Internet
Xilinx (XLNX - Cramer's Take - Stockpickr) beat Wall Street's numbers but guided below estimates for the current quarter. The San Jose programmable-chip maker posted earnings of $103.6 million, or 35 cents a share. That compares with a profit of $90 million, or 30 cents a share, in the prior quarter. Analysts were looking for earnings of 32 cents a share, according to Yahoo Finance. Sales for the quarter ended last month were $474.8 million, up from $444.9 in the prior quarter and up from $451 million a year ago. Analysts expected $463.6 million in sales for the fiscal third quarter. "We fired on all cylinders this quarter," Chairman Wim Roelandts said in a press release. But looking ahead, the company says sales may be down slightly from fiscal third-quarter levels. For the fiscal fourth quarter ending in March, Xilinx says sales will be in a range between up 3% and down 1% sequentially. Analysts were looking for sales to grow about 4% sequentially. The company earlier this month named Moshe Gavrielov, an executive for Cadence Design(CDNS - Cramer's Take - Stockpickr), as its new CEO.
But the company's top-line forecast fails to inspire.
Down 55% in the last three months, the chipmaker's investors are looking for the road back.
In a celebratory mood? It's time to buy some formalwear.
The company should move on a purchase of South Korean rival Gmarket.
The Chinese Internet search company says Shawn Wang died Thursday.
These forgotten Internet stocks are being accumulated by hedge funds.
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
The GOP presidential candidate raised $27 million in July.
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
Sponsored by:



