Seems to me like double bottom with some potential upside. Any comments?
Yes, it loks like a double bottim, but we still to watch a breakout.
Tuesday, we«ll got answers.
Thanks
Its ready to pop. Watch out tomorrow.
its a pretty chart...its goin on my watchlist, thx 8)
agree here.......just may wet my feet come tomorrow on this one.
;)
Nice one stocky, I like this type of pattern, certainly can fill that candle if the vol comes in, good risk reward play.
Mike
From what I understand of G-spots, it looks like we had a breakout today.
MSPD has been looked at on it's other spikes and David even considered it for the 3sof portfolio. May be a good one to look at again....
I need to think fast and write this recommendation fast, because my time is running out before the opening bell. I will justify this trade better on my first update, after the close.
Basically, I have these motives to buy the stock at today's open:
1) Fundamentals are improving rapidly and the stock is undervalued: Mindspeed(R) Reports Fiscal 2005 Third Quarter Results; Delivers Revenues of $27.7 Million, Achieving High End of Company's Expectations (http://www.marketwatch.com/tools/quotes/newsarticle.asp?dist=¶m=archive&siteid=mktw&guid=%7BEF04C4F2%2D5F90%2D4B90%2D9FA0%2DFBA3277E20BB%7D)
2) New brokerage firms are covering the company with buy ratings, and their clients will be attracted to the stock, as soon as it starts rising, as it's happening now: News Headlines about Mindspeed Technologies Inc (MSPD) (http://www.marketwatch.com/tools/quotes/news.asp?siteid=mktw&sid=1483859&property=sid&value=1483859&symb=mspd&doctype=2006)
3) The stock rose sharply on the earnings news but it wasn't technically ready to advance, came down a bit and consolidated those gains, and now it shot up to new short term highs (a G-Pattern, well, not a pure one but I guess eliteG won't mind me using his pattern in a distorted way ;))
4) There's an important resistance at $1.81. In fact, very important. If the stock blows out that resistance you'll see a lot of technical guys jumping in. I believe the stock will achieve that in the upcoming days (possibly today), fundamentals and recommendations from brokerage houses will ensure that. Perhaps the real deal in terms of resistances was the one on the long term semi-log scale chart, which was broken on the upside yesterday ! 8)
So I'm buying MSPD at today's open for the 3 Stocks on Fire Portfolio, as usual, 6.66% of capital. Here are the short and long term charts:
(This recommendation was made by David Randolph from 3 Stocks on Fire. 3 Stocks on Fire is a Community of stock traders and investors. Our 2814 members change trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)
hmm .. interesting chart.... We can see the same thing here as in PETS.. big white candle with consolidation with an exact touch of the open of the candle.. will watch this one if it's gonna do the same the coming days.. the open of the new white would be a good entrypoint
Quote from: nikao on August 17, 2005, 08:41:02 AM
the open of the new white would be a good entrypoint
hi nikao,
do you mean yesterdays open at 1.52 ?
thanks in advance
maxi
yes that's exactly what i mean ;)
Look in the PETS thread on this forum for more information about this pattern.
I think this is a good pick. I wish I didn't buy at the open $1.81 but bought more at $1.73.
I believe within a couple of days this may reward us well.
Hi! I bought MSPD today @ 1.75. I am new to 3stocksonfire. I learned about your service through trading VPHM.
I actually bought some of this stock a couple weeks ago at $1.52 on its first pop. Saw it go up to high 1.60's, then was disappoined to see it trade in the low 1.40's for the next couple weeks. Something told me to keep holding it, and I'm glad I did! I hope this goes up higher for all of us.
Jeff
Hi, Dav:
Any update on this one?
Sure, here's the update on MSPD :)
The $1.81 resistance level is probably going to break, but not without a fight as we saw yesterday. This still isn't the update where I'll go deep into the financials of this company, but just reading the last earnings report you get a good feeling about the turnaround in fundamentals that's taking place at MSPD.
If we get a close above $1.81, as I expect, the sky will clear for MSPD and a short term run to $2.14 will be granted. But then we'll see, the stock still needs to break $1.81, yesterday's session, with a recovery from the lows of the day was a good sign.
I bought in today at 1.66 thru 1.68... I like the chart. The Elec-Semiconductor Mfg sector is in favor with investors, always a big positive. Cash flow turning positive. 2 Year High over $10. Institutions have been adding to positions. All a good sign! We have a few more consolidation days and looking to see the uptrend continue.
We shall see!!!!
In this AM at 1.68 for 4,000 shares. - should have waited till after lunch ::)
I'm hoping to make enough to buy admitance to David's board for a few months ;D
This is beginning to hurt. Under $1.60 I might have to exercise my mental stop.
Nothing wrong with this stock.Its just kind of risky buying at resistence and hoping it goes through it like I did.
Often the low volume pullbacks will revers near the 9-day EMA
This one is at $1.57 so if it gets there may be a good point to buy - watch for it black line
(http://xs42.xs.to/pics/05334/mspd9period.jpg)
In general I don't like to buy break-out.
Instead, buying pull back at key support level is what I prefer.
VPHM ($9.8), BCON, RITA ($3.30), ELN ($8.20), CTTY ($9.00) etc are the ones bought at the right time and at the right price (key support level).
For break-out buy, once the price did not act as expected, exit quickly with small loss and re-enter it later on pull back. Otherwise, you have to take the pain even in short term for the losses.
Thanks for your posts :)
I wasn't expecting this sell off on MDSP.
MindSpeed is such a beautiful name for a company to have that I'm starting to wonder about Peter Lynch's theory of not buying stocks with attractive names, instead look for company's with horrible names, that's where you'll find the bargains :D
I was going to study the fundamentals of the company a bit deeply, but with this ugly reaction I won't do it anymore. You see, I'm a dangerous kind of trader, an idealist. To know the markets you need to know yourself, and sometimes protect your portfolio from yourself like it is needed now.
Suppose I read the financials of the company and find them terrific. Then it would be harder to sell at a reasonable loss if the stock turns south like it's turning, right? I prefer not to know, because one never knows, the reports and news might be great, but behind the scenes, at this time, bad things can be happening with the company and there's no way of knowing it, only in the next quarterly result presentation.
That's why there's only one thing I trust in the market: the market itself. The market always knows better and he's always right.
Ok, coming back to MSPD, this short term bearish move can be just a pullback to the original descending trendline breakout. But I'm afraid it isn't, I'm afraid my loss widens. I see a support just beneath today's close, which is $1.54. I don't want to see MSPD closing below that level or I'll be forced to sell. That would mean the $1.81 resistance level was more important than the descending trendline (though this was more subtle, and those usually are the most significant).
Thinking like this, I trust the market but I'm in control of the situation. I am able to stop playing when I please. I only play to win, so when losing, I walk away ... courage doesn't pay in the stock market, and besides, it takes a lot more courage and confidence to sell at a loss than to hold one.
Enough said, if the stock is set to close below $1.54 tomorrow I'll sell without hesitation, I hope the stock rebounds from this pullback to the descending trendline.
I have a 13dma of 1.51 and 50dma of 1.31. The last time the shareprice dipped under the 13dma it popped in two days to the 1.85 level. For it to hit the 13dma would require another down day giving us three in a row. It will either level off there and prepare for another jump continuing its uptrend or get caught consolidating for a longer period of time. Of course the worse case scenario is it will continue to dip on down through the 50dma, which for me is a no brainer. I do not anticipate this happening based on its recent behavior confirming an uptrend along with good fundamental changes in the company and also the fact the company is in a hot sector.
I plan to hold if it drops through the 13dma, double down, and see if we are due for another pop over the next couple of days, then make my call. I got in at a lower price than some so i can afford to wait this out a bit.
We shall see!!!!
Quote from: aitech61 on August 18, 2005, 11:08:07 PM
I have a 13dma of 1.51 and 50dma of 1.31. The last time the shareprice dipped under the 13dma it popped in two days to the 1.85 level. For it to hit the 13dma would require another down day giving us three in a row. It will either level off there and prepare for another jump continuing its uptrend or get caught consolidating for a longer period of time. Of course the worse case scenario is it will continue to dip on down through the 50dma, which for me is a no brainer. I do not anticipate this happening based on its recent behavior confirming an uptrend along with good fundamental changes in the company and also the fact the company is in a hot sector.
I plan to hold if it drops through the 13dma, double down, and see if we are due for another pop over the next couple of days, then make my call. I got in at a lower price than some so i can afford to wait this out a bit.
We shall see!!!!
another downday would point us to a Matt Hold pattern IMHO.. (bullish pattern)
So i don't mind another down day :) (at least it is followed by a nice white candle on monday)
http://www.hotcandlestick.com/directory/Bullish%20Mat%20Hold.htm
This time I will stick to my plan :P
QuoteOk, coming back to MSPD, this short term bearish move can be just a pullback to the original descending trendline breakout. But I'm afraid it isn't, I'm afraid my loss widens. I see a support just beneath today's close, which is $1.54. I don't want to see MSPD closing below that level or I'll be forced to sell. That would mean the $1.81 resistance level was more important than the descending trendline (though this was more subtle, and those usually are the most significant).
MSPD reacted well to the retest to the descending trendline, with a 4.4% rise on Friday. Now the stock needs to runaway on the upside, because this support is no good, since it goes down a bit everyday. Support could never be broken and an investor in MSPD could keep on losing more and more money. So it's not wise to trust on descending support lines.
Considering this, my threshold needs to be an horizontal support ($1.54), and I use the descending trendline just for indications, not for a hold/sell decision making process.
The game is simple for MSPD: decisively break the $1.81 resistance level, or instead break the $1.54 horizontal support level. I'll hold as long as the stock closes above $1.54 and hope it eventually breaks $1.81 on the upside.
The entry was good as it bounced right at 9-day -- but the volume was tiny. The NASDAQ volume though was the lowest of the year. This stock has a history of consolidating many days on low volume before another volume surge.
The 9-day EMA is rising so it could be used as a stop to keep at least a gain.
(http://xs43.xs.to/pics/05341/mspd1908.jpg)
Quote from: metro on August 22, 2005, 05:12:56 AM
The entry was good as it bounced right at 9-day -- but the volume was tiny. The NASDAQ volume though was the lowest of the year. This stock has a history of consolidating many days on low volume before another volume surge.
The 9-day EMA is rising so it could be used as a stop to keep at least a gain.
(http://xs43.xs.to/pics/05341/mspd1908.jpg)
If you look at it as a retracement/consolidation towards the opening of the big white candle.. (like it did before) than the volume was good. It's drying out.. like it has to in this pattern :)
I've enjoyed the volume increase yesterday on MSPD, although the candlestick was an undecided doji.
My business with MSPD is to wait for it to decide which way to go. The lower boundary is $1.54, the higher boundary is $1.81. The stock closed at $1.65 yesterday, so it's halfway either way. What's it going to be?
MSPD, with all it's MindSpeed, is the one who has the answer. I'm just a little fish in a shoal following all the other small fishes looking for food. I have no power over the ocean or predators.
We got no decision from MSPD, closing unchanged. No decision, no action, just keep the plan.
FYI:
Mindspeed(R) and LynuxWorks(TM) Announce LynxOS(R) Support for Comcerto(TM) VoIP Processors; LynxOS Enables Mindspeed's Comcerto Enterprise VoIP Customers to Develop Deterministic and Scalable Real-Time Applications
Tuesday , August 23, 2005 08:30 ET
NEWPORT BEACH, Calif., Aug 23, 2005 (BUSINESS WIRE) ---Mindspeed Technologies Inc. (NASDAQ:MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, and LynuxWorks Inc., a world leader in the embedded software market, today announced LynxOS(R) real-time operating system (RTOS) support for Mindspeed's Comcerto enterprise voice-over-IP (VoIP) processors.
Combined with Mindspeed's Comcerto VoIP processing solutions, LynxOS enables enterprise equipment manufacturers to design sophisticated real-time applications. LynxOS conforms to open standards including Linux(R), POSIX(R) and UNIX(R), and meets the stringent requirements for real-time, mission-critical applications while offering the time-to-market and investment-protection advantages of open standards-based development. LynxOS is designed for absolute determinism scalability, and predictable response for the most complex networking applications.
"We are excited to add LynxOS support for Mindspeed's Comcerto enterprise VoIP processors," said Dr. Inder Singh, chairman and CEO of LynuxWorks. "Combining the world's most powerful, open-standards RTOS with Mindspeed's complete system-on-chip voice processing solution will enable equipment customers to efficiently design high-performance voice systems and get them to market quickly."
"We are pleased to extend our relationship with LynuxWorks, which has proven the value of its robust operating system, BSP and tool chains to our mutual customers," said Steve McClure, executive director of marketing for Mindspeed. "Mindspeed's Comcerto processor architecture, combined with the benefits and experience that LynuxWorks brings, enables our customers to develop deterministic and scalable real-time applications while accelerating time to market."
Mindspeed's Comcerto architecture is optimized for VoIP applications with separate signal and packet processors. It integrates high-performance DSP cores and a packet-processing engine with industry-standard streaming packet interfaces to provide a high-density VoIP and voice-over-ATM system on a single chip.
Comcerto processors can also be combined with other open-source software applications to provide developers with an embedded platform for creating a wide variety of new services and capabilities.
good action today :D
time for another nice big white candle 8)
Stock is up 12% today!!! :)
Do you think this may break $2 (and stay above 2) by the end of the month?
Good luck to all longs!
Jeff
would be nice to see a volume of +4milion like the previous two whites had...
It really looked like MSPD was going to break the $1.81 resistance level when it was up 14%, but unfortunately by the end of the session a wave of selling hit the general market and took MSPD with it.
I'm going to take a small loss in MSPD today. The stock failed again, volume is weaker at each long white candle, so less people (or less money) believes in the break of the resistance level.
Also I've turned bearish on the general market (http://www.3stocksonfire.org/trading/index.php?topic=2411.0), so I'm willing to unload a good chunk of the 3 Stocks on Fire Portfolio today.
are you out yet?
I know you don't pay attention to much to intraday action, but it looks like MSPD is getting some support at 1,81 at this moment.. so it doesn't look that bad yet..
out:
http://www.3stocksonfire.org/closed_trades.php
;)
Quote from: la-onda on August 25, 2005, 10:01:17 AM
out:
http://www.3stocksonfire.org/closed_trades.php
;)
ok;) .. i was watching the order book and thought; damn randolph is probably out at 1,85 (high) and we're going down..
but untill now MSPD is having some good support around 1,81 / 1,82 .. but also some heavy resistance at 1,84 .. im still in now.. but watching the action to decide what to do.....
still looking good to me - i'm staying in for 2+
Up to 1.96 a couple of minutes ago- will it continue?
im out at 1,91 (was in at 1,67)... volume is to low for me
out at 1.92. i dont like how the volume drops in the afternoon. if i see more volume i might get back in.
Quote from: ncham on August 25, 2005, 02:18:33 PM
out at 1.92. i dont like how the volume drops in the afternoon. if i see more volume i might get back in.
with the volume hardly getting above average, the RSI going into oversold territory and the 200MA coming in (1,98 today) I don't think this will go further up without a consolidation period..
I'll wait for the stock to come down towards 1,63 - 1,65 .. if it does so on lowering volume.. i might pick it back up..
I am still holding this stock from $1.52 (about 6 weeks ago), and I see that it had a print of $2.00 on Friday! I wish we had more volume, though. Do any of you think this stock has potential upside into the mid 2's over the next couple weeks, or is it time to sell and get something else?
Thanks,
Jeff
>:D
Mindspeed(R) Raises Fiscal 2005 Fourth Quarter Outlook
Tuesday September 13, 8:30 am ET
Company Now Expects to Achieve 8-12 Percent Sequential Revenue Growth
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sept. 13, 2005--Mindspeed Technologies Inc. (NASDAQ:MSPD - News), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it now expects to achieve a sequential revenue increase of 8-12 percent for its fourth quarter of fiscal 2005, ending Sept. 30, compared to the 5-10 percent increase that it previously anticipated when the company released its third quarter financial results on July 25, 2005. Mindspeed reported revenues of $27.7 million for the third quarter of fiscal 2005.
´
"The pick-up in demand we experienced during our third fiscal quarter continued through July and August across the majority of our product families and we believe conditions are continuing to improve worldwide for the end markets we serve," said Raouf Halim, Mindspeed's chief executive officer. "At this point in the fourth quarter, we are on track to exceed $30 million in revenue."
Mindspeed will announce its fiscal fourth quarter results on Oct. 24, 2005.
This was on 3StocksOnFire with a resistance of $1.81, currently at $2.13. It looks like a stock which has bottomed and is gaining momentum on the upside. The outlook has improved.
I researched the Income Statement, Balance Sheet and Statement of Cash Flows and everything looks pretty healthy. Key note is that R&D is huge and without the R&D they would be very profitable.
Also, recent BOD election of a Time Warner Cable exec. looks very interesting. Time Warner Cable is among other things a large content provider.
Looks at where the 200 DMA is in relation to the current price.
Press Release:
Mindspeed Raises Fourth-Quarter Outlook
Tuesday September 13, 9:30 am ET
Mindspeed Substantially Hikes Fourth-Quarter Sales Guidance on Increasing Demand
NEWPORT BEACH, Calif. (AP) -- Semiconductor maker Mindspeed Technologies Inc. hiked its quarterly sales outlook on Tuesday, saying sales will increase as much as 12 percent from the third quarter because of continuing high demand.
The company's shares jumped 12.6 percent to $2.15 in premarket trading on the report.
For the fiscal fourth quarter ending Sept. 30, Mindspeed predicted sales growth of 8 percent to 12 percent over the third quarter -- significantly above the 5 percent to 10 percent increase the company forecast in July.
Mindspeed posted sales of $27.7 million in the third quarter, putting the new forecast at $29.9 million to $31 million. Analysts surveyed by Thomson Financial are looking for revenue of $29.8 million.
"The pickup in demand we experienced during our third fiscal quarter continued through July and August across the majority of our product families and we believe conditions are continuing to improve worldwide for the end markets we serve," Chief Executive Raouf Halim said in a statement. "At this point in the fourth quarter, we are on track to exceed $30 million in revenue."
Last week, fellow chipmaker Texas Instruments raised its outlook for the quarter and Intel narrowed its guidance around the same revenue midpoint.
http://biz.yahoo.com/ap/050913/mindspeed_outlook.html?.v=2
Awesome! Still holding the stock. Do you think this would be a good stock to hold through earnings next month? I don't normally like to hold stocks through earnings, but if they meet their expectations, it should go higher afterwards.
Jeff
sounds good IMO, but I´m not holding this stock any more.
good luck if you will decide to hold until earnings 8)
This stock hit 2.38 today already, much higher than I expected this soon. I will probably sell before earnings, because I expect the stock to run to the mid 2's, perhaps nearing $3 before earnings, then fall back to where it is now right after earnings.
Anyone else agree with that, or am I missing something?
Thanks,
Jeff
Heavy institutional buying in previous quarter. Looks like supply is drying up and demand for the stock increasing, as news comes out about the success of it's Comcerto(TM) Processors.
http://www.quote.com/qc/research/topholders.aspx?symbols=NASDAQ:MSPD
Name of holder Transaction type Transaction date Shares now held
FIDELITY MANAGEMENT & RESEARCH bought 570,037 30 Jun 2005 12,703,113
KOPP INVESTMENT ADVR bought 1,554,473 30 Jun 2005 6,031,031
BROOKSIDE CAP INVESTORS, L.P. bought 1,468,800 30 Jun 2005 5,156,800
FRONTIER CAPITAL MGMT CO, LLC bought 550,600 30 Jun 2005 4,890,000
Fund name Transaction type Transaction date Shares now held by holder
FIDELITY SEL ELECTRONICS PORT bought 1,804,200 31 May 2005 4,904,200
FIDELITY SEL DEVEL COMMUNS sold 1,014,094 31 May 2005 3,800,005
FIDELITY ADVR TECHNOLOGY FUND bought 982,600 30 Apr 2005 2,272,400
FIDELITY SEL TECHNOLOGY PORT bought 777,400 31 May 2005 2,250,000
poorman1
Mindspeed(R) and Teleca Announce VoIP Gateway Modules for Enterprise PBX Systems Integrating Comcerto(TM) Processors
http://biz.yahoo.com/bw/050915/155259.html?.v=1
Nice move today, It bounced off of 9-day EMA and that was also a the 200-day EMA so nice support and now back up to recent high so maybe another break out
(http://img265.imageshack.us/img265/5352/2009mspd6dv.jpg)
Let's hope so! I'm still holding this stock, but was tempted to sell it a couple times earlier this week. I'm glad I didn't! My emotions told me to sell, but the charts and indicators told me to hold, so I did. I'm trying to break the bad habit of trading on emotions, but rather on charts and technicals. Emotions will get you every time.
Jeff
I'm out at 2.27 today. Stock is acting a little bearish. High volume, down 8% on no news. Looks like someone knows something, but I can't be sure of that. But I enjoyed the run from 1.52. No one ever got hurt taking a profit!
Jeff
October 24, 2005 16:30:01 (ET)
NEWPORT BEACH, Calif., Oct 24, 2005 (BUSINESS WIRE) -- Mindspeed Technologies Inc. (MSPD, Trade), a leading supplier of semiconductor solutions for network infrastructure applications, today announced revenues of $31.1 million for the fourth quarter of fiscal 2005, which ended Sept. 30, 2005, up 12 percent over the $27.7 million reported in the third quarter of fiscal 2005, achieving the high end of its revised expectations of approximately 8-to-12 percent sequential quarterly revenue growth.
Revenues from multiservice access voice-over-IP (VoIP) solutions declined 1 percent sequentially over the prior quarter, contributing 28 percent of total fourth quarter revenues. Revenues from high-performance analog devices grew 3 percent sequentially and represented 23 percent of total quarterly revenues. Revenues from WAN communications products, including T/E carrier transmission devices and ATM/MPLS network processor solutions, increased 27 percent sequentially to 49 percent of total quarterly revenues.
"We are very pleased to have achieved the high end of our revenue expectations in the fourth fiscal quarter of 2005," said Raouf Halim, Mindspeed's chief executive officer. "Most important, we made significant progress on our path to profitability, reducing our pro forma operating loss by 44 percent to $4.5 million. Our book-to-bill ratio improved over the prior quarter and conditions continued to strengthen worldwide for our end markets."
Gross margin for the fourth quarter of fiscal 2005 was $21.9 million, or 70 percent of revenues. Mindspeed's pro forma operating loss for the fourth quarter of fiscal 2005 was $4.5 million, a reduction of 44 percent from the pro forma operating loss of $8 million reported in the third quarter of fiscal 2005. Presented on a GAAP basis, Mindspeed's operating loss for the fourth quarter was $4.6 million, as compared to $8.7 million in the prior quarter.
Mindspeed's pro forma net loss for the fourth quarter of fiscal 2005 was $4.1 million, or $0.04 per share, based on approximately 103.2 million average shares outstanding, compared to the pro forma net loss of $8.8 million, or $0.09 per share, in the prior quarter based on approximately 102.7 million average shares outstanding. Presented on a GAAP basis, the net loss for the fourth quarter of fiscal 2005 was $4.3 million, or $0.04 per share, compared to $9.5 million, or $0.09 per share in the prior quarter. Combined cash and marketable securities totaled $56.3 million at Sept. 30, 2005.
As described below, the pro forma results, which are a supplement to financial results based on generally accepted accounting principles (GAAP), exclude amortization of intangible assets and special items. Mindspeed uses pro forma information to evaluate its operating performance and believes this presentation provides investors with additional insight into underlying operating results by excluding amortization of intangible assets and the effects of special items which include restructuring charges, asset impairments and other significant discrete items that may not be indicative of Mindspeed's core operating results. Cash consumption is the net increase (decrease) in cash and cash equivalents excluding the sale of convertible senior notes, deferred financing costs and purchases and sales of marketable securities. These measures provide an operating perspective not immediately apparent from GAAP operating loss or net loss. In addition, Mindspeed has historically reported similar financial measures and believes that the inclusion of comparative numbers provides consistency in its financial reporting. These measures of earnings and cash flows are not in accordance with, or an alternative for, GAAP and may be different from pro forma measures used by other companies. A reconciliation of the pro forma and GAAP results is included in the accompanying financial data.
Outlook
"Looking ahead to our current first quarter of fiscal 2006, we believe that our voice-over-IP and high-performance analog businesses are both poised to drive our growth this quarter. In fact, our current backlog for these businesses is significantly higher than what it was at this point in the fourth quarter," Halim said.
Mindspeed expects first-quarter fiscal 2006 revenues to be up approximately 5-to-8 percent sequentially. The company expects overall gross margin to be approximately 69 percent and expects quarterly pro forma operating expenses to be approximately $26 million. As a result, Mindspeed expects its fiscal 2006 first quarter pro forma operating loss to be approximately $3 million, an improvement of 30 percent sequentially over the fourth quarter of fiscal 2005, and to reduce its cash consumption.
October 24, 2005 16:30:01 (ET)
NEWPORT BEACH, Calif., Oct 24, 2005 (BUSINESS WIRE) -- Mindspeed Technologies Inc. (MSPD, Trade), a leading supplier of semiconductor solutions for network infrastructure applications, today announced revenues of $31.1 million for the fourth quarter of fiscal 2005, which ended Sept. 30, 2005, up 12 percent over the $27.7 million reported in the third quarter of fiscal 2005, achieving the high end of its revised expectations of approximately 8-to-12 percent sequential quarterly revenue growth.
Revenues from multiservice access voice-over-IP (VoIP) solutions declined 1 percent sequentially over the prior quarter, contributing 28 percent of total fourth quarter revenues. Revenues from high-performance analog devices grew 3 percent sequentially and represented 23 percent of total quarterly revenues. Revenues from WAN communications products, including T/E carrier transmission devices and ATM/MPLS network processor solutions, increased 27 percent sequentially to 49 percent of total quarterly revenues.
"We are very pleased to have achieved the high end of our revenue expectations in the fourth fiscal quarter of 2005," said Raouf Halim, Mindspeed's chief executive officer. "Most important, we made significant progress on our path to profitability, reducing our pro forma operating loss by 44 percent to $4.5 million. Our book-to-bill ratio improved over the prior quarter and conditions continued to strengthen worldwide for our end markets."
Gross margin for the fourth quarter of fiscal 2005 was $21.9 million, or 70 percent of revenues. Mindspeed's pro forma operating loss for the fourth quarter of fiscal 2005 was $4.5 million, a reduction of 44 percent from the pro forma operating loss of $8 million reported in the third quarter of fiscal 2005. Presented on a GAAP basis, Mindspeed's operating loss for the fourth quarter was $4.6 million, as compared to $8.7 million in the prior quarter.
Mindspeed's pro forma net loss for the fourth quarter of fiscal 2005 was $4.1 million, or $0.04 per share, based on approximately 103.2 million average shares outstanding, compared to the pro forma net loss of $8.8 million, or $0.09 per share, in the prior quarter based on approximately 102.7 million average shares outstanding. Presented on a GAAP basis, the net loss for the fourth quarter of fiscal 2005 was $4.3 million, or $0.04 per share, compared to $9.5 million, or $0.09 per share in the prior quarter. Combined cash and marketable securities totaled $56.3 million at Sept. 30, 2005.
As described below, the pro forma results, which are a supplement to financial results based on generally accepted accounting principles (GAAP), exclude amortization of intangible assets and special items. Mindspeed uses pro forma information to evaluate its operating performance and believes this presentation provides investors with additional insight into underlying operating results by excluding amortization of intangible assets and the effects of special items which include restructuring charges, asset impairments and other significant discrete items that may not be indicative of Mindspeed's core operating results. Cash consumption is the net increase (decrease) in cash and cash equivalents excluding the sale of convertible senior notes, deferred financing costs and purchases and sales of marketable securities. These measures provide an operating perspective not immediately apparent from GAAP operating loss or net loss. In addition, Mindspeed has historically reported similar financial measures and believes that the inclusion of comparative numbers provides consistency in its financial reporting. These measures of earnings and cash flows are not in accordance with, or an alternative for, GAAP and may be different from pro forma measures used by other companies. A reconciliation of the pro forma and GAAP results is included in the accompanying financial data.
Outlook
"Looking ahead to our current first quarter of fiscal 2006, we believe that our voice-over-IP and high-performance analog businesses are both poised to drive our growth this quarter. In fact, our current backlog for these businesses is significantly higher than what it was at this point in the fourth quarter," Halim said.
Mindspeed expects first-quarter fiscal 2006 revenues to be up approximately 5-to-8 percent sequentially. The company expects overall gross margin to be approximately 69 percent and expects quarterly pro forma operating expenses to be approximately $26 million. As a result, Mindspeed expects its fiscal 2006 first quarter pro forma operating loss to be approximately $3 million, an improvement of 30 percent sequentially over the fourth quarter of fiscal 2005, and to reduce its cash consumption.
I think we could see good things from MSPD tomorrow.
Has reversed the last little pullback and looks ready to rip - I'll be very interested to see what happens tomorrow :o :o :o
Hi,
time to buy
Buy at 1.990
target at 2.500
stop at 1.730
news :
NEWPORT BEACH, Calif., Oct 24, 2005 (BUSINESS WIRE) -- Mindspeed Technologies Inc. (MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced revenues of $31.1 million for the fourth quarter of fiscal 2005, which ended Sept. 30, 2005, up 12 percent over the $27.7 million reported in the third quarter of fiscal 2005, achieving the high end of its revised expectations of approximately 8-to-12 percent sequential quarterly revenue growth. ...
NEWPORT BEACH, Calif., Nov 02, 2005 (BUSINESS WIRE) -- Mindspeed Technologies Inc. (MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that company representatives will be presenting at the Pacific Growth Equities Top Picks in Tech Conference. ...
NEWPORT BEACH, Calif., Nov 14, 2005 (BUSINESS WIRE) -- Mindspeed Technologies Inc. (MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, and Jungo Ltd., a leading provider of small office/home office (SOHO) and server message block (SMB) gateway software platforms, today announced that the two companies have integrated Jungo's OpenSMB application running on Mindspeed's Comcerto 800 voice and data processor. Mindspeed and Jungo have teamed together to allow original equipment manufacturers (OEMs) to simplify development cycles and accelerate time-to-market for IP-PBX and VPN router equipment. ...
Semiconductor stocks are going up.... ;) ;)
--- MSPD about to confirmed the CUP with HANDLE
--- Need to break 2.47 for confirmation
--- Volume.. over twice the average volume from yesterday session ;)
Cup with Handle is kicking in...broke the minor resistance @ 2.47 ......(High of the day @ 2.53) .... lets see what she got in the following sessions :) ;) :D
its up nice today getting close to the year high. do you think it has much more up side? i bought it at 2.40. thank you terlisa
Breaking out!! .... breaking out!!! (CUP WITH HANDLE) ;) :D ;D
Quote from: dennis67 on January 05, 2006, 12:43:49 PM
its up nice today getting close to the year high. do you think it has much more up side? i bought it at 2.40. thank you terlisa
I think so dennis... MSPD just confirmed the CUP with handle ;)
Nice run - I missed it this time - several times had it near 2 and it failed at 2.20ish so I sold then would buy back but forgot about it this last week..
Oh well with so many stocks breaking out there is not enough money to play them all anyway. That VTSS was in the same group in the past and it is great this week and today ZIXI that had bounced form trend shot up 20% on news and BTUI took off and SUNW broke out as well as DIET. GBVS which has been super up about 10 days finally today pulled back and got to 1.25 then reversed and there was time to get in and it ran up 45% then on second test only went to maybe 1.30ish and ran to 1.70 so amazing action. Things breaking out all over. Should be some pullbacks but hopefully this action will bring the bears for the sidelines for some spike high in the indexes as the major ones are already at all time highs so they will at some point make a top. While it lasts is is sure great.
It sure has been a lovely one.You did a great job on the pick Stocky! Applaud...
Just dont'understand why this was not a very active thread.
Breakout From the Ascending Triangle(continuation) Pattern.
Support @ $2.45...2.37...2.30
Resistance @ $2.88...2.98
MACD is Bullish
Stochastic is Bullish
As Terlisa pointed out the (CUP WITH HANDLE)
And on this 1 year chart a very nice Double Bottom(Reversal) Pattern formed
Patterns within patterns....awesome!
Volume Today: 3,028,387
Avg Volume (3m): 984,937
nice run up, but correction to 2.10...2.40 area could be welcome.with last days' good volume
CMF still at negative side - many sellers cashing in.
sold yesterday at 2.62 thanks again for the pick.
Cup with Handle in control... MSPD will rock hard!! broke the major resistance...now sky is the limit baby!!.... today close @ HOD $3.29pps ;) :D ;D
Quote from: Terlisa on December 24, 2005, 11:35:56 AM
Semiconductor stocks are going up.... ;) ;)
--- MSPD about to confirmed the CUP with HANDLE
--- Need to break 2.47 for confirmation
--- Volume.. over twice the average volume from yesterday session ;)
Good call Terlisa, Absolutely ripping, applaud ;D ;D ;D
Quote from: Terlisa on January 27, 2006, 12:57:45 AM
Cup with Handle in control... MSPD will rock hard!! broke the major resistance...now sky is the limit baby!!.... today close @ HOD $3.29pps ;) :D ;D
Quote from: Terlisa on December 24, 2005, 11:35:56 AM
Semiconductor stocks are going up.... ;) ;)
--- MSPD about to confirmed the CUP with HANDLE
--- Need to break 2.47 for confirmation
--- Volume.. over twice the average volume from yesterday session ;)
Updated Chart: ;)
Great call Terlisa!
Quote from: stocky on May 31, 2005, 07:59:24 PM
Its ready to pop. Watch out tomorrow.
Stocky that was an understatement..... ;)
Trend following system still in control... MSPD $$$$ ;)
This is a VoIP play and Cramer mentioned it today and its up to its 52 week high in AH. Lets find some more VoIP plays..... ;D
MSPD - Mindspeed Technologies Inc.
Sector: Technology
Industry: Semiconductor Equipment & Materials
Mkt Cap: 444.80 Million
Profile: Mindspeed Technologies, Inc. engages in the design, development, and sale of semiconductor networking solutions for communications applications in enterprise, access, metropolitan, and wide-area networks (WANs).
website: http://www.mindspeed.com/web/home.jsp
Reason for the trade:
- Technical breakout with volume(charts below).
- Support close by.. able to place tight stop.
- Earnings Run Trend(April 24)
- Semiconductor sector may be getting strong again.
- Qtr revenue growth seems strong.
- Company has a cool name.
So the main reason this trade even popped up into the possibility of being in 3SOF is that it had a technical breakout. The reason we have selected it is because we are 2.5 weeks out from earnings and there is a trend called "Earnings Run" where a stock will run into its earnings 2-3 weeks out. We are smack dab in the middle with 2.5 weeks out and the semiconductors are looking strong(although this is a semi/networking play). There is some gap resistance above but we are willing to bet MSPD can deal with that. We will not be holding through earnings! Also affecting my decision here was that the company has a cool name and I want to be able to say I own Mindspeed Technologies. :D
We will buy MSPD @ market open.
Nice Pick G,
This just popped up on my filter tonight as well. I think i'll be joining the 3sof team in the morning :). EGY looks decent too.
-fous
Popped up on my filter again tonight. Bringin it back to the public table. Buying in the morning. Nice looking ascending triangle breakout we got here.
-foussssssssssssssssssss
I believe this is also a Cramer favorite, and the huge volume spike day was when Cramer mentioned it if I am not mistaken.
Good call G, :)
Just FYI, a couple of days ago cramer talked very nicely about MSPD. It always helps to have a little push from someone like him, ;)
Good luck tomorrow,
rafael
Tuesday 4/4/06 Cramer's quote:
"I WOULD GO INTO CNXT OR MSPD. WHY CNXT? BECAUSE MERRILL RECOMMENDED IT TODAY. WHY MSPD? BECAUSE OF PCMS' ACQUISITION AFTER THE CLOSE. THAT'S A LOT OF INFO!
BUT I AM GOING TO REFERENCE THE PREVIOUS TWO JEWELS OF CNXT AND MSPD. I THINK THAT, RIGHT NOW, THEY'RE MORE VALUABLE THAN FNSR AND AVNX, BUT I LIKE THE WHOLE LOT - YOU'VE GOT FOUR OF A KIND - FOUR ACES!"
Totally agreed that semi and tech will have a run in April during earning release.
Look at our previous picks:
ASTSF - $10.21 already break-ouit big ($9.80 and next resistance $15 is far away)
ATML - $5.20 break-out big yesterday ($5.00)
SUNW - about to break-out (previous highs $5.50 - $5.75)
CNXT - broke-out $3.60 few days ago
TMTA - about to break-out at $2.20
TRAD - correction finished and will start the run again.
.......
I can say that DAVID picks are most good but the timming happened to be wrong - after big run and need to have a correction.
QuoteI believe this is also a Cramer favorite, and the huge volume spike day was when Cramer mentioned it if I am not mistaken
Picked up CNXT from that show, so far up 10%, I will take it.
Plan to take a position in MSPD as well !
Why you ask?? For the cool name of course hehe MUCH MUCH cooler then Conexant
Thanks G ;D
The Cramer mention totally puts me off. I think I will have to watch this one from the sidelines. Good luck.
hi g,
are you going to buy the gap up ?
thanks,
maxi
Quote from: rickjust on April 07, 2006, 09:18:41 AM
hi g,
are you going to buy the gap up ?
thanks,
maxi
yes we bought it ;)
--------------
We bought MSPD @ 4.28.
4.29 for me :'(
ha!ha!ha!ha!
good luck, >:D
$ 4,26... ;) but just too early :-\ :-\ it looks like.
Have to run and usually do not watch them, so I'm happy :)
Amarens
looks like the gap will fill.
gonna and see where this lands
maxi
4.23 for me :D
Hoping to see t bounce off the pivot
$4.17 here, looks like it found it's support at $4.15 8)
She rumbled of the Double Bottom.
Going in and out of stocks is not a strategy that will generate the great profits you really want, "Not a strategy that I implement in my trading"!, Finding a winner and sticking with it until it hits a trailing stop is the way to Real earnings.
Technicals
Record Price High
Last Price Quote is:
inf%above 13-day EMA
inf%above 50-day EMA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $454.43
P/E Ratio: NA
PEG Ratio: -2.576
Next Earnings: 04/24/2006
Last Analyst Rating: Outperform
Quote from: setravis on April 08, 2006, 08:29:41 PM
She rumbled of the Double Bottom.
Going in and out of stocks is not a strategy that will generate the great profits you really want, "Not a strategy that I implement in my trading"!, Finding a winner and sticking with it until it hits a trailing stop is the way to Real earnings.
You are absolutely right Setravis... Sometimes this is my problem too, getting out from a stock so early & missing the BIG chunks of profits... & i'm happy i'm learning now, I'm following & combining some indicators that will make me stay in the trade in the first place & not to get out too soon & this is the "
13 day EMA WEEKLY" .... the most important of this Trend Following Indicator (EMA13) is the slope, it pays to go LONG when this slope is up & go Short/or take profits when this slope is turning down. But you have to analyze the 13 EMA in the weekly charts, In this way your perspective will be five times greater than that of your competitors.
Goodluck!! ;)
ATML is another example of this, I bought ATML the time David made a call in the 3Fast Portfolio @ around 2.30 if i'm not mistaken.
As you can see the 13 day EMA still rising on the WEEKLY Chart... that was a very LOUD call to hold ATML ;)
I have to put this one in my head, the most important of the 13 Day EMA is the SLOPE (it is a very simple indeed)...TRADE with THE DIRECTION OF THE SLOPE... & Hold until not turning down ;)
Another one example is NVAX... I first bought NVAX around $1.50 but then sold again too early...a mistake that I needed to learn.
You see.. NVAX weekly EMA13 still pointing up this baby will rally soon again & will beat the latest high ;)
Again, weekly MACD-Histogram (this is an Indicator that i'm using with weekly EMA13) managed to stay @ positive side.
update MSPD:
Impressive. Holding a gain on the market and semi sell off Friday is most impressive. Support is in place now for MSPD to continue this rise. Lets make sure we have an exit plan if things dont go our way.
We will hold MSPD unless it closes below 3.8.
------
Position: bought MSPD @ 4.28 on 4/07/2006
Order: Hold
Exit: on close below 3.8
Target: n/a
------
Well, I stopped out. >:(
I guess on these ones where we sell on close I should not set a stop loss. :'(
I just got back home and saw the notification. I was also stopeed out at 3.80. :-\.
I know the order was "sell if closes below 3.80"
Some of us cannot be in monitoring the position all day long and cannot get to it until after the close. Then we might need to set a wider stop loss with an additional instructions to sell in case we close below a certain price. Just a thought.
thanks,
rafael
;)
Quote from: mexirafa on April 11, 2006, 01:37:27 PM
I just got back home and saw the notification. I was also stopeed out at 3.80. :-\.
I know the order was "sell if closes below 3.80"
Some of us cannot be in monitoring the position all day long and cannot get to it until after the close. Then we might need to set a wider stop loss with an additional instructions to sell in case we close below a certain price. Just a thought,
Also I would prefer a standard stop recommendation rather than "hold, unless it is set to close below..." or "hold, unless it closes below..."
Wasn't 3SOF supposed to work in way that you could read the daily update in the morning, place and modify your orders and triggers as necessary, and then be free for the rest of day? That's what attracted me to 3SOF in the first place and I believe it used to be like that in the past, until eliteG joined the team.
Of the 10 open trades with stop recommendations, 3 are moderated by Ramsburg and all 3 have a standard stop recommendation. The other 7 are moderated by eliteG and they all have the "unless it is set to close below..." or "unless it closes below..." recommendation.
I do hope that G will give this some thought. If 3SOF was able to make 195% in less than a year with standard stops, it should hopefully not be necessary to complicate our trading procedures.
3SOF did not have standard stops. David also used the term if it is set to close...
I've read G's instruction 'sell after close below...' as if it closes below the mentioned price they will sell in the morning.
I think that's also what he explained.
Amarens
Quote from: Amarens on April 11, 2006, 03:50:47 PMI've read G's instruction 'sell after close below...' as if it closes below the mentioned price they will sell in the morning.
I think that's also what he explained.
If there has been an explanation, I haven't seen it but I am a recent subscriber.
However, I have not yet seen a "sell after close below..." recommendation. What I have seen is "hold, unless it closes below...". You may say that this is exactly the same, but see how another member interprets it, in the XRTX thread:
Quote from: netfishmademerich on April 11, 2006, 04:15:53 PMstop on close is the best strategy because irratic intraday price movements can throw you out of a stock unnecessarily.
Also you can't wait until tomorrow to sell because sometimes the stock will gap down next day, then you'd have to guess if the price will come up to the gap for you to bail, or not.
"Unless it is set to close below..." and "unless it closes below..." are not very precise recommendations and it can make quite some difference in your selling price, i.e. your loss, whether you sell at 3.48 p.m., at 3.58 p.m., or at the open the following trading day.
Quote from: Amarens on April 11, 2006, 03:50:47 PM3SOF did not have standard stops.
I am quite new here and all I know is that all of Ramsburg's currently open trades, including those he took over from David, have standard stop recommendations:
"Hold EZM with a stop @ $1.52"
"Hold GNA with a stop @ $8.80"
"Hold XING with a stop @ $8.35"
Recommendations of this type allow me to enter what Ameritrade calls a "stop market" order at the indicated price, and then I can forget about it except to update the stop when recommended.
I haven't reviewed many of David's recommendations but from what I have seen he used to post, after the close, recommendations like "sell GIGM at today's open" after a price had fallen. With such recommendation, one can enter a sell order at market, which will then be filled at the open.
Quote from: Amarens on April 11, 2006, 03:50:47 PMI've read G's instruction 'sell after close below...' as if it closes below the mentioned price they will sell in the morning.
Amarens, just now I realised that you are right. My apologies.
I now see, using MSPD as an example, that if the stock closes below 3.80 on any day, then on the following morning I should place a sell order at market, which will then be filled at the open. No need for me to sit in front of the computer and watch the price movement toward the close. And, of course, I need to read the daily updates to see if there is a recommendation to adjust the on-close stop.
The chip market in general has been a mess the last few days with negative sentiment coming from some big inst's, i have lost my ass here buying some $70,000 worth of shares between MSPD and TQNT, I didn't sell as it didn't close below $3.80.
We need some very carefull guidence right now from 3sof considering the market move in general wth semi's today. is the downtrend going to continue or will we see an end to this blood bath tomorrow
Hello,
I also misunderstood the selling procedures. My mistake!!!
Concerning MSPD, I should've had a wider stop below the 50 MA this way I would have protected my position in case of a retracement like the one we had today and G's recommendation.
I also hold a position in CNXT which had a similar retracement. My stop below the 50 MA kept my position alive. Hopefully tomorrow it will bounce back up.
Oh well, we learn something new everyday.
Quote from: Maestro on April 11, 2006, 06:39:21 PM
Aaren's, just now I realised that you are right. My apologies.
Thanks :) , but I don't think I was either :D.
The misunderstanding comes from before. G in the meantime changed his wording into 'unless it is set to close below...'. In case of MSPD $ 3,80. In that case I think we can differ is $ 3,82 set to close below... 3SOF decided not and kept MSPD so did I. Today we'll know whether that was a good decision :-\
G used to word instructions also as 'unless it closes below...' That meant selling the next day at the open. That's not used anymore.
Anyway it's hard to give instructions when it's so close to a critical price. A stop (which Ramsburg indeed uses. David hardly ever did in the past) is clear, but can have you being stopped out during the day when you did not want to based on the close. Not being able to watch 15 min. before the close is hard with these instructions. Maybe 3SOF together with all of us can think of a solution ??? ???
G, maybe 3SOF can answer how you look at "set to close below..." Sometimes it just bounces down in the last minute and one can't sell anymore. What is your trigger. This might help some of us.
Maestro, great trading.
Amarens
Hey guys.. I've been reading this but I'm confused as to where the confusion is? We have a:
We will hold MSPD unless it closes below 3.8.
This condition was not fulfilled? The only way to evaluate this condition is after market close.. the idea would be to sell the next morning ;) but we would always update our order if we are selling first anyway.. so this sell condition is really <<hold but evaluate a sell on close data>>.
Of course not everyone follows this and feels safer with a stop. Thats ok but we trade the way we plan :) I hope this answers your questions. We do not set a <<sell if set to close>> anymore.. so no issue there.
G,
Confusion comes from you email instruction letter. I just found out. I was sure I read what you just said but that is on the thread. In the email letter (also one from today) it says:
MSPD - HOLD, unless it is set to close below $3.80
That's where the confusion is from...wording needs to be changed there still. I knew it meant selling the next day b/c of another thread where we had this confusion before.
Hope this helps ;)
Amarens
wow :-X.. i see what you mean.. we will get that mixup fixed.. thx for the heads up :)
Quote from: eliteG on April 12, 2006, 08:53:32 AMWe do not set a <<sell if set to close>> anymore.. so no issue there.
I am happy about that and, having recognised and cleared up my earlier confusion, this makes my life easier. It's not that I am lazy – most days I would be free to watch the close at 4 p.m. ET (9 p.m. my time when I am in England, 10 p.m. when in Switzerland, 4 a.m. when in Thailand) – but I am completely hopeless at stock analysis, technical, fundamental or otherwise, and I got burnt far too often in the past because of my inability to choose a suitable exit point.
Therefore, I have to rely on others and for this year I have chosen 3SOF, accepting that all information posted are merely recommendations and the decisions will remain my responsibility alone, win or lose.
I just sold my MSPD at $3.78
I got tired of watching it today, and I think the weekly candle chart looks bad.
Good luck guys.
watching level 2 and raw trade data on this stock indicates to me there are a lot of shares being traded on this stock that aren't obvious to see, my best guess is this was taken down to allow a large buyer to take a large position, us small retail investors will have to wait for this to finish.......anyone looking at HOM wow
@ 12:56 it just became unstuck, looks like we may see positive move
update MSPD:
MSPD, the semis and the market all moved heavily downward. It is time to sell. The timing on this earnings run was off. I tried to catch a semiconductor rally before there was one :-X.. lesson learned(price = ow). At this point MSPD can very well break its 50ma and move lower.
We will sell MSPD in the morning.
THIS HOLDS 3.70 AND CAN RETEST 4 RANGE
5k lost on this and 3k lost on TQNT $8000 dollars
we follow your lead
Yo gharknes,
I don't know how you are trading man, but if you are well diversified it shouldn't hurt as much.
In this game you have to follow "your own lead". 3sof is a great site to "share" information and learn from others. But at the end, it only YOU who makes the last analysis on the trade and places the order to buy or sell. Never blame others for your losses,
;)
Quote from: gharknes on April 18, 2006, 03:34:57 AM
5k lost on this and 3k lost on TQNT $8000 dollars
we follow your lead
hi,
i got in with sfo on mspd and tqnt. got out after one day with a loss didn't like the action or the chart. have to do your own decision making otherwise you will blame others for your loss ,
only you can decide when to buy or sell. the rest is just a Guide,
maxi
No complaints from me. I signed up to the premium service on 20 March this year and after today's sale of MSPD and NMKT my portfolio, including cash balance, is at the moment still up 2.6%. As time passes and more stocks get into my 3SOF portfolio, the increase will probably get higher. If it goes down, I blame nobody, if it goes up, I give credit to the lads of the 3SOF team.
Another portfolio, handled by a professional investment consultant, increased 17.1 % last year, while this web site reports a gain of 194% for the 3SOF portfolio since 28 April 2005. My conclusion: I could do worse than paying heed to the recommendations given on the 3SOF board.
Quote from: mexirafa on April 18, 2006, 08:34:11 AM
only YOU who makes the last analysis on the trade and places the order to buy or sell. Never blame others for your losses,
;)
So agree!!! Only blame yourself.
I've not stepped out when 3SOF did and made great profits ::), I also stepped out before they did and could have made greater profits :'( and I did not step out and are still looking at a loss :'(. You know it's your own plan you should follow. On avarage I'm happy. Love this community and all I'm learning. If I could I would applaud all right now :).
I've decided to step out of TQNT didn't like the charts anymore. Stil undecided on MSPD. The chart (mine ;)) shows that as long as MSPD closes above the TL, which stands at $ 3,67 today, it's okay in my opinion. So I'm going to sit today out and look 30 min. before closing.
Amarens
Quote from: Amarens on April 18, 2006, 10:40:21 AM
shows that as long as MSPD closes above the TL, which stands at $ 3,67 today, it's okay in my opinion.
I got out of MSPD a few days back and I posted it to the board. I think the stock is okay at this level but for the portfolio the entry was not too good. With an entry of $4.28 it will be a while before it can break even, especially now that it will encounter a few resistence points before that price. Keep an eye on the weekly candle.
I think for TQNT, if you decide to hold watch for close under $5, similarly with CPST which the 3SOF portfolio will still be holding, I'd be wary with a close under $4. These are supposd to be mo-stocks, so watch the mo.
Agree $ 5,- is a long term support, still don't like the recent chart on TQNT, which is different on MSPD. That's why I'willing to give the last one some room as long as it closes above the TL.
Amarens
Quote from: Amarens on April 18, 2006, 11:18:04 AM
Agree $ 5,- is a long term support, still don't like the recent chart on TQNT, which is different on MSPD. That's why I'willing to give the last one some room as long as it closes above the TL.
Amarens
Just a comment. I can understand selling MSPD according to plan (close below 3.80), but the rationale for selling TQNT before it either went up or reached the stop of $4.80 is inexplicable to me, especially in the light of today's action. Both stocks moved up. What happened to plan the trade, trade the plan?
I pay to get advice that I could not give myself. Otherwise, why be a member. So I rely on it to be well-considered. I am not certain it was. So, please don't come down too hard on someone, who lost alot of money on today's advice. I did not sell, by the way. Probably dumb luck, but.......
Question: What is the level of sophistication that is required to use the recommendations on this site with some independence?
Bobbi
Quote from: labelladonna on April 18, 2006, 05:21:40 PM
Just a comment. I can understand selling MSPD according to plan (close below 3.80), but the rationale for selling TQNT before it either went up or reached the stop of $4.80 is inexplicable to me, especially in the light of today's action. Both stocks moved up. What happened to plan the trade, trade the plan?
I pay to get advice that I could not give myself. Otherwise, why be a member. So I rely on it to be well-considered. I am not certain it was. So, please don't come down too hard on someone, who lost alot of money on today's advice. I did not sell, by the way. Probably dumb luck, but.......
Question: What is the level of sophistication that is required to use the recommendations on this site with some independence?
Bobbi
Bobbi - I understand your concern.
A reason for a sell in the portfolio is always given. In this case check the TQNT thread: http://www.3stocksonfire.org/trading/index.php?topic=5113.0
The original reason for the buy was compromised(A semiconductor rally) therefore the plan must be adjusted to compensate. Managing a portfolio(one with 15 hot positions) is like working in a garden. We try to sow the best seeds(picks) but can not control the sun and rain(the market). We try to give our flourishing plants room to grow and must always take out the weeds.
The 3SOF team have been successful gardeners for quite some time. This does not mean we are always right but we usually have a good harvest.
We consider it our #1 job to find the members here opportunity(great stock picks). The portfolio trading strategy is designed for a portfolio divided into 15 slots(taking on 6.66% risk of capital max). We know that our members may trade differently than we do.. but our results speak for themselves. Last I checked we are over 230%.
So to sum up.. the 3SOF team is proud of our performance. Much work, experience and deliberation goes into making our selections and decisions. It hurts to hear members losing money on a pick but of course that is part of the stock market. Please take the time to browse through our closed trades and look at our current winners.
G,
Do u never sleep, ur on this website virtually 24/7....please keep up the good work...
B
Sorry for confusion, i'm not blaming anyone, I made the trade and if it was totally outside of 3sof I would have sold next day, as stated above I didn't like the action following my purchase, the reason I joined 3sof was because there are people here with more experience than me so I pay for their expertise and advice, the reason I lost so much is because of the size of my investment. Perhaps we will see a different TQNT and MSPD after next week when earnings are announced, may have been a good idea just to hold them and wait, I have a feeling thy will both have good reports
The general market is a wicked place right now and deserves some extra attention i think.
Still holding. TL for today stands at $ 3,69. If it's set to close below I'll sell.
Go MSPD go >:D
Amarens
Thanks, G, for your kind reply. I really appreciate it. Both the content, the metaphor and the civility. Just what I've come to expect from 3stocks.
One thing I've noticed is that occasionally a choice will be made, doesn't appear to pan out, a sell recommendation given, and soon that stock moves up. So, the choice was good, the timing off. For example, I have been trading Canwest Pete (CWPT) for months. It was one of David Randolph's choice.
In any case, from a trader's point of view, (or a baby trader like me), do I just let it go and go on to the next thing, putting it on a watch list?
Thank you again for your response!
Bobbi
G, I read the TQNT thread. Makes perfect sense. Do not let your money lie fallow too long.
Thanks! "I think I've got it!"
Bobbi
Quote from: beroznikmal on April 18, 2006, 11:37:11 PM
G,
Do u never sleep, ur on this website virtually 24/7....please keep up the good work...
B
Sleep? What is that? :D lol this is my virtual home.. thx B. :)
Quote from: gharknes on April 19, 2006, 06:17:20 AM
Sorry for confusion, i'm not blaming anyone, I made the trade and if it was totally outside of 3sof I would have sold next day, as stated above I didn't like the action following my purchase, the reason I joined 3sof was because there are people here with more experience than me so I pay for their expertise and advice, the reason I lost so much is because of the size of my investment. Perhaps we will see a different TQNT and MSPD after next week when earnings are announced, may have been a good idea just to hold them and wait, I have a feeling thy will both have good reports
The general market is a wicked place right now and deserves some extra attention i think.
Goodluck with TQNT and MSPD ;) .. for now they seem to be holding.. and TQNT still has a nice chart. ;) Holding over earnings is risky business.. we never intended to hold these over earnings.
Quote from: labelladonna on April 19, 2006, 09:07:32 AM
Thanks, G, for your kind reply. I really appreciate it. Both the content, the metaphor and the civility. Just what I've come to expect from 3stocks.
One thing I've noticed is that occasionally a choice will be made, doesn't appear to pan out, a sell recommendation given, and soon that stock moves up. So, the choice was good, the timing off. For example, I have been trading Canwest Pete (CWPT) for months. It was one of David Randolph's choice.
In any case, from a trader's point of view, (or a baby trader like me), do I just let it go and go on to the next thing, putting it on a watch list?
Thank you again for your response!
Bobbi
This is one of the most toughest things to learn. It's important to be able to let stocks go because your timing is off.. no matter how great they are. Just keep them on your list and you will be able to pick them up when they do move. Bottom line: Your analysis is only right if the market agrees with you..period.
Quote from: labelladonna on April 19, 2006, 09:18:36 AM
G, I read the TQNT thread. Makes perfect sense. Do not let your money lie fallow too long.
Thanks! "I think I've got it!"
Bobbi
exactly ;)
Quote from: eliteG on April 18, 2006, 10:27:35 PM
Managing a portfolio(one with 15 hot positions) is like working in a garden. We try to sow the best seeds(picks) but can not control the sun and rain(the market). We try to give our flourishing plants room to grow and must always take out the weeds.
;) G, I like these words. I know you are writing a book. Is about poetry ?? ;D.
Quote from: nica33 on April 19, 2006, 02:43:52 PM
Quote from: eliteG on April 18, 2006, 10:27:35 PM
Managing a portfolio(one with 15 hot positions) is like working in a garden. We try to sow the best seeds(picks) but can not control the sun and rain(the market). We try to give our flourishing plants room to grow and must always take out the weeds.
;) G, I like these words. I know you are writing a book. Is about poetry ?? ;D.
Lol :) Yes poetry..
The Art of Stock Warfare 8)
Nice session yesterday. 7+% up :)
Still holding. TL for today stands at $ 3,71. If it's set to close below I'll sell.
Amarens
BULL FLAG BREAKOUT:
MSPD had a Bull Flag breakout on March 21, putting Target: 4.55 IN PLAY unless/until the stock closes back below the breakout, or unless/until the stock completes a bearish chart pattern.
MSPD got only to 4.37, at which time (April 6, 7 and 10) it put in a 3-day Bearish Evening Star candlestick pattern. That wasn't a bearish chart pattern, but it was a bearish candlestick pattern, and a warning.
BEARISH HEAD AND SHOULDERS TOP:
April 17, MSPD closed below the neckline (3.74 - 3.75) of a H&S Top. As a result:
1. The bearishness of the April 6, 7 and 10 Evening Star Pattern is confirmed.
2. The Bull Flag target of 4.55 is CANCELLED because a bearish pattern completed, which put a bearish target of 3.13 IN PLAY.
3. It would appear, in Elliott Wave parlance, that the rally to the high of 4.37, might have been a "truncated" Wave 5 rally, "truncated" meaning that the rally got "cut off" prior to achieving the target of 4.55 that was IN PLAY.
BULL TRAP RALLY:
Once the neckline (3.74 - 3.75) was broken and closed below, on April 17, MSPD "shouldn't" have been able to get back above the high of the Right Shoulder, which was 3.95. A print of 3.96, and especially a close above 3.96, would suggest that the breakdown of the H&S Top was a "false breakdown."
MSPD did just that.
It not only rallied above 3.95, it closed at 3.96 on April 19. That put the H&S Top target: 3.13 ON HOLD because that looked bullish for MSPD to be able to close above the Right Shoulder.
Shorts are inclined to cover on a close like that, and longs feel more confident about their long postions, so BOTH groups take bullish action: cover shorts, and take long positions. Obviously, neither group wants to see MSPD close back below the 3.74 - 3.75 neckline.
MSPD did just that.
BULL TRAP IS SPRUNG:
Yesterday, April 24, MSPD closed back below the neckline (3.74 - 3.75) of the H&S Top on fairly heavy volume.
BOTH shorts, who covered the print or close of 3.96, and longs who took new positions at 3.96 are "trapped" there, because they thought it was bullish to close at 3.96. As the chart stands, it wasn't.
Thus, a "bull trap."
The H&S Top target: 3.13 is back IN PLAY unless/until MSPD closes back above the neckline (3.74 - 3.75) of the H&S Top.
If MSPD can close above 4.01, the Bull Trap scenario is negated.
I stuck to my plan and sold yesterday at $ 3,85. Still a little loss, but my patience paid of a little :-\.
Great analysis Melfelf. Wow, very impressed.
Amarens
Mindspeed Narrows 2Q Loss
Monday April 24, 5:35 pm ET
Mindspeed Narrows Second-Quarter Loss; Sees Third-Quarter Operating Profit
NEWPORT BEACH, Calif. (AP) -- Mindspeed Technologies Inc., a maker of network processors and routers, said on Monday it narrowed its second-quarter loss, and it expects to achieve an operating profit in the third quarter.
Net loss for the quarter was $7.1 million, or 7 cents per share, narrowed from a loss of $18.4 million, or 18 cents per share, last year. Excluding expenses, the second-quarter loss was $4.3 million, or 4 cents per share. Revenue for the quarter was $34.6 million, up 30 percent from $26.6 million last year.
Analysts polled by Thomson Financial expected the company to report, on average, a loss of 3 cents per share on $34.57 million in revenue.
Looking forward, the company said it expects a 2 percent to 5 percent sequential increase in revenue -- implying third-quarter sales of $35.3 million to $36.3 million. Analysts expect the company to report $36.9 million in revenue.
Mindspeed also said it expects to achieve an operating profit, excluding unusual charges and expenses, for the third quarter.
"We believe that we will achieve operating profitability on a non-GAAP basis in our current third fiscal quarter. This is based on expected strong revenue growth from our VoIP products combined with operating expense reductions, including a modest restructuring as well as several nonrecurring cost-saving measures," Raouf Halim, chief executive, said in a prepared statement.
Shares of Mindspeed were trading at $3.40 in the extended session, down 25 cents, or 3.40 percent, from Monday's closing price of $3.65 on the Nasdaq.
Quote from: Amarens on April 25, 2006, 07:24:43 AM
I stuck to my plan and sold yesterday at $ 3,85. Still a little loss, but my patience paid of a little :-\.
Great analysis Melfelf. Wow, very impressed.
Amarens
Thanks, Amarens. It looks like you made a good move if MSPD opens near it's last trade in pre-market, at 3.38. Applause.
It looks like they disappointed the street (when people say that, I always picture a big slab of concete, sobbing).
:'( :'( :'(
MSPD: WR Hambrecht Cuts to Hold from Buy; Analyst Notes
Tuesday , April 25, 2006 09:23 ET
Issuer: Mindspeed Technologies, Inc. (NasdaqNM: MSPD)
Analyst Firm: WR Hambrecht
Ratings Action: DOWNGRADE
Current Rating: Hold (from Buy)
Analyst Comments: MSPD has reported disappointing CQ1 EPS of a loss of (4c) vs. the firm's estimate and the Street of (2c) on revenue of $34.6M (4.2% Q/Q growth) vs. their estimate and the Street of $35M. The company provided a disappointing outlook of 2-5% revenue growth, below the firm's estimate of 6%. They are downgrading the stock for the following reasons: 1) in the near-term, they believe there is a lack of catalyst due to the disappointing revenue guidance; 2) while the inventory issue is related to one major customer, they recommend investors take a cautious approach until we see further visibility with regards to the channel; 3) despite that the back-end test and packaging issues are under control, they believe this could lead to limited upside revenue guidance in the H2 and 4) the stock is fairly close to previous $4.00 price target and with the reduced annual revenue estimates following the earning release, they believe the stock is fairly valued at these levels.
Quote from: Melf Elf on April 25, 2006, 06:36:15 AM
Thus, a "bull trap."
The H&S Top Target: 3.13 is back IN PLAY unless/until MSPD closes back above the neckline (3.74 - 3.75) of the H&S Top.
If MSPD can close above 4.01, the Bull Trap scenario is negated.
The Bull Trap in the Right Shoulder (explained in last post) was a tricky little devil, but The H&S Top Target:
3.13 MADE this afternoon.
This is a big news. Looks like its going to break $2 today.
Huawei-3Com Selects Multiple Mindspeed(R) Transmission Devices for Network Router Series
Wednesday August 30, 1:29 pm ET
Mindspeed Provides Complete Solution with HDLC, LIU and BAM Devices
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 30, 2006--Mindspeed Technologies, Inc. (NASDAQ:MSPD - News), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that Huawei-3Com has selected Mindspeed's high-level data link control (HDLC), broadband access multiplexer (BAM) and T3/E3 line interface unit (LIU) devices for use in the company's H3C AR series routers. Huawei-3Com is a joint venture between Huawei Investment and Holding Co., Ltd. and 3Com.
ADVERTISEMENT
"By providing Layer 1 and Layer 2 solutions with accompanying software, we are able to offer complete solutions for Huawei-3Coms channelized and unchannelized T3, T1, and OC-3 cards enabling accelerated time-to-market and reduced system costs," said Taqi Mohiuddin, director of product marketing for Mindspeed.
Mindspeed's highly integrated, 1,024 multi-channel HDLC controller used in conjunction with its high-density BAM and multi-port T3/E3 LIU devices enable Huawei-3Com to develop a high-density, software configurable datacom router.
Huawei-3Com's AR series routers are oriented to enterprise users, serving as convergence layer routers in large networks or core routers in medium-sized networks. The H3C AR series routers meet all requirements for network performance, service integration, high reliability, high security and tri-play solutions for rapid information development.
About Huawei-3Com
Huawei-3Com is a leading global supplier of IP networking products including routers, switches, security, voice/video, storage, wireless LANs and SOHO solutions. It aims to achieve worldwide IP networking market leadership through fast, responsive and customized product development to meet the exacting requirements of today's customers.
The company was created as a joint venture between Huawei Investment and Holding Co., Ltd. of China and 3Com of the United States. Headquartered in Hong Kong, with research and development centres in China (Beijing, Hangzhou and Shenzhen) and India (Bangalore), the company employs more than 4,500 people with more than half engaged in R&D. Additional information can be found at www.huawei-3com.com.
About Mindspeed Technologies®
Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide area networks.
The company's three key product families include high-performance analog transmission and switching solutions, multiservice access products designed to support voice and data services across wireline and wireless networks, and WAN communications solutions including T/E carrier physical-layer and link-layer devices, as well as ATM/MPLS network processors.
Mindspeed's products are used in a wide variety of network infrastructure equipment including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.
To learn more, visit us at www.mindspeed.com.
Safe Harbor Statement
This press release contains statements relating to Mindspeed, and our future results, including certain projections and business trends, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results, and actual events that occur, may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: market demand for our new and existing products and our ability to increase our revenues; our ability to maintain operating expenses within anticipated levels; our ability to reduce our cash consumption; availability and terms of capital needed for our business; constraints in the supply of wafers and other product components from our third-party manufacturers; the ability to attract and retain qualified personnel; successful development and introduction of new products; obtaining design wins and developing revenues from them; pricing pressures and other competitive factors; order and shipment uncertainty; fluctuations in manufacturing yields; product defects; and intellectual property infringement claims by others and the ability to protect our intellectual property, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.
In today ;)
MSPD looks like it could be ready to break out of its base here. 2 month flag formation after the initial move up from the lows. Look for the break of 1.85 today.... If it does it should easily run to 2.00. Will it get some volume???
Lets see....
Quote from: ScottishTrader on October 16, 2006, 07:02:58 AM
MSPD looks like it could be ready to break out of its base here. 2 month flag formation after the initial move up from the lows. Look for the break of 1.85 today.... If it does it should easily run to 2.00. Will it get some volume???
Lets see....
Hey ScottishTrader pushing2 mil volume, I called that some good stuff.... ;D
What you talking about another million or so ?
Applaud your update and chart work.....keep err coming scottman.... ;)
I think it will get some volume...JMHO....of course ! ;D
Indeed Setravis, I suppose I shoud be happy with that kinda volume, just as long as it continues ;)
Things look to be lining up nicely for MSPD, with the break out from the descending channel, but got stopped on Monday just below 2.00. Actually I thought MSPD held up pretty well yesterday in spite of the general market sell off and I like the look of this setup and since I didn't buy on Monday, I took yesterday's small pullback as an opportunity to open a position.
Obviously, 2.00 is immediate resistance, and it may need a bit of power to break through there, but I like how both the 50SMA and 13EMA are turning up, and the BBs are widening with price pushing outside the envelope - often suggestive of the beginning of a powerful move. I am looking for a short term target (1 week) of next resistance at 2.25, provided it breaks above 2.00. Stop (mental) will be a close below 1.80, which would have represented a much nicer risk/reward had I bough Monday, but I can live with it for now.
Good trading!
"MSPD" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$
I will leave you the chart while I am in this thread.....
MSPD, Mindspeed (NAS), trading above 2, has broken out of a 5 month base. The volume is not impressive, though the MACD has been indicating an impending rally.
However, keep in mind that the company is not growing its top line, it is still losing a great deal of money and it is knee-deep in debt. I bring it up for those who are more risk-tolerant than me.
In the interest of full disclosure, I decided not to play the breakout, for the reasons stated above. I don't know how far it can move but I didn't think it was worth rolling the dice.
What I WAS buying until yesterday (now it's 10c higher) was GRSR (The Dutch Girasolar, soon moving to the BB from the pinks), one of the most intriguing solar micro plays out there.
The BB King
Please use the 'Search' before opening new threads, there are already 3 topics on MSPD!
http://www.3stocksonfire.org/trading/index.php?topic=7667.0 (http://www.3stocksonfire.org/trading/index.php?topic=7667.0)
http://www.3stocksonfire.org/trading/index.php?topic=5112.0 (http://www.3stocksonfire.org/trading/index.php?topic=5112.0)
http://www.3stocksonfire.org/trading/index.php?topic=2302.0 (http://www.3stocksonfire.org/trading/index.php?topic=2302.0)
I will, no problem. I'm new to the site.
Got your attention, though, right?
The BB King
TheBBKing ,
The topic you started on MSPD has been merged with this thread.
Welcome aboard and good luck with all your trades. ;)
After a nice 6 month base building period, MSPD broke out to a short term high and retested the 200ma today. If it holds this level, we could see a nice move up. :)
MSPD $0.6 will be a big gainer next week . It will report record earnings AH tomorrow 4/21 AH
The recent pre-announcement below lifted the stock 25%. The stock is back down to prior pre-announcement levels. I expect an even larger and more sustained increase when the official numbers are announced on 4/21/2008.
The $36.2M that will be reported next week will be 16% higher than the same quarter last year and the bottom line significantly better with non-GAAP profitability and positive cash flow. Guidance is expected to be strong because of the several contracts recently won by the company. Ironically, the stock is a lot stronger than at this time last year when it was trading above $2.
The average analysts' target price is $2.04
Here is the April 8, pre-announcement:
Mindspeed(R) Delivers Record Revenues in Its Fiscal 2008 Second Quarter; At High End of Guidance Range
Tuesday April 8, 8:30 am ET
Revenues Increased Approximately 3 Percent Sequentially to $36.2 Million Driven Primarily by Record Shipments of Multiservice Access Processors for Voice-over-IP (VoIP)
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Mindspeed Technologies, Inc. (NASDAQ:MSPD - News), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that fiscal 2008 second quarter revenues increased approximately 3 percent sequentially to a record $36.2 million, at the high end of the guidance range of $34.2 million to $36.4 million it provided on January 28, 2008. The revenue growth was driven primarily by record revenues from the company's multiservice access processors for VoIP.
In its fiscal 2008 second quarter the company delivered positive non-GAAP operating income and positive non-GAAP cash flow consistent with its prior guidance.
About Mindspeed Technologies®
Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks.
The company's three key product families include high-performance analog transmission and switching solutions, multiservice access voice-over-IP processors designed to support voice and data services across wireline and wireless networks and WAN communication products such as T/E carrier transmission devices and ATM/MPLS network processors.
(http://bigcharts.marketwatch.com/charts/big.chart?symb=mspd&compidx=aaaaa%3A0&ma=3&maval=100&uf=0&lf=1&lf2=32&lf3=0&type=2&size=3&state=11&sid=1483859&style=330&time=8&freq=1&nosettings=1&rand=3960&mocktick=1&rand=9192)
The recent pre-announcement below lifted the stock 25%. The stock is back down to prior pre-announcement levels. I expect an even larger and more sustained increase when the official numbers are announced on 4/21/2008.
The $36.2M that will be reported next week will be 16% higher than the same quarter last year and the bottom line significantly better with non-GAAP profitability and positive cash flow. Guidance is expected to be strong because of the several contracts recently won by the company. Ironically, the stock is a lot stronger than at this time last year when it was trading above $2.
The average analysts' target price is $2.04
Here is the April 8, pre-announcement:
Mindspeed(R) Delivers Record Revenues in Its Fiscal 2008 Second Quarter; At High End of Guidance Range
Tuesday April 8, 8:30 am ET
Revenues Increased Approximately 3 Percent Sequentially to $36.2 Million Driven Primarily by Record Shipments of Multiservice Access Processors for Voice-over-IP (VoIP)
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Mindspeed Technologies, Inc. (NASDAQ:MSPD - News), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that fiscal 2008 second quarter revenues increased approximately 3 percent sequentially to a record $36.2 million, at the high end of the guidance range of $34.2 million to $36.4 million it provided on January 28, 2008. The revenue growth was driven primarily by record revenues from the company's multiservice access processors for VoIP.
In its fiscal 2008 second quarter the company delivered positive non-GAAP operating income and positive non-GAAP cash flow consistent with its prior guidance.
About Mindspeed Technologies®
Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks.
The company's three key product families include high-performance analog transmission and switching solutions, multiservice access voice-over-IP processors designed to support voice and data services across wireline and wireless networks and WAN communication products such as T/E carrier transmission devices and ATM/MPLS network processors.
Mindspeed(R) Q2 Fiscal 2008 Earnings Conference Call
Monday, April 21, 2008
2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time
NEWPORT BEACH, Calif., Apr 02, 2008 (BUSINESS WIRE) -- Mindspeed Technologies, Inc., (NASDAQ:MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, will conduct a conference call announcing its second fiscal quarter 2008 results on Monday, April 21, 2008, at 2:00 p.m. Pacific Time /5:00 p.m. Eastern Time.
To listen to the conference call via telephone, call 866-246-6203 (domestic) or 706-643-1612 (international); password: Mindspeed. To listen via the Internet, please visit the Investors section of Mindspeed's web site at www.mindspeed.com (http://www.mindspeed.com). Replay of the conference will be available via telephone two hours after it concludes for 30 days by calling 800-642-1687 (domestic) or 706-645-9291 (international); conference ID: 42095407. Replay will also be available on Mindspeed's web site at www.mindspeed.com (http://www.mindspeed.com).
SOURCE: Mindspeed Technologies, Inc.
Mindspeed Technologies, Inc.
Editorial Contact:
Thomas Stites, 949-579-3650
or
Investor Relations Contact:
Simon Biddiscombe, 949-579-6283
"MSPD" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. ::)
Thank You....and good luck with all your trades....make some $$$ ;D
The 1 year chart for this pup...
Mindspeed Wins ZTE Corporation's Best Global Partner Aw...
NEWPORT BEACH, Calif., Apr 07, 2010 (BUSINESS WIRE) -- Mindspeed Technologies, Inc. (MSPD, Trade ), a leading supplier of semiconductor solutions for network infrastructure applications, today announced it has been named "Best Global Partner" for 2009 by ZTE Corporation, a leading global provider of telecommunications equipment and network solutions. The award was presented by ZTE at its annual partner event in Shenzhen.
Mindspeed supplies a number of products to ZTE, including Mindspeed(R)'s Comcerto(R) family of carrier infrastructure voice processors, as well as its analog crosspoint switches and inverse multiplexing for asynchronous transfer mode (IMA) products. Mindspeed also has announced that ZTE is evaluating Mindspeed's Transcede(TM) family of highly integrated baseband devices for 3G/4G/long-term evolution (LTE) basestations. Mindspeed's products are used across ZTE's broad portfolio of telecommunications equipment and network solutions, which the company delivers to over 500 operators in more than 140 countries.
"ZTE values Mindspeed's role in helping us to provide our customers with outstanding products," said Tian Weibing, vice president of ZTE purchasing. "As the supplier of the world's widest and most complete range of products for the wireline, wireless, service and terminals markets, ZTE must work closely with hundreds of highly qualified suppliers. We are pleased to rank Mindspeed at the top of that list for 2009."
"We are deeply honored to have been recognized by ZTE with this award," said Raouf Halim, chief executive officer at Mindspeed. "We value our long-time relationship with ZTE, one of the most innovative and successful telecommunications and networking equipment manufacturers in China and around the world. We are committed to meeting and exceeding ZTE's high standards for many years to come."
About ZTE
ZTE is a leading global provider of telecommunications equipment and network solutions. It has the widest and most complete product range in the world- covering virtually every sector of the fixed, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to achieve continued revenue growth and to shape the future of the world's communications. ZTE commits around 10% of its annual turnover to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. ZTE leads China's 3G industry with about 30% share of the total 3G equipment market in 2008. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact that strictly adheres to the Ten Principles of the Global Compact in developing and carrying out CSR programs. ZTE is China's only listed telecoms manufacturer, with shares publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn .
About Mindspeed Technologies
Mindspeed Technologies, Inc. designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure, which includes today's separate but interrelated and converging enterprise, broadband access, metropolitan and wide area networks. Our products are classified into three focused product families: multiservice access, high-performance analog and wide area networking communications. Our products are sold to original equipment manufacturers (OEMs) for use in a variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers, digital loop carrier equipment, IP private branch exchanges (PBXs), optical modules, broadcast video systems and wireless basestation equipment.
To learn more, visit us at www.mindspeed.com .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding the company's expectations, goals or intentions, including, but not limited to, product features and their benefits and customer relationships. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about the company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. These risks and uncertainties include, but are not limited to: cash requirements and terms and availability of financing; future operating losses; worldwide political and economic uncertainties, and specific conditions in the markets we address; fluctuations in the price of our common stock and our operating results; loss of or diminished demand from one or more key customers or distributors; our ability to attract and retain qualified personnel; constraints in the supply of wafers and other product components from our third-party manufacturers; pricing pressures and other competitive factors; successful development and introduction of new products; doing business internationally and our ability to successfully and cost effectively establish and manage operations in foreign jurisdictions; industry consolidation; order and shipment uncertainty; our ability to obtain design wins and develop revenues from them; lengthy sales cycles; the expense of and our ability to defend our intellectual property against infringement claims by others; product defects and bugs; business acquisitions and investments; and our ability to utilize our net operating loss carryforwards and certain other tax attributes. Risks and uncertainties that could cause the company's actual results to differ from those set forth in any forward-looking statement are discussed in more detail under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Quarterly Report on Form 10-Q for the quarter ended January 1, 2010, as well as similar disclosures in the company's subsequent SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
ZTE and ZTEaa...' are registered trademarks of ZTE CORPORATION. ZTE's company name, logo and product names referenced herein are either trademarks or registered trademarks of ZTE CORPORATION.
SOURCE: Mindspeed Technologies, Inc.
Editorial Contact:
Magnet PR Group
Lisa Briggs, 949-305-5131
[email protected] or
Investor Relations Contact:
Mindspeed Technologies, Inc.
Andrea D. Williams, 949-579-3111
Mindspeed Quadruples Core Switching Matrix Size by Introduci...
NEWPORT BEACH, Calif., Apr 08, 2010 (BUSINESS WIRE) -- Mindspeed Technologies, Inc. (MSPD, Trade ), a leading supplier of semiconductor solutions for network infrastructure applications, today announced the world's first 288x288 asynchronous non-blocking crosspoint switch. The M21170 switch provides an unprecedented 82,944 unique switching paths in a single, monolithic integrated circuit (IC), and will enable a new generation of significantly larger serial data switches such as those used by broadcast video and optical transport networks.
Mindspeed(R) will be demonstrating its M21170 crosspoint switch at the NAB Show in Las Vegas, Nev., April 12 through April 15, 2010, in the company's booth, #N408, at the Las Vegas Convention Center.
The most common switching devices used in large routers to date have been 144x144 crosspoint switches. Mindspeed's M21170 uses a single chip to create a 288x288 non-blocking matrix for a router's switching core, replacing four cascaded 144x144 crosspoints required to achieve the same number of inputs and outputs. This method significantly reduces the size, cost and complexity of today's largest switchers. Mindspeed's quadrupling of the core matrix will double this available switching capacity, enabling users to route significantly higher numbers of serial data streams.
Crosspoint Switches used in Video Broadcast Industry
In recent years, the technological advances in the delivery of streaming live and pre-recorded video through a variety of media has allowed consumers to access video programming of their choice anywhere and anytime. This has sharply increased the demand for more content, which must be generated, routed and distributed within a television station, and requires larger and more complex switchers capable of routing very large numbers of video signals. Achieving such large routing switcher sizes was previously impossible, as legacy solutions required an unmanageable number of cascaded 144x144 crosspoints. The M21170 will enable equipment manufacturers to meet this growing market demand by simplifying the design of very large matrix video broadcast routing switchers used by networks, local broadcasters, cable and telecommunications service providers, mobile production companies and other organizations.
"Having used Mindspeed's broad line of industry-leading crosspoints in many of our products, we are very excited to see Mindspeed's continued investment and innovation in providing switching solutions for the broadcast market," said Rakesh Patel, chief technology officer at Evertz Microsystems Ltd. "The new 288x288 device, the first of its kind, has the potential to dramatically improve equipment design while enabling a new generation of flexible, large scale, high performance routers. As total functional density continues to increase, technologies such as the new 288x288 device are essential for allowing us to improve performance, increase per RU port count, and equally as important: Reduce Power Consumption. We are excited at being able to harness this technology to provide the broadcast market with new and innovative routing solutions."
"This is a major milestone for the video broadcast industry, on the road to significantly larger, more capable multi-format SD and HD switchers," said Kurt Busch, senior vice president and general manager of Mindspeed's high-performance analog business unit. "A few years ago, a 256x256 routing switcher was considered very large; now, 512x512 and 576x576 switchers are in hot demand, and broadcasters are asking for even larger switches. The size of these large routers is limited only by the size of the switching core, and now manufacturers can replace up to four cascaded 144x144 crosspoints with a single 288x288 solution. With this introduction, Mindspeed offers the industry's broadest crosspoint portfolio, all the way from 2x2 devices to the world's largest non-blocking switch."
According to WinterGreen Research, the markets for crosspoint switches are expected to grow at a compounded annual growth rate (CAGR) of 27 percent to $2.98 billion by 2015. "Some applications are relatively recession-proof, including high-speed video applications," said Susan Eustis, president, WinterGreen Research. "The video segment is expected to remain strong even in the global downturn, and drive demand for crosspoint switches."
Crosspoint Switches used in Optical Transport and Switching
Crosspoint switches offer a very efficient foundation on which to implement circuit switched backplanes. These backplanes are composed of hundreds of high speed serial links such as those found in today's highest performance Optical Transport Networks (OTN) / Dense Wave Division Multiplexing (DWDM) systems.
On a per channel basis, circuit switch implementations typically cost about one third of packet switched ones. According to Infonetics Research, WDM bandwidth is expected to double by 2013, thereby greatly increasing the demand for larger crosspoint switches used in that segment. By using Mindspeed crosspoint switches, system manufactures can design products that are not only cost effective, but also deliver high performance and scalable solutions to meet the requirements of the most demanding service provider.
Technical Details
Each switching path in the M21170 can operate independently at any data rate of up to 3.2 Gbps, allowing for multi-rate routing and switching in a single device. The crosspoint also uses Mindspeed's proven signal-conditioning technology to compensate for signal losses that typically accumulate across the extended trace lengths of very large systems. Mindspeed's signal-conditioning technology provides a robust, easy-to-implement solution that includes input equalization for multiple data rates and various trace lengths up to 40 inches, as well as output pre-emphasis. These and other M21170 features ideally suit the crosspoint device for a broad range of switching applications, including SD/HD/3G-SDI routers for broadcast video and OTN switches for telecom service provider networks, both of which require very robust operation.
The M21170 joins a comprehensive family of Mindspeed crosspoints, cable equalizers, reclockers, and cable drivers and signal conditioners that enable the development of highly sophisticated video broadcast equipment and OTN switches.
The M21170 crosspoint is sampling now, with volume production scheduled to begin in the fourth quarter of 2010. It is packaged in a 50mmx50mm ball grid array (BGA) package and priced at $2,900 in volumes of 1,000.
About Mindspeed Technologies
Mindspeed Technologies, Inc. designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure, which includes today's separate but interrelated and converging enterprise, broadband access, metropolitan and wide area networks. Our products are classified into three focused product families: multiservice access, high-performance analog and wide area networking communications. Our products are sold to original equipment manufacturers (OEMs) for use in a variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers, digital loop carrier equipment, IP private branch exchanges (PBXs), optical modules, broadcast video systems and wireless base station equipment.
To learn more, visit us at www.mindspeed.com .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding the company's expectations, goals or intentions, including, but not limited to, product features and their benefits, product production schedule, product pricing and market demand. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about the company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. These risks and uncertainties include, but are not limited to: cash requirements and terms and availability of financing; future operating losses; worldwide political and economic uncertainties, and specific conditions in the markets we address; fluctuations in the price of our common stock and our operating results; loss of or diminished demand from one or more key customers or distributors; our ability to attract and retain qualified personnel; constraints in the supply of wafers and other product components from our third-party manufacturers; pricing pressures and other competitive factors; successful development and introduction of new products; doing business internationally and our ability to successfully and cost effectively establish and manage operations in foreign jurisdictions; industry consolidation; order and shipment uncertainty; our ability to obtain design wins and develop revenues from them; lengthy sales cycles; the expense of and our ability to defend our intellectual property against infringement claims by others; product defects and bugs; business acquisitions and investments; and our ability to utilize our net operating loss carryforwards and certain other tax attributes. Risks and uncertainties that could cause the company's actual results to differ from those set forth in any forward-looking statement are discussed in more detail under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Quarterly Report on Form 10-Q for the quarter ended January 1, 2010, as well as similar disclosures in the company's subsequent SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Mindspeed Technologies, Inc.
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