0.18 misses by $0.06. Revenue of $3.54B (-3.1%) vs. $3.65B. Sees 2009 EPS of $0.97-1.07 vs. $1.10. (PR)
  • Autodesk (ADSK): Q4 EPS of $0.31 beats by $0.10. Revenue of $490M (-18.2%) vs. $484M. Sees Q1 EPS of flat to $0.12 vs. $0.27 consensus and revenue of $400-440M vs. $472M. Shares -2.1% AH. (PR)
  • CommScope (CTV): Q4 EPS of $0.55 beats by $0.02. Revenue of $862M (-18.9%) vs. $867M. Sees Q1 revenue of $720-770M vs. $823M. (PR)
  • Covanta (CVA): Q4 EPS of $0.22 misses by $0.03. Revenue of $414M (+4.8%) vs. $410M. Sees 2009 EPS of $0.75-0.90 vs. $0.93. Shares -6.5% AH. (PR)
  • Dell (DELL): Q4 EPS of $0.18 ($0.29 ex-items) vs. consensus of $0.26. Revenue of $13.43B vs. $14.18B. Raises 2011 cost-reduction goal to $4B from $3B. "Global IT end-user demand will continue to be uncertain and challenging." Shares +1.8% AH. (PR)
  • Fannie Mae (FNM): Q4 loss of $25.23B ($4.47/share) on revenue of $5.64B. Results include $12.3B in net fair value losses, credit-related expenses of $12B, and a $4.6B writedown on the value of its mortgage-backed securities. Asks gov't for $15.2B in aid. "We expect the market conditions that contributed to our net loss for each quarter of 2008 to continue and possibly worsen in 2009, which is likely to cause further reductions in our net worth."(PR)
  • Gap (GPS): Q4 EPS of $0.34 beats by $0.02. Revenue of $4.08B (-12.7%) in-line. Sees net square footage down 2% in 2009. Shares -2.5% AH. (PR)
  • Geron (GERN): Q4 EPS of -$0.22 misses by $0.01. Revenue of $0.5M (+88.5%) vs. $0.7M. Shares +0.2% AH. (PR)
  • Hansen Natural (HANS): Q4 EPS of -$0.25 vs. consensus of $0.42. Revenue of $254.4M (+3.2%) vs. $243.7M. (PR)
  • Human Genome Sciences (HGSI): Q4 EPS of -$0.41 beats by $0.07. Revenue of $12.9M (+3.2%) vs. $12.3M. Sees 2009 revenue of $250M vs. $223M. Shares +3.6% AH. (PR)
  • Kohl's (KSS): Q4 EPS of $1.10 beats by $0.07. Revenue of $5.2B in-line. Same-store sales fell 9.1%. Sees Q! EPS of $0.27-0.34 vs. $0.35 and full-year EPS of $2.00-2.30 vs. $2.40. Shares -4.1% AH. (PR)
  • Leap Wireless (LEAP): Q4 EPS of -$0.81 beats by $0.02. Revenue of $519M (+20.7%) vs. $543M. Shares +0.9% AH. (PR)
  • Novell (NOVL): FQ1 EPS of $0.07 beats by $0.01. Revenue of $215M (-6.9%) vs. $230M. Shares +3% AH. (PR)
  • OmniVision Technologies (OVTI): FQ3 EPS of -$0.24 misses by $0.08. Revenue of $80M (-64.4%) vs. $89.8M. Shares -16.8% AH. (PR)
  • Public Storage (PSA): Q4 FFO of $1.49 beats by $0.21. Revenue of $333M (+1.6%) vs. $415M. Shares -4.6%. (PR)
  • Republic Services (RSG): Q4 EPS of $0.41 misses by $0.03. Revenue of $1.24B (+56.3%) vs. $1.81B. Sees 2009 EPS of $1.70-1.75 vs. $1.93. (PR)
  • SandRidge Energy (SD): Q4 EPS of $0.06 beats by $0.05. Revenue of $201M (-7%) vs. $250M. Shares -0.5% AH. (PR)
  • SBA Communications (SBAC): Q4 EPS of $0.02 beats by $0.13. Revenue of $134.4M (+23.4%) vs. $128.3M. (PR)
  • Scientific Games (SGMS): Q4 EPS of $0.18 misses by $0.06. Revenue of $264M (-1.5%) vs. $280M. (PR)
  • Senior Housing Properties Trust (SNH): Q4 FFO of $0.43 in-line. Revenue of $72.9M (+37.3%) vs. $63.7M. (PR)
  • Sotheby's (BID): Q4 EPS of -$0.13 vs. consensus of $0.20. Revenue of $166.2M (-51.9%) vs. $177.9M. "For the first nine months of 2008, our aggregate auction sales were at record levels. But from October onwards, virtually every auction around the world experienced declines." (PR)
  • Southwestern Energy (SWN): Q4 EPS of $0.30 misses by $0.02. Revenue of $500M (+24.2%) vs. $540M. Shares -1.9% AH. (PR)

Today's Markets

  • Japan closed off the week with strength even as the rest of Asia saw red. Nikkei +1.48% to 7,568. Hang Seng -0.65% to 12,812. Shanghai -1.81% to 2,083. BSE -0.71% to 8,892.
  • In Europe, stocks opened down and have traded in a range. At midday: London -1.9%. Paris -1.5%. Frankfurt -2%.
  • U.S. stock futures have edged lower overnight in a light-volume session. Dow -0.4% to 7150. S&P -0.5% to 748.50. Nasdaq -0.5%. 30-year bond +0.14%. Crude -2.9% to $43.92. Gold +0.6% to $948.

Friday's Economic Calendar

Seeking Alpha editor Eli Hoffmann contributed to this post.


Complete Story »]]> ADSK AES BID C CTV CVA DELL DIA DT FNM GERN GLD GPS HANS HGSI IPG KSS LEAP NOVL OVTI PSA QQQQ RSG SBAC SD SGMS SNH SPY SWN USO YHOO SA Editor Rachael Granby OmniVision Technologies, Inc. Q3 2009 Earnings Call Transcript http://seekingalpha.com/article/123056-omnivision-technologies-inc-q3-2009-earnings-call-transcript?source=feed 123056 OmniVision Technologies, Inc. (OVTI)

Q3 2009 Earnings Call Transcript

February 26, 2009 at 5:00 pm ET

]]> Fri, 27 Feb 2009 00:30:33 -0500 OmniVision Technologies, Inc. (OVTI)

Q3 2009 Earnings Call Transcript

February 26, 2009 at 5:00 pm ET


Complete Story »]]> OVTI Street 2009 View Still Too High for Semiconductors http://seekingalpha.com/article/114202-street-2009-view-still-too-high-for-semiconductors?source=feed 114202 EVENT: 64 US-Traded Semiconductor Companies: Revenue-Weighted F09 Street Revenues -14.9% Y/Y
CAUSE: Well-Known Macro Weakness; Lots Of Negative Supply Chain Data; But Estimates Not Low Enough
IMPACT: Q1, 2009 Guidance Likely Well Below Current Street Estimates; Our Best Case -23.0% Y/Y
ACTION: Continue To Avoid Semis, Distributors, Foundries, Semi Equipment

EVENT: STREET SEES 09 Y/Y SEMI REVS -14.9%. In mid-December, we used Connexiti to screen for Y/Y revenue growth for US traded semiconductor companies with a market cap >$100M, which produced 64 names (see Taking Stock: Semis Digging A Deeper Hole: Street 2009 View Overstated,
12.16.08). At that time, the Street was modeling 2009 Y/Y revs -12.5% for the group, while we suggested that a best-case scenario was down -20% Y/Y. Since then, the environment has worsened, and while Street Estimates have become modestly more negative (moving from -12.5% to -14.9%), our own
best-case scenario has been lowered from -20.0% Y/Y to -23.0%.

]]> Sun, 11 Jan 2009 08:29:19 -0500 Richard Davenport EVENT: 64 US-Traded Semiconductor Companies: Revenue-Weighted F09 Street Revenues -14.9% Y/Y
CAUSE: Well-Known Macro Weakness; Lots Of Negative Supply Chain Data; But Estimates Not Low Enough
IMPACT: Q1, 2009 Guidance Likely Well Below Current Street Estimates; Our Best Case -23.0% Y/Y
ACTION: Continue To Avoid Semis, Distributors, Foundries, Semi Equipment

EVENT: STREET SEES 09 Y/Y SEMI REVS -14.9%. In mid-December, we used Connexiti to screen for Y/Y revenue growth for US traded semiconductor companies with a market cap >$100M, which produced 64 names (see Taking Stock: Semis Digging A Deeper Hole: Street 2009 View Overstated,
12.16.08). At that time, the Street was modeling 2009 Y/Y revs -12.5% for the group, while we suggested that a best-case scenario was down -20% Y/Y. Since then, the environment has worsened, and while Street Estimates have become modestly more negative (moving from -12.5% to -14.9%), our own
best-case scenario has been lowered from -20.0% Y/Y to -23.0%.


Complete Story »]]> ACTL ADI ALTR AMCC AMD ATHR ATML CAVM CRUS DIOD EXAR FCS INTC LLTC LSCC LSI NETL NVDA OVTI PMCS QCOM STM SUPX TXN ZRAN Richard Davenport Hedge Fund Tracking: Tiger Global (Chase Coleman), Q3 2008 http://seekingalpha.com/article/111606-hedge-fund-tracking-tiger-global-chase-coleman-q3-2008?source=feed 111606 This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. Before reading this update, make sure you check out the preface to the series we're doing on Hedge Fund 13F's here.

The other funds we've already covered include:

]]> Fri, 19 Dec 2008 08:00:50 -0500 Market Folly Market Folly submits:

This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. Before reading this update, make sure you check out the preface to the series we're doing on Hedge Fund 13F's here.

The other funds we've already covered include:


Complete Story »]]> AAPL ABK AMSC AMT AMX APWR BIDU BPOP BZH CAVM CMA COH CPTS CSR CSX CTRP DDUP DISCA EDU EMKR ETFC FBP.D FEED FHN FRP FSC GGG GHL GMGMQ.PK GOOG GU HBAN HOV JRJC LDK LFT LMNX LO LVLT MA MELI MI MIDD MNT NLC NPD OVTI PAYX PCLN PII QCOM RF RIMM SBAC SCI SFI SINA STAR STEC SWIR SYNA TDG TRLG TRMK UA UTSI V VOCS WAMUQ.PK WTS ZION Market Folly Wall Street Breakfast: Must-Know News http://seekingalpha.com/article/108943-wall-street-breakfast-must-know-news?source=feed 108943

  • TARP's first report card. In the first full audit of the government's bailout program, the Government Accountability Office [GAO] faulted the Treasury Department for failing to address several critical issues, including how to ensure its efforts were successful. The Treasury was also cited for its incomplete management structure and system of internal controls, and for failing to find a way to make sure recipients of federal aid comply with limits on executive compensation and dividend payments. Treasury's Neel Kashkari said his department has made 'significant efforts' to communicate more clearly to lawmakers and taxpayers, but 'more can and will be done in these areas.' The GAO report also noted that as many as 200 full-time employees will be needed for the office that is running TARP, but as of Nov. 21 only 48 positions had been staffed. Near-term hiring could be difficult during the new administration's transition into the White House. (Read the full GAO report (.pdf) or just the highlights (.pdf).)
  • Automakers keep their fingers crossed. Big Three automakers presented turnaround plans to Congress yesterday, including pleas from General Motors (GM) and Chrysler for $15B just to survive through January. The tab for a potential auto industry bailout has risen to $34B from an original $25B, with GM requesting $18B in total (and $4B immediately, saying 'there is no Plan B'), Chrysler requesting $7B and Ford (F) asking for a $9B credit line it says it may not need to tap. House Speaker Nancy Pelosi responded to bailout calls by saying bankruptcy is 'not an option,' but lawmakers didn't detail possible plans for saving automakers. Congressional hearings are planned for Thursday and Friday.
  • Dueling bids for Constellation. Electricite de France [EDF], the world's largest operator of atomic reactors, has made a $4.5B bid for half of Constellation Energy Group's (CEG) nuclear business. EDF, which owns 9.5% of Constellation, is looking to expand in the U.S. and to thwart a rival bid by Warren Buffett; earlier this year, Constellation agreed to be bought by Berkshire Hathaway's (BRK.A) MidAmerican Energy Holdings unit for $4.7B, but the deal still needs to be approved by shareholders in a vote later this month. In October, EDF abandoned a $6.24B bid for all of Constellation, citing financing difficulties due to the credit crisis, but said the new proposal is 'not subject to a financing condition' and that the MidAmerican offer 'significantly undervalues Constellation and its future opportunities.' CEG +21.2% pre-market.
  • AIG wants better terms. AIG (AIG) has reached an agreement with the government to clear its obligations on around $53.5B in toxic mortgage debt. The move is part of the Federal Reserve's agreement last month to buy up to $70B of toxic mortgage assets underlying AIG's credit-default swaps. AIG's new CEO, Edward Liddy, said he hopes to renegotiate the terms of the insurer's rescue package as soon as the company makes some 'good progress' on selling some assets and paying down debt. In particular, Liddy wants to reduce the 10% dividend on preferred shares that the government is receiving and to reduce the government's stake from 79.9%.
  • GE looks to the future. General Electric (GE) provided investors with an updated strategic framework and revised Q4 outlook. The company projects Q4 EPS will trend towards the low end of its $0.50-0.65 guidance, in-line with $0.51 consensus, and said it will maintain its dividend. It also forecast a $1-1.4B charge to restructure GE Capital, which it described as an invaluable part of the company, ending lingering speculation of a break-off or spin-off. By the end of next year, GE expects its capital unit to account for 30% of company profit, down from 50% last year, and will reduce the unit's reliance on short-term funding. The news helped shares of the battered stock rally 13.6%, though the cost of credit-default-swap insurance on its debt, at nearly 5%, barely budged.
  • Swallowing Yahoo whole. Jonathan Miller, former CEO of AOL, is trying to raise money to purchase some or all of Yahoo (YHOO). He has been speaking to private-equity investors and sovereign-wealth funds, and believes he can create a deal that would be worth $20-$22/share to Yahoo shareholders. For a purchase of the entire company, Miller is looking to raise between $28B-$30B. The deal is a long-shot, and financing a purchase of this size in the current market environment would be extremely difficult, but Yahoo shares rose on the news anyway, closing up 7.1% to $11.50.
  • Goldman Bank.com? Goldman Sachs (GS) is considering whether to launch an online bank as part of its efforts to broaden its funding sources and pull in deposits. Sources familiar with the situation say the bank would likely offer a range of savings products, including certificates of deposits, but many details of its operating plans remain undecided. Though the deposits are typically a low-margin business, the online bank would be an important part of Goldman's efforts to diversify, especially as the bank potentially faces its first quarterly loss later this month since going public in 1999. If it moves forward with its plans, Goldman will face competition from banks including Bank of America (BAC), Citigroup (C) and ING Group (ING).
  • Auto sales plummet. As expected, November's auto sales proved to be a dismal affair as U.S. auto sales plunged to their lowest annual rate in 26 years. Nissan (NSANY) posted November sales of 46,605, down 42.2% vs. consensus of -35%. General Motors (GM) reported a 41.3% drop in November U.S. sales to 154,877 vs. -33% consensus. Its car sales were down 44.1% and truck sales fell 39.4% because "the consumer is scared and sitting on the sideline." Honda (HMC) posted November sales of 76,233, a decline of 31.6% from a year ago vs. consensus of -22%, and its Acura sales fell 38.9% to 7,888. Toyota (TM) reported November vehicle sales of 130,307, down 33.9% from last year vs. -27% consensus. Its car sales fell 32.3% and light truck sales dropped 36.1%. Ford (F) reported November light-vehicle sales of 122,723, down 30.6% vs. -32% consensus. Its truck sales declined 29% while car sales fell 36.2%.
  • Retail sales. Retail chain store sales increased 0.1% from a week ago, according to ICSC, and rose 1.3% Y/Y, ending two consecutive weeks of declines. "Black Friday promotions provided the incentive consumers were looking for," said Michael P. Niemira, ICSC chief economist. According to Redbook, national chain store sales fell 1.1% in the first four weeks of November vs. the previous month, and fell 0.9% vs. a year ago.

Earnings: Tuesday After Close

  • Marvell Technology (MRVL): Q3 EPS of $0.23 beats by $0.02. Revenue of $791M (+4.3%) in-line. (PR)
  • OmniVision (OVTI) FQ2 EPS of $0.19 beats by $0.01. Revenue of $164M (-29.5%) vs. $166M. Sees FQ3 EPS of -$0.22 to -$0.09 vs. $0.17. (PR)

Today's Markets

  • Asia markets closed in the green. Nikkei +1.8% to 8,004. Hang Seng +1.4% to 13,589. Shanghai +4.0% to 1,965. BSE +0.1% to 8,747.
  • In Europe at midday, London -0.8%. Paris -1.9%. Frankfurt -1.8%.
  • U.S. futures: Dow -1.7%. S&P -1.9%. Nasdaq -1.4%. Crude +0.7% to $47.30. Gold -0.8% to $777.00.

Wednesday's Economic Calendar

Seeking Alpha editor Eli Hoffmann contributed to this post.

]]> Wed, 03 Dec 2008 07:15:33 -0500 SA Editor Rachael Granby

  • TARP's first report card. In the first full audit of the government's bailout program, the Government Accountability Office [GAO] faulted the Treasury Department for failing to address several critical issues, including how to ensure its efforts were successful. The Treasury was also cited for its incomplete management structure and system of internal controls, and for failing to find a way to make sure recipients of federal aid comply with limits on executive compensation and dividend payments. Treasury's Neel Kashkari said his department has made 'significant efforts' to communicate more clearly to lawmakers and taxpayers, but 'more can and will be done in these areas.' The GAO report also noted that as many as 200 full-time employees will be needed for the office that is running TARP, but as of Nov. 21 only 48 positions had been staffed. Near-term hiring could be difficult during the new administration's transition into the White House. (Read the full GAO report (.pdf) or just the highlights (.pdf).)
  • Automakers keep their fingers crossed. Big Three automakers presented turnaround plans to Congress yesterday, including pleas from General Motors (GM) and Chrysler for $15B just to survive through January. The tab for a potential auto industry bailout has risen to $34B from an original $25B, with GM requesting $18B in total (and $4B immediately, saying 'there is no Plan B'), Chrysler requesting $7B and Ford (F) asking for a $9B credit line it says it may not need to tap. House Speaker Nancy Pelosi responded to bailout calls by saying bankruptcy is 'not an option,' but lawmakers didn't detail possible plans for saving automakers. Congressional hearings are planned for Thursday and Friday.
  • Dueling bids for Constellation. Electricite de France [EDF], the world's largest operator of atomic reactors, has made a $4.5B bid for half of Constellation Energy Group's (CEG) nuclear business. EDF, which owns 9.5% of Constellation, is looking to expand in the U.S. and to thwart a rival bid by Warren Buffett; earlier this year, Constellation agreed to be bought by Berkshire Hathaway's (BRK.A) MidAmerican Energy Holdings unit for $4.7B, but the deal still needs to be approved by shareholders in a vote later this month. In October, EDF abandoned a $6.24B bid for all of Constellation, citing financing difficulties due to the credit crisis, but said the new proposal is 'not subject to a financing condition' and that the MidAmerican offer 'significantly undervalues Constellation and its future opportunities.' CEG +21.2% pre-market.
  • AIG wants better terms. AIG (AIG) has reached an agreement with the government to clear its obligations on around $53.5B in toxic mortgage debt. The move is part of the Federal Reserve's agreement last month to buy up to $70B of toxic mortgage assets underlying AIG's credit-default swaps. AIG's new CEO, Edward Liddy, said he hopes to renegotiate the terms of the insurer's rescue package as soon as the company makes some 'good progress' on selling some assets and paying down debt. In particular, Liddy wants to reduce the 10% dividend on preferred shares that the government is receiving and to reduce the government's stake from 79.9%.
  • GE looks to the future. General Electric (GE) provided investors with an updated strategic framework and revised Q4 outlook. The company projects Q4 EPS will trend towards the low end of its $0.50-0.65 guidance, in-line with $0.51 consensus, and said it will maintain its dividend. It also forecast a $1-1.4B charge to restructure GE Capital, which it described as an invaluable part of the company, ending lingering speculation of a break-off or spin-off. By the end of next year, GE expects its capital unit to account for 30% of company profit, down from 50% last year, and will reduce the unit's reliance on short-term funding. The news helped shares of the battered stock rally 13.6%, though the cost of credit-default-swap insurance on its debt, at nearly 5%, barely budged.
  • Swallowing Yahoo whole. Jonathan Miller, former CEO of AOL, is trying to raise money to purchase some or all of Yahoo (YHOO). He has been speaking to private-equity investors and sovereign-wealth funds, and believes he can create a deal that would be worth $20-$22/share to Yahoo shareholders. For a purchase of the entire company, Miller is looking to raise between $28B-$30B. The deal is a long-shot, and financing a purchase of this size in the current market environment would be extremely difficult, but Yahoo shares rose on the news anyway, closing up 7.1% to $11.50.
  • Goldman Bank.com? Goldman Sachs (GS) is considering whether to launch an online bank as part of its efforts to broaden its funding sources and pull in deposits. Sources familiar with the situation say the bank would likely offer a range of savings products, including certificates of deposits, but many details of its operating plans remain undecided. Though the deposits are typically a low-margin business, the online bank would be an important part of Goldman's efforts to diversify, especially as the bank potentially faces its first quarterly loss later this month since going public in 1999. If it moves forward with its plans, Goldman will face competition from banks including Bank of America (BAC), Citigroup (C) and ING Group (ING).
  • Auto sales plummet. As expected, November's auto sales proved to be a dismal affair as U.S. auto sales plunged to their lowest annual rate in 26 years. Nissan (NSANY) posted November sales of 46,605, down 42.2% vs. consensus of -35%. General Motors (GM) reported a 41.3% drop in November U.S. sales to 154,877 vs. -33% consensus. Its car sales were down 44.1% and truck sales fell 39.4% because "the consumer is scared and sitting on the sideline." Honda (HMC) posted November sales of 76,233, a decline of 31.6% from a year ago vs. consensus of -22%, and its Acura sales fell 38.9% to 7,888. Toyota (TM) reported November vehicle sales of 130,307, down 33.9% from last year vs. -27% consensus. Its car sales fell 32.3% and light truck sales dropped 36.1%. Ford (F) reported November light-vehicle sales of 122,723, down 30.6% vs. -32% consensus. Its truck sales declined 29% while car sales fell 36.2%.
  • Retail sales. Retail chain store sales increased 0.1% from a week ago, according to ICSC, and rose 1.3% Y/Y, ending two consecutive weeks of declines. "Black Friday promotions provided the incentive consumers were looking for," said Michael P. Niemira, ICSC chief economist. According to Redbook, national chain store sales fell 1.1% in the first four weeks of November vs. the previous month, and fell 0.9% vs. a year ago.

Earnings: Tuesday After Close

  • Marvell Technology (MRVL): Q3 EPS of $0.23 beats by $0.02. Revenue of $791M (+4.3%) in-line. (PR)
  • OmniVision (OVTI) FQ2 EPS of $0.19 beats by $0.01. Revenue of $164M (-29.5%) vs. $166M. Sees FQ3 EPS of -$0.22 to -$0.09 vs. $0.17. (PR)

Today's Markets

  • Asia markets closed in the green. Nikkei +1.8% to 8,004. Hang Seng +1.4% to 13,589. Shanghai +4.0% to 1,965. BSE +0.1% to 8,747.
  • In Europe at midday, London -0.8%. Paris -1.9%. Frankfurt -1.8%.
  • U.S. futures: Dow -1.7%. S&P -1.9%. Nasdaq -1.4%. Crude +0.7% to $47.30. Gold -0.8% to $777.00.

Wednesday's Economic Calendar

Seeking Alpha editor Eli Hoffmann contributed to this post.


Complete Story »]]> AIG BAC BRK.A C CEG DIA F GE GLD GMGMQ.PK GS HMC ING MRVL NSANY OVTI QQQQ SPY TM USO YHOO SA Editor Rachael Granby OmniVision Technologies, Inc. F2Q09 (Qtr End 10/31/08) Earnings Call Transcript http://seekingalpha.com/article/108848-omnivision-technologies-inc-f2q09-qtr-end-10-31-08-earnings-call-transcript?source=feed 108848 OmniVision Technologies, Inc. (OVTI)

F2Q09 (Qtr End 10/31/08) Earnings Call Transcript

]]> Tue, 02 Dec 2008 22:33:12 -0500 OmniVision Technologies, Inc. (OVTI)

F2Q09 (Qtr End 10/31/08) Earnings Call Transcript


Complete Story »]]> OVTI 100 Companies That Can Take Themselves Private http://seekingalpha.com/article/103419-100-companies-that-can-take-themselves-private?source=feed 103419 In past years, I have successfully used a screen that identifies companies that can take themselves private by levering up their balance sheet and using their cash flow to pay the interest payments.  The screen assumes companies could get financing at 9% and could cover the tax adjusted interest payments if they stopped expanding and just spent a minimum in capital expenditures to continue operating.  

If you assume that we don't enter a depression and the companies could actually get financing right now, a stunning number of high quality companies - companies with high cash flow and relatively low debt - could take themselves private at today's prices.  Obviously, the assumptions of the screen are unrealistic currently.  If General Electric (GE) is paying Warren "Loan Shark" Buffett ten percent interest rates, then most other companies won't be able to find financing.  But that's beside the point.  At these prices, many quality companies are cheaper than they have been in history.  Money is still available - it's just scared and sitting on the sidelines.  If we see any return to stability in the financial system, many of the stocks on the list could see 25% - 50% upside just by a return to median multiple.        

]]> Sun, 02 Nov 2008 02:50:45 -0500 ContraHour In past years, I have successfully used a screen that identifies companies that can take themselves private by levering up their balance sheet and using their cash flow to pay the interest payments.  The screen assumes companies could get financing at 9% and could cover the tax adjusted interest payments if they stopped expanding and just spent a minimum in capital expenditures to continue operating.  

If you assume that we don't enter a depression and the companies could actually get financing right now, a stunning number of high quality companies - companies with high cash flow and relatively low debt - could take themselves private at today's prices.  Obviously, the assumptions of the screen are unrealistic currently.  If General Electric (GE) is paying Warren "Loan Shark" Buffett ten percent interest rates, then most other companies won't be able to find financing.  But that's beside the point.  At these prices, many quality companies are cheaper than they have been in history.  Money is still available - it's just scared and sitting on the sidelines.  If we see any return to stability in the financial system, many of the stocks on the list could see 25% - 50% upside just by a return to median multiple.        


Complete Story »]]> ACN AEIS AG AGP AHS AM AMAT AMSG AOB ARW AWI AYI BBY BHE BW CALM CAS CBE CBI CBS CCRN CDNS CELL CIR CKP CMC CMCO COH COP CORE CR CRS CSL CSS CTAS CUB CYT DAR DBRN DCO DGII DIS DRC EME ENTG ESV FCX FII FIX FWLT GD GDI GIB GTI IEX IM IMO ITW JDAS JLL KAI KFRC KTII LMC LMT LRCX MAN MGA MGLN MHK MKSI MLI MOLX MRO MRX MSM MTW MWW NFP NOC NOV NPO NSR NTY NVLS NVR OVTI PACR PCR PDX PH RBN RHI ROP SCSC SEIC SGK SHLD SHW STX TCK VFC VSEA VSH VVI WDC WFR XOM ContraHour Wall Street Breakfast: Must-Know News http://seekingalpha.com/article/93202-wall-street-breakfast-must-know-news?source=feed 93202

  • More Lehman layoffs. Lehman (LEH) announced plans to fire 1,500 employees, approximately 6% of its work force. The layoffs will most likely happen before Q3 results are reported in mid-September. This will be Lehman's fourth round of layoffs this year, bringing the total to 7,500 employees since last June. Though perhaps in worse shape than other industry rivals, Lehman is not alone - banks and securities firms have cut more than 101,000 jobs this year.
  • GDP jumps to 3.3%. Q2 GDP came in way above expectations, growing at a 3.3% seasonally-adjusted annual rate vs. the advanced estimate of 1.9%. The higher GDP numbers reflect stronger-than-expected exports and inventories that fell less sharply than anticipated, and suggest that the economy is perhaps doing better than conventional wisdom indicates. Conversely, the spread between GDP and GDI (gross domestic income) is the biggest in the post World War II era, which may signal talk of an economic recovery is premature.
  • Stocks respond to GDP report. U.S. stocks rallied on Thursday, posting the biggest gain in three weeks on news that the economy grew faster than expected in Q2. Led by manufacturers and financials, the S&P 500 gained 1.5% to 1,300.68, and the Dow Jones Industrial Average gained 1.9% to 11,715.18.
  • FDIC downplays banks' exposure to Fannie/Freddie. The FDIC played down the repercussions of a potential plunge in Fannie Mae (FNM) or Freddie Mac (FRE) preferred shares, saying the drop would have only a limited impact on the rest of the banking sector. Though banks' exposure is "not problematic," according to Chairman Sheila Bair, smaller institutions could be more vulnerable and are being monitored. Analysts are concerned that a drop in Fannie/Freddie preferred shares could cause another wave of bank write-downs this quarter.
  • Delphi hopes dim; GM on the hook. Odds increase that Delphi, the #1 U.S. car-parts maker, will not emerge from bankruptcy protection. GM (GM), already wounded by Delphi's woess to the tune of $11B, could be saddled with billions more in debt. "The clock is ticking and time is getting short," Charles E.F. Millard, director of the government's pension-insurance agency says. "If this becomes a liquidation, then our $8B claim would swamp any claim the creditors have. We are trying to get everyone's attention."
  • Dell disappoints. Dell (DELL) earnings failed to meet investors' expectations (see below). The world's second-largest producer of personal computers blamed the weak earnings on a drop in information-technology spending that has spread from the U.S. to Western Europe and Asia. Dell warned that it will continue to face significant costs as it realigns its business and invests in infrastructure and acquisitions, and expects slower spending in Europe and Asia. Shares fell more than 10% in extended after-hours trading, but rebounded and were up 0.5% at 8:00 PM.
  • Microsoft says Ciao. Microsoft (MSFT) will spend $486M to buy online survey company Greenfield Online (SRVY). The deal gives Microsoft access to Ciao.com, a popular price comparison and consumer reviews site in Europe.
  • MySpace draws more ad views. Fox Interactive's (NWS) collection of websites, including social network MySpace, has overtaken Yahoo (YHOO) for the No. 1 spot in online display advertising. MySpace and its parent company drew 56.8B advertising views in June, while Yahoo's sites had 53.1B ad views. The data shows how quickly ad viewership has been growing on MySpace - but analysts caution that the social network is struggling to land the premium ad rates that Yahoo usually commands.
  • Nintendo boosts forecast on strong Wii sales. Nintendo (NTDOY.PK) soared 8.4% in Japan after it raised its full-year earnings outlook by 26% to ¥410B ($3.8B) on a projected 42% jump in Wii sales. "This is a very big, positive surprise," a senior fund manager said. "It looks like Wii and DS are selling well, especially in Europe." Shares had fallen 17% since July 30, when Nintendo disappointed investors by leaving its full-year projections unchanged.
  • Banks request larger Fed loans. Commercial banks borrowed more money the past week from the Federal Reserve's emergency lending program. Borrowing averaged $18.47B daily over the week, compared to a $17.51B average from the week before. On the other hand, Wall Street firms didn't borrow any money from the emergency program, extending their non-participation streak to four weeks.
  • Corporate profits fall. Core inflation rose at 2.1% in Q2, while headline inflation jumped to 4.2%. Corporate profits dropped by $37.8B to $1.56T - the lowest in three years. Exports were up 13.2%, while imports fell 7.6%.
  • Unemployment claims fall slightly. Weekly Jobless Claims were 425,000, in-line with consensus, down 10K from last week's revised 435,000. Continuing claims were 3.42M. 4-week moving average falls by 6K to 446,250.
  • Euro-zone consumer inflation eased to 3.8% from 4% in July, 0.1% below consensus. Meanwhile, European consumer confidence fell more than expected - not surprising for an economy on the brink of recession. Driven by high oil and food prices, inflation is limiting consumer spending and squeezing profit margins.
  • Inflation soars in Japan, sort of. Japan's core inflation climbed 2.4% Y/Y in July - an 11-year high - up from 1.9% in June. "If inflation continues to accelerate at this pace, we are heading toward 3% or perhaps even in excess of 3%, which is an absolutely unheard of level of inflation in Japan," economist Glenn Maguire says. "Operationally it will be next to impossible for them [Bank of Japan] not to raise rates if we are moving into that kind of inflation territory." But in Tokyo, considered a leading indicator, core prices were up a milder 1.5%, down from 1.6% in June. "We expect the BOJ to maintain its wait-and-see stance for quite some time," Lehman analysts said today.
  • Japanese jump-start. Japan unveiled an ¥11.7T ($107.4B) stimulus package to prop up an economy weakened by slowing growth and high energy prices. Officials say the measures will reduce the impact of high oil prices, promote energy conservation, and strengthen agriculture.

Earnings: Friday Before Open

  • Lukoil (LUKOY.PK): Q2 net income surges 64% to $4.13B, short of $4.72B consensus. Revenue was up 59% to $20.13B despite a 3.1% drop in production. Lukoil is 20% by ConocoPhillips (COP). Shares are down 2.8% in Moscow. [WSJ]

Earnings: Thursday After Close

  • Dell (DELL): FQ3 EPS of $0.31 misses by $0.05. Revenue of $16.4B vs. $15.95B. Shares +0.5%. [PR]
  • Marvell Technology (MRVL): Q2 EPS of $0.24 beats by $0.02. Revenue of $843M vs. $837M. Shares -3.1%. [PR]
  • Novell (NOVL): FQ3 EPS of $0.06 beats by $0.01. Revenue of $245M vs. $241M. Shares -1.6%. [PR]
  • OmniVision Technologies (OVTI): FQ1 EPS of $0.25 misses by $0.03. Revenue of $174M (+3.1%) vs. $171M. [PR]
  • PetSmart (PETM): Q2 EPS of $0.30 beats by $0.02. Revenue of $1.24B (+11.2%) vs. $1.22B. [PR]
  • Sigma Designs (SIGM): Q2 EPS of $0.47 beats by $0.07. Revenue of $58.2M (+36.9%) in-line. [PR]
  • Wind River Systems (WIND): Q2 EPS of $0.17 beats by $0.09. Revenue of $92M (+8.6%) vs. $88M. [PR]

Today's Markets

  • Asia closes higher. Nikkei +2.39% to 13,073. Hang Seng +1.38% to 21,262. Shanghai +2.01% to 2,397. BSE Sensex +3.67% to 14,565.
  • Europe is up at midday. London +0.48%. Paris +0.48%. Frankfurt +0.19%.
  • U.S. futures at 6:30 AM: Dow -0.15%. S&P -0.19%. Nasdaq -0.16%. Crude +1.34% to $117.14. Gold +0.57% to $842.

Friday's Economic Calendar

Seeking Alpha editor Eli Hoffmann contributed to this post.

]]> Fri, 29 Aug 2008 07:19:50 -0400 SA Editor Rachael Granby

  • More Lehman layoffs. Lehman (LEH) announced plans to fire 1,500 employees, approximately 6% of its work force. The layoffs will most likely happen before Q3 results are reported in mid-September. This will be Lehman's fourth round of layoffs this year, bringing the total to 7,500 employees since last June. Though perhaps in worse shape than other industry rivals, Lehman is not alone - banks and securities firms have cut more than 101,000 jobs this year.
  • GDP jumps to 3.3%. Q2 GDP came in way above expectations, growing at a 3.3% seasonally-adjusted annual rate vs. the advanced estimate of 1.9%. The higher GDP numbers reflect stronger-than-expected exports and inventories that fell less sharply than anticipated, and suggest that the economy is perhaps doing better than conventional wisdom indicates. Conversely, the spread between GDP and GDI (gross domestic income) is the biggest in the post World War II era, which may signal talk of an economic recovery is premature.
  • Stocks respond to GDP report. U.S. stocks rallied on Thursday, posting the biggest gain in three weeks on news that the economy grew faster than expected in Q2. Led by manufacturers and financials, the S&P 500 gained 1.5% to 1,300.68, and the Dow Jones Industrial Average gained 1.9% to 11,715.18.
  • FDIC downplays banks' exposure to Fannie/Freddie. The FDIC played down the repercussions of a potential plunge in Fannie Mae (FNM) or Freddie Mac (FRE) preferred shares, saying the drop would have only a limited impact on the rest of the banking sector. Though banks' exposure is "not problematic," according to Chairman Sheila Bair, smaller institutions could be more vulnerable and are being monitored. Analysts are concerned that a drop in Fannie/Freddie preferred shares could cause another wave of bank write-downs this quarter.
  • Delphi hopes dim; GM on the hook. Odds increase that Delphi, the #1 U.S. car-parts maker, will not emerge from bankruptcy protection. GM (GM), already wounded by Delphi's woess to the tune of $11B, could be saddled with billions more in debt. "The clock is ticking and time is getting short," Charles E.F. Millard, director of the government's pension-insurance agency says. "If this becomes a liquidation, then our $8B claim would swamp any claim the creditors have. We are trying to get everyone's attention."
  • Dell disappoints. Dell (DELL) earnings failed to meet investors' expectations (see below). The world's second-largest producer of personal computers blamed the weak earnings on a drop in information-technology spending that has spread from the U.S. to Western Europe and Asia. Dell warned that it will continue to face significant costs as it realigns its business and invests in infrastructure and acquisitions, and expects slower spending in Europe and Asia. Shares fell more than 10% in extended after-hours trading, but rebounded and were up 0.5% at 8:00 PM.
  • Microsoft says Ciao. Microsoft (MSFT) will spend $486M to buy online survey company Greenfield Online (SRVY). The deal gives Microsoft access to Ciao.com, a popular price comparison and consumer reviews site in Europe.
  • MySpace draws more ad views. Fox Interactive's (NWS) collection of websites, including social network MySpace, has overtaken Yahoo (YHOO) for the No. 1 spot in online display advertising. MySpace and its parent company drew 56.8B advertising views in June, while Yahoo's sites had 53.1B ad views. The data shows how quickly ad viewership has been growing on MySpace - but analysts caution that the social network is struggling to land the premium ad rates that Yahoo usually commands.
  • Nintendo boosts forecast on strong Wii sales. Nintendo (NTDOY.PK) soared 8.4% in Japan after it raised its full-year earnings outlook by 26% to ¥410B ($3.8B) on a projected 42% jump in Wii sales. "This is a very big, positive surprise," a senior fund manager said. "It looks like Wii and DS are selling well, especially in Europe." Shares had fallen 17% since July 30, when Nintendo disappointed investors by leaving its full-year projections unchanged.
  • Banks request larger Fed loans. Commercial banks borrowed more money the past week from the Federal Reserve's emergency lending program. Borrowing averaged $18.47B daily over the week, compared to a $17.51B average from the week before. On the other hand, Wall Street firms didn't borrow any money from the emergency program, extending their non-participation streak to four weeks.
  • Corporate profits fall. Core inflation rose at 2.1% in Q2, while headline inflation jumped to 4.2%. Corporate profits dropped by $37.8B to $1.56T - the lowest in three years. Exports were up 13.2%, while imports fell 7.6%.
  • Unemployment claims fall slightly. Weekly Jobless Claims were 425,000, in-line with consensus, down 10K from last week's revised 435,000. Continuing claims were 3.42M. 4-week moving average falls by 6K to 446,250.
  • Euro-zone consumer inflation eased to 3.8% from 4% in July, 0.1% below consensus. Meanwhile, European consumer confidence fell more than expected - not surprising for an economy on the brink of recession. Driven by high oil and food prices, inflation is limiting consumer spending and squeezing profit margins.
  • Inflation soars in Japan, sort of. Japan's core inflation climbed 2.4% Y/Y in July - an 11-year high - up from 1.9% in June. "If inflation continues to accelerate at this pace, we are heading toward 3% or perhaps even in excess of 3%, which is an absolutely unheard of level of inflation in Japan," economist Glenn Maguire says. "Operationally it will be next to impossible for them [Bank of Japan] not to raise rates if we are moving into that kind of inflation territory." But in Tokyo, considered a leading indicator, core prices were up a milder 1.5%, down from 1.6% in June. "We expect the BOJ to maintain its wait-and-see stance for quite some time," Lehman analysts said today.
  • Japanese jump-start. Japan unveiled an ¥11.7T ($107.4B) stimulus package to prop up an economy weakened by slowing growth and high energy prices. Officials say the measures will reduce the impact of high oil prices, promote energy conservation, and strengthen agriculture.

Earnings: Friday Before Open

  • Lukoil (LUKOY.PK): Q2 net income surges 64% to $4.13B, short of $4.72B consensus. Revenue was up 59% to $20.13B despite a 3.1% drop in production. Lukoil is 20% by ConocoPhillips (COP). Shares are down 2.8% in Moscow. [WSJ]

Earnings: Thursday After Close

  • Dell (DELL): FQ3 EPS of $0.31 misses by $0.05. Revenue of $16.4B vs. $15.95B. Shares +0.5%. [PR]
  • Marvell Technology (MRVL): Q2 EPS of $0.24 beats by $0.02. Revenue of $843M vs. $837M. Shares -3.1%. [PR]
  • Novell (NOVL): FQ3 EPS of $0.06 beats by $0.01. Revenue of $245M vs. $241M. Shares -1.6%. [PR]
  • OmniVision Technologies (OVTI): FQ1 EPS of $0.25 misses by $0.03. Revenue of $174M (+3.1%) vs. $171M. [PR]
  • PetSmart (PETM): Q2 EPS of $0.30 beats by $0.02. Revenue of $1.24B (+11.2%) vs. $1.22B. [PR]
  • Sigma Designs (SIGM): Q2 EPS of $0.47 beats by $0.07. Revenue of $58.2M (+36.9%) in-line. [PR]
  • Wind River Systems (WIND): Q2 EPS of $0.17 beats by $0.09. Revenue of $92M (+8.6%) vs. $88M. [PR]

Today's Markets

  • Asia closes higher. Nikkei +2.39% to 13,073. Hang Seng +1.38% to 21,262. Shanghai +2.01% to 2,397. BSE Sensex +3.67% to 14,565.
  • Europe is up at midday. London +0.48%. Paris +0.48%. Frankfurt +0.19%.
  • U.S. futures at 6:30 AM: Dow -0.15%. S&P -0.19%. Nasdaq -0.16%. Crude +1.34% to $117.14. Gold +0.57% to $842.

Friday's Economic Calendar

Seeking Alpha editor Eli Hoffmann contributed to this post.


Complete Story »]]> COP DELL DIA FNM FRE GLD GMGMQ.PK LEH LUKOY.PK MRVL MSFT NOVL NTDOY.PK NWS OVTI PETM QQQQ SIGM SPY SRVY USO WIND YHOO SA Editor Rachael Granby OmniVision Technologies Inc., F1Q09 (Qtr End 7/31/08) Earnings Call Transcript http://seekingalpha.com/article/93136-omnivision-technologies-inc-f1q09-qtr-end-7-31-08-earnings-call-transcript?source=feed 93136 OmniVision Technologies Inc. (OVTI)

F1Q09 (Qtr End 7/31/08) Earnings Call Transcript

August 28, 2008 5:00 pm ET

]]> Thu, 28 Aug 2008 19:53:13 -0400 OmniVision Technologies Inc. (OVTI)

F1Q09 (Qtr End 7/31/08) Earnings Call Transcript

August 28, 2008 5:00 pm ET


Complete Story »]]> OVTI Last Blast of Summer: The Pre-Holidays Earnings Rush http://seekingalpha.com/article/93086-last-blast-of-summer-the-pre-holidays-earnings-rush?source=feed 93086 This has been a sleepy week here in the Valley, but it’s time to wake up: this afternoon brings a boatload of pre-Labor Day earnings news. It’s pretty much the last gasp for the June and July quarter companies; with tomorrow the last trading day of August, it’s almost time for the first round of September-quarter pre-announcements. Something to look forward to when you get back from the beach.

The big news after hours will be Dell’s (DELL) report on its fiscal second quarter ended July. The Street is expecting sales of $15.95 billion and profits of 36 cents a share.

]]> Thu, 28 Aug 2008 13:45:32 -0400 Eric Savitz Eric Savitz (Barron's) submits:

This has been a sleepy week here in the Valley, but it’s time to wake up: this afternoon brings a boatload of pre-Labor Day earnings news. It’s pretty much the last gasp for the June and July quarter companies; with tomorrow the last trading day of August, it’s almost time for the first round of September-quarter pre-announcements. Something to look forward to when you get back from the beach.

The big news after hours will be Dell’s (DELL) report on its fiscal second quarter ended July. The Street is expecting sales of $15.95 billion and profits of 36 cents a share.


Complete Story »]]> ARUN DELL LAVA MRVL NOVL NVLS OVTI SGIC SIGM WIND Eric Savitz