Rambus (Nasdaq: RMBS) raises Q4 revenue outlook, shares jump

Tallahassee, FL 1/3/12 (StreetBeat) -- Rambus Inc (Nasdaq:RMBS) raised its fourth-quarter revenue outlook, despite losing a major lawsuit late last year, helped by new deals.

The technology licensing company said it expects fourth- quarter revenue of about $83 million, above the $66-$71 million it projected earlier.

The two analysts who follow Rambus, according to Thomson Reuters I/B/E/S, were on average expecting $69 million in revenue for the three-month period.

The company signed a patent licensing deal with Broadcom Inc (Nasdaq:BRCM) last month, its latest in a string of deals.

Rambus shares rose nearly 10 percent in pre-market trading following the announcement. They have lost about 60 percent of their value since November, after the company lost a $4 billion antitrust lawsuit against Micron Technology Inc (Nasdaq:MU) and Hynix Semiconductor Inc.

The company's shares closed at $7.55 on Friday on Nasdaq.

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Wall St Cuts Losses; Broadcom Deal Boosts Nasdaq

Shawshank, VA 9/12/2011 (PennyPayDay) – U.S. stocks trimmed early losses to trade flat on Monday as European bank shares recovered and technology stocks regained their footing.

The market opened weakly with all three major indexes down more than 1 percent on worries of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem.

"The move this morning is a case of investors responding very quickly. The bottom line is that the S&P is a good global hedge, and we saw something of a recovery in European banks," said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Greenwich, Connecticut.

The Dow Jones industrial average was down 21.60 points, or 0.20 percent, at 10,970.53. The Standard & Poor's 500 Index was up 0.16 points, or 0.01 percent, at 1,154.39. The Nasdaq Composite Index was up 11.79 points, or 0.48 percent, at 2,479.78.

Gains in the tech heavy Nasdaq index were boosted by NetLogic Microsystems Inc (Nasdaq:NETL), which jumped 50 percent to $47.88 after wireless chipmaker Broadcom Corp (Nasdaq:BRCM) agreed to buy the company for about $3.7 billion.

Broadcom will pay $50 per share for each NetLogic share, a premium of 57 percent over NetLogic's Friday close of $31.91 on Nasdaq. Broadcom shares were down 0.8 percent at $33.17.

France's top banks are bracing themselves for a likely credit rating downgrade from Moody's, sources close to the situation said, further complicating their efforts to assure investors they are riding out the tensions in funding markets.

Concerns that the credit crisis in Europe may threaten to spill over into U.S. banks have been pressuring Wall Street for several months, sending shares of major banks to their historical lows in recent weeks.

Investors were also unsettled by the failure of the weekend's meeting of finance ministers from the Group of Seven industrialized nations to come up with any fresh proposals for boosting global growth.

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LargeCap Stocks to Keep an Eye on Today

Oxford, MS 9/12/2011 (PennyPayDay) – Semiconductor company Broadcom agreed to buy chipmaker NetLogic Microsystems for $3.7 billion, or $50 a share.

NetLogic shares were surging 19.1% to $37.99 in premarket trading Monday.

Healthcare and consumer products giant Johnson & Johnson did not succeed in obtaining U.S. clearance for more widespread usage of its arthritis drug Simponi.

Shares were down 0.5% to $63.30.

McGraw-Hill said Monday it would separate into two companies: McGraw-Hill Markets, which would focus on capital and commodities markets and include ratings agency Standard & Poor's; and McGraw-Hill Education, which will have a focus on education services.

Carol Bartz resigned her seat on the Yahoo! board Friday, according to a published media report.

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MIPS Working with Google on Chips for Android Devices

Chicago, IL 5/17/2011 (PennyPayDay) -- MIPS Technologies (Nasdaq:MIPS) licenses semiconductor designs for electronic devices, but during its early history, it didn't have much of a hand in the hot home entertainment and networking device areas. But that has changed more recently, as Sigma Designs (Nasdaq: SIGM ) turned to MIPS over rival ARM Holdings (Nasdaq: ARMH ) to help it in Sigma's battle in the digital media space. Google (Nasdaq: GOOG ) is working with MIPS to provide chips for several Android devices. Shares soared in response.

But late last month, MIPS announced earnings that disappointed investors, causing the stock to lose more than a quarter of its value. Not only did current numbers fall short, but the company also reduced its full-year revenue target for the coming year and said it expects a decline in royalty income.

With a host of Android manufacturers looking into MIPS technology as well as backing from Sigma and Broadcom (Nasdaq: BRCM ) , MIPS isn't about to fall off a cliff. But its lofty growth expectations have started to face reality. With the stock now fetching less than half what they did in January, now's a good time for value investors to look to see if they think MIPS can wake up and start firing on all cylinders again.

For more information about MIPS Technologies, please visit: www.mips.com.

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The Death of The Semi Conductor as a Research Tool

I have been watching Semi conductor pricing since 1972 and I conclude (soley) that it is the death of the semi-conductor as an analytical tool to determine stock price. I conclude as video enters homes in 2011 laptop, notebook and desktop demand will languish in it's final cycle. When Internet stocks exploded in the1990's they included valuations that are happening in 2010 some 20 years later. The semi-conductor was the singular most important data point and I think much over analyzed. I believe those days are gone.

Many believe that connected home entertainment with seamless convergence of TV and Internet content on TVs, set-top boxes, Blu ray players, game consoles, etc. will be a major theme driving CES 2011 and believe the connected home entertainment model will be spurred by rapid advances in home broadband bandwidth with companies such as Broadcom (BRCM), Cavium Networks (CAVM) and MindSpeed Technologies (MSPD) offering next-generation, multi-core, low power processor platforms for home gateways, set top boxes, and media servers.
In particular, CAVM will feature next-generation versions of its Econa consumer broadband processor platforms and its PureVu family of low-latency wireless video display processors. Also expect ENTR to feature demonstrations of its next-generation MOCA 2.0 high speed video connectivity solutions and highlight further momentum with its MOCA connectivity and satellite switching solutions. These are more relevant datapoints 20 years later..I have always thought semi-conductor analysis was over done.

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