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Zacks Analyst Blog Highlights: Southern Copper Corporation, Logitech International, Cisco Systems Inc., Microsoft Corp. and Koninklijke Philips Electronics NV – Press Releases

Zacks Market Commentaries (November 12th, 2009) Writes:

For Immediate Release

Chicago, IL – November 12, 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: Southern Copper Corporation (PCU), Logitech International (LOGI), Cisco Systems Inc. (CSCO), Microsoft Corp. (MSFT) and Koninklijke Philips Electronics NV (PHG).

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 Wednesday’s Analyst Blog:

Southern Copper’s Earnings Jump

Southern Copper Corporation (PCU), one of the leading copper producers in the world, posted net earnings of 37 cents in the third quarter of 2009, better than the Zacks Consensus Estimate of 31 cents. Earnings jumped 78.6% from 21

...

ZOLL Beats in Q4 – Analyst Blog

Zacks Market Commentaries (November 11th, 2009) Writes:
ZOLL Medical Corp. (ZOLL) reported fourth-quarter earnings of 16 cents per share, which beat the Zacks Consensus Estimate of 8 cents. The company earned 41 cents in the year-ago quarter. The lower profit in the quarter was attributable to lower margins coupled with higher expenses, in spite of higher revenues. For full fiscal 2009, the company earned 45 cents per share, which exceeded the Zacks Consensus Estimate by 8 cents but was well below the year-ago earnings of $1.10.   Quarterly Results   Revenues in the reported quarter came in at $107.87 million from $105.60 million in the year ago quarter, up 2%. Revenue for the quarter reflected a negative foreign exchange impact of approximately $1.4 million and included approximately $5 million from the acquisition of the Temperature Management business.   Sales in the North American market declined 2% to $79.1 million during the quarter, while International sales ...

Logitech Acquires LifeSize – Analyst Blog

Zacks Market Commentaries (November 11th, 2009) Writes:

Logitech International (LOGI) announced that it has agreed to acquire privately held LifeSize Communications of Austin, Texas for $405 million in cash. LifeSize is a global leader in high definition (HD) video communication solutions, with more than 9,000 video conferencing customers across 80 countries in large enterprises, small-to-medium businesses (SMBs) and public healthcare, education and government organizations.   The acquisition will enable Logitech to extend its leadership in video communication beyond the desktop.

Logitech and LifeSize plan to pursue existing and new relationships with unified communications, collaboration and VoIP industry partners and competitors to drive the development of an open eco-system for interoperable video communication.

LifeSize expects approximately $90 million in revenues in CY 2009, with CY 2010 revenues expected to grow between 40% and 60%. Logitech expects the acquisition to be neutral to slightly positive to its operating income (excluding acquisition-related charges) in FY 2011, ending March 31, 2011, and

...

GE Acquires Stake in Start-up – Analyst Blog

Zacks Market Commentaries (October 16th, 2009) Writes:
Tendril, the developer of the first integrated software/hardware platform to enable real-time, two-way communications between utilities/retailers and their customers on energy supply and consumption, is broadening its smart grid relationship with General Electric Company (GE) beyond appliances with an equity investment by GE Energy Financial Services.  GE Energy Financial Services is treating the venture capital investment as a follow-up to Tendril’s announcement in June that it raised $30 million in Series C funding, making it one of the best-funded energy management startups.  The Tendril Residential Energy Management Ecosystem (TREE) is designed to help utilities operate more efficiently to improve customer service and comply with new regulatory requirements.  GE’s investment builds on its appliances partnership with Tendril. GE Consumer & Industrial and Tendril announced in July that they would integrate the TREE Platform to work with GE's dryers, refrigerators, washing machines and other appliances. GE appliances ...

Zacks Bull and Bear of the Day Highlights: SINA Corp., Koninklijke Philips Electronics N.V., Masco, Dryships and Ford. – Press Releases

Zacks Market Commentaries (June 11th, 2009) Writes:
For Immediate Release

Chicago, IL - June 11, 2009 - Zacks Equity Research highlights SINA Corp. (SINA) as the Bull of the Day and Koninklijke Philips Electronics N.V. (PHG) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Masco (MAS), Dryships (DRYS) and Ford (F).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

SINA Corp. (SINA) is a leading provider of online media and value-added information services to the global Chinese community. The company posted a year-over-year increase in revenue, but results were below our estimates. SINA provided encouraging Q2 guidance.

However, economic growth in the country has continued to slow during to the global downturn. The company is also facing severe competition in

...

Philips Electronics (PHG) – Bear of the Day

Zacks Market Commentaries (June 11th, 2009) Writes:
Given the reduced visibility in the global economy, which progressively deteriorated during the quarter, Koninklijke Philips Electronics N.V. (PHG) has decided to restructure businesses in all three sectors, which led to additional charges in the Q1FY09. This has caused us to reduce overall revenue growth rate to negative 7.73% in Euro terms, for 2009 compared to negative 2.2% recorded for 2008.

The revenue growth rate in terms of dollars is projected at negative 17% for FY09 compared to 3.78% for FY08. The company is working to improve its cost structure and its EBITA margins have declined in 1Q09 due to restructuring charges booked.

Based on these results, we are maintaining our Sell rating on PHG with a price target of $17.00 or 24.9x 25.1x our 2009 EPADS estimate of $0.68.Zacks Investment Research

Zacks Analyst Blog Highlights: Analog Devices Inc., Gilead Sciences, CV Therapeutics, Koninklijke Philips Electronics N.V., and Skyworks Solutions, Inc. – Press Releases

Zacks Market Commentaries (March 20th, 2009) Writes:
For Immediate Release

Chicago, IL – March 20, 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: Analog Devices Inc. (ADI), Gilead Sciences (GILD), CV Therapeutics (CVTX), Koninklijke Philips Electronics N.V. (PHG) and Skyworks Solutions, Inc. (SWKS).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Thursday's Analyst Blog:

ADI Strategy Tough for Near Term

Most of Analog Devices Inc.'s (ADI) products are in the analog category. Analog and mixed-signal products tend to be more customized, with relatively longer life cycles than digital components.

Consequently, sales of older

...

Sell Philips Electronics – Analyst Blog

Zacks Market Commentaries (March 19th, 2009) Writes:
Headquartered in Amsterdam, The Netherlands, Koninklijke Philips Electronics N.V. (PHG) is one of the world's largest electronics companies and the biggest in Europe, with sales of EUR27 billion in 2007 and EUR26.3 billion in the full-year 2008.Given the reduced visibility in the global economy, which progressively deteriorated during the quarter, the company has decided to restructure businesses in all 3 sectors which lead to additional charges in the Q4FY08. This has caused us to reduce overall revenue growth rate to negative 3.2% in Euro terms, for 2009 compared to negative 2.2% recorded for 2008. The revenue growth rate in terms of dollars is projected at negative 12% for FY09 compared to 3.78% for FY08.The company is working to improve its cost structure and its EBITA margins have declined in 4Q08 due to restructuring charges booked. Based on these results, we have downgraded the shares ...

Lower Revenue Target For PHG – Analyst Blog

Zacks Market Commentaries (December 24th, 2008) Writes:

We maintain our Hold recommendation on the shares of Koninklijke Philips Electronics NV (PHG), one of the world's largest electronics companies and the biggest in Europe. Given the reduced visibility in the global economy, which progressively deteriorated during the quarter, the company has decided to accelerate a number of business and margin improvement projects in all three sectors which will lead to additional charges in the fourth quarter. This has caused us to reduce overall revenue growth rate to 1.63%, in Euro terms, for 2008 compared to 0% recorded for 2007. The revenue growth rate in terms of dollars is projected at 11.7% for FY08 compared to 9.72% for FY07. The company has worked to improve its cost structure and its EBITA margins have improved in 3Q08 in Healthcare and Lighting which were offset by the decline in Consumer Lifestyle. Based on

...

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