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Boston Scientific Corporation Message Board

bigchad789 17 posts  |  Last Activity: Jul 11, 2014 7:55 AM Member since: Oct 6, 2009
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  • Nanya Technology raises outlook on robust demand

    By Lisa Wang / Staff reporter
    PC DRAM chipmaker Nanya Technology Corp yesterday raised its business outlook for the current quarter, saying that robust demand would boost chip prices by 5 percent sequentially rather than 2 percent, as strong momentum had helped boost revenue to exceed its expectations last quarter.
    “In the third quarter, we are seeing strong demand from almost all segments, including PCs, servers and handsets, because of seasonal factors,” Nanya Technology vice president Lee Pei-ing (李培瑛) said by telephone. “We are expecting supply constraint to take place in the third quarter.”
    Memory chips used in PCs, servers and mobile phones account for about 80 percent of Nanya Technology’s revenue.
    Last quarter, the company’s revenue inched up 1.97 percent to NT$11.92 billion (US$398 million) from NT$11.69 billion in the previous quarter, Nanya Technology reported on its Web site.
    Lee attributed the growth to a milder-than-expected 3 percent price decline. In April, the company forecast that the average selling price of its chips would slide 5 percent sequentially last quarter.
    “The latest figures and overall market situation are all better than expected,” Lee said. “Chip price started to rebound in April and continued rising by 5 percent month-on-month last month.”
    Meanwhile, Inotera Memories Inc , a DRAM joint venture between Nanya Technology and US-based Micron Technology Inc, yesterday said revenue contracted 5 percent to NT$7.11 billion last month from NT$7.49 billion in May, with second-quarter revenue increasing 6.77 percent to NT$21.6 billion from NT$20.23 billion in the first quarter.

    Sentiment: Strong Buy

  • bigchad789 bigchad789 Jul 4, 2014 9:28 PM Flag

    July 3, 2014, 3:47 P.M. ET
    Intel, Linear: May Chip Data Healthy, Says Wells; DRAM Run Can’t Last

    By Tiernan Ray

    Wells Fargo’s semiconductor analyst David Wong today offers up positive news on the industry, writing that data released by the Semiconductor Industry Association showed an 11% rise in chip sales in May, year over year, better than April’s 9% increase.

    Wong, who rates shares of Intel (INTC), Linear Technology (LLTC), Micrel (MCRL), and Qualcomm (QCOM) Outperform, writes that “the solid growth numbers of the last few months suggest firm demand for chips and support our full year growth projection for 2014 of 8-12%.”

    He notes that IC sales were up 11%, analog chip sales were up 17%, and DRAM sales wre up a whopping 30%, better than the 25% DRAM jump in April, and the same as March’s increase.
    Wong thinks DRAM can’t continue on this upward surge, and he’s also skeptical of the fervor for NAND chip makers, and he has an Underperform rating on shares of one of them, Micron Technology (MU):
    We think that it is improbable that global DRAM sales can truly grow at 25-70% year-over-year for more than a brief period. We expect decelerating bit growth and falling pricing to drive down DRAM sales growth through 2014. NAND sales declined 7% year-over-year in May, after decreasing 8% in April and increasing 2% year-over-year in March. We think that these are unimpressive growth numbers for a sector that we believe most investors view as having higher-than-average secular growth potential.

    Sentiment: Strong Buy

  • Reply to

    Getting Overheated

    by joeschmo_4 Jul 1, 2014 11:17 AM
    bigchad789 bigchad789 Jul 1, 2014 11:31 AM Flag

    they were saying that at $

    Sentiment: Strong Buy

  • Reply to

    Tax inversion....

    by bigchad789 Jun 18, 2014 11:03 PM
    bigchad789 bigchad789 Jun 19, 2014 7:38 AM Flag

    thanks jaret

    Sentiment: Strong Buy

  • bigchad789 by bigchad789 Jun 18, 2014 11:03 PM Flag

    Help Please!! Are there any accountants out there? I just had a thought pop in my head......With all this talk of tax inversions driving M and A, would it be beneficial to Micron to move it's address from Idaho to Japan where Elpida is located? What about Taiwan where they have a big stake in Inotera? Maybe they can buy out what they don't own from Nanya and move there? Would it even be possible or legal? Thanks for any insight anyone can add!!! Jaret Wilson are you out there? Have you thought about this?

    Sentiment: Strong Buy

  • This time Nomura ups target to $40........

    Sentiment: Strong Buy

  • from $30 to $50.............yipeeeeeeeeeeee. I'm still keeping my $75 end of 2015 target:)

    Sentiment: Strong Buy

  • bigchad789 by bigchad789 Jun 10, 2014 7:51 PM Flag

    upgraded micron to $40 and Sandisk to $120

    Sentiment: Strong Buy

  • Over $5 in Earnings next year and $75-$100 stock price by end of 2015. Mu owns 33% of Inotera, which is up over 2000% while MU is up 400%. And here is something else to chew on........

    Nanya expects DRAM price hikes in Q3

    Taipei, June 6 (CNA) Nanya Technology Corp., one of Taiwan's leading DRAM suppliers, said Friday that with the industry set to enter its peak season in the third quarter, the company expects DRAM prices to rise 2 percent from the previous quarter.

    On the sidelines of Nanya's annual general meeting, Lee Pei-ing, senior vice president of Nanya, said that with demand for mobile devices expected to remain strong and the server market's growth on track, the company is upbeat about the DRAM price movement for the July-September period.

    In addition, prices of DRAM for PC use have shown signs of a rebound, which could give another boost to product prices in the upcoming quarter, Lee said.

    Last year, Nanya turned a profit after posting NT$8.11 billion (US$270 million) in net profit, or NT$0.34 in earnings per share (EPS) at a time when the global DRAM industry hit a turning point due to efforts by several major suppliers to rein in supply, which helped to boost product prices.

    In the first quarter of this year, Nanya posted NT$6.12 billion in net profit, up from NT$3.96 billion in the fourth quarter. The first-quarter net profit hit the highest level recorded by the company in 29 quarters.

    In the January-March period, DRAM chips made on the 30 nanometer process accounted for 70 percent of its total sales. The company is scheduled to launch production of memory chips made on the more advanced 20nm process in the second half of 2016.
    In the meeting, a proposal to cut Nanya's paid-in capital by 90 percent was approved. Lee said the capital reduction plan remains pending approval from the financial authorities, but he expressed hope that the capital cut plan will be realized by the end of June.

    Sentiment: Strong Buy

  • if they found a company to buy that is based in one of these tax friendly countries. Given what is going on in medtech/pharma, don't think for a second BSX isn't thinking long and hard about this.

    Sentiment: Strong Buy

  • bigchad789 bigchad789 May 29, 2014 8:06 AM Flag

    Inotera up from $2 (TWD) to $42 (TWD) since Nov 2012 (2000% gain). It makes Micron 400% gains in that same time period look very small. Wall Street usually assigns a PE around a stocks earnings growth, and if Micron goes from $4 this year to $5 earnings next year, well that's 25% earnings growth. You can do the math. I think Micron is starting to make a move that will make even the prior year look small on an absolute basis (not on percentage basis)..........

    Sentiment: Strong Buy

  • bigchad789 bigchad789 May 28, 2014 6:57 PM Flag

    Einhorn on CNBC did not give a price target on Micron because he didn't want to move the market. When he originally invested at $17 per share he was expecting $3.50-$4.00 earning per share and things have only gotten better since then. Micron will earn $5 in 2015. Apply CONSERVATIVE PE of 12, $60 stock. I however think PE expansion is in the cards as more people come to terms that this is sustainable earning growth and a PE of at least 15-20 (market/industry multiple) should be applied. $75-100 in next two years!!!!!! That's my post for the month as I can barely tolerate this board anymore, all you monkeys can go back to talking about trading your dimes now;) GLTA LONGS

    Sentiment: Strong Buy

  • Inotera Memories Inc (華亞科技) yesterday revised upward its financial forecast for this quarter after better-than-expected demand boosted its price and gross margins.
    Inotera — a DRAM venture launched jointly by Micron Technology Inc and Nanya Technology Corp (南亞科技) — said that it expects the current growth momentum to continue into the next quarter, driven by strong seasonal demand and slim supply-chain inventory.
    In the current quarter, “market prices are set to be higher than in the first quarter, instead of remaining flat, as we had expected a month ago,” chairman Charles Kau (高啟全) told an investors’ conference organized yesterday by the Taiwan Stock Exchange Corp.
    “Demand for PCs has been surprisingly strong in the second quarter and inventory has been low,” Kau added.
    That should lead to an upward revision of Micron’s latest forecast of a 5 percent compound annual growth rate for DRAM chips used in PCs from last year to 2017, he said.
    Wafer output is expected to grow 5 percent sequentially this quarter, faster than Inotera’s original prediction of a 1 percent increase, Kau said, adding that the company also predicts that its gross margin will surge this quarter, even though it already reached a historic high of 54 percent in the previous quarter.
    Inotera had originally expected gross margin to be unchanged this quarter.
    “We are optimistic about the third quarter, which is a hot season [for electronics industry],” he said.
    Providing a bigger-picture outlook for the DRAM industry as a whole, the Inotera chairman said that DRAM chip prices would probably remain stable this year and the next because of limited growth in supply and increasing demand driven by diverse applications of the chips.
    UBS Securities analyst Nicolas Gaudois yesterday forecast the joint venture’s revenue to climb to NT$78.14 billion (US$2.59 billion) this year, compared with the NT$58.99 billion reported last year.

    Sentiment: Strong Buy

  • Micron likely to hike DRAM chip prices
    Josephine Lien, Taipei; Steve Shen, DIGITIMES [Wednesday 30 April 2014]
    Micron Technology is likely to hike prices for DRAM chips in May due to low inventory levels in the supply chain and insufficient supply of memory chips from Samsung Electronics and SK Hynix, according to industry sources.

    Samsung reportedly was hit by low yield rates while migrating the production of 20,000 wafer starts for DRAM chips to 25nm process and therefore is unable to fulfill orders from the PC OEM contract clients, the sources noted.

    Meanwhile, the resumption of operation at SK Hynix's fire-damaged memory chip plant in Wuxi, China was reportedly jeopardized again by newly installed machinery, affecting overall supply in the market, the sources added.

    Some downstream memory device makers indicated that Micron has officially raised its quotes for May to reflect volatile supplies in the market.

    Sentiment: Strong Buy

  • Reply to

    Nomura analyst this AM.......

    by bigchad789 Apr 28, 2014 8:45 AM
    bigchad789 bigchad789 Apr 28, 2014 9:40 AM Flag

    hold, don't you know that most of the people on this board would rather hear about what the stock has done in the last hour and what it will do for the next hour. This board has turned into one big complete useless wasteland full of daytraders and wannabe analysts pretending to know EXACTLY where Micron stock price will be at any given moment, which is why I spend a lot less time here than I used to. Nonetheless, once in a while I feel compelled to offer up some useful info amid all the garbage. Thanks for the positive thoughts, keep holding and we might see Micron at $40 by years end and $50-60 by next year (if not higher) as they will approach $5/share in earnings per a couple of analysts I follow.

    Sentiment: Strong Buy

  • Nomura Securities analyst Sidney Ho reiterated a Buy rating and $30 price target on Micron Technology (NASDAQ: MU) saying 2nd-half 2014 supply-demand looks favorable.

    Ho commented, "We hosted investor meetings with Ivan Donaldson, Micron's Director of Investor Relations, last week. PC DRAM supply appears to have tightened in the near term, but it is unclear whether that is driven by yield issues or continued mix shift away from PC. Currently, there is shortage for both PC and mobile DRAM. Longer term, the three remaining DRAM suppliers are incentivized to maximize returns (ROA, ROIC, etc.) rather than volume or market share. In the near term, Micron plans to improve its mix by shifting from cards/components to SSDs/embedded. Micron should generate a significant amount of free cash flow over the next few years."

    The firm maintained CY14E EPS at $3.05; CY 15E EPS at $3.2.

    Sentiment: Strong Buy

  • Josephine Lien, Taipei; Steve Shen, DIGITIMES [Wednesday 23 April 2014]
    Memory device suppliers Kingston Technology and Nanya Technology both expect the supply of DRAM chips to fall short of demand in the third quarter of 2014 due largely to effects of peak season.

    However, despite seasonal fluctuations, prices of DRAM chips are expected to remain relatively stable following the recent industry consolidation that limits the number of suppliers to merely three, according to Kingston.

    Kingston declined to comment on recent market rumors indicating that SK Hynix was having a machinery installation issue which has affected the supply and prices of memory chips, but said prices will be definitely trending upward in the third quarter.

    Meanwhile, NAND flash chips are also expected to enjoy brisk sales in the second quarter as handset vendors will build up their inventories for new models to be released in the second half of 2014, Kingston added.

    Nanya has seen a pick-up in orders from clients recently and believes that demand in the second quarter of 2014 will be stronger than that of the same period of recent years.

    Prices of memory chips for mobile and consumer electronics applications are likely to hike in a range of 10% as the possibility of a shortage is high in the third quarter, Nanya said.

    Meanwhile, Nanya plans to launch a cost-down 30nm process soon. The new process will be able to reduce cost by 10-15% but with increased number of dies per wafer, Nanya said, noting that it will ramp up the new 30nm production starting the third quarter. Production of 30nm devices accounted for 70% of Nanya's total production in the first quarter of 2014, the company noted.

    Nanya posted net profits of NT$6.12 billion (US$202.04 million) or NT$0.26 per share on revenues of NT$11.69 billion in the first quarter of 2014. First-quarter gross margin stood at 39.9% compared to 17.8% a quarter earlier.

    Sentiment: Strong Buy

12.85+0.30(+2.39%)Jul 22 4:01 PMEDT

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