Posts for Ticker ‘ELX’

Top Analyst Upgrades (AXL, BRCD, CL, ELX, GRMN, PGR, Q, SLB, TTWO)

These are this Friday’s top analyst upgrades, initiations, and positive research calls seen early from Wall Street:

American Axle (NYSE: AXL) Raised to Overweight at Barclays.
Brocade (NASDAQ: BRCD) Started as Outperform at Oppenheimer.
Colgate-Palmolive (NYSE: CL) Raised to Buy at Goldman Sachs.
Emulex (NYSE: ELX) Raised to Buy at Argus.
Garmin (NASDAQ: GRMN) Raised to Buy at BofA/Merrill Lynch.
Progressive (NYSE: PGR) Raised to Buy at Goldman Sachs.
Qwest (NYSE: Q) Raised to Market-Weight at Thomas Weisel.
Schlumerberger (NYSE: SLB) Raised to Buy at Goldman Sachs.
Take-Two Interactive Software (NASDAQ: TTWO) Started as Outperform at Wells Fargo.
Textron (NYSE: TXT) Raised to Overweight at Barclays.

You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top upgrades and downgrades are out, for top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 11, 2009 – 8:12 am in Analyst Calls, , , , , , , , ,

Harman & Lessons of Old Emulex Hoax (HAR, ELX)

Burning Money PicThe lessons of trading in Harman International Industries Inc. (NYSE: HAR) today come from a different form of news, but there is just no way to not draw a parallel to the great old fake news release seen in Emulex Corp. (NYSE: ELX) back in 2000.  This morning’s news on Harman came from AME Info, one of the news outlets that is supposed to be one of the Middle East’s business sources.  A report discussed a huge premium takeover from a private equity group in the Middle East.  This might have come with cheer to those who were trading the private equity buyouts from 2005 to 2007 before the land grab and gold rush instantly dried up.
Read More »

Posted on: July 20, 2009 – 2:33 pm in Mergers and Buy Outs, Private Equity, Rumors, ,

Emulex Still May Refuse Higher Offer (ELX, BRCM)

Money Stack ImageEmulex Corporation (NYSE: ELX) has already given an initial response to the higher $11.00 offer from Broadcom Corporation (NASDAQ: BRCM).  This is not an outright rebuff, but Emulex said that its board of directors is following fiduciary duties with the assistance of its financial and legal advisors.  So far it has merely said that it will review the terms of the revised tender offer.
Read More »

Posted on: June 30, 2009 – 8:32 am in Mergers and Buy Outs, Shareholder Issues, Technology Companies, ,

Top Technology Analyst Calls (BBND, CSC, ELX, GRMN, QCOM, STX, WBSN, WDC)

We have seen several influential analyst upgrades, downgrades, and initiation calls in the technology sector from Wall Street early this Wednesday morning.  These are the key tech calls we have seen with about two hours until the open:

  • BigBand Networks (NASDAQ: BBND) Cut to Underperform at Jefferies.
  • Computer Sciences Corp. (NYSE: CSC) Started as Sell at Citigroup.
  • Emulex (NYSE: ELX) Cut to Underweight at JPMorgan.
  • Garmin Ltd. (NASDAQ: GRMN) Cut to Neutral at Baird.
  • Qualcomm (NASDAQ: QCOM) Started as Outperform at FBR.
  • Seagate Tech (NASDAQ: STX) Cut to Neutral at JPMorgan.
  • Websense (NASDAQ: WBSN) Raised to Outperform at FBR.
  • Western Digital (NYSE: WDC) Raised to Neutral at JPMorgan.

JON C. OGG

Posted on: April 8, 2009 – 6:41 am in Analyst Calls, Technology Companies, , , , , , , ,

Top Analyst Downgrades (BCS, CBY, CBS, LFC, CHL, DBD, ELX, NCR, PHG, QSII)

These are some of the top pre-market analyst downgrades and negative analyst calls we have seen from Wall Street firms this Monday morning:

Barclays (BCS) Cut to Sell at Societe Generale.
Cadbury (CBY) Cut to Underweight at JPMorgan.
CBS (CBS) Cut to Sell at UBS.
China Life Insurance Co. Ltd. (LFC) Cut to Neutral at UBS.
China Mobile (CHL) Cut to Neutral at UBS.
Diebold (DBD) Cut to Neutral at Baird.
Emulex (ELX) Cut to Sector Perform at RBC.
NCR (NCR) Cut to Neutral at Baird.
Philips (PHG) Cut to Sell at Societe Generale.
Quality Systems (QSII) Cut to Sell at UBS.

JON C. OGG

Posted on: March 30, 2009 – 6:24 am in Analyst Calls, , , , , , , , , ,

Early Bird Technology Analyst Upgrades & Downgrades (AAPL, GOOG, ELX, ISIL, ITRI, GRMN)

Money_stack_pic_2We have some key technology and consumer electronics stocks which are seeing upgrades and downgrades from Wall Street analysts this Tuesday morning.  Here are some of the calls we have seen from this morning and from after yesterday’s close:

  • Apple (NASDAQ: AAPL) Raised to Outperform at Oppenheimer.
  • Google (NASDAQ: GOOG) Raised to Neutral from Sell at Merriman Curhan Ford.
  • Emulex (NYSE: ELX) Cut to Neutral at Goldman Sachs.
  • Intersil (NASDAQ: ISIL) Cut to Neutral at JPMorgan.
  • Itron (NASDAQ: ITRI) Cut to Neutral at JPMorgan; started as Buy at Merriman Curhan Ford.
  • Garmin (NASDAQ: GRMN) Cut to Sell at Goldman Sachs.

Jon C. Ogg
January 6, 2009

Posted on: January 6, 2009 – 6:47 am in Analyst Calls, Technology Companies, , , , , ,

Top Analyst Downgrades (AMAT, CSCO, ELX, TUES, UHS)

These are some of the downgrades or more cautious calls from Wall Street analysts this Friday morning:

  • Applied Materials (NASDAQ: AMAT) Cut to Hold from Buy at Citigroup.
  • Cisco Systems (NASDAQ: CSCO) Removed From Goldman Sachs Conviction Buy List, although the rating was maintained as Buy.
  • Emulex (NYSE: ELX) Cut to Hold from Buy at Needham; cut to Neutral from Outperform at Baird.
  • Tuesday Morning (NASDAQ: TUES) Cut to Sell from Hold at Deutsche Bank.
  • Universal Health (NYSE: UHS) Cut to Sell from Neutral at Goldman Sachs.

Jon C. Ogg
July 11, 2008

Posted on: July 11, 2008 – 7:38 am in Analyst Calls, , , , ,

Top 10 Pre-Market Analyst Calls (BBI, DO, NE, EMC, ELX, HP, MEE, MHK, PVA, TEF, VOD, RIG)

These are the early-bird calls that we are looking at pre-market this Tuesday morning ahead of the earnings deluge that is about to start:

  • Blockbuster (NYSE: BBI) Cut to Neutral at JPMorgan.
  • Diamond Offshore (NYSE: DO) & Noble Corp. (NYSE: NE) cut to Hold at Deutsche Bank.
  • EMC Corp. (NYSE: EMC) cut to Hold from Buy at Citigroup.
  • Emulex (NYSE: ELX) Cut to Sell from Buy at Citigroup.
  • Helmerich & Payne (NYSE: HP) Started as Overweight at JPMorgan.
  • Massey Energy (NYSE: MEE) Raised to Overweight from Neutral at JPMorgan.
  • Mohawk Industries (NYSE: MHK) Started as Buy at UBS.
  • Penn Virginia (NYSE: PVA) Started as Overweight at Lehman Brothers.
  • Telefonica (NYSE: TEF) and Vodafone (NYSE: VOD) started as Outperform at Bernstein.
  • Transocean (NYSE: RIG)) cut to Sell from Hold at Deutsche Bank.

Jon C. Ogg
April 15, 2008

Posted on: April 15, 2008 – 5:45 am in Analyst Calls, , , , , , , , , , , ,

Many Major Tech, Media, Telecom Hitting New 52-Week Lows

With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P 500 down over 35 points.  We have been commenting about the recession for some time now and this is going from the good to the bad to the fugly.  Of course financials, REIT’s, retail, and other classic sectors had more than their fair share of 52-week lows.  But Telecom, Media, and Tech reached these critical 52-week lows and these are looking horrible. 

The markets are hostage to the ratings agencies now.  Here is what happens when you look at "VALUE INVESTING" in technology:

Alliance Data (ADS), Answers (ANSW), ATMI Inc. (ATMI), BigBand Networks (BBND), British Sky ADR’s (BSY), CA inc. (CA), CBS Corp. (CBS), Century Tel (CTL), Cincinatti Bell (CBB)…

Cisco Systems (CSCO) is a new entrant, this was surprising but those teen prices were in 2006.

Cogent (COGT), Cohu Inc. (COHU), Computer Science (CSC), Compuware (CPWR), DireTV (DTV),
Echostar (DISH).. unsure because of reorg…, Emulex (ELX), Epicor Software (EPIC), General Electric (GE), Getty Images (GYI), Gluu Mobile (GLUU), Hungarian Telecom (HTC), Internet Capital Group (ICGE), Interactive Intelligence (ININ), J2 Global (JCOM), ML Internet HOLDRs (HHH), ML Telecom HOLDRs (TTH), PlanetOut (LGBT), Liberty Media (LINTA), Loral Space (LORL), Live Nation (LYV), Sourcefire (FIRE), Flextronics (FLEX), Monster Worldwide (MNST)….

Motorola (MOT), Martha Stewart (MSO), Mattson Tech (MTSN), Network Appliance (NTAP), Orbitz Worldwide (OWW), Plantronics (PLT), Powershares Dynamic Media (PBS), Qwest Communications (Q), RCN Corp. (RCNI), RF Micro Devices (RFMD), Riverbed Tech (RVBD), Savvis (SVVS), Sprint Nextel (S), SiRF Tech (SIRF), Stamps.com (STMP), Time Warner (TWX), Trimble Navigation (TRMB), Veeco Inst. (VECO), Vishay (VSH), Voltera Semiconductor (VLTR), Xinhua Finance Media (XFML) ,

Yahoo! (YHOO) ouch.

This is almost enough to make many people cry.  The VIX is trading at 27.34 and is up 2.96 points but we aren’t even at 30 yet meaning that massive critical oversold and true panic levels haven’t yet been reached.

Jon C. Ogg
January 17, 2008

Posted on: January 17, 2008 – 3:51 pm in HI/LOW, Media, Technology Companies, Telecom, , , , , , , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AEM, NILE, BP, GLDN, PCZ, MXIM, NMX, OXY, QELP, BRCD, WDC, STX, ELX, RVBD)

These are not the only analyst and research notes out there affecting stocks the morning, but below are the top research calls that 24/7 Wall St. is focusing on in pre-market trading this Wednesday:

  • Agnico-Eagle Mines (AEM) raised to Buy at Merrill Lynch.
  • Blue Nile (NILE) raised to Buy from Hold at Citigroup.
  • BP plc (BP) downgraded to Neutral from Overweight at J.P.Morgan.
  • Golden Telecom (GLDN) downgraded to Neutral from Overweight at J.P.Morgan.
  • Maxim Integrated (MXIM) raised to Buy from Hold at Citigroup.
  • NYMEX Holdings (NMX) raised to Buy from Hold at Deutsche Bank.
  • Occidental Petroleum (OXY) raised to Overweight at Morgan Stanley.
  • Quest Energy Partners (QELP) off quiet period: started in coverage as Outperform at FBR, as Outperform at RBC Capital Markets and as Outperform at Wachovia.
  • Petro-Canada (PCZ) downgraded to Underweight at Morgan Stanley.
  • BANC OF AMERICA neutral on many tech names: Brocade (BRCD), Seagate (STX) & Western Digital (WDC) both started as Neutral.  Riverbed Tech (RVBD) started as Neutral. Emulex (ELX) started as BUY.

Jon C. Ogg
December 19, 2007

Posted on: December 19, 2007 – 8:02 am in Analyst Calls, , , , , , , , , , , , , ,

Pre-Market Analyst Calls (October 26, 2007)

ABK cut to Mkt Perform at FBR.
ADVNA cut to Mkt Perform at FBR.
BBY started as Mkt Perform at Wachovia.
BEN cut to Mkt PErform at FBR.
BG cut to Neutral at HSBC.
CC started as Mkt Perform at Wachovia.
CPS cut to Equal Weight at Lehman.
ELX cut to Mkt Perform at FBR.
ETEL cut to Mkt Perform at JMP Securities.
EXBD raised to Buy at Deutsche Bank.
FADV cut to Equal Weight at Lehman.
FVE raised to Buy at Jefferies.
GIS raised to Buy at Deutsche Bank.
HES raised to Buy at B of A.
KND raised to Buy at Jefferies.
LVLT cut to Neutral at JPMorgan.
LTM cut to Mkt Perform at Piper Jaffray.
MBI cut to Mkt Perform at FBR.
NILE raised to Hold at Citigroup.
ORCC cut to Sector Perform at CIBC.
PENN cut to Hold at Jefferies.
POWI cut to Hold at Citigroup.
RRI started as outperform at Wachovia.
SE started as Mkt Perform at Wachovia.
STD raised to Buy at Citigroup.
STLD cut to Neutral at UBS.
TRID too 3 downgrades: Jefferies, Deutsche Bank, and Oppenheimer.
TSM raised to Overweight at HSBC.
USU started as Mkt Perform at Wachovia.
WCG raised to Neutral at Goldman Sachs.

Jon C. Ogg
October 26, 2007

Posted on: October 26, 2007 – 7:09 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , ,

What To Expect Ahead of VMware’s VMWORLD Conference

Even if VMware (NYSE:VMW) sees its stock go sideways or even if it gets soft from here, it has a long way to go before many would be able to say this was not a successful IPO.  The valuations are now just too high for the sector to longer have a focus in I.T.  This is also true regardless of the VMware stock conundrum we noted recently. If you haven’t read up on and learned much about virtualization, as an investor you should read up on it as the next ‘next thing’ in software and IT. If you look at the competitors that some existing partners (and owners) are invested in, you’ll really understand.

One week from today, and possible over the coming weekend, we should start seeing many more companies announce "Partnering with VMware" or "Supplying VMware" or "Strikes key partners for virtualization" and the like.  Next week from September 11 to September 13 is the VMWORLD 2007 Conference at the Moscone Center in San Francisco, and the roster is a Who’s Who in Techland.  There is also a Technology Day symposium ahead of it. 

Keynote speakers here will be from such tech heavyweights as John Chambers of Cisco Systems (CSCO), Patrick Gelsinger of Intel Corp. (INTC), and Hector Ruiz of Advanced Micro (AMD).  Other sponsors are major tech giants like Dell (DELL), H-P (HPQ), NEC, IBM (IBM), and of course the parent EMC (EMC).

Network Appliances (NTAP) is also a sponsor, and it already issued its press release to signal its involvement.

Some of the gold sponsors that are not quite as prominent are BEA Systems (BEAS), Brocade (BRCD), EDS (EDS), Emulex (ELX), Sun Microsystems (JAVA).  Further down the list of sponsors and exhibitors are BMC Software (BMC), Avocent (AVCT), CA (CA), Citrix Systems (CTXS) (which also recently made a virtualization buyout of XenSource), Novell (NOVL), Patni Computer Systems Ltd. (PTI), QLogic (QLGC), Microsoft (MSFT), Symantec (SYMC), and more.

What is interesting is that this virtualization conference includes almost all of VMware’s key competitors.  So they are not blocking out competitors, at least not this year.  For whatever it is worth, there are many overlaps out there in what would be deemed partners and competitors.  It has XenSource, Microsoft, Symantec, and others. 

It also sold out of sponsor and exhibitor opportunities some time ago.  Here is a full list of exhibitors.  It is probably safe to assume that many more virtualization partnerships will be coming ahead of, out of, and after this key industry event.

Stock Tickers: VMW, EMC, CSCO, INTC, AMD, DELL, HPQ, NTAP, IBM, BEAS, BRCD, EDS, ELX, JAVA, SUNW, BMC, AVCT, PTI, CA, CTXS, NOVL, QLGC, MSFT, SYMC

Jon C. Ogg
September 4, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the 24/7 Wall St. Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: September 4, 2007 – 12:24 pm in Software, , , , , , , , , , , , , , , , , , , , , , , ,

Media Digest 8/10/2007 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters the Asia central banks put extra cash into the banking systems as markets there fell sharply.

Reuters writes that Man Group, the UK hedge fund, has delays its IPO.

Reuters writes that Toyota (TM) sees slower growth in the US.

Reuters writes that Buick tied Lexus in the JD Power reliability study, the first time the US brand has finished in first place.

The Wall Street Journal writes that Countrywide Financial (CFC) said the credit markets could affect its financial position.

The Wall Street Journal reports that the SEC is checking the books of banks including Bear Stearns (BSC) and Goldman (GS) to see whether they may be hiding mortgage investment loses.

The WSJ writes that profits at refiners are dropping as the price of gas comes down.

The WSJ writes that chip demand drove up profits at Nvidia (NVDA).

The WSJ reports that Electronic Arts (ERTS) and Hasbro (HAS) will create video games based on popular games like Monopoly.

The WSJ reports the niche channels are moving off cable to the internet.

The New York Times reports that Goldman Sachs (GS) size has not protected its stock price.

The NYT reports the Universal Music will begin selling music without copy protection.

FT writes that Chrysler is trying to expand in markets outside the US.

Barron’s reports that shares in Emulex (ELX) fell after it reported modest earnings

Douglas A. McIntyre

Posted on: August 10, 2007 – 3:19 am in Uncategorized, , , , , , , ,