For Immediate Release

Chicago, IL – November 6, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cisco Systems (CSCO), Intel Corporation (INTC), Dell Inc. (DELL), Advanced Micro Devices Inc. (AMD) and Hewlett-Packard (HPQ).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s AnalystBlog:

Cisco Beats, Guides Up

Cisco Systems’ (CSCO) first quarter 2010 earnings beat the Zacks consensus by 13 cents. Revenue beat by 3.1%. Both revenue and EPS were significantly better than the guided range.

Revenue of $9.02 billion was up 5.7% sequentially and down 12.7% year over year.

...

The $6.0 billion payment made by the world's largest chip maker Intel Corporation (INTC) over a five year period through January 2007 to its largest customer Dell Inc. (DELL) -- under programs initially titled 'MOAP' (Mother of all Programs) and then 'MCP’ (Meet Competition Payments) -- has backfired on Intel. This is the basis on which an antitrust lawsuit filed recently by the New York attorney general alleging a long business relationship between Intel and Dell. Andrew M. Cuomo filed a federal lawsuit against Intel, accusing the largest chip maker of paying computer makers illegal rebates for maintaining its monopoly and preventing another chip maker, Advanced Micro Devices Inc. (AMD), from gaining business with PC makers. This is not the only allegation that has been filed against Intel. In a similar case earlier this year, the European ...

China Mobile (CHL) is reportedly setting up a joint-venture with MediaTek Inc, Taiwan ’s leading handset chip manufacturer, to design and develop key components for its 3G handsets. The Chinese wireless giant is expected to have 70% stake in the joint-venture with MediaTek holding the rest. MediaTek is currently the world’s seventh largest chip maker and has significant presence in the Chinese handset market. Upon the partnership materializing, MediaTek will be a major chip supplier for China Mobile’s home-grown TD-SCDMA technology based 3G wireless handsets. This will facilitate China Mobile to secure customized chips for its proprietary 3G smartphone models (called Ophones). The companies have reportedly entered into an agreement in late August 2009 to jointly develop 3G TD-SCDMA technology. China Mobile is increasingly focused on exploring opportunities for technology collaboration with world’s leading handset and chip manufacturers. The company has recently entered into a ...

Date Status Sep 13, 2006 Feb 21, 2007 Apr 25, 2007 Jun 27, 2007 Oct 5, 2007...

Kawasaki-based NEC Electronics Corp. and Renesas Technology Corp. (a joint venture between Hitachi Ltd. (HIT) and Mitsubishi Electric Corp.) pushed back the proposed merger of their business operations until the end of September for the second time this year.

Due to a delay in completing due-diligence on the companies' assets, including the manufacturing and sales sites worldwide, the companies had decided to postpone the contract to the end of July. Again in July, the companies decided to postpone the agreement to integrate business operations at NEC Electronics and Renesas until the end of August.

In April 2009, both NEC Electronics and Renesas had been negotiating to integrate business operations. The consolidation took place to weather the difficult economic conditions, weak demand and pricing pressure that weighed heavily on chipmakers. This merger would make the combined company Japan's largest chip maker with more than 30% market share, and the third-largest chip

...

Silicon Laboratories (SLAB) lifted its revenue and earnings guidance for the second quarter today, as sales improved thanks to a stronger-than-expected rebound in some of its business segments as well as new-product launches.

The chip maker sees earnings, excluding stock-compensation costs, between 34 cents and 37 cents per share on revenue of $101 million to $105 million. Earlier in April, the company projected earnings of 28 cents to 32 cents per share and revenue between $92 million and $97 million.

Analysts expect earnings of 13 cents per share, which is up a penny, or more than 8%, in the last week.

The current-year consensus estimate has remained unchanged at 50 cents per share over the past 30 days, but is up sharply from 2 months ago.

Silicon is down less than 1% on higher volume of more than 2 million shares, compared with the daily average of 900,398.

...

Silicon Laboratories (SLAB) lifted its revenue and earnings guidance for the second quarter today, as sales improved thanks to a stronger-than-expected rebound in some of its business segments as well as new-product launches.

The chip maker sees earnings, excluding stock-compensation costs, between 34 cents and 37 cents per share on revenue of $101 million to $105 million. Earlier in April, the company projected earnings of 28 cents to 32 cents per share and revenue between $92 million and $97 million.

Analysts expect earnings of 13 cents per share, which is up a penny, or more than 8%, in the last week.

The current-year consensus estimate has remained unchanged at 50 cents per share over the past 30 days, but is up sharply from 2 months ago.

Silicon is down less than 1% on higher volume of more than 2 million shares, compared with the daily average of 900,398.

...

Worries over the economy and corporate earnings weigh… Focus on inauguration of President-elect Barack Obama… S&P 500 futures off 1.5 pct, Dow futures off 1.1 pct, Nasdaq futures off 1.2 pct

Wall Street was poised for a lower open on Tuesday as investors fretted over grim earnings and the health of the banking sector, highlighting difficulties facing U.S. President-elect Barack Obama.

Optimism over a plan by Obama, who will be sworn in later on Tuesday, to push for a fresh stimulus package to stave off a worsening economy could help cushion the market.

But the banking sector could weigh heavily, taking a cue from global markets after Britain’s Royal Bank of Scotland on Monday posted the biggest loss in U.K. corporate history, even as Britain launched a second bank rescue plan.

Banks have been at the epicenter of the credit crunch and

...

Intel (INTC) released another revenue warning today in the face of waning consumer demand. The leading chip maker now expects fourth-quarter sales of $8.2 billion, which is down 23% year-over-year.

The company reduced its fourth quarter sales estimates twice over the last two months.

The Santa Clara-based company is expected to post fourth-quarter results on Jan 15. Analysts see profit of 22 cents in the latest quarter.

Shares are down more than 4%. Intel is a Zacks #5 Rank ("Strong Sell") company.

"INTC" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Broadcom Corp. (BRCM) cut its fourth quarter guidance as the chip maker is losing customers amid a global economic downturn.

The company now projects revenues between $1.05 billion and $1.1 billion, which include sales related to the AMD Digital TV acquisition. Earlier, Broadcom was expecting revenues of $1.17 billion and $1.24 billion, excluding the AMD Digital TV acquisition.

For the current quarter, analysts are looking for a profit of 16 cents.

Broadcom is a Zacks #2 Rank ("Buy") company, but that could change as analysts pour over the recent announcement.

"BRCM" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research