Thursday's Tech Winners & Losers
09/14/06 - 11:04 AM EDT
Mark Martinez
Shares of Lattice Semiconductor(LSCC Quote - Cramer on LSCC - Stock Picks) were among technology's losers Thursday, falling 5% after the chipmaker narrowed its third-quarter revenue guidance.
The company now sees sequential sales growth of 1% to 3%, which implies revenue of $63.3 million to $64.6 million for the third quarter. Analysts polled by Thomson First Call project revenue of $64.3 million. Previously, the company predicted sales would be flat to up 4% from the second quarter. Lattice expects operating expenses of about $36 million, up $1 million from its earlier view. The company raised its forecast for "other income" to $4.2 million from $3.2 million. Shares were trading down 34 cents to $7.15. Diodes(DIOD Quote - Cramer on DIOD - Stock Picks) rose 9% after the chipmaker boosted its third-quarter revenue projection. The company now sees sequential growth of 9% to 11%, up from an earlier view of 4% to 7%. The new guidance implies third-quarter revenue of $90.1 million to $91.8 million. Analysts project revenue of $87.4 million. Diodes continues to predict a gross margin of about 33.2%. Shares were up $3.54 to $43.93. Shares of WebMethods(WEBM Quote - Cramer on WEBM - Stock Picks) fell 1% after the software company said its financial chief plans to leave by the end of the year. The company said that Mark Wabschall is resigning for family reasons. WebMethods has hired a search firm to help it find a new CFO. John Andary, a consultant and former interim financial chief of Covansys(CVNS Quote - Cramer on CVNS - Stock Picks), will serve as principal financial officer on an interim basis. WebMethods shares recently changed hands at $8.13, down 11 cents.
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