Avago FYQ3 Beats, Q4 View Light

Shares of wireless chip maker Avago Technologies (AVGO) are down 61 cents, or 1.7%, at $36.30, after the company this afternoon reported fiscal Q3 revenue and earnings per share that topped analysts’ expectations, but projected this quarter’s results below consensus. Revenue in the three months ended in July rose slightly, year over year, to $606 [...]

OPLK FYQ4 EPS Beats, Q1 EPS View Higher

Shares of fiber optic component vendor Oplink Communications (OPLK) are up 30 cents, or 2%, at $14.56 after the company this afternoon reported fiscal Q4 revenue and profit per share that topped analysts’ expectations, and forecast this quarter’s EPS above consensus despite a revenue projection that was slightly below expectations. Revenue in the three months [...]

OPLK FYQ4 EPS Beats, Q1 EPS View Higher

Shares of fiber optic component vendor Oplink Communications (OPLK) are up 30 cents, or 2%, at $14.56 after the company this afternoon reported fiscal Q4 revenue and profit per share that topped analysts’ expectations, and forecast this quarter’s EPS above consensus despite a revenue projection that was slightly below expectations. Revenue in the three months [...]

OPLK FYQ4 EPS Beats, Q1 EPS View Higher

Shares of fiber optic component vendor Oplink Communications (OPLK) are up 30 cents, or 2%, at $14.56 after the company this afternoon reported fiscal Q4 revenue and profit per share that topped analysts’ expectations, and forecast this quarter’s EPS above consensus despite a revenue projection that was slightly below expectations. Revenue in the three months [...]

MRVL Falls 7%: FYQ2 Rev, EPS Miss

Chip maker Marvell Technology Group (MRVL) this afternoon reported fiscal Q2 revenue and earnings per share that missed analysts’ estimates, citing the effect of global economic weakness. Revenue in the three months ended in July fell 9%, year over year, and rose 2% from the prior quarter, to $816 million, yielding EPS of 24 cents, [...]

MRVL Falls 7%: FYQ2 Rev, EPS Miss

Chip maker Marvell Technology Group (MRVL) this afternoon reported fiscal Q2 revenue and earnings per share that missed analysts’ estimates, citing the effect of global economic weakness. Revenue in the three months ended in July fell 9%, year over year, and rose 2% from the prior quarter, to $816 million, yielding EPS of 24 cents, [...]

MRVL Falls 7%: FYQ2 Rev, EPS Miss

Chip maker Marvell Technology Group (MRVL) this afternoon reported fiscal Q2 revenue and earnings per share that missed analysts’ estimates, citing the effect of global economic weakness. Revenue in the three months ended in July fell 9%, year over year, and rose 2% from the prior quarter, to $816 million, yielding EPS of 24 cents, [...]

MRVL Falls 7%: FYQ2 Rev, EPS Miss

Chip maker Marvell Technology Group (MRVL) this afternoon reported fiscal Q2 revenue and earnings per share that missed analysts’ estimates, citing the effect of global economic weakness. Revenue in the three months ended in July fell 9%, year over year, and rose 2% from the prior quarter, to $816 million, yielding EPS of 24 cents, [...]

AMAT FYQ3 Beats, Q4 View Well Below Consensus

Chip equipment maker Applied Materials (AMAT) this afternoon reported fiscal Q3 revenue and profit that beat expectations, but forecast this quarter’s results well below what analysts have been modeling. Revenue in the three months ended in July rose to $2.34 billion, yielding EPS of 24 cents. Analysts had been expecting $2.32 billion and 22 cents. [...]

This Morning: Hints and Hyperbole for AAPL, NOK, RIMM

Here are some things going on this morning in your world of tech: It’s just a smartphone kind of a morning. The hyperbole for Apple‘s (AAPL) rumored next version of the iPhone comes from an indirect source this morning: Not an Apple analyst, but a chip analyst, Craig Berger with FBR Capital. Writes Berger, the [...]

This Morning: Hints and Hyperbole for AAPL, NOK, RIMM

Here are some things going on this morning in your world of tech: It’s just a smartphone kind of a morning. The hyperbole for Apple‘s (AAPL) rumored next version of the iPhone comes from an indirect source this morning: Not an Apple analyst, but a chip analyst, Craig Berger with FBR Capital. Writes Berger, the [...]

This Morning: Hints and Hyperbole for AAPL, NOK, RIMM

Here are some things going on this morning in your world of tech: It’s just a smartphone kind of a morning. The hyperbole for Apple‘s (AAPL) rumored next version of the iPhone comes from an indirect source this morning: Not an Apple analyst, but a chip analyst, Craig Berger with FBR Capital. Writes Berger, the [...]

This Morning: Hints and Hyperbole for AAPL, NOK, RIMM

Here are some things going on this morning in your world of tech: It’s just a smartphone kind of a morning. The hyperbole for Apple‘s (AAPL) rumored next version of the iPhone comes from an indirect source this morning: Not an Apple analyst, but a chip analyst, Craig Berger with FBR Capital. Writes Berger, the [...]

QCOM, INVN: Evercore Starts at Buy; Hold on RIM, NOK

Mark McKechnie, formerly with ThinkEquity, has re-emerged at Evercore Partners and this afternoon initiated coverage of four telecom-related stocks: Qualcomm (QCOM), Research in Motion (RIMM), Nokia (NOK), and motion-sensing technology vendor InvenSense (INVN). McKechnie rates Qualcomm and InvenSense shares Overweight, with price targets of $85 and $20, respectively. He started RIM and Nokia shares at Equal Weight, with $8 and $3 price targets, respectively. Aside from "near-term catalysts" such as the introduction of Apple's (AAPL) next iPhone this fall, he speculates, and improved yield of chips generally at the smallest feature sizes (28 nanometers), McKechnie sees the company possibly getting a boost with the spreading of wireless chipsets to PCs and tablet computers:

4G will drive higher 3G/4G penetration into PCs and tablets. We think a combination of better 4G performance, improved service plans, and new WinRT notebooks will drive higher demand for mobile 3G/4G connectivity. Will we monitor the deployment of 4G small cells as a key longer-term enabler for network traffic growth and thus tablet adoption. For reference, every 10M of incremental 3G/4G notebook/tablet sales could add ~ a nickel in royalty EPS and another nickel if it uses QCOM chips.

McKechnie also thinks Qualcomm's profit margins in its chipset business will return to levels in the low 20s on a percent basis next year as the company reaches a more stable ramp in those 28-nanometer chips, and as it achieves "tiering" of smartphones at lower prices in developing markets. McKechnie likes InvenSense's "proprietary advantage" in the market for motion sensing, writing that he anticipates "an estimated 62% and 40% CY12 and CY13 unit growth forecast for the motion sensor market driven by increased attach rates to smart phones and tablets." Specifically, "We see the attach rate of motion sensors growing from about 45% of an 800M smart phone and tablet market in 2012, to 70% of a 1.7B smart phone and tablet market by 2015."

ARMH: Evercore Starts at Buy on Expanding Market Prospects

Evercore Partners’s Patrick Wang late last night initiated coverage of chip technology licensor ARM Holdings (ARMH) with an Overweight rating and a $32 price target, writing that the stock ” is a core technology holding as it provides the foundation that the leading chip innovators use for their next-gen SOCs [system-on-a-chip]” microprocessors. Wang expects ARM [...]

Chips: Wells, Jefferies Encouraged by Inventory Data

Both Jefferies & Co.’s Mark Lipacis and Wells Fargo’s David Wong today weighed in on the state of inventories for the semiconductor distribution channel, and what it means for chip stocks. Wong has a fairly upbeat view of the situation, writing that his review of inventory levels among device makes such as Intel (INTC) and [...]

AMAT: Product Share in Focus; Citi, Caris Cut Estimates

Shares of semiconductor equipment maker Applied Materials (AMAT) are down 16 cents, or 1.3%, at $11.79 as analysts contemplate the possibilities for the company’s fiscal Q3 report for the three months ended in July, which is expected after the closing bell this Wednesday. The Street is modeling, on average, $2.33 billion in revenue and 22 [...]

AMAT: Product Share in Focus; Citi, Caris Cut Estimates

Shares of semiconductor equipment maker Applied Materials (AMAT) are down 16 cents, or 1.3%, at $11.79 as analysts contemplate the possibilities for the company’s fiscal Q3 report for the three months ended in July, which is expected after the closing bell this Wednesday. The Street is modeling, on average, $2.33 billion in revenue and 22 [...]

AMAT: Product Share in Focus; Citi, Caris Cut Estimates

Shares of semiconductor equipment maker Applied Materials (AMAT) are down 16 cents, or 1.3%, at $11.79 as analysts contemplate the possibilities for the company’s fiscal Q3 report for the three months ended in July, which is expected after the closing bell this Wednesday. The Street is modeling, on average, $2.33 billion in revenue and 22 [...]

Microsoft: Sinofsky Discusses ‘Win RT’ Collaboration with Samsung, et al

Microsoft‘s (MSFT) Windows guru Steven Sinofsky, the president of the Windows and Windows Live division at the company, today posted a rather long blog item, in conjunction with the company’s “ecosystem and planning team” veep Mike Angiulo, in which he discusses a raft of PCs coming from Asustek Computer (2357TW) and others, running on the [...]