Silke
03.05.2001, 08:47
Nachbörsl. verfehlte Vitesse die bereits reduzierten Schätzungen. Vitesse ist ein Hersteller von Kommunikationschips.....also könnte dies branchenübergreifende Schwierigkeiten mitsich ziehen.
Desweiteren Semi-belastend ist Asyst. Asyst ist ein Hersteller für Sterilräume für die Chipherstellung. Auch Asyst könnte nicht glänzen.
hier zu beachten ist noch die Aufstufung zu Handelsbeginn durch so ein Analysten
Die Futures ziehen im nachbörsl. Handel bereits 7 Punkte ins Minus. Im Chart von Ralph ist zu ersehen (siehe Shortsellingboard) wie wichtig dieser heutige Tag für die Semis ist!
have a look on it
silke
Tech shares stumble in evening action
Vitesse Semi, Celeritek, Niku to cut jobs
By Nicole Maestri, CBS.MarketWatch.com
Last Update: 7:17 PM ET May 2, 2001
NEW YORK (CBS.MW) -- The tech rally lost momentum in Wednesday's after-hours session, as disappointing earnings reports and word of job cuts in the sector surfaced after the closing bell.
Vitesse Semiconductor said it would cut 12 percent of its workers and take a third-quarter charge to cover the move, and integrated circuit maker Celeritek said it would reduce its work force by 30 percent. Watch video brief.
Also coming in with job cuts was software company Niku, which will slash 25 percent of its staff.
Shares of Buy.com fell better than 25 percent as its first-quarter revenue tumbled and the company said the same would happen in the second quarter. Macromedia's shares faltered after the software company failed to meet fourth-quarter analyst expectations.
On the upside, shares of Cirrus rose after the chip maker reported numbers that were in line with revised estimates. Compuware reported fourth-quarter numbers that met lowered earnings expectations, but missed on the revenue side.
And shares of HotJobs.com got a boost as the Internet company reported a narrower-than-expected loss.
The reports follow a strong day of trading for the Nasdaq, as tech stocks were able to maintain their momentum from Tuesday's late-day trading. Read Market Snapshot. In the evening session Tuesday, investors chose to shrug off negative earnings news in favor of the positive and send tech shares higher.
Vitesse Semiconductor
Vitesse Semiconductor Corp. announced Wednesday a 12 percent cut in its global workforce of 1,280.
On Island, shares slid 3.4 percent to $36.50.
The communications chipmaker said the cuts are in response to current market conditions, a slowdown in customer demand and the need to size the company to previously announced revenue expectations.
Senior managers at Vitesse (VTSS: news, msgs, alerts) will take 10-25 percent salary reductions to help reduce operating expenses.
The Camarillo, Calif. firm said it expects to record a one-time charge between $1.5 million and $2 million in its third quarter.
Shares of Vitesse closed up $3.29 at $37.44 ahead of the announcement.
Compuware
For its fourth-quarter, Compuware (CPWR: news, msgs, alerts) reported earnings numbers that met lowered expectations, but its revenue didn't meet its forecasts.
Shares ticked up 1 cent to $11.02 on Island.
The Farmington Hills, Mich.-based maker of business software said that it earned $59.1 million, or 16 cents a share, before amortization costs. That compares with earnings of $57.5 million, or 15 cents a share, in the fourth quarter a year earlier.
Analysts on the average had expected the company to report a profit of 16 cents a share.
Revenue came in at $514.5 million, down from $582.1 million in the year-earlier quarter. Analysts had been expecting revenue of $533 million, on average.
In early April, Compuware (CPWR: news, msgs, alerts) said fourth-quarter revenue would fall below expectations, citing the effects of foreign currency exchange rates.
Ahead of the report, shares slid 2.2 percent to $11.01.
Celeritek
After the market closed, Celeritek (CLTK: news, msgs, alerts) reported a fourth-quarter loss that largely missed expectations and said it would reduce its workforce by 30 percent, with the majority of the reductions focused in the manufacturing area.
Celeritek said it would take an additional charge of $300,000 to $400,000 related to this downsizing in its first quarter of 2002.
Celeritek is also implementing a 10 percent pay cut for 25 percent of its employees, with company officers taking a 15 percent reduction.
The integrated circuit maker reported a net loss of $4.6 million, or 39 cents a share, excluding one-time charges. Analysts polled by First Call/Thomson Financial expected a loss of 17 cents a share.
Revenue totaled $18 million, down 26 percent compared with the third quarter and up 16 percent compared with the year-ago period.
The company added that first-quarter revenue would be in the range of $13 million to $14 million. Gross margin will continue to be hurt by the lower shipment level.
On Island, shares backpedaled more than 8 percent to $12. Shares closed up 25 cents to $13.10.
Cirrus
Austin, Texas-based Cirrus Logic (CRUS: news, msgs, alerts) , which makes chips used in MP3 and DVDs, said late Wednesday that it earned $4.6 million, or 6 cents a share, in the fourth quarter, vs. $3.7 million, or 5 cents a share, in the year ago period.
Cirrus, which warned on March 30 that it wouldn't meet analysts' profit estimates because some of its audio customers were having inventory issues, saw earnings come in line with revised estimates.
Shares rose 2.4 percent to $17.10 on Island.
Analysts polled by First Call/Thomson Financial expected Cirrus to earn an average of 6 cents a share, after first forecasting a consensus of 25 cents a share.
Also in the quarter, revenue grew 25 percent to $199.7 million from $160.2 million.
Shares of Cirrus closed up less than 1 percent at $16.70.
Buy.com
Online retailer Buy.com (BUYX: news, msgs, alerts) reported first-quarter results that showed a 40 percent decline in revenue and the company said revenue would fall again in the second quarter.
Aliso Viejo, Calif.-based Buy.com reported a pro forma net loss of $10.4 million, or 8 cents per share, compared with a pro forma net loss of $26.1 million, or 23 cents per share, in the first quarter of 2000.
Loss per share including all non-cash and restructuring charges was 33 cents for the first quarter compared to a loss of 28 cents in the same period a year ago.
Buy.com said revenue was $124.6 million, down 40 percent from $207.6 million in the same period a year ago. Going forward, Buy.com said second quarter revenue is expected to fall vs. the first quarter, but its pro forma loss is expected to decrease by approximately 50 percent.
Shares closed Nasdaq trading up 33 percent at 73 cents. On Island, shares slid 18 cents to 55 cents.
Macromedia
Macromedia (MACR: news, msgs, alerts) missed the consensus estimate by 5 cents a share when the company posted fourth-quarter earnings of $8.4 million, or 15 cents a share.
Last year, the maker of Web design software earned $16.8 million, or 30 cents a share in the fourth quarter.
Revenue totaled $89.1 million, compared with $86.4 million in the year-ago period.
The company said it would not provide financial guidance for the near term due to a lack of visibility.
Shares closed up $2.88 to $26.58 but traded as low as $21.54 in after-hours trading.
Niku
Software maker Niku said it would cut 25 percent of its staff, or 260 jobs, and warned that its first-quarter results won't live up to expectations amid the slowdown in corporate IT spending.
In evening trading action, shares plunged nearly 22 percent to $2.02.
The Redwood City, Calif.-based company (NIKU: news, msgs, alerts) said it sees a first-quarter pro forma loss in the range of 53 cents to 55 cents, excluding workforce reduction, asset impairment and licensed technology charges, vs. the loss of 21 cents analysts had been expecting.
Niku also said it expects to report revenue of $16 million to $17 million, lower than the $24.2 million consensus estimate of analysts surveyed by First Call.
Niku sees full-year revenue of $85 million to $90 million, missing analyst expectations of $159.6 million.
"The slowdown in corporate IT spending, the timing of new sales force hires, and product development cycles all impacted our results negatively," said Farzad Dibachi, chairman and CEO, in a statement.
Shares finished Nasdaq trading at $2.58, off 4.8 percent.
Asyst
Asyst Technologies (ASYT: news, msgs, alerts) reported fourth-quarter pro forma earnings of $1.8 million, or 5 cents a share, missing the Wall Street consensus estimate by 20 cents a share.
Shares fell more than 17 percent to $15.71 after the report.
During the same quarter last year, the company reported a gain of $12.2 million, or 34 cents a share. Pro forma net sales reached $113.4 million, up from $91 million last year.
"Our business climate changed significantly late in the fourth quarter," said Doug McCutcheon, CFO, which led to under absorption of manufacturing overhead costs.
Shares of the maker equipment used to clean semiconductor equipment closed flat at $19.12 during the regular session and were down to $16 in after-hours trading.
HotJobs.com
HotJobs (HOTJ: news, msgs, alerts) reported a first-quarter loss of $13.6 million, or 16 cents a share, beating the First Call consensus estimate by 1 cent a share.
During the same quarter last year, the Internet job recruiting company posted a loss of $12.3 million, or 38 cents a share.
First-quarter revenue jumped 142 percent to $33.6 million, which includes revenue from the acquisition of Resumix. Excluding the acquisition, revenue grew by 109 percent.
The company expects second-quarter revenue to increase by 38 to 41 percent compared with the second-quarter last year, but shrink by 6 to 8 percent sequentially from fourth-quarter 2000.
Shares closed up 18 cents at $5.40. In evening trading, shares rose 64 cents to $5.86.
Desweiteren Semi-belastend ist Asyst. Asyst ist ein Hersteller für Sterilräume für die Chipherstellung. Auch Asyst könnte nicht glänzen.
hier zu beachten ist noch die Aufstufung zu Handelsbeginn durch so ein Analysten
Die Futures ziehen im nachbörsl. Handel bereits 7 Punkte ins Minus. Im Chart von Ralph ist zu ersehen (siehe Shortsellingboard) wie wichtig dieser heutige Tag für die Semis ist!
have a look on it
silke
Tech shares stumble in evening action
Vitesse Semi, Celeritek, Niku to cut jobs
By Nicole Maestri, CBS.MarketWatch.com
Last Update: 7:17 PM ET May 2, 2001
NEW YORK (CBS.MW) -- The tech rally lost momentum in Wednesday's after-hours session, as disappointing earnings reports and word of job cuts in the sector surfaced after the closing bell.
Vitesse Semiconductor said it would cut 12 percent of its workers and take a third-quarter charge to cover the move, and integrated circuit maker Celeritek said it would reduce its work force by 30 percent. Watch video brief.
Also coming in with job cuts was software company Niku, which will slash 25 percent of its staff.
Shares of Buy.com fell better than 25 percent as its first-quarter revenue tumbled and the company said the same would happen in the second quarter. Macromedia's shares faltered after the software company failed to meet fourth-quarter analyst expectations.
On the upside, shares of Cirrus rose after the chip maker reported numbers that were in line with revised estimates. Compuware reported fourth-quarter numbers that met lowered earnings expectations, but missed on the revenue side.
And shares of HotJobs.com got a boost as the Internet company reported a narrower-than-expected loss.
The reports follow a strong day of trading for the Nasdaq, as tech stocks were able to maintain their momentum from Tuesday's late-day trading. Read Market Snapshot. In the evening session Tuesday, investors chose to shrug off negative earnings news in favor of the positive and send tech shares higher.
Vitesse Semiconductor
Vitesse Semiconductor Corp. announced Wednesday a 12 percent cut in its global workforce of 1,280.
On Island, shares slid 3.4 percent to $36.50.
The communications chipmaker said the cuts are in response to current market conditions, a slowdown in customer demand and the need to size the company to previously announced revenue expectations.
Senior managers at Vitesse (VTSS: news, msgs, alerts) will take 10-25 percent salary reductions to help reduce operating expenses.
The Camarillo, Calif. firm said it expects to record a one-time charge between $1.5 million and $2 million in its third quarter.
Shares of Vitesse closed up $3.29 at $37.44 ahead of the announcement.
Compuware
For its fourth-quarter, Compuware (CPWR: news, msgs, alerts) reported earnings numbers that met lowered expectations, but its revenue didn't meet its forecasts.
Shares ticked up 1 cent to $11.02 on Island.
The Farmington Hills, Mich.-based maker of business software said that it earned $59.1 million, or 16 cents a share, before amortization costs. That compares with earnings of $57.5 million, or 15 cents a share, in the fourth quarter a year earlier.
Analysts on the average had expected the company to report a profit of 16 cents a share.
Revenue came in at $514.5 million, down from $582.1 million in the year-earlier quarter. Analysts had been expecting revenue of $533 million, on average.
In early April, Compuware (CPWR: news, msgs, alerts) said fourth-quarter revenue would fall below expectations, citing the effects of foreign currency exchange rates.
Ahead of the report, shares slid 2.2 percent to $11.01.
Celeritek
After the market closed, Celeritek (CLTK: news, msgs, alerts) reported a fourth-quarter loss that largely missed expectations and said it would reduce its workforce by 30 percent, with the majority of the reductions focused in the manufacturing area.
Celeritek said it would take an additional charge of $300,000 to $400,000 related to this downsizing in its first quarter of 2002.
Celeritek is also implementing a 10 percent pay cut for 25 percent of its employees, with company officers taking a 15 percent reduction.
The integrated circuit maker reported a net loss of $4.6 million, or 39 cents a share, excluding one-time charges. Analysts polled by First Call/Thomson Financial expected a loss of 17 cents a share.
Revenue totaled $18 million, down 26 percent compared with the third quarter and up 16 percent compared with the year-ago period.
The company added that first-quarter revenue would be in the range of $13 million to $14 million. Gross margin will continue to be hurt by the lower shipment level.
On Island, shares backpedaled more than 8 percent to $12. Shares closed up 25 cents to $13.10.
Cirrus
Austin, Texas-based Cirrus Logic (CRUS: news, msgs, alerts) , which makes chips used in MP3 and DVDs, said late Wednesday that it earned $4.6 million, or 6 cents a share, in the fourth quarter, vs. $3.7 million, or 5 cents a share, in the year ago period.
Cirrus, which warned on March 30 that it wouldn't meet analysts' profit estimates because some of its audio customers were having inventory issues, saw earnings come in line with revised estimates.
Shares rose 2.4 percent to $17.10 on Island.
Analysts polled by First Call/Thomson Financial expected Cirrus to earn an average of 6 cents a share, after first forecasting a consensus of 25 cents a share.
Also in the quarter, revenue grew 25 percent to $199.7 million from $160.2 million.
Shares of Cirrus closed up less than 1 percent at $16.70.
Buy.com
Online retailer Buy.com (BUYX: news, msgs, alerts) reported first-quarter results that showed a 40 percent decline in revenue and the company said revenue would fall again in the second quarter.
Aliso Viejo, Calif.-based Buy.com reported a pro forma net loss of $10.4 million, or 8 cents per share, compared with a pro forma net loss of $26.1 million, or 23 cents per share, in the first quarter of 2000.
Loss per share including all non-cash and restructuring charges was 33 cents for the first quarter compared to a loss of 28 cents in the same period a year ago.
Buy.com said revenue was $124.6 million, down 40 percent from $207.6 million in the same period a year ago. Going forward, Buy.com said second quarter revenue is expected to fall vs. the first quarter, but its pro forma loss is expected to decrease by approximately 50 percent.
Shares closed Nasdaq trading up 33 percent at 73 cents. On Island, shares slid 18 cents to 55 cents.
Macromedia
Macromedia (MACR: news, msgs, alerts) missed the consensus estimate by 5 cents a share when the company posted fourth-quarter earnings of $8.4 million, or 15 cents a share.
Last year, the maker of Web design software earned $16.8 million, or 30 cents a share in the fourth quarter.
Revenue totaled $89.1 million, compared with $86.4 million in the year-ago period.
The company said it would not provide financial guidance for the near term due to a lack of visibility.
Shares closed up $2.88 to $26.58 but traded as low as $21.54 in after-hours trading.
Niku
Software maker Niku said it would cut 25 percent of its staff, or 260 jobs, and warned that its first-quarter results won't live up to expectations amid the slowdown in corporate IT spending.
In evening trading action, shares plunged nearly 22 percent to $2.02.
The Redwood City, Calif.-based company (NIKU: news, msgs, alerts) said it sees a first-quarter pro forma loss in the range of 53 cents to 55 cents, excluding workforce reduction, asset impairment and licensed technology charges, vs. the loss of 21 cents analysts had been expecting.
Niku also said it expects to report revenue of $16 million to $17 million, lower than the $24.2 million consensus estimate of analysts surveyed by First Call.
Niku sees full-year revenue of $85 million to $90 million, missing analyst expectations of $159.6 million.
"The slowdown in corporate IT spending, the timing of new sales force hires, and product development cycles all impacted our results negatively," said Farzad Dibachi, chairman and CEO, in a statement.
Shares finished Nasdaq trading at $2.58, off 4.8 percent.
Asyst
Asyst Technologies (ASYT: news, msgs, alerts) reported fourth-quarter pro forma earnings of $1.8 million, or 5 cents a share, missing the Wall Street consensus estimate by 20 cents a share.
Shares fell more than 17 percent to $15.71 after the report.
During the same quarter last year, the company reported a gain of $12.2 million, or 34 cents a share. Pro forma net sales reached $113.4 million, up from $91 million last year.
"Our business climate changed significantly late in the fourth quarter," said Doug McCutcheon, CFO, which led to under absorption of manufacturing overhead costs.
Shares of the maker equipment used to clean semiconductor equipment closed flat at $19.12 during the regular session and were down to $16 in after-hours trading.
HotJobs.com
HotJobs (HOTJ: news, msgs, alerts) reported a first-quarter loss of $13.6 million, or 16 cents a share, beating the First Call consensus estimate by 1 cent a share.
During the same quarter last year, the Internet job recruiting company posted a loss of $12.3 million, or 38 cents a share.
First-quarter revenue jumped 142 percent to $33.6 million, which includes revenue from the acquisition of Resumix. Excluding the acquisition, revenue grew by 109 percent.
The company expects second-quarter revenue to increase by 38 to 41 percent compared with the second-quarter last year, but shrink by 6 to 8 percent sequentially from fourth-quarter 2000.
Shares closed up 18 cents at $5.40. In evening trading, shares rose 64 cents to $5.86.