Eps

SAP: Pacific Crest Cuts Ests; Sees Layoffs Ahead — Pacific Crest’s Brendan Barnicle this morning trimmed his earnings estimates on SAP (SAP), asserting that after a solid start to the fourth quarter, “checks have weakened.” He says that his contacts “are increasingly cautious about SAP’s ability to meet estimates.” Barnicle cuts his Q4 estimates to revenue of 3.5 billion Euros and EPS of 70 Euro cents a share, down from 3.63 billion Euros and 75 Euro cents. For 2009, he goes to 12.3 billion Euros and 1.98 a share, from 12.76 billion and 2.05. He says license revenue in 2009 is likely to decline from 2008. Barnicle also contends... [Tags: brendan barnicle, checks, earnings estimates, economic recovery, eps]

Juniper: S&P Downgrades To Sell — Standard & Por’s telecom analyst Ari Bensinger today cut his rating on Juniper Networks (JNPR) to Sell from Buy. “The downgrade reflects our view of worse growth prospects for ‘09 than we had previously thought, with customers continuing to scrutinize spending budgets amid a softening economy,” he writes. “We see service providers tightening capex even on broadband projects, which have been an important driver of growth for JNPR. We also believe that the current enterprise spending weakness in the U.S. is spreading globally.” Bensinger cut his ‘08 EPS estimate to $1, from $1.03; for ‘09 he goes to $1.15, from... [Tags: amp, ari, budgets, downgrades, economy]

Cell Phones: Oppenheimer Sees Q4 Units Flat Vs. Q3; Cuts ‘09 View; Trims Ests On MOT, NOK, RIMM, RFMD, CELL — Conditions in the global handset market continue to deteriorate, according to Oppenheimer analyst Ittai Kidron. Kidron now sees global handset sell-in for Q4 of 315 million units, flat with Q3, and below the recent Nokia forecast of 330 million units. He says that checks find production cuts by OEMs, inventory reduction by carriers and weaker sell through in most regions, especially in November. He still sees a 5% decline in 2009 handset sales, but off a lower base: his forecast is now for 1.168 billion handsets next year, down from 1.229 billion. At the same time, Kidron says that we... [Tags: brightpoint, brooklyn, cautious view, crunch time, eps]

Yahoo: Cowen Has Serious Doubts On Miller-Led Bid; Raising $30 Billion Would be “Extremely Difficult” — Cowen’s Jim Friedland this afternoon has weighed in on the WSJ report that former AOL exec Jonathan Miller is trying to raise cash for a bid for Yahoo, and finds the proposition to be something of a long shot. In a brief research note, he raises two key issues: Capital: He says it would be “extremely difficult” to raise the $28 billion to $31 billion that would be needed to close a deal at the $20-$22 a share price level asserted in the story. Price: He says the valuation at $21 would be 9x EV/EBITDA and 29x forward earnings, levels... [Tags: aol exec, cowen, current market, d note, doubts]

Garmin Shrs Falling As GPS Device Prices Crumble — Garmin (GRMN) shares are under pressure on concerns about rampant discounting of GPS devices. Analysts at both Wedbush Morgan and Deutsche Bank today expressed concerned about the trend, bringing down their target price for the stock. Wedbush Morgan’s Scott Sutherland cut his target on the stock to $19, from $26. He cut his 2008 EPS estimate to $3.63, from $3.72; for 2009, he goes to $3.14, from $3.52. The estimate cuts, he writes, reflect “a weakening consumer, likely leaner channel inventory, and channel checks.” He says checks at some Southern California retailers over the weekend found good demand for personal... [Tags: barriers to entry, black friday, channel inventory, consumer electronics retailers, deutsche bank]

Black Friday: 13 Macs per hour — Piper Jaffray analyst Gene Munster and his research team spent 10 hours counting Mac and iPhone sales in five Apple retail stores during the post-Thanksgiving shopping frenzy, and this is what they saw: Discounts on seven items (including some Macs but no iPhones) that averaged about 8% off. Mac sales that averaged 13 per hour, up from 2 per hour clocked earlier in November. iPhone sales that averaged 3.4 per hour (not including iPhone gift cards), up from 1.3 per hour . Munster’s conclusion: Macs are selling better than expected this holiday season; iPhone sales are in line with expectations,... [Tags: accounting principles, apple retail stores, black friday, early monday morning, eps]

LDK Solar: S&P Downgrades To “Strong Sell” — Standard & Poor’s analyst Angelo Zino today cut his rating on LDK Solar (LDK) to Strong Sell from Hold, to reflect “reduced wafer pricing and higher execution risk.” Zino said he expects the company’s average wafer price to fall about 35% next year, “as oversupply and lower polysilicon costs reduce the pricing power of the company’s silicon wafers.” He keeps his 2008 EPS estimate of $2.60, but cuts ‘09 to $1.97 from $4.20. (The Street consensus is $4.25.) Zino chops his price target on the stock to $11, from $17. LDK today is down $2.61, or 16.9%, to $12.87.... [Tags: amp, consensus, downgrades, eps, execution]

Jabil: Cowen Cuts ‘09 View As Business Deteriorates — Cowen’s Louis Miscioscia this morning cut his FY August 2009 EPS estimate for contract manufacturer Jabil Circuit (JBL) to 91 cents, from $1.25, leaving him well below the Street consensus of $1.19. The company earned $1.12 a share in fiscal 2008. He also cut his revenue forecast for the year by $800 million, to $12.25 billion. Miscioscia said the estimate cut reflects the fact that business has “deteriorated” since the company reported results in late September. While he maintains an Outperform rating on the stock, he cautions that for this sector, “it always seems that bad news is never in... [Tags: bad news, consensus, contract electronics manufacturers, contract manufacturer, cowen]

Blue Nile: Cowen Cuts Ests After Tiffany’s Ugly Outlook — Blue Nile (NILE) shares are trading lower this morning after negative comments on the stock by Cowen analyst Jim Friedland. Friedland today cut his 2008 EPS estimate for the online diamond merchant to $1.13, from $1.14; for 2009, he goes to 99 cents, from $1.03. Friedland said the cuts were triggered by weak results from Tiffany (TIF), which on Wednesday reduced its outlook for the year due to the weakness in consumer spending. In October, Tiffany reported U.S. same store sales down 21%, excluding its flagship New York store; for the October quarter, same-store sales were down 16%. Tiffany said... [Tags: blue nile, consensus estimates, consumer spending, cowen, diamond jewelery]

Viacom Earnings Growth Stuck in Neutral — Analysts project EPS will not grow over the next year, and that should give investors pause.... [Tags: earnings growth, eps, investors, viacom]

All I want for Christmas is 50 hours with The Real Ghostbusters - VIDEO — Filed under: TV on DVD, Video, Animation, Reality-FreeFinally. Time Life has released the long-awaited The Real Ghostbusters: The Complete Collection on DVD. And it's frackin' loaded. The mammoth $179.99 set features all 147 eps of The Real Ghostbusters, plus more than twelve hours of extras, all packed in a box with hologram panels that resembles the firehouse from the show. Looks like I'm gonna have to sell my car. For $179.99.I won't go on about how this animated spinoff of the Ghostbusters movie was the best thing on Saturday morning in the late 80s and early 90s (but it was),... [Tags: 80s, all i want for christmas, boogeyman, casual conversation, christmas]

Chips: Citi Cuts Price Targets On 10 Semi Stocks — The evidence mounts: conditions in the chip are even worse than the Street had anticipated. Ergo, analysts continue to cut estimates. Yesterday, Friedman Billings Ramsey analyst Craig Berger made wholesale estimate and target reductions on the chip sector. Today, Citigroup’s Glen Yeung made a similar move. “Our cuts reflect poor end demand, inventory reductions and an absence of credit in the supply chain that conspired to make October particularly difficult for chipmakers,” he writes. On the other hand, he thinks the conditions were so bad as to be “unsustainable,” and that November hasn’t been any worse than October for some... [Tags: advanced micro devices, altera, capitulation, chip sector, citigroup]

Broadcom: Demand Trends Weak, Raymond James Says — Raymond James chip analyst J. Steven Smigie this morning cut his rating on Broadcom (BRCM) to Market Perform from Outperform, citing his view that “order trends are continuing to weaken as Q4 progresses.” The weak economy is one factor in the downgrades, but he sees some specific issues for Broadcom: Key customers Cisco (CSCO) and Hewlett-Packard (HPQ) are guiding for less-than-seasonal performance. He expects the set-top box market to “soften meaningfully” heading into Q1. Broadcom may see lower-than-expected baseband revenue from Samsung, he says. Increased competition in Bluetooth will mean lower revenue from that segment than previously expected, he asserts.... [Tags: brcm, broadcom, cisco, csco, demand trends]

TiVo has partnered up with Mobui to create a web-based method that you can use to schedule recordings to your TiVo DVR. We saw a similar mobile solution announced back in September, but that was specific to RIM's BlackBerry devices and I don't think it's live yet. With Mobui, TiVo can offer a way to remotely record television content through any "mobile phone type, carrier or mobile browser." To schedule recordings, you'll want to point your phone browser to http://m.tivo.com. There you can search content listings by actor, title, director, or keyword and Mobui says that Daily Recommendations and... [Tags: blackberry, content listings, eps, guide software, iphone]

What Mike is thankful for — Filed under: OpEd, Battlestar Galactica, Smallville, The Daily Show, Stargate, Doctor Who, The Office, 30 Rock, The Sarah Connor Chronicles, Reality-FreeNo one's watching Terminator, the Dollhouse problems persist, and too many of my favorite shows are on hiatus until next year. Grrr! Argh! Still, I love TV, and now's the time to look on the bright side and give thanks for all the good stuff I've watched this season.This year, I'm thankful for:Battlestar Galactica - This last season has been challenging but thrilling to watch. Actually, that about sums up the entire run of the series. I'm confident that the... [Tags: battlestar galactica, beta, daily show, dead like me, doctor who]

RIM To Blow Q3, Says Citi (RIMM) — BlackBerry maker Research In Motion just launched three new smartphones, including the touchscreen BlackBerry Storm, which went on sale last Friday. But RIM is at risk of missing its subscriber growth numbers for its third quarter that ends Nov. 29, Citi's Jim Suva said this morning. Why? The new Storm sold out immediately in many Verizon stores. But there's a delay in availability: Verizon only says devices ordered online now will ship "by 12/15." Why? It seems reports of software glitches delaying Verizon's shipments might be accurate. Verizon (VZ) hasn't gotten back to us regarding our report over the weekend,... [Tags: blackberry pearl, citi, eps, g1, goog]

xChange Offers Energy Efficiency Automation for Manufacturers — Screenshot via Earth2Tech xChange Point is an energy efficiency tool offered by Eps Corp, an energy management company, which supposedly will offer an immediate return on investment to manufacturing companies, thanks to energy savings and zero upfront capital costs. The tool is a software interface and hardware that attaches to manufacturing systems and machinery. It will provide real-time monitoring of energy use – pretty much exactly how... [Tags: automation, efficiency tool, energy efficiency, energy management company, energy savings]

Dell misses on sales, beats on EPS — Dell said the global economic slowdown has consumers and businesses pulling back on technology spending, when it reported third-quarter results Thursday.... [Tags: consumers, dell, eps, global economic slowdown, third quarter results]

Novellus Cuts Guidance As Demand Plummets — In a mid-quarter conference call with the Street this afternoon, Novellus Systems (NVLS) reduced its guidance for Q4 orders, shipments, revenue and profits, citing the continued deterioration of the market for semiconductor equipment. CEO Rick Hill went as far as saying that the market has deteriorated further in just the last week. Here are details on the new guidance: Orders: Down 25%-35%, compared to previous guidance of up 5% to down 15%. Shipments: $185 million to $200 million, versus $220 million to $245 million previously. Revenue: $207 million to $217 million, versus $230 million to $243 million previously. EPS: Breakeven... [Tags: breakeven, carrying value, ceo, conference call, deterioration]

First Solar: FBR Trims Ests, Slashes Target; Stock Drops — Friedman Billings Ramsey solar analyst Mehdi Hosseini this morning cut his 2009 EPS estimate for First Solar, asserting that the company’s new U.S. strategy of entering the distributed, rooftop segment - as opposed to the utility market - is “already facing headwinds.” Hosseini cut his 2009 EPS estimate to $6.90, from $7.08; for 2010 he goes to $6.61, from $7.68. (Yes, he now sees a down year in 2010.) He adds that the company’s own 2009 target of revenue of $2 billion to $2.1 billion appears “at risk.” “We believe that the distributed segment is where the levelized cost using... [Tags: 1 billion, asps, developers, economics, eps]