StreetInsider.com Pre-Open Movers 07/28
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StreetInsider.com Pre-Open Movers:
Rackable Systems (Nasdaq: RACK) 34% LOWER; reports Q2 EPS of $0.28, 6 cents better than estimates.(0.22) Revenues were $88.6 million vs. $84.26 million consensus. Disappointing guidance. Piper Jaffray downgrade
Genitope Corporation (Nasdaq: GTOP) 31% LOWER; A clinical trial for MyVax will be continue until December 2007. Study to stay blinded.
Sierra Wireless (Nasdaq: SWIR) 29.3% LOWER; reports Q2 EPS of $0.15, 5 cents better than estimates.(0.10) Revenues were $55.2 million vs. $52.05 million consensus. Sees Q3 EPS of $0.00 vs. $0.12 consensus. Sees Q3 revenues of $51 million vs. $57.4 million consensus.
Forward Industries Inc. (Nasdaq: FORD) 27% LOWER; reports Q3 results. CEO to step down.
Genesis Microchip (Nasdaq: GNSS) 18% HIGHER; reports Q1 EPS of $0.11 (ex-items), may not be comparable to consensus of -$0.01. Revenues were $55.9 million vs. $57.86 million consensus
McAfee (NYSE: MFE) 14% LOWER; reports preliminary Q2 EPS of $0.30, 1 cent worse than estimates.(0.31) Revenues were $277.4 million vs. $272.68 million consensus. Sees Q3 EPS between $0.26-0.32 vs. $0.33. Sees FY EPS between $1.20-1.40 vs. $1.37 consensus.
Sohu.com (Nasdaq: SOHU) 8.8% LOWER; reports Q2 EPS of $0.22, 4 cents better than estimates.(0.18) Revenues were $34.1 million vs. $33.30 million consensus. Sees Q3 EPS between $0.19-0.21 vs. $0.20 consensus.
Technitrol (NYSE: TNL) 8.4% HIGHER; reports Q2 EPS of $0.38, 3 cents better than estimates.(0.35) Revenues were $239.2 million vs. $217.35 million consensus. Sees Q3 revenues slightly above Q2 ($239.2 million) vs. consensus of $219.1 million. NOTE - Q2 EPS excluding items is $0.47
ON Semiconductor (Nasdaq: ONNN) 7.6% HIGHER; reports Q2 EPS of $0.20, 7 cents better than estimates.(0.13) Revenues were $375.3 million vs. $354.53 million consensus. Sees Q3 revenues between $400-415 million vs. $372 million consensus
RealNetworks (Nasdaq: RNWK) 7% LOWER; reports Q2 EPS of $0.22 (adjusted EPS was $0.03) vs. consensus of $0.20. Revenues were $89.4 million vs. $89.43 million consensus. Sees Q3 revenues between $91-94 million vs. $95.3 million. Sees FY revenues between $365-375 million vs. $372.1 million consensus.
Lawson Software (Nasdaq: LWSN) 6.55% HIGHER; sees Q4 revenues between $125-126 million vs. $110.42 million consensus. Sees GAAP net loss between $0.07-0.09. Company CFO to leave October 31. Deutsche Bank upgrades to Buy
Mercury Computer (Nasdaq: MRCY) 5.5% LOWER; reports Q4 EPS of $0.18, 9 cents better than estimates.(0.09) Revenues were $62.2 million vs. $61.37 million consensus. Sees Q1 loss between $0.11-0.17 vs. consensus of $0.12 profit. Sees FY07 EPS of $0.29 vs. consensus of $0.69 (may not be comparable)
Netgear Inc. (Nasdaq: NTGR) 4% HIGHER; reports Q2 earnings of $0.30 per share, 2 cents better than estimates. Revenues came in at $130.7 million versus the consensus of $127.6 million. Sees Q3 revenue of $138-$143 million versus the consensus of $134.5 million. Company to acquire SkipJam for up to $9M
Deckers Outdoor (Nasdaq: DECK) 4% HIGHER; reports Q2 EPS of $0.21, 16 cents better than estimates.(0.05) Revenues were $41.7 million vs. $39.75 million consensus.
Rambus (Nasdaq: RMBS) 4% HIGHER; accepts $133.6 million in damages from Hynix
Chevron Corp. (NYSE: CVX) 3.3% LOWER; reports Q2 EPS of $1.97 versus the consensus of $2.21. Sales were $52 billion versus the consensus of $60.4 billlion.
PortalPlayer (Nasdaq: PLAY) 2.7% HIGHER; reports Q2 EPS of $0.05, 6 cents better than estimates.(-.01) Revenues were $34.6 million vs. $34.86 million consensus. Sees Q3 EPS between $0.00-0.08 vs. consensus for a $0.06 loss. Sees Q3 revenues between $32-34 million vs. $25.7 million consensus.
THQ Inc (Nasdaq: THQI) 1% HIGHER; reports a Q1 loss of $0.16, 4 cents better than estimates.(-.20) Revenues were $138.8 million vs. $127.73 million consensus. Sees FY EPS between $0.90-1.00 vs. $0.92 consensus. Sees FY revenues between $900-950 million vs. $934 million consensus.
RadiSys Corp (Nasdaq: RSYS) INDICATED HIGHER; reports Q2 EPS of $0.20, 6 cents better than estimates.(0.14) Revenues were $84.5 million vs. $74.24 million consensus. Sees Q3 EPS between $0.17-0.20 vs. $0.17 consensus. Sees Q3 revenues between $80-85 million vs. $76.6 million consensus. Company to acquire Convedia.
Inter-Tel Incorporated (Nasdaq: INTL) INDICATED HIGHER; Steven G. Mihaylo, the founder, former Chairman and Chief Executive Officer and largest shareholder of Inter-Tel together with Vector Capital Corporation, announced that they have resubmitted their offer to the Board of Directors of Inter-Tel to acquire all of the outstanding common shares of the Company, other than shares that Mr. Mihaylo will contribute to the transaction, for $22.50 per share in cash.
Rackable Systems (Nasdaq: RACK) 34% LOWER; reports Q2 EPS of $0.28, 6 cents better than estimates.(0.22) Revenues were $88.6 million vs. $84.26 million consensus. Disappointing guidance. Piper Jaffray downgrade
Genitope Corporation (Nasdaq: GTOP) 31% LOWER; A clinical trial for MyVax will be continue until December 2007. Study to stay blinded.
Sierra Wireless (Nasdaq: SWIR) 29.3% LOWER; reports Q2 EPS of $0.15, 5 cents better than estimates.(0.10) Revenues were $55.2 million vs. $52.05 million consensus. Sees Q3 EPS of $0.00 vs. $0.12 consensus. Sees Q3 revenues of $51 million vs. $57.4 million consensus.
Forward Industries Inc. (Nasdaq: FORD) 27% LOWER; reports Q3 results. CEO to step down.
Genesis Microchip (Nasdaq: GNSS) 18% HIGHER; reports Q1 EPS of $0.11 (ex-items), may not be comparable to consensus of -$0.01. Revenues were $55.9 million vs. $57.86 million consensus
McAfee (NYSE: MFE) 14% LOWER; reports preliminary Q2 EPS of $0.30, 1 cent worse than estimates.(0.31) Revenues were $277.4 million vs. $272.68 million consensus. Sees Q3 EPS between $0.26-0.32 vs. $0.33. Sees FY EPS between $1.20-1.40 vs. $1.37 consensus.
Sohu.com (Nasdaq: SOHU) 8.8% LOWER; reports Q2 EPS of $0.22, 4 cents better than estimates.(0.18) Revenues were $34.1 million vs. $33.30 million consensus. Sees Q3 EPS between $0.19-0.21 vs. $0.20 consensus.
Technitrol (NYSE: TNL) 8.4% HIGHER; reports Q2 EPS of $0.38, 3 cents better than estimates.(0.35) Revenues were $239.2 million vs. $217.35 million consensus. Sees Q3 revenues slightly above Q2 ($239.2 million) vs. consensus of $219.1 million. NOTE - Q2 EPS excluding items is $0.47
ON Semiconductor (Nasdaq: ONNN) 7.6% HIGHER; reports Q2 EPS of $0.20, 7 cents better than estimates.(0.13) Revenues were $375.3 million vs. $354.53 million consensus. Sees Q3 revenues between $400-415 million vs. $372 million consensus
RealNetworks (Nasdaq: RNWK) 7% LOWER; reports Q2 EPS of $0.22 (adjusted EPS was $0.03) vs. consensus of $0.20. Revenues were $89.4 million vs. $89.43 million consensus. Sees Q3 revenues between $91-94 million vs. $95.3 million. Sees FY revenues between $365-375 million vs. $372.1 million consensus.
Lawson Software (Nasdaq: LWSN) 6.55% HIGHER; sees Q4 revenues between $125-126 million vs. $110.42 million consensus. Sees GAAP net loss between $0.07-0.09. Company CFO to leave October 31. Deutsche Bank upgrades to Buy
Mercury Computer (Nasdaq: MRCY) 5.5% LOWER; reports Q4 EPS of $0.18, 9 cents better than estimates.(0.09) Revenues were $62.2 million vs. $61.37 million consensus. Sees Q1 loss between $0.11-0.17 vs. consensus of $0.12 profit. Sees FY07 EPS of $0.29 vs. consensus of $0.69 (may not be comparable)
Netgear Inc. (Nasdaq: NTGR) 4% HIGHER; reports Q2 earnings of $0.30 per share, 2 cents better than estimates. Revenues came in at $130.7 million versus the consensus of $127.6 million. Sees Q3 revenue of $138-$143 million versus the consensus of $134.5 million. Company to acquire SkipJam for up to $9M
Deckers Outdoor (Nasdaq: DECK) 4% HIGHER; reports Q2 EPS of $0.21, 16 cents better than estimates.(0.05) Revenues were $41.7 million vs. $39.75 million consensus.
Rambus (Nasdaq: RMBS) 4% HIGHER; accepts $133.6 million in damages from Hynix
Chevron Corp. (NYSE: CVX) 3.3% LOWER; reports Q2 EPS of $1.97 versus the consensus of $2.21. Sales were $52 billion versus the consensus of $60.4 billlion.
PortalPlayer (Nasdaq: PLAY) 2.7% HIGHER; reports Q2 EPS of $0.05, 6 cents better than estimates.(-.01) Revenues were $34.6 million vs. $34.86 million consensus. Sees Q3 EPS between $0.00-0.08 vs. consensus for a $0.06 loss. Sees Q3 revenues between $32-34 million vs. $25.7 million consensus.
THQ Inc (Nasdaq: THQI) 1% HIGHER; reports a Q1 loss of $0.16, 4 cents better than estimates.(-.20) Revenues were $138.8 million vs. $127.73 million consensus. Sees FY EPS between $0.90-1.00 vs. $0.92 consensus. Sees FY revenues between $900-950 million vs. $934 million consensus.
RadiSys Corp (Nasdaq: RSYS) INDICATED HIGHER; reports Q2 EPS of $0.20, 6 cents better than estimates.(0.14) Revenues were $84.5 million vs. $74.24 million consensus. Sees Q3 EPS between $0.17-0.20 vs. $0.17 consensus. Sees Q3 revenues between $80-85 million vs. $76.6 million consensus. Company to acquire Convedia.
Inter-Tel Incorporated (Nasdaq: INTL) INDICATED HIGHER; Steven G. Mihaylo, the founder, former Chairman and Chief Executive Officer and largest shareholder of Inter-Tel together with Vector Capital Corporation, announced that they have resubmitted their offer to the Board of Directors of Inter-Tel to acquire all of the outstanding common shares of the Company, other than shares that Mr. Mihaylo will contribute to the transaction, for $22.50 per share in cash.
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