6:24 am ET
*Crocs Sees Q3 Sales $280M to $290M vs $293.9M est
6:18 am ET
Crocs Inc. 2Q Net $9.7M CROX
6:18 am ET
Crocs Inc. 2Q EPS 11c CROX
6:17 am ET
Crocs Inc. 2Q Rev $345.7M CROX
6:15 am ET
*Crocs Q2 GAAP EPS $0.11, Revenue $346M vs $345M est
7:30 am ET
Crocs 2Q EPS 11c CROX
7:30 am ET
Crocs 2Q Rev $345.7M CROX
7:30 am ET
Crocs 2Q Net $13.4M CROX
7:34 am ET
Crocs 2Q Non-GAAP Net $27.3 Million CROX
7:33 am ET
Crocs Sees 3Q Rev $280M-$290M CROX
CROX:At any time, again $ 10.00/$1100
Markit short selling activity: MEDIUM
We are talking about $66M /$55M less in Q3. EPS can be negative!
Intel, the Silicon Valley giant better known for microprocessor chips, has been collaborating with Micron on NAND technology since 2006. Micron, an Idaho-based company that also makes DRAMs, recently has been the focus of a $23 billion takeover offer prepared by the Chinese state-owned company Tsinghua Unigroup Ltd. Micron has declined to comment on the matter.
Memory is a big market. About $78.5 billion worth of DRAM and NAND chips will be purchased in 2015, the research firm IDC estimates.
One force behind recent innovations in digital memory is the diminishing return produced by the conventional way of boosting storage capacity: shrinking the size of circuitry on chips. Makers of NAND chips, including Intel and Micron, have said they would stop pursuing that tactic in favor of stacking layers of circuitry in three dimensions.
Intel and Micron aren't revealing some technology details, including some materials they are using or the pricing of their initial chips. They expect to start delivering sample quantities from a jointly owned factory in Utah later this year, two-layer chips that store 128 gigabits of data, matching some existing NAND chips. They plan to boost capacities later by stacking more circuitry.
Hardware designers wanting to exploit the technology have to ponder some choices. They could make equivalents of the solid-state drives that are currently made using NAND flash chips. But those devices use connections that would allow only a tenfold speedup over existing products, Intel and Micron said.
More speed gains can be harnessed if the chips are connected directly to microprocessors, using the same connections as DRAMs. Though designers could theoretically use the new chips alone, Micron and Intel think they will accompany a variety of other chips.
"This is not a replacement technology," said Rob Crooke, an Intel senior vice president. "This is an invention that opens up new sorts of applications."
12:00 pm ET July 28, 2015 (Dow Jones)
By Don Clark
SAN FRANCISCO-- Intel Corp. and Micron Technology Inc. say they developed a new breed of memory chips that could bring dramatic performance gains to computers, smartphones and other kinds of high-tech products.
The companies say the forthcoming chips will be up to 1,000 times faster than the NAND flash memory chips now used in most mobile devices, while storing 10 times more data than dynamic random access memory, or DRAM, chips that are another mainstay of electronics hardware.
Their technology--dubbed 3D Xpoint--doesn't quite match the speed of the chips known as DRAMs. But unlike those chips--and like NAND flash memory--the new chips will retain data even after they're powered off, the companies say.
"This is a whole new paradigm," said Mark Adams, Micron's president, predicting the technology will cause "a major disruption" in the $78.5 billion memory-chip market.
Intel and Micron executives predict the new chips' speed will spur new kinds of applications and greatly benefit others, particularly those that rely on finding patterns in large amounts of data, like voice recognition, financial fraud detection and the study of genes.
But the importance--and originality--of the technology may be hotly debated. Plenty of other companies have claimed significant advances in memory chips in recent years.
Sylvain Dubois, vice president of strategic marketing and business development at startup Crossbar Inc., said Intel and Micron seem to be emulating elements of its resistive RAM technology. "It sounds very much like what we have," he said.
Others, like Everspin Technologies Inc., believe they have a head start in delivering DRAM-class speed on chips that provide persistent data storage.
It Could Worsen As China's Economy Slows
Given the size of its economy, China is an important market for everything from iron ore to aluminum to consumer goods. China's economic growth is expected to slow, which could impact prices for commodities and demand for consumer goods like cell phones. The IMF projects China's economy will grow 6.8% in 2015 and 6.3% in 2016 - down from the 7.4% achieved in 2014.
Those growth estimates came before the recent 30% free fall in its stock market, which will not help matters. Panic-selling was only staunched after the government halted over 1,000 stocks from being traded and banned certain large investors from selling shares. Once trading bans are lifted, I believe the market will unwind like Long-Term Capital Management ("LTCM") in 1998:
While China may have buttressed the stock market with short-term measures, it has only delayed the inevitable. After China's trading restrictions are lifted, I expect panic selling to ensue. Lower prices will beget margins calls, which will create more selling pressure and beget lower prices - a circular reference in the vein of LTCM.
On the strength of the bull market for stocks, China's finance industry accounted for 1.3 percentage points of China's 7% GDP growth; it was only 0.7 percentage points of its 2014 GDP growth of 7.4%. The stock market sell-off is already impacting some sectors of the economy. Prices for luxury German automobiles are plummeting due to declining demand from affluent buyers. Two weeks ago China's automobile association slashed its 2015 vehicle sales growth expectations from 7% to 3%. China's mobile phone industry could be next to get hit.
A protracted decline in China's stock market - which I predict will be the case - poses a risk to China's economic growth, smartphone sales, and Micron's mobile strategy. Continue to avoid MU.
Jul. 27, 2015 11:41 AM ET SA News
•Micron is shifting DRAM supply from the PC channel to the mobile space.
•For its mobile strategy to work, Micron needs success in China.
•The red herring is that China's smartphone market is slowing. Q1 shipments fell 4.3% Y/Y.
•It could worsen as China's economic growth is expected to slow.
•Continue to avoid MU.
I have been crowing about Micron's (NASDAQ:MU) demise for nearly a year now. After a disappointing FQ3 earnings report, it was clear the company had entered the Perfect Storm. The culprit was declining DRAM prices and the company's migration in DRAM supply from the PC channel into the mobile space. The continuing transition caused DRAM (with higher margins) to decline from 68% to 61% of revenue.
At Q1 2015 Apple (14.5% share) controlled China's smartphone market on the strength of iPhone 6 sales, followed by Xiaomi (13.5% share) and Huawei (11.2% share). Apple's success has come at the expense of Samsung and Lenovo whose respective share fell by 10 percentage points and 2 percentage points Y/Y.
Previously the game was to put a smartphone into the hands of as many consumers as possible. Now that China's market is saturated, it's all about replacements and upgrades:
Experts say the slowdown is largely driven by the disappearance of China's first-time buyers. About three-quarters of China's mobile phones in use are smartphones, and they make up 90% of cellphone sales, said Tom Kang, research director with market-research firm Counterpoint, meaning just about everybody in China who wants a smartphone already has one. "China is now a replacement market," Mr. Kang said.
After Hour, 50,000 in block sell off $17.8428 16:06:40 hs
Zacks,Published on July 27, 2015
The technology sector saw pretty choppy trading ahead of the Q2 earnings season, with most tech ETFs falling by the wayside. The sector is likely to see lower earnings in Q2, relative to the same period last year. The sector posted 6.2% earnings growth in Q1 while it is expected to post a decline of 4.9% in Q2.
The chances of the Fed rate hike coming sometime later in 2015, global growth worries, the rout in the Chinese market, the ongoing Greek debt crisis strengthened the risk-off trade sentiment in the market and took the shine out of the cyclical tech stocks. While the impact was broad-based, semiconductor stocks had to bear the brunt, having bled the most in the tech sector.
The semiconductor space was investors’ darling and one of the best performing sectors in 2014, courtesy encouraging industry fundamentals. But, of late, its fundamentals have worsened with the struggling PC market. The second-quarter of 2015 witnessed PC shipments falling 9.5% year over year, marking the steepest decline since third-quarter 2013, per Gartner (read: Chipmakers Q1 Earnings Fail to Fuel Semiconductor ETFs).
A strong greenback, higher inventories in the semiconductor and electronics supply chain and the launch of Windows 10 were held responsible for this decline, per the research agency. In fact, these factors will continue to remain an overhang on PC shipments in the rest of 2015.
This coupled with semiconductor giant Intel Corporation’s (INTC) underperformance wreaked havoc in the space. The INTC stock is down over 18% this year (as of July 14, 2015). Over the last one month, the stock has shed about 5.5%.
Though Micron Technology Inc.’s (MU - Analyst Report) (stock is down 44% YTD as of July 14, 2015) potential takeover deal could push semiconductors in the short term, overall sentiment remains grim.
China's stock market is in freefall mode again. If it gets any worse, that could become a problem for some big American companies.
Several blue chips are betting heavily on the Chinese consumer. According to data from FactSet Research, 10 firms in the benchmark S&P 500 index generated at least 30% of their sales from China last year.
So far, the U.S. stock market has largely shrugged off concerns about what's going on in China. But that may not last, particularly for the companies that stand to lose the most from a sluggish Chinese economy.
The company with the most exposure? Mobile chip company Skyworks Solutions (SWKS). It had more than two-thirds of its revenue from China last year.
In fact, many of the companies doing big business in China are chip firms that are major suppliers to smartphone makers. Nearly half of Qualcomm's (QCOM, Tech30) sales were from China.
Related: China;s economy is getting sick? Will it infect America?
Smaller mobile chip companies Avago (AVGO) and Qorvo (QRVO) also had about half of their revenue from China.
Semiconductor manufacturers Micron (MU), Texas Instruments (TXN) and Altera (ALTR) all reported more than 30% of sales from China last year. (Ironically enough, Micron is reportedly a takeover target from Chinese rival Tsinghua.)
Related: Uh oh. Not again! China's stock market plunges 8.5%
There have been growing concerns that the market volatility in China could be a sign that the Chinese economy is rapidly losing steam.
If that's the case, all these companies could suffer since sales of consumer gadgets may fall.
That would be a concern for Apple as well. China is increasingly important to Apple (AAPL, Tech30), which generated more than 16% of its sales from China in its most recent fiscal year.
It is very easy, if the FED issues bonds as toilet paper and filled the planet future debt, is very cute, but the bomb explodes later.
Jul 24, 2015 (Fast Lane via COMTEX) -- Below are the three companies in the Semiconductors industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.Canadian Solar (NASDAQ:CSIQ) is highest with an earnings yield of 19.7%. Canadian Solar Inc. designs, manufactures, and sells solar module products that convert sunlight into electricity for a variety of uses. The Company's products include a range of standard solar modules for use in a wide range of residential, commercial, and industrial solar power generation systems. Thus far today, Canadian Solar has traded 907,000 shares, vs. average volume of 2.0 million shares per day. The stock has underperformed the Dow (-1.4% to the Dow's -0.7%) and underperformed the S&P 500 (-1.4% to the S&P's -0.7%) during today's trading.
Following is Micron Technology (NASDAQ:MU) with an earnings yield of 18.4%. Finishing up the top three is ChipMOS TECHNOLOGIES Bermuda (NASDAQ:IMOS), with an earnings yield of 10.4%.
Transaction As at the end of yesterday.
Here, there is only one guilty and is very serious, CHINA, the financial apocalypse
XOMA Corp (NASDAQ:XOMA) insider Bros. Advisors Lp Baker sold 11,000,000 shares of XOMA Corp stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $1.09, for a total transaction of $11,990,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through
Jul 22, 2015 ( COMTEX) -- Analysis was conducted on the Oil & Gas Equipment & Services industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday's price action of all companies in this peer group and measured their performance against one another. Helix Energy Solutions (NYSE:HLX) ranks first with a loss of 16.81%; CARBO Ceramics (NYSE:CRR) ranks second with a loss of 2.71%; and Oceaneering International (NYSE:OII) ranks third with a loss of 2.40%.
Tetra Technologies (NYSE:TTI) follows with a loss of 1.25% and Bristow Group (NYSE:BRS) rounds out the bottom five with a loss of 1.14%.Helix Energy Solutions Group Inc. is a marine contractor and operator of offshore oil and gas properties and production facilities. The Company seeks to align the interests of the producer and contractor by investing in mature offshore oil and gas properties, hub production facilities, and undeveloped reserve plays.