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LSI Corporation Message Board

c757172 140 posts  |  Last Activity: 4 hours ago Member since: Nov 22, 2008
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  • Reply to

    extr upgrades coming aug 14 earnings

    by a44packer Jul 22, 2014 9:00 PM

    Perhaps the sector is hot but from my experience the ranking of stocks by GS is not to be trusted. RKUS appears to be a competitor of EXTR in WiFi networks. Interestingly, taking into account its balance sheet, share count, profitability, and growth rate, the share price of RKUS appears to me valued right now at about 60% premium to EXTR. If EXTR's guidance is good, its share price will catch up with the valuation of RKUS.

  • "don't want to hear of new hires, I want to hear production, revenue, and sales numbers!!!"
    As with most companies, that information is given only in the earnings release. Based on the recent results from FNSR and JDSU, and Oclaro's history, it is probable that you won't like what you will hear...

  • Will Harmonic announce or actually do anything beneficial to the shareholders?
    A replacement of Patrick Harshman is long overdue.

  • Reply to

    Upgrade

    by c757172 Jul 22, 2014 8:51 AM
    c757172 c757172 Jul 22, 2014 2:57 PM Flag

    Sanmina price target raised to $28 from $25 at Argus.
    Argus increased its price target on Sanmina after the company reported Q3 results that the firm views as solid. The firm thinks the company has significant untapped earnings power and keeps a Buy rating on the stock.

  • c757172 by c757172 Jul 22, 2014 8:51 AM Flag

    Sanmina (SANM_) was upgraded at Deutsche Bank to hold from sell. Twelve-month price target is $24. Higher sales across the board are leading to better margins, Deutsche Bank said.

  • But not in a big way. The share price has risen remarkably since Q2 results so it is not assured that the Q4 outlook is sufficient to drive the share price beyond its recent high.

  • //GAAP revenue for Q4'14 is expected to be in the range of $153 million to $155 million, compared to guidance of $143 million to $148 million. Non-GAAP revenue is expected to be in the range of $154 million to $156 million, compared to guidance of $145 million to $150 million. GAAP gross margin is expected to be in the range of 52.5% to 53.5% compared to guidance of approximately 50%. Non-GAAP gross margin is expected to be in the range of 56.5% to 57.5% compared to previous guidance of 55%. GAAP operating expenses are expected to be in the range of $95 to $96.5 million compared to guidance of $89 to $92 million. Non-GAAP operating expenses are expected to be in the range of $77.5 to $79 million which is slightly above previous guidance of $76 to $78 million. GAAP net loss is expected to be between $0.16 and $0.18 per diluted share, compared to GAAP net loss guidance of $0.16 to $0.20 per diluted share. Non-GAAP net income is expected to be between $0.06 and $0.08 per diluted share, compared to guidance of $0.02 to $0.04 per diluted share. The anticipated results in this press release are based on management's preliminary unaudited analysis of operations for the quarter ended June 30, 2014. Extreme Networks is announcing these anticipated unaudited preliminary results in part because the release of the final fourth quarter 2014 earnings report will be delayed due to the time required to complete its first year-end financial close and audit process since the Enterasys acquisition. //

    Hopefully, the guidance will be better than the Q4 preliminary results, and the operating expenses are kept tight.

  • Reply to

    This Company

    by insiderinfo911 Jul 20, 2014 3:43 PM
    c757172 c757172 Jul 20, 2014 9:05 PM Flag

    Yes. It earned $0.29/sh in its FY2010 but lost much larger amounts of money in all other years of its existence. In 2010, the average share count was about 47M; now it is over 107M. This is not, and never was, an investment-grade company. It is for nimble speculators.

  • Reply to

    Flextronics to buy back 20% of stock???

    by dsac0430 Jul 18, 2014 6:37 PM
    c757172 c757172 Jul 20, 2014 8:37 PM Flag

    Not true.

    Flextronics repurchased 60 million shares for $475 million in fiscal 2014 and 258 million shares for $1.7 billion over the past four fiscal years, reducing shares outstanding by 27%.

    The current share count is about 610M. IF Flextronics repurchases 60M shares in iFY2015, as it did in FY2014, that will be 10% reduction, NOT 20%.

  • Reply to

    A PR about a donation...

    by c757172 Jul 15, 2014 10:02 AM
    c757172 c757172 Jul 17, 2014 3:10 PM Flag

    Still no PRs about actual sales.

    "Extreme Networks Takes the Stage with Leading Sports Franchises at Premier Sports and Entertainment Technology Conference

    SAN JOSE, Calif., July 17, 2014 /PRNewswire/ -- As the Official Wi-Fi Analytics Provider of the National Football League (NFL), Extreme Networks, Inc. (EXTR), is a proven leader in providing the world's leading sports franchises with visibility into network usage that can be utilized to better engage with fans. As expectations of 21st century's fans continue to evolve, fans have grown to expect a high quality network experience upon entering a venue. Through several strong relationships with a number of NFL teams, Extreme Networks' technology is helping sports organizations as well as stadiums around the country to meet these demands and enhance the in-stadium experience for fans.

    At the Sports & Entertainment Alliance in Technology (SEAT) 2014 Conference, a leading sports executive conference primarily focused on technology systems, Extreme Networks will host sessions with leaders pushing the use of cutting-edge stadium technology to showcase the impact of Wi-Fi analytics and big data on the fan experience and in-person technology engagement of fans at games."

  • c757172 c757172 Jul 16, 2014 4:57 PM Flag

    I do not recall such statement. However, your observation is correct. Since the bubble time of 2000, this stock has sunk very low. Last time the stock saw the double digit was in early 2008. The present CEO was a chief of one of the two divisions the company had in 2006 when he became the CEO. He was a failure then and a failure now. Despite acquiring various outfits, Harmonic has never really prospered for more than a few quarters. I do not know much about the workforce but the management is stale and sluggish and so is the BOD in which the CEO is a member. The company is a follower of emerging technologies and trends but not a setter of them. To be on the safe side, if one wants to invest in HLIT, the entry price should be below $5. The exit price should be around $8 unless there they bring a CEO from the outside. While I'm at a paper profit and traded it profitably in the past, I now regret investing in this company. I originally got into it when they acquired DiviCom from C-CUBE. I used to own shares in CUBE. The CEO of CUBE knew when to sell his company (to HLIT and LSI) and compensate the shareholders; the CEOs of HLIT have been content living well via lavish compensation packages.

  • "Equities research analysts at Goldman Sachs hoisted their target price on shares of Intel (NASDAQ:INTC) from $18.00 to $20.00 in a research note issued to investors on Wednesday. The firm currently has a “sell” rating on the stock. Goldman Sachs’ target price would suggest a potential downside of 36.93% from the stock’s previous close."

  • Reply to

    A PR about a donation...

    by c757172 Jul 15, 2014 10:02 AM
    c757172 c757172 Jul 16, 2014 10:47 AM Flag

    More fluff:

    "Extreme Networks Puts Partners-First with Launch of Unified Extreme Partner Network

    SAN JOSE, Calif., July 16, 2014 /PRNewswire/ -- Extreme Networks, Inc. (EXTR), a leader in high performance networking, today announced the new Extreme Partner Network (EPN) designed to simplify partner engagement and maximize partner profitability through a broader technology portfolio, global access to service offerings, enhanced incentives and comprehensive training. The new EPN unifies the company's worldwide network of solution providers, distributors, OEMs, system integrators, technology partners, alliance partners and training partners. Extreme Networks® continues to deliver as a partner-first organization with the redesigned EPN Program focused on rewarding solution providers/VARs and the new global distribution network for their investment in Extreme Networks."

  • Reply to

    Mystifying

    by adamklee Jul 15, 2014 10:10 PM
    c757172 c757172 Jul 16, 2014 6:01 AM Flag

    It is not mystifying. From the share price chart it is apparent that the company bought most of the the 3.6M shares in April/May. Perhaps they did not realize then how badly they were falling behind. It is likely that they bought some more expensive shares in early June to support the stock for a period before and after their Investor Presentation and also to enable the two key insiders to sell all their shares at ~$7.5.

    In the last couple of years, the CEO emphasized strongly and repeatedly the goal of generating value for the shareholders. That goal has been elusive. I start to suspect that the competition is gaining on Harmonic in technology and execution. The company is not the leader as it claims to be, nor it has the dynamic management needed to generate value for its shareholders.

  • Once the stock is at $5.5, the company should have, like a year ago, a modified Dutch Auction for repurchasing 12M shares for $5.75 to $6.25. This will take the share count back to its level just before the expensive acquisition of Omneon 4 years ago. This will leave the company with $65M in net cash. If higher cash level is neede for operation, the company should borrow. If the company can repurchase 12M shares more cheaply in the market by the end of 2014 without resorting to Dutch Auction, it is fine too.

  • Reply to

    What A Silly Selloff Today

    by longballsd Jul 15, 2014 1:41 PM
    c757172 c757172 Jul 15, 2014 3:21 PM Flag

    It moves with the CAC 40.

  • Reply to

    EMERGING MARKETS

    by greemred Jul 15, 2014 11:21 AM
    c757172 c757172 Jul 15, 2014 11:44 AM Flag

    Going international was a very smart move by Harmonic. Alas, the company fails to execute.

    Is greemred a new ID of citamar?.

  • The financial results of Harmonics do not support such a claim.
    Can anyone post here an external reference in support of that claim?

  • Not about actual sales.

    "Extreme Networks and the Pro Football Hall of Fame Donate Robust Network Solutions to Local Ohio Elementary School to Improve Connectivity."

    In the previous quarter, the PRs were mostly fluff and the earnings results ended up missing the estimates. The estimates for this quarter are low. Missing them, will be very deleterious to the stock.

  • On Nov 1 2007 Harmonic priced a public offering of 12.5 million shares at $12. Harmonic shares closed the day before at $12.32. The underwriters had an option on 1.88 million more shares .

    I consider that offering to be Patrick Harshman's greatest achievement. Following that offering, the share count rose roughly to the present level and the cash received enabled subsequent acquisitions. Presently, Harmonic has about $135M in cash (and no debt). Its longterm investors have lost a large portion of their investment in this self-proclaimed "world leader in video infrastructure".

LSI
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