3SOF

Conexant Systems (CNXT)on 23 June, received an upgrade from Wachovia Securities to market perform from underperform, citing revenue stability. The broker told clients that in its universal access business, the company's share gains and positive PC end-market demand should offset concerns of aggressive pricing.

NEWPORT BEACH, Calif., Jul 11, 2005 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade), a worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home, invites financial analysts, members of the media and the public to participate in a conference call announcing results for the third fiscal quarter of 2005. The conference call will take place on Wednesday, July 27, 2005, at 5 p.m. Eastern Time / 2 p.m. Pacific Time.

To listen to the conference call via telephone, dial 866-650-4882 (in the U.S. and Canada) or 706-679-7338 (from other international locations); security code: Conexant. To listen via the Internet, visit the Investor Relations section of Conexant's Web site at www.conexant.com/ir. Playback of the conference call will be available shortly after the call concludes and will be accessible on Conexant's Web site at www.conexant.com/ir or by calling 800-642-1687 (in the U.S. and Canada) or 706-645-9291 (from other international locations); pass code: 7760485.

Up in after hours

CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 

After Hours (RT-ECN): 2.09  0.20 (10.58%)

Last Trade: 1.89
Trade Time: 4:00PM ET
Change:  0.03 (1.56%)
Prev Close: 1.92
Open: 1.87
Bid: 0.87 x 2500
Ask: 2.89 x 2500
1y Target Est: 1.58

  Day's Range: 1.77 - 1.90
52wk Range: 0.95 - 2.23
Volume: 10,285,243
Avg Vol (3m): 6,568,650
Market Cap: 890.67M
P/E (ttm): N/A
EPS (ttm): -1.36
Div Yield (ttm): N/A (N/A)

   

Monster Volume..

Already doubled since Cramer said to stay away.
Don't follow the analysts too much, wouldn't you say!

This stocks might be back on the come up and break its 52 week high this week ! ;D

its now Cramer's "stock of the week". go figure.

now there's some volume.....

I think I need at least 1 semiconductor stock, just in case shawFund is right on his semiconductor stocks rally. I feel these stocks overall have a betan higher than 1, this means when the market rises that group rises more, and when it falls it falls more.

Anyway, I want to make this just a technically based play. I see CNXT held well over the recent market declines and even breakout yesterday a triangle formation with volume above average (or it wouldn't have surpassed my filters).

Just one fundamental input:

About 1 month ago Cramer talked about CNXT:

«Shares of Conexant Systems surged Tuesday after Real Money's Jim Cramer named it his stock of the week on CNBC's "Mad Money" television program. Cramer, who cofounded the company that operates this Web site, said the communications chip maker could earn up to 40 cents a share next year, making it a relative bargain at Monday's closing price of $1.63. On Instinet, the shares were recently up almost 15% to $1.87.»

The stock shot up 17% following those comments, but then it came down to fill the opened gap. Recently it is moving up again. I wonder where Cramer got those 40 cents a share in 2006 profits, but if that were to come true CNXT would have a earnings multiple of just 4.82 and would be extremely undervalued. Just the speculation could move this stock up 100% from current levels, to close that gigantic gap at $4.03.

I'll buy 6.66% of the 3 Stocks on Fire Portfolio on CNXT at today's market open.

Bought CNTX @ $1.95 for the 3Stocks Portfolio

Some things I just buy and hold. ::)  Symmetrical Triangle (continuation)
This has been in a trading range with that sideways movement for the past
6 months.Looks like a breakout is wanting to take place.
Have played this stock many times in the past,have always managed to make a profit from it.
Support @ $1.94...1.90...1.82...
Resistance @ $2.07
MACD is bullish
Stochastic is bearish
Recent CandleStick Analysis
Bullish
Oct-19-2005 Bullish Engulfing 


Technicals
Most Actives

Last Price Quote is:
6.40%above 13-day EMA
10.26%above 50-day EMA
RS Rating: 83 

Fundamentals
Earnings Expected on Oct 27

Key Data:
Market Cap (M): $861.61 
P/E Ratio: NA 
PEG Ratio: -0.282927 
Next Earnings: 10/27/2005
Last Analyst Rating: Mkt Perform

The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.
Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts. Even so, we should not anticipate the direction of the breakout, but rather wait for it to happen. Further analysis should be applied to the breakout by looking for gaps, accelerated price movements, and volume for confirmation. Confirmation is especially important for upside breakouts.

Prices sometimes return to the breakout point of apex on a reaction move before resuming in the direction of the breakout. This return can offer a second chance to participate with a better reward to risk ratio. Potential reward price targets found by measurement and parallel trend line extension are only meant to act as rough guidelines. Technical analysis is dynamic and ongoing assessment is required.

I like this pick David and Rams.
I have a thread on this one in the Stock Picking board since July.
Hasn't attracted to much attention,if it did, there were not many replies.
I'm with you all on this one, as well as AVII.

http://www.3stocksonfire.org/trading/index.php?topic=1207.0

Also applaud you guys for your hard work....and this great web site!!!
Thanks a million!!!!

No, I thank you setravis ! You see, it is very late hours here and I couldn't tell if I had enough power to explain the symmetrical triangle pattern. And you come up with this excellent explanation:

QuoteThe symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.
Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts. Even so, we should not anticipate the direction of the breakout, but rather wait for it to happen. Further analysis should be applied to the breakout by looking for gaps, accelerated price movements, and volume for confirmation. Confirmation is especially important for upside breakouts.

Prices sometimes return to the breakout point of apex on a reaction move before resuming in the direction of the breakout. This return can offer a second chance to participate with a better reward to risk ratio. Potential reward price targets found by measurement and parallel trend line extension are only meant to act as rough guidelines. Technical analysis is dynamic and ongoing assessment is required.

(let me applaud you for this)

As you say, earnings are going to be out on October 27th. I don't know if they are going to be good or bad, but I have a quite simple trading plan to follow:

Hold for as long as the stock closes above the ascending trendline, which for tomorrow will be at $1.79.

Semis aren't performing and CNXT went down with the group yesterday. I don't have to think much here, the stock is trading near an important support level, if it breaks that support on close I'll be out with no regrets.

For today the ascending trendline supporting CNXT will be standing at $1.80. If the stock is set to close below this level I'll sell without regrets.

My prediction on semi:

Index will go down further to around 400-420 before end-year rally.

Buy stocks with good earnings and good guidences.

Some buys:

1. AMD: CPU play. Its technology is two years ahead of INTC now and is taking market share from INTC. Target: $30

2. SNDK, LEXR: nand is hot and will continue the trend.

3. SSTI, ATML, STTS: all turnaround story. SSTI: TARGET: $8.00, ATML: target: $3.2. STTS: $9.00.

4. CAND: niche market

...

Avoid DVD chips sector. Market demand not high, waiting for  new products. Avoid ESST, ZRAN.

Thanks for your comments Shawfund !

I sold CNXT at $1.78 yesterday before the close according to plan:

QuoteFor today the ascending trendline supporting CNXT will be standing at $1.80. If the stock is set to close below this level I'll sell without regrets.

Personally, I see an ascending triangle formation that has not broken support yet - the last 2 days have shown that there is solid support in the 1.75 area, and the chart definitely shows the 1.74-1.76 area as a support band.  Upward resistance stands at 1.97, which has been validated 5 times in the last 6 months.  The 2 breaks of this level have pulled back intraday, and I think the fundamental story still stands.

I know it all comes down to where you draw your lines in the sand, but I still think that CNXT is ready to breakout.  I'm just a little uncomfortable with an entry at 1.9, where it is now pushing, as it gives me a risk of about 8%.  But then again, the technical target of the breakout is 2.95, if it makes it there.  Volume does seem pretty good, so I'll wait to see whether it can push through 1.90.  Up 6% today though  ;)

Hy Scottisch trader,

Good to still see somebody here. I'm still holding CNXT. Must say, did give a sell on Friday, expecting it to finally go through the $ 1,97 after, what I perceived as, good financial results. But it did not get there (8% was not enough), and I'm still holding.

I did not sell with David, because it did not break my TL. For tomorrow that stands at $ 1,87, rising 0,05 per day.

I set my sell at $ 1,97, which would give me a just a little above break even incl. costs. I guess you just made me see I'm not sticking to my plan... :-[ Only to sell if it is set to close below the TL... I guess my sell desiscion was triggerd by some big losses on NVAX and BIDU... I know that is not the way to go, but hey I'm only human  ;).

I'll go back to the plan. I'll sell if it is set to close below the trendline which for tomorrow stands at $ 1,87!

Thanks Scottish.
Amarens

Still holding this one.... :D
Management has finally got it turned around. ;)
It is still flirting with the Symmetrical Triangle. ;D
Support @ $1.84...1.80...1.76...1.72...1.69
Resistance @ $1.90...1.94...2.07
MACD is Bullish
Stochastic is neutral......turning to head north
Recent CandleStick Analysis    Very Bullish
Oct-27-2005 Bullish Harami 

Technicals
Close Above the 13-day EMA
Most Actives

Last Price Quote is:
3.15%above 13-day EMA
6.19%above 50-day EMA
RS Rating: 44 

Fundamentals
Analyst Upgrade to Buy

Key Data:
Market Cap (M): $899.48 
P/E Ratio: NA 
PEG Ratio: 7.41463 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

I expect CNXT to go past the $3 mark by year end based on fudamentals and TA. I hope so, because I own a bunch of thi stock.

Amarens,

I'm not sure what trendline is giving you 1.87, I see it as 1.77 on the chart I posted above.  I didn't get the break of 1.90 I wanted as a positive signal, but something funny happened with my limit buy and I bought anyway, at 1.90.  So I'm in for now.  Yesterdays action was just ridiculous, with literally millions of shares changing hands at 1.89-1.90.  It just didn't seem to be able to budge from there.

Perhaps tomorrow will show some stronger direction, and a follow through from the positive earnings.

I agree with ScottishTrader, I was wrong when I sold this one. As I see it breaking out and since I'm bullish the general market (specially the Nasdaq Composite) I want this stock back in the 3 Stocks on Fire Portfolio.

I will buy CNXT today around the open, 6.66% of capital, as usual.

My view on semi group:

I am going to change my view on this group.

I think that the group will test the low of 380 in the next two months before rebounding.

Previously my take is to test 420 before resersing.

After 11% down in October, November will be a flat month, up and downs. December will be down first then rebound - year-end rally.

The view is based on the market reaction last week.  Manysemi  stocks gave good earning reports but down big such as ONNN, LEXR, SSTI, etc,-  not a good sign.

SSTI has lower highs and lower lows during last two months even its fundamentals have improve a lot.

ONNN gave a good report but sold off last Friday.

LEXR returned profitable but sold off after report.

Big players always control the stock price.

Others such as LSI, CY, KLIC, etc are still in down trend.

Quote from: shawFund on October 31, 2005, 07:17:59 AM
My view on semi group:

I am going to change my view on this group.

I think that the group will test the low of 380 in the next two months before rebounding.

shawFund,

The SMH (Semiconductor HOLDRS) supports your view on the group: (The points below also on numbered on the chart).

1. October 3 - False Upside Breakout on a Bearish Evening Doji Star Pattern.

2. October 10 - Gap Down Break below Descending Channel

3. October 24 - Failed re-test of the the Descending Channel

4. October 28 - Closed below the neckline of a H&S Top.

The CNXT chart looks constructively bullish, with the possibility of an upside breakout (above 2.17) out of a year-long Inverse H&S pattern, but it can be tough going to play a bullish-looking stock in a bearish sector.

Weekly Chart.  I would like CNXT's upside prospects alot better if the Semiconductor sector didn't look so bearish (see SMH chart above, posted to shawFund).

Quote from: ScottishTrader on October 30, 2005, 10:31:27 PM
Amarens,

I'm not sure what trendline is giving you 1.87, I see it as 1.77 on the chart I posted above.  I didn't get the break of 1.90 I wanted as a positive signal, but something funny happened with my limit buy and I bought anyway, at 1.90.  So I'm in for now.  Yesterdays action was just ridiculous, with literally millions of shares changing hands at 1.89-1.90.  It just didn't seem to be able to budge from there.

Perhaps tomorrow will show some stronger direction, and a follow through from the positive earnings.

ScottishTrader,

Once again you're right. My chart says the same, somehow I updated it wrong in my spreadsheet  :-[. Anyway even that higher (wrong information) wasn't broken. In my chart it stands at $ 1,80 for today and rises $ 0,02 a day.

And 3SOF is back in it again now too  :D

Amarens

Quote from: Amarens on October 31, 2005, 08:56:49 AM
In my chart it stands at $ 1,80 for today and rises $ 0,02 a day.

Amarens,

I get the same as The Scotsman.  For today, I have the trendline at 1.77051, rising .00641
per day.

Thanks David and Melf Elf,

I just wanted to post this here as I thought it looked a little worrisome:

There was an awful lot of institutional selling going on today, and granted, it only consisted of 10% of trades according to I-watch, there was serious resistance at 1.95-1.96.  I am hoping for a convincing upward push tomorrow to kick start a breakout, I think much more stalling at this level and CNXT will pull back to support.

I smell some upside coming. I'm just trying to be sneaky  ::)


Technicals
Close Above the 13-day EMA
Most Actives

Last Price Quote is:
5.32%above 13-day EMA
8.42%above 50-day EMA
RS Rating: 47 

Fundamentals
Analyst Upgrade to Buy

Key Data:
Market Cap (M): $899.48 
P/E Ratio: NA 
PEG Ratio: 7.41463 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

Conexant Returns to Profitability Ahead of Schedule;...

NEWPORT BEACH, Calif., Oct 27, 2005 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade) today reported fourth quarter and full year financial results for fiscal 2005, which ended Sept. 30, 2005, and announced it achieved core net income profitability one quarter earlier than the target established in December 2004. Revenues for the fourth quarter of fiscal 2005 grew 9 percent sequentially to $214.9 million. Additionally, gross margins improved more than anticipated, and operating expenses came in lower than previously expected.

Conexant presents financial results based on generally accepted accounting principles (GAAP) as well as selected non-GAAP financial measures intended to reflect its core results of operations. The company believes these core financial measures provide investors with additional insight into its underlying operating results. Core financial measures exclude non-cash and other non-core items as fully described in the non-GAAP to GAAP reconciliation in the accompanying financial data.

Fourth fiscal quarter 2005 revenues of $214.9 million increased 9 percent from third fiscal quarter 2005 revenues of $197.5 million, compared to $213.1 million in the fourth fiscal quarter of 2004. Gross margins in the fourth fiscal quarter increased to 40 percent of revenues from 38 percent in the prior quarter.

On a core measures basis, core operating expenses declined by $6 million sequentially, from $86 million in the third fiscal quarter to the company's previously announced target level of $80 million, as a result of accelerated progress on restructuring initiatives. Core operating income in the fourth fiscal quarter was $6.7 million, compared to a core operating loss of $11.2 million in the prior quarter. Core net income for the fourth fiscal quarter of 2005 was $0.3 million, or $0.00 per diluted share, compared to a loss of $17.6 million, or $0.04 per diluted share, in the third fiscal quarter.

On a GAAP measures basis, GAAP operating expenses decreased from $113.7 million in the prior quarter to $99.7 million in the fourth fiscal quarter of 2005, and $135.1 million in the fourth fiscal quarter of 2004. GAAP operating loss decreased from $38.7 million in the previous quarter to $13.1 million in the fourth fiscal quarter of 2005, as compared to an operating loss of $49.6 million in the fourth fiscal quarter of 2004. GAAP net income for the fourth quarter of fiscal 2005 was $50.1 million, or $0.10 per diluted share, compared to a net loss of $32.2 million, or $0.07 per diluted share, in the third quarter of fiscal 2005, and a net loss of $370.5 million, or $0.79 per diluted share, in the fourth quarter of fiscal 2004.

Fiscal 2005 revenues of $722.7 million decreased 20 percent compared to fiscal 2004 revenues of $901.9 million. The GAAP net loss for fiscal 2005 was $176.0 million, or $0.37 per diluted share, compared to a net loss in fiscal 2004 of $544.6 million, or $1.40 per diluted share.

"For Conexant, fiscal 2005 was a year of recovery," said Dwight W. Decker, Conexant chairman and chief executive officer. "We stabilized our business, and we made major progress against key goals. Most importantly, we delivered core net income profitability a quarter ahead of schedule. Achieving this milestone successfully concludes the second phase of our three-phase recovery strategy, which required growing revenues, improving gross margins, reducing operating expenses, and returning to profitability.

"The entire Conexant team did an outstanding job as we delivered fourth fiscal quarter results that exceeded our expectations," Decker said. "Coming into the quarter, we anticipated revenues of $207 million, gross margins of approximately 39 percent, and core operating expenses of approximately $83 million. We grew revenues 9 percent sequentially to $214.9 million, primarily as a result of more stable pricing and increased demand across all of our businesses. We improved gross margins by two points sequentially, from 38 percent of revenues in the prior quarter to 40 percent, due to better-than-expected pricing and benefits from our manufacturing cost-reduction initiatives. Finally, we reduced core operating expenses from $86 million in the previous quarter to $80 million in the fourth fiscal quarter, primarily by completing our cost-reduction initiatives one quarter ahead of schedule.

"From a balance-sheet perspective, our cash, cash equivalents and investments decreased by $5 million sequentially, from $386 million in the prior quarter to $381 million in the September quarter," Decker continued. "This was an improvement over our cash consumption target for the quarter of approximately $10 million. Days sales outstanding improved sequentially from 38 days to 37 days, and internal inventory was further reduced by $8 million, with inventory turns increasing from 4.7 times in the previous quarter to 5.4 times in the fourth fiscal quarter.

"With the second part of our three-phase recovery plan now completed, we are turning our full attention to the third and final phase of our recovery," Decker said. "During this period, we intend to capitalize on the profit leverage in our current business model to deliver accelerated earnings growth. For phase three, we have set as our highest priority target the achievement of double-digit core operating margins before the end of next calendar year. At the conclusion of phase three, we will continue our focus on building shareholder value by developing innovative products for high-growth, converged consumer electronics applications, and achieving our target business model of 45 percent gross margins and 15 percent core operating income."

First Fiscal Quarter 2006 Outlook

"Entering our first fiscal quarter, the end-market demand outlook remains positive for each of our businesses. We expect increasing Broadband Media Processing shipments to contribute most significantly to overall revenue growth as satellite set-top box designs ramp into production," Decker said. "In total, we expect to grow revenues approximately 5 percent sequentially to $225 million. We anticipate that gross margins for the current quarter will be in a range of 40 to 41 percent of revenues, and we expect core operating expenses to increase to a range of $82 to $83 million, primarily as a result of employee performance compensation costs associated with our return to profitability.

"Based on the above metrics, we anticipate that we will increase our core operating income by more than 30 percent sequentially, and we expect to increase our core net income to approximately $0.01 per share, based on approximately 479 million fully diluted shares," Decker concluded.

Note to Editors, Analysts and Investors

Conexant's conference call will take place on Thursday, Oct. 27, 2005, at 5 p.m. Eastern time/2 p.m. Pacific time. To listen to the conference call via telephone, dial 866-650-4882 (in the U.S. and Canada) or 706-679-7338 (from other international locations); security code: Conexant. To listen via the Internet, visit the Investor Relations section of Conexant's Web site at www.conexant.com/ir. Playback of the conference call will be available shortly after the call concludes and will be accessible on Conexant's Web site at www.conexant.com/ir or by calling 800-642-1687 (in the U.S. and Canada) or 706-645-9291 (from other international locations); pass code: 1394478.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(SM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded more than $720 million in revenues in fiscal year 2005. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com.

I don't wanna think too much ...i'll take a position tomorrow  ;)

Here is my worry on semi sector:

The chart is quite similiar to 1997's chart so far.

The first one is this year's chart and the second is 1997 up to October

In both years, there are two up cycles, first May -> June, second July -> August and two month flat at year high (August - September) followed by big decline in October.

What happened to 1997 in Nov and Dec:

You can see it traded flat in November and down to year low in December then rebounded from there to have a bull run until Feb 1998.

On the other hand, the last three days, the chart showed a clear bull reversal.

So what to do. I checked semi stocks and found several stocks with very little down risk and big up potential.

1. AMD
2. ATML
3. STTS
4. SSTI
5. RFMD
6 TXCC

Let us look at some of them:

1. AMD vs INTC:

AMD is near year high and INTC is nea year low.

STTS: $5 is its multi-year low and has very strong support. Its fundamentals are also quite good.

SSTI gave quite good reports for the last two guarters and gave an upside guidence for next quarter. The stock did not go down much in October.

ATML:

it sold part of its assert and reduced its debt last month. It gave quite good report last week.

Its chart showed that it is clearly in uptrend since October. That is, in October, semi index downed 11% but ATML gained 20%.

TXCC: you can check the chart by yourself.

So, what I am going to do:

I already owned all the four stocks and will hold it for one year or until it reached my targets.
I may add TXCC TODAY.

That is my opinion.

During this year, I made a lot of money in semi stoks. In Feb-March, I made money on IMOS, During April to August, ONNN and SSTI.

Hope I will make money again this time.

Do your own DD before you buy.

You guys are wonderful, great analysis !  :D

I don't see the $SOX as bearish as you guys do. The last couple of days showed strong performance from this group:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=7855;image)

You know I'm bullish on the general market (http://www.3stocksonfire.org/trading/index.php?topic=3353.msg29258#msg29258), but specially on the Nasdaq Composite. And the semiconductor sector usually leads the Nasdaq higher.

Anyway, CNXT was up in October, so it shows relative strength to its peers. If the $SOX takes off CNXT probably will be the one to take off the most. If it doesn't probably the stock won't go down much, and it may even rise, like it happened in October.

Cramer talks about $0.40 in earnings per share for fiscal 2006, I don't know why ... that would  mean the stock is a steal at these levels.

I'll continue holding CNXT.

shawFund,

Nice work on the semiconductors.  Applause.

Quote from: David Randolph on November 01, 2005, 06:19:08 AM
I don't see the $SOX as bearish as you guys do. The last couple of days showed strong performance from this group

David,

Yesterday's upside reversal looks better on your SOX chart than it does on the SMH (Semiconductor HOLDRS) chart.

Yesterday's gains weren't sustained in the SMH, and the SMH still closed back below the neckline of the H&S top.  It sure looks like a Bulllish Island Reversal, and it would be a great Bear Trap if it is, however, I'd need to see more confirmation that it really is a bullish reversal since we've had confirmation of Four Bearish Moves, enumerated of the chart below.

Terms:

Bullish Island Reversal: Price gapped down on Thursday, then price gapped up on Monday, leaving Friday's candlestick as an "island," disconnected from the prior (Thursday) and following (Monday) trading days.

Bear Trap:  Price broke below the H&S top on Thursday, which is bearish.  If we just had a Bullish Island Reversal, and the SOX and the SMH move higher from here, market players who got bearish and sold on the break of the H&S top, or who shorted the break of the H&S top got "trapped into being bearish.'"

A move like that also is known as a "false breakdown," or a "fakeout."

nice close + AH. i was getting worried there for a minute.

Everyone here gets an Applaud from me, for hanging in there ! ;)
IMHO, I think this trade will pay off for you,and for me too as well ! ;D

Support @ $1.94...1.90...1.81...1.72
Resistance @ $1.97...2.07

Technicals
Last Price Quote is:
6.14%above 13-day EMA
9.74%above 50-day EMA
RS Rating: 77 

Fundamentals
Key Data:
Market Cap (M): $899.48 
P/E Ratio: NA 
PEG Ratio: 3.1561 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

It's really tryiing to get up there  :o

Come on CNXT, let's see a break of 1.97 tomorrow!

Quote from: Melf Elf on November 01, 2005, 09:22:49 AM
Yesterday's gains weren't sustained in the SMH, and the SMH still closed back below the neckline of the H&S top.  It sure looks like a Bulllish Island Reversal, and it would be a great Bear Trap if it is, however, I'd need to see more confirmation that it really is a bullish reversal since we've had confirmation of Four Bearish Moves, enumerated of the chart below.

We found out yesterday that Monday's rally in the SMH wasn't a bullish island reversal.  At the moment, it isn't looking like a bullish reversal of any kind.  The high on the day was at the broken neckline of the H&S Top, so The Four Bearish Moves still are dominating, and the chart still is bearish.
The SMH would need to close back above the neckline for me to be neutral on it.

Given that bearish price action, CNXT showed good relative strength, rallying three cents while the sector was down.  As shawFund said, some of the semiconductors are doing okay. 

INTC, a leader in this sector and a "market proxy" of sorts for the NASDAQ,  continues to show leadership on the downside.  It failed at key resistance on Monday, and made a new low for the move yesterday.  I'll post that chart separately.

Quote

Quote

On Monday, INTC re-validated (4th Hit) the down trendline off the Abandoned Baby high in July as resistance, then yesterday, went to a new low for the move.

MELf ELF,

Great stuff!!  (applaud) :)


Please keep up with your added analysis. Your teaching me some good stuff.

basanlas

Quote from: basanlas on November 02, 2005, 05:46:35 AM
Please keep up with your added analysis. Your teaching me some good stuff.

basanlas,

Thanks, I learn something every day, like reading shawFund's analysis of the semiconductor stocks that are doing well, and the ones that are not.  The sector is "mixed."

I'm focusing on the SMH because it's "a basket of stocks," and it helps me to assess, overall, who is winning: bulls or bears?  It helps me to assess CNXT's chances for an upside breakout above the neckline of its Inverse H&S pattern. 

In the SMH, the bears clearly are winning, with those well-defined Four Bear Moves, and with the SMH still below the broken neckline of that H&S Top, so that would seem to hurt CNXT's chances for a breakout.

Here's why I say that.  Just as in a bull market, "a rising tide can lift all boats," (like the dogs in the oil sector that had no earnings, but still had a great rally in the late spring because the sector was bullish), stocks like CNXT that have improved earnings, but are in a bearish sector, can go down "in sympathy" with the sector.

If the SMH at least could get back above that neckline and stay there, it would take the pressure of the sector, and CNXT's chances would improve, in my view.

EDIT: Anecdotally, note on the INTC chart that MER rated it a buy ahead of earnings, and that earnings were good.  INTC making a new low for the move yesterday, given those factors, isn't bullish. 

I enjoy reading and absorbing everything, too....keep up the good work all.

Jody

Thanks for the great analysis  :)

The chart on the semiconductor index is bearish, as Melf Elf says. But the market is heavily short at this moment, in fact, shorts are at an all time record. That's a bullish factor, according to Contrary Opinion Theory and Sentiment Analysis (I'll write more about this later).

Anyway, CNXT is bullish in a bearish sector. I agree with Melf Elf when he says the stock has less chances of a bullish breakout being in an overall bearish sector. But it is also true that, showing relative strength, CNXT would probably be one of the stocks that would rise the most if its sector suddenly turns bullish.

I see this trade as a high reward/low risk proposition. I wonder if CNXT will be able to break $2 this week?

Yee-haw! Great pick.

Breakout from the Symmetrical Triangle (continuation)

Quote from: ncham on November 02, 2005, 10:12:08 AM
Yee-haw! Great pick.

and we got our answer to that question this morning - nice breakout above 1.97, now standing at 2.10.  Looks like CNXT is showing its true colours.  Just have to keep an eye out, as it has had failed breaks of 2.00 in the past.  At the moment 2.09-2.10 seems to be holding though ;D

Quote from: Terlisa on October 31, 2005, 11:35:30 PM
I don't wanna think too much ...i'll take a position tomorrow  ;)

applaud setravis...

Quote from: Terlisa on November 02, 2005, 09:37:54 PM

Quote from: Terlisa on October 31, 2005, 11:35:30 PM
I don't wanna think too much ...i'll take a position tomorrow  ;)

applaud setravis...

Applaud back at you...for pulling the trigger!

Nice Move today......Breakout!!!!!!
Support @ $1.84...1.80....1.76
Resistance @ $1.90...1.94...2.07

Recent CandleStick Analysis    Very Bullish
Oct-27-2005 Bullish Harami 
Oct-24-2005 Bearish Engulfing 

Technicals
Most Actives
Percentage Gainer
MACD is Bullish

Last Price Quote is:
15.37%above 13-day EMA
19.86%above 50-day EMA
RS Rating: 85 

Fundamentals
Key Data:
Market Cap (M): $899.48 
P/E Ratio: NA 
PEG Ratio: 2.56098 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

Nice move today.
Great looking Breakout from the Symmetrical Triangle (continuation) Pattern
All my comments can be found here...not going to do a re-write ;D

http://www.3stocksonfire.org/trading/index.php?topic=1207.15

Jim Cramer pumped CNXT on Mad Money tonight, indicating he thought it will go to 2.50 soon.

What a nice day for CNXT.  Good going, David!

The SMH went back above the broken neckline of its H&S top while CNXT had a breakout above what looks like a 15-month Inverse H&S pattern.  Technically, the volume in the right shoulder is too much to qualify, but otherwise, it sure looks like one.   

It's a nice, broad base.  "The bigger the base...the better the breakout."

EDIT: I liked seeing 2.18 get printed.  It took until 3:58PM, two minutes before the close, but that print was a penny above the July 18 high of 2.17, so it was "a higher high." 

The close was 2.16, but that was good enough to be a close above the November 19, 2004 (2.23) -July 18, 2005 (2.17) neclkine/trendline.  That looks good.

Volume was more than double average daily volume on the breakout.  That looks good, too.

Thanks for your comments Melf Elf, CNXT is indeed looking good  :)

It's curious like JDSU, CMGI and ATML, stocks that I was buying near the lows, took me out of them before they actually started to rise in a meaningfull way. The same thing here with CNXT, the stock was already bullish before (my sense told me it was going up, but my reasoning took me out of it) but still it was able to shake me out.

Fortunately I came back to buy it, nevermind it was at an higher price.

The lesson I take out of this is that it is really hard to pick bottoms in stocks. Much better to wait for a new bullish trend to start, like it is happening now with CNXT.

No doubt I will continue holding CNXT.

Hi All,

I see that the MACD indicator is bullish and volume is picking up.  The MA also looks good.  However, RSI is above 70 and the currect price is nearing 52 weeks high.  Does this concerns you?  If not, please state why and how long do you estimated the trend to last?

Please don't take this question the wrong way.  I am not trying to correct anyone.  I am trying to learn why a certain indicator can be ignored or overrided.

Thanks.

Let's rock CNXT... 8)
+6.48%.......Volume @......5,833,891 ;D

Rock on CNXT.... 8)
Comments located here.

http://www.3stocksonfire.org/trading/index.php?topic=1207.15

As various people on the boards have said at various times, oscillators like the RSI are useful indicators to determine reversals, but very often in a bullish trend, a stock's RSI will move above 70 and stay there, otherwise if it pulls back below 70 (often indicating a reversal) the reversal will be small, just a profit taking retracement, before the bullish trend continues.  If you want to use it to guage whether to enter or exit a stock, just be careful, because it could cause youto miss out on most of the gains.

AFter all, the trend is your friend ;D

As for CNXT, we'll just wit and see, but have had 3 solid days now, and I wouldn't be surprised for mor over the next week.  The technical target for the breakout is around 3.00, but there's a huge gap above 2.50, which may just be begging to get filled.  Let's see how it goes...

"oscillators like the RSI are useful indicators to determine reversals, but very often in a bullish trend, a stock's RSI will move above 70 and stay there, otherwise if it pulls back below 70 (often indicating a reversal) the reversal will be small, just a profit taking retracement, before the bullish trend continues." - ST

I have read some of posts here but haven't come up with one in regards to the RSI so I had to ask.  Thanks for your clear explanation ST.  Good luck with your trades.

I am predicting that the short run is over and the market in November will be flat - ups and downs.

Because the last few days have big up, the next few days will see the market going down (I mean semi and nasdaq).

Just exited all my semi positions.

Let us see whether this is right.

Hot stocks: CKCM, EXPE, PCLN, IFIN, SYNA, RHAT, name a few.

you may be right ShawFund -= reading your posts, you often are.

Today's move by CNXT was quite disconcerting, after a very strong start, it gave away all of its gains and moved into the gap in the afternoon, resulting in a not very nice looking doji star - this could signal a short term reversal.  Any thoughts from others on whether to take profits now or hold on?  The breakout suggests it should go much higher.

Another thought - maybe today's action was Cramer's fault - initiating the old pump n dump  >:(

Possible bearish signal?

My total portfolio gained 10% last 3 days and am expecting another 7% gain based on after-hour price of EXPE.

I am glad I bought big on EXPE yesterday. Because PCLN gave a good report and I was expecting EXPE will follow.

SOX and NASDAQ index:

GOOD NEWS!

Chairman of the Board and CEO Director Dwight Decker bought 154,879 shares at $2.16 on 11/02/05

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3763114

http://www.secform4.com/insider/showhistory.php?symbol=cnxt

Hey guys, I have CNXT as I like the risk reward play here. A look to the weekly chart shows CNXT spiked through then closed at $2.23 (so this is the highest close and intraday price in 12 months+).
So I am looking for the gap play to hopefully start to work out (see attached chart CNXT is sitting just below a 1day red and big gap which runs from $2.60 up to $4) I have a stop just above $2 in case of failure and will adjust that upwards if momentum continues.
I see no reason to sell yet, my stop will take care of that anyway.
Good Luck

Thanks for your comments  :)

On October 28th Cramer said:

«Regarding Conexant, Cramer would sell a little and let the rest run»

I never got this thing of «selling a little» when you think it's going up.

Yesterday he said: «Conexant (CNXT:Nasdaq - commentary - research - Cramer's Take): "I say Conexant is going to $2.50."»

I don't think all this has all that much effect on the stock. The man has great exposure (and I like him as an analyst), but I think people are intelligent and won't buy just because he says it's going to $2.5. If he could explain where he found those $0.40 in 2006 earnings per share it would be much more usefull.

More important than this is the fact that the Chairman and CEO of the company, Dwight Decker, bought 154,879 shares on Wednesday, price $2.16.

Quote from: ScottishTrader on November 03, 2005, 08:36:20 PM
you may be right ShawFund -= reading your posts, you often are.

Today's move by CNXT was quite disconcerting, after a very strong start, it gave away all of its gains and moved into the gap in the afternoon, resulting in a not very nice looking doji star - this could signal a short term reversal. Any thoughts from others on whether to take profits now or hold on? The breakout suggests it should go much higher.

Another thought - maybe today's action was Cramer's fault - initiating the old pump n dump >:(

Probably some players felt discouraged when they heard Cramer was pumping CNXT, because they feel the crowd is following the man and they need to bet against the crowd to make money. But I think this is just a very short term effect.

Concerning the candlestick that was left on the chart, I don't find it as bearish, because it was a breakaway gap, therefore it doesn't need to be filled. It may be filled, but the stock may also just open higher today and never look back.

Volume is very strong, the general market is going to new highs, CNXT has relative strength against its peers, I think it would be a crime to take profits here unless you're a super fast trader (don't forget the CEO bought at $2.16, probably it won't go below that level), but I can be wrong.

Good luck to all, I'll keep my shares.

Quote from: ScottishTrader on November 03, 2005, 08:36:20 PM
Today's move by CNXT was quite disconcerting, after a very strong start, it gave away all of its gains and moved into the gap in the afternoon, resulting in a not very nice looking doji star - this could signal a short term reversal.  Any thoughts from others on whether to take profits now or hold on?  The breakout suggests it should go much higher.

Scotsman,

After my experience with shorting the July 21 SNDK upside breakout on an Inverted Hangman  (I covered for a loss two days later on the print above the July 21 high), I'd lean toward giving the breakaway gap a chance, and do something like Aussie Trader suggested:

Quote
I have a stop just above $2 in case of failure and will adjust that upwards if momentum continues. I see no reason to sell yet, my stop will take care of that anyway.

True.

Well, it's sitting at 2.26 in the PM, so I like that for now, it was more my concern of seeing profits slip away as I have on others recently, and wanting to be sharp and catch the short term reversal if it was coming. 

My feeling is also that CNXT has a lot further to run, esp. with that gap sitting up there.  It knows it wants to be filled - go on ;D

Good trading all

Melf Elf,

I hope you reversed your short and bought into SNDK - that chart is just awe inspiring.  We need some more of those ones ;D ;D ;D

Quote from: ScottishTrader on November 04, 2005, 12:41:05 PM
Melf Elf,

I hope you reversed your short and bought into SNDK - that chart is just awe inspiring.  We need some more of those ones ;D ;D ;D

Scotsman,

Great observation, and no, I didn't reverse and go long.   >:(

Normally, I wouldn't even consider shorting a breakaway gap like that, but during the summer, as you well know, we had so many false breakouts,  I decided to take a chance on shorting that Inverted Hangman on July 21 with a tight stop above the day's high. 

That certainly wasn't my best conceived trade, but instead of reversing and going long which would have been a great play, as you suggested, I covered the short and then smacked myself in the head a few times for shorting a breakaway gap, regardless of how many false breakouts we had had during the summer.   That simply wasn't a good percentage play at all.

That shows what a waste of time it is, castigating yourself for making a mistake.  Pay attention, and correct it.  Get long SNDK, ya dummy!

Duh-h-h...let me find that Embarrassed Face on the toolbar...  :-[

Everything is Beautiful..... ;D         "After Hours (RT-ECN): 2.34  0.02 (0.86%)"

Support @ $2.21...2.07...2.01
MACD is Bullish
Stochastic is Bullish

Recent CandleStick Analysis
Very Bearish
Nov-03-2005 Bearish Doji Star 

Technicals
Most Actives

Last Price Quote is:
21.25%above 13-day EMA
27.75%above 50-day EMA
RS Rating: 92 

Fundamentals
Key Data:
Market Cap (M): $899.48 
P/E Ratio: NA 
PEG Ratio: 2.90244 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

Setravis Awsome pick again  :o
I have noticed that you are constant on an good pick roll, so im looking for a little schooling here, what do you do , or what is your process for finding these guys. I do a lot of research but cannot seem to get my swing constant. Any help would be greatly appreciated. tonyg

Quote from: agatto2 on November 05, 2005, 06:52:27 AM
Setravis Awsome pick again :o
I have noticed that you are constant on an good pick roll, so im looking for a little schooling here, what do you do , or what is your process for finding these guys. I do a lot of research but cannot seem to get my swing constant. Any help would be greatly appreciated. tonyg

I look at a large amount of stock charts everyday.A bullish MACD is very important to me.
I think I go to sleep counting candlesticks.  ;D
I also try to follow the list below taken from the pros.

Fundamental Analysis:
( The Books )

Look for a trend from one quarter to the next, going back as far as three years. Also, look at management comments and future expectations to get an estimate of where the company could be going. (Management often make guidance comments in their financial releases).

Cash per share
Earnings per share
Long term debt
Revenues
Revenues per share
Book value
Competitive advantages
Share buy-back plans
News and press releases
Financial ratios
Competition analysis
Market share (current and realistic growth potential)

Technical Analysis:
( The Charts )

Not all  stocks, present technical patterns. It is in some that a pattern appears. Do not 'force' yourself to find one if it is not obviously evident. Also, do not incorporate TA into your research if you do not understand it.

Look for buying opportunities with the TA patterns , as opposed to learning whether or not the stock is a good investment. Rank the shares in order of which you feel is in a good buying opportunity, and make a note of the price or range you think would be best to acquire the shares at.

Try to identify the following TA patterns. If a pattern is not present, or you are unable to identify one, make a note to yourself.

Dip
Collapse
Temporary spike
Permanent spike
Support level
Resistance level
General range
Current trend
Trend reversal
Topping out
Bottoming out
Consolidation
Volume

setravis, nice pick!!!  :D = applaud =

I spent the weekend looking for stocks to diversify the gains from NVAX (I bought SANM on Friday).  jpm also started a MB thread on 3 stocks (SANM, FNSR and CNXT today!)  :D

http://www.3stocksonfire.org/trading/index.php?topic=3476.msg30976#msg30976

Since I am a short-term swing trader, I pulled a "narrow" 4 month chart instead of more "broader"  6 month chart.  Here's my repost:

"If you look at the CNXT chart below, there is some concern there.  10 MA is moving up away from 50 MA with spiking gain activity.  Volume is maintained, but decreased with last two trading days.  Although MACD is in positive territory, RSI is above 70 indicating "overbought" condition.  If you look at mid-July when RSI was above 70, it was followed by a decline in price.  With recent "spiking" gains, it would be reasonable to anticipate some profit taking."

Also, If you look at the 2 year Yahoo chart, CNXT is at $2.32 with 52 week high of $2.34.  If CNXT breaks through the 52 week high and stays above, it would be great!  I believe, often the 52 week breakthrough is accompanied by "nervous" selloff until the breakthrough has been confirmed.

However, when I pulled the BarChart.com "composite indicators" it is "lit up" with all 100% BUYS!!!  :D  :D

I also pulled the MSN stock rating (I am not sure how accurate MSN rating is for this short-term swing trader, but for longs, got a good rating!)

Once again, nice pick!

IMHO, Good trading!

Great post LiveLife, I applaud you for you work ! ;)
Looking at a 2 year chart on CNXT, I also like the fact that this has formed a
Head and Shoulders Bottom (Reversal) Pattern.
Just IMHO I think this stock is on it's way to making new highs.
Support @ $2.21...2.07...2.01...1.97

Recent CandleStick Analysis
Very Bearish
Nov-03-2005 Bearish Doji Star .....But as is always wait for further conformation.

Technicals
Most Actives
MACD is Bullish
Stochastic is Bullish

Last Price Quote is:
15.41%above 13-day EMA
25.31%above 50-day EMA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $1,098.31 
P/E Ratio: NA 
PEG Ratio: 3.01951 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

and Transmeta coments,please

Thanks setravis! 

I may have to do a 3-5 way diversification with SANM, CNXT, FNSR, TMTA, CBMX, and even NVAX for rebound!  Decisions, decisions for Monday  :D

If SANM has a nice gain on market open, I will probably take profit and do a "diversified" buy back...they all look very promising!

jpm, I did the analysis for TMTA here:

http://www.3stocksonfire.org/trading/index.php?topic=3476.new#new

On CNXT my comments can be found here.
Have had a thread on this stock since July 2005.
I hate to have to do a re-write here, go here if it interest you.

http://www.3stocksonfire.org/trading/index.php?topic=1207.msg30986#msg30986

Thanks for putting up your thread on CNXT setravis, more information and analysis is always good  :)

I think, like Melf Elf said, that those candlestick and gap considerations were just plain wrong. The candle on Friday clearly shows this gap is not to be closed over the short term, well, it's a breakaway gap !

This means higher and higher prices are to be expected for CNXT. Also note that the NDX closed at a new 2005 high, which is amazing, given all the negativity there was just about a week ago. Shorts will cry covering their positions at new highs, but what can they do now, fight the market?  >:D

It looks like I was too optimistic at my last update on CNXT. The stock opened higher but couldn't hold on to those gains and fell on profit taking.

Technically the picture continues to b bullish so I see no reason to take profits here. Perhaps that gap between $2.18 and $2.21 will be filled after all, no problem with that.

I see CNXT possibly hitting support today and recovering from those support levels, which stand between $2.16 and $2.21.

But I'll continue holding anyway, this kind of volume on this particular stock and the general market bullishness at this moment tells me CNXT's advance won't stop at $2.40.

The hourly chart says it all - bounce off the new ascending trendline from the original breakout - I think there is little to worry about for now, just healthy profit taking.  CNXT should continue its run, just watch for a break below this trendline.

Quote from: ScottishTrader on November 08, 2005, 11:35:47 AM
The hourly chart says it all - bounce off the new ascending trendline from the original breakout - I think there is little to worry about for now, just healthy profit taking.  CNXT should continue its run, just watch for a break below this trendline.

I generally agree with ScottishTrader's analysis. It was a good thing CNXT held $2.17 on a closing basis and the candlestick left on the chart suggests the short term correction is over. We'll see about that. I'll continue holding.

Sorry guys I think the downtrend occurred when I decided to buy in at $2.34. Ouch! Anyway, going to hold in there.

uc.

Just to show what I meant - the ascending trendline I drew yesterday is still holding, and we may even be forming a small ascending triangle with resistance at 2.18 - the bottom of the gap from the 3rd November.

Hopefully we should see it break above this today  ;)

hi ,
re entered cnxt this afternoon based on my swing trading plan . looked like a nice strong close . this chart shows a safe entry point at the 25% point.  as i am an advocate of the new 3sof fast i will look to get out around the 100% point or higher ( not shown on this chart).
nice swing chart on this .
thanks.
maxi

oops wrong way around on the last chart
sorry
max

Nice reaction to the support zone from CNXT. Also some insider buying at $2.11 (how did the insider got the low of the day???  I wish I knew that much  :D).

Volume wasn't great, but still 6 million shares plus. I think there's nothing to worry about, CNXT is one of the strongest semi plays on the market (in technical analysis terms) and I'll continue holding it.

Let's put the crystal ball in the closet for now. because when the chart is talking, it pays to listen ;)

Fantastic chart Terlisa  :D

I really wasn't paying attention to that inverted head & shoulders pattern, though I think Aussietrader did bring that up too. Thanks  :)

CNXT is just consolidating its recent gains, look at the volume structure, most people that bought on the long white marubozu are still holding for higher prices to come. After some digestion CNXT will make another run to new highs with the general market.

Just keep on holding, don't let profit taking shake you out of this winning position.

Hi fellows, I pulled up the long term chart on CNXT & what i noticed from this point is the descending trendline. As you can see, we already had that 1st & 2nd contact & i think it's possible to make that third contact there, precisely the closing of the GAP.  Because we got that H & S pattern & that gave us more confident for this play...but it looks like it's going to be a slow Dollar here as you can see on my chart... well, let's see what CNXT can give us... As david said market knows better...  ;) :D

Terlisa   ;)

Quote from: Terlisa on November 13, 2005, 03:24:34 AM
Hi fellows, I pulled up the long term chart on CNXT & what i noticed from this point is the descending trendline. As you can see, we already had that 1st & 2nd contact & i think it's possible to make that third contact there, precisely the closing of the GAP.  Because we got that H & S pattern & that gave us more confident for this play...but it looks like it's going to be a slow Dollar here as you can see on my chart... well, let's see what CNXT can give us... As david said market knows better...  ;) :D

Terlisa   ;)

$4 would be fine by me Terlisa  :D

CNXT is holding just above $2.17, consolidating a very fast bullish move it made 1 week ago. After some digestion it looks like we'll make new short term highs above $2.40 and that would lead to one more step to go and fill that enormous gap.

I'll just hold, waiting for that outcome to materialize, this is a bull market, you know.

I still perceive the last couple of weeks as a consolidation period after a big short term gain for CNXT. $2.17 is still holding, volume has picked up a bit but it isn't nearly as high as when the stock was around these levels 5 days ago. This tells me the selling pressure is abating, less people wants to get out at these levels.

So, if I'm right, CNXT will soon make a white marubozu, maybe as soon as today. The perfect behaviour would be a lower open, perhaps at $2.17, and then a rise to a close at the high of the day, on volume above average.

Hi David:

Maybe wrong but once we got below 2.12 I decided to dump my shares at 2.10 and 2.11 - 12000 of them

This was a bad day losing a great deal on TRAD and I bouht more at 11.30 today; I keep RDCM even though its below 2.82 support; sold SMTX and half my VPHM which I bought at 18.09 and 17.31; still have a few more.

The big winner for me almost was ELN,as its done well all week - you might want to take a look. The other big winner was BTUI which I sold two days ago at 15.73 and I bought back after the big dump taody at 15.07/10. Hope timing is right on that

Also bought more HQSM at .47 today.

Be interested in what you will do after the lousy day we have had.

Are you still going to hold TRAD, as that is my largest position outside of ELN?

Thanks

Defenderyou

PS: Holding BMD of course as its my contest stock! Bought boy do we have some real pain in our stock list

I think CNXT will test the support area @ $2.00 before rallying up again ..

Quote from: defenderyou on November 15, 2005, 05:42:11 PM
Hi David:

Maybe wrong but once we got below 2.12 I decided to dump my shares at 2.10 and 2.11 - 12000 of them

This was a bad day losing a great deal on TRAD and I bouht more at 11.30 today; I keep RDCM even though its below 2.82 support; sold SMTX and half my VPHM which I bought at 18.09 and 17.31; still have a few more.

The big winner for me almost was ELN,as its done well all week - you might want to take a look. The other big winner was BTUI which I sold two days ago at 15.73 and I bought back after the big dump taody at 15.07/10. Hope timing is right on that

Also bought more HQSM at .47 today.

Be interested in what you will do after the lousy day we have had.

Are you still going to hold TRAD, as that is my largest position outside of ELN?

Thanks

Defenderyou

PS: Holding BMD of course as its my contest stock! Bought boy do we have some real pain in our stock list

I will hold all my positions at this point. These were corrections to supports in overall bullish trends, I believe. Perhaps I will comment on the rest of your holdings when I have some time. BTUI is at $15?  :o wow, I remember it at $8 not so long ago ... Metastock lost my «previous picks folder», I have to rebuild it by hand  :P

Concerning CNXT, unfortunately I was wrong and it broke $2.17. But I'll keep on holding, as it closed near the 50% Fibonacci retracement level.

Man, what a shake out yesterday was ... I hope I'm right and bull trends resume shortly. If not, at least I know I won't lose money in this bull campaign.

Another observation on this 1 year chart.
W e can see the Head and Shoulders Bottom (reversal) Pattern.
Now Looking at the chart, I see, what I  have put in this big blue circle.
Appears cup with handle formation nearing completion. There may be a slight pullback here as the handle completes on lighter volume. Look for new high on larger volume in the near term

Cup with Handle (continuation) Pattern.
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.

As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.

As with most chart patterns, it is more important to capture the essence of the pattern than the particulars. The cup is a bowl-shaped consolidation and the handle is a short pullback followed by a breakout with expanding volume. A cup retracement of 62% may not fit the pattern requirements, but a particular stock's pattern may still capture the essence of the Cup with Handle.

Support @ $2.13...2.07...1.96...1.90
Resistance @ $2.34...2.41
MACD is Bullish
Stochastic is neutral

Technicals
Most Actives

Last Price Quote is:
1.36%above 13-day EMA
12.33%above 50-day EMA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $1,060.44 
P/E Ratio: NA 
PEG Ratio: 2.70732 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

Setravis, (applaud my man)  :D...
If you look at the weekly chart for CNXT, you can tell this baby will trade in range for a while before rallying up & close that big gap there.. i think CNXT is a bullish stock, so i'm just gonna hold my shares & be patience for now ;) (time will tell)

Trading Plan for CNXT: Take profits at the closing of the gap around $4.03. As a safety net I will sell if the stock is set to close below the ascending trendline on the chart below. For today's session that trendline stands at $1.86.

I'm glad CNXT is coming back up after the 50% Fibonacci correction it made. The ascending trend will probably resume now. The trading plan continues to be:

QuoteTake profits at the closing of the gap around $4.03. As a safety net I will sell if the stock is set to close below the ascending trendline on the chart below. For today's session that trendline stands at $1.86.

On its way to 2.65 & starts filing the gap... ;) goodluck next week

There was strong buying in the semiconductor sector, and of course, CNXT was no exception. Volume picked up to almost 10 million shares, the stock closed at the highs of the day and is now very close to the recent high of $2.40.

My plan is very simple and there's no reason to change it:

Quote
Take profits at the closing of the gap around $4.03. As a safety net I will sell if the stock is set to close below the ascending trendline on the chart below. For today's session that trendline stands at $1.87.

CNXT may face a little resistance at this $2.40 level. I hope not, and I wouldn't bet on it since the bulls are in control of the stock, but it may happen.

I see the stock trading within the ascending triangle below and then breaking it on the upside. Again, I would rather see CNXT break the ascending pattern right now, but I will be comfortable with some profit taking as well.

I'm changing my trading plan a bit, because I don't want to risk a loss on this 24% plus profitable trade at this moment. So I'll use a second trendline for hold/sell decisions.

Considering this, the trading plan for CNXT is:

1) Take profits at $4.03 OR;
2) Take profits IF the stock is set to close below $2.16.

Rock on CNXT....Rock on !  8)

Yeah.... Rock on!! that's what i'm talking about...  ;) 

Outstanding work on your charts Terlisa ! = Applaud
And a quote from you,"Buckle up we may hit $2.40 next week"!!!! ;D

QuoteCNXT may face a little resistance at this $2.40 level. I hope not, and I wouldn't bet on it since the bulls are in control of the stock, but it may happen.

I see the stock trading within the ascending triangle below and then breaking it on the upside. Again, I would rather see CNXT break the ascending pattern right now, but I will be comfortable with some profit taking as well.

Yesterday was a great day for CNXT. It broke the $2.40 resistance level on the upside, and now it can start thinking about filling that gigantic gap opened between $2.65 and $4.03.

The plan is as follows:

1) Take profits at $4.03 OR;
2) Take profits IF the stock is set to close below $2.19.

Quote from: David Randolph on November 23, 2005, 06:02:25 AM
Yesterday was a great day for CNXT. It broke the $2.40 resistance level on the upside, and now it can start thinking about filling that gigantic gap opened between $2.65 and $4.03.

David,

Yes, I liked seeing that close above 2.40, and seeing more volume coming in yesterday.

The Inverse H&S Target of 3.39 still is IN PLAY.

Hi David:

I have not posted in a few days. Here is my update.  I traded BTUI several times and finally sold that last long for a profit at 15.60 this am.

On TRAD I sold at 12.30 after the run back up from low 11s, and then re-entered at 11.81; I also picked up more shares at 12.50 yesterday. There is some short-term weakness, but I am holding as I expect a re-test of the 13.22 high next week.

On AOB, I bought at the bottom at 5.30 two days ago (or was it three) and sold today for a profit at 6.33. It looks like if it can get thru teh recent high in the 6.45 area that it may retest the old highs in the 7s, but I am not waiting around.

I sold 10k out of 15k RDCM at 3.01 the other day, but bought again this am at 2.80 not realising that you were selling. Unfortunately I also sold by CNXT the other day at 2.10 (mistake).

I sold my contest pick at 7.60 the other day (BMD) (was in third place last night) but there has been a sell-off the last two days and I have bought all the shares back at prices from 7.07 to 7.25 today and yesterday. I hope I am not too early. I think the weakness is a general weakness in energy related stocks today after the strong receovery we have seen. BUT BMD is s unique company and I think it will move towards $10 in the next few months

I bought KLIC on th recent correction at 8.42 and plan to hold for awhile.

Made a mistake re-entering HOM partially at 6.70 - did not see the private placement coming, but bought more this am at 5.91-5.96. This is a great stock and I expect it will recover to above 6 pretty soon.

Finally, my largest holding is ELN, having bought a lot more at 10.20 and 10.70;half the shares I have owend for awhiel having bought inthe 5 to 6 area.

Oh yes, my do of the portfolio is ARQL, which cant seem to get above $7. I think of selling everyday but I expect news that will take it to $9 in the next month.

Thanks David

Have a nice Turkey!!

Defenderyou

Best performer in semi group during this run: ATML, one of DAVID choice but exited too early.

Quote from: shawFund on November 23, 2005, 01:36:18 PM
Best performer in semi group during this run: ATML, one of DAVID choice but exited too early.

I would say, "You better look at the chart on ANAD", for a better performer.... ;D
Awesome....... ;)

A Thread on this pick ,located here...Stock Picking Board
http://www.3stocksonfire.org/trading/index.php?topic=629.0

Price Channel (Bullish)

Thanks for your update defenderyou, nice moves  :)

Yes shawFund, I should have given more room to ATML. ANAD is really incredible setravis, I had it on my filter everyday, will take another look at it today.

Considering CNXT, the stock opened with a pretty high gap up and people took profits. Even the CEO took profits, he sold some shares at $2.43 (the ones he bought a few days ago at $2.11). He looks like one of us, traders. But he still has most of his position, although it is a small one, just about 410,000 shares (I wouldn't mind having that, though  ;D)

I don't know guys, maybe the stock will pullback now, the candlestick was really ugly (this often happens when a lot of people buy at the open, then who's left to buy?)

I wonder if I should take profits or continue with the trading plan ... this CEO thing was already known on Wednesday, yet people bought at a gap up. This is a tough call. I may lose my position if I take profits, but also I'm not so bullish on the general market as I was before.

Well, I'll take those profits and will be positioned to buy back at the short term ascending trendline.

So, sell CNXT at today's open and try to buyback at $2.22.

David, hope things are going well, nice run you've had over the past month, congrat's!.  I just wanted to ask where you get your insider trading info from. Looking at my source, it must be missing all the current trades. Also if I could ask, any current opinion on smtx. It would be greatly appreciated. Have a great day all.

uc.

Quote from: usedcasting on November 25, 2005, 08:23:13 AM
David, hope things are going well, nice run you've had over the past month, congrat's!. I just wanted to ask where you get your insider trading info from. Looking at my source, it must be missing all the current trades. Also if I could ask, any current opinion on smtx. It would be greatly appreciated. Have a great day all.

uc.

Thanks usedcasting  :) I get my insider trading info from the SEC filings. I get the SEC filings from www.alphatrade.com (it's a paid service, but you can also get the SEC filings at www.sec.gov).

SMTX? Unfortunately I don't have time now, but I'll take a look at it over the weekend (or at today's night) and post it on the Members Board.

Good luck !

Thanks Setravis...r u still holding this one?  David just sold CNXT, as he promise he'll be back @ support level... but for me i won't touch the trigger as long as the stock is bullish.
what to do?... sit tight on it just like a chicken with her eggs ;)

I just have a feeling that this one is getting ready.  ;)
Now we just have to wait for some positive news and, I Think Boom !  :o
IMHO, I believe good news will help it fill the gap up to $4.00 or more.  ;D

Forgot to answer the question..... "Yes, I'm still holding!!" :D

;)
By the way, the institutions will be all over this puppy when we do fill that gap and are heading for a fiver. Many of them cannot sniff a share until we reach 5 bucks because their charters restrict them.

Quote from: setravis on November 28, 2005, 02:28:20 AM
I just have a feeling that this one is getting ready.  ;)
Now we just have to wait for some positive news and, I Think Boom !  :o
IMHO, I believe good news will help it fill the gap up to $4.00 or more.  ;D

Maybe this?!

http://biz.yahoo.com/bw/051128/20051128005158.html?.v=1

Conexant Solutions Selected by LG Electronics for World's First DVB-S2 Set-Top Box
Monday November 28, 8:00 am ET 
New HDTV Receiver Deployed by Major North America Digital TV Provider


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Nov. 28, 2005--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that LG Electronics, a global player in electronics products for the digital era, has incorporated the company's CX24126 satellite set-top box (STB) DVB-S2 demodulator and CX24118 advanced modulation 8PSK tuner in their new high-definition television (HDTV) receiver. LG's model H20 is the world's first set-top box based on DVB-S2, the industry's newest digital video broadcast standard. DVB-S2 leverages key developments in channel coding and modulation to provide up to a 35 percent capacity increase over the previous DVB-S standard. The H20 STB is currently being deployed by DIRECTV in the United States.

"We are pleased that our 'world's first' DVB-S2 chip has enabled LG Electronics to achieve a similar industry milestone with their new H20 set-top box," said Jeff Crosby, vice president and general manager of Conexant's Broadband Media Processing business. "Chips based on advanced modulation, coding and compression technologies are critical to completing the transition to new digital television services. This is a key area of focus for Conexant, and we will continue to develop innovative, cost-effective chips for this growing market segment."

"Conexant is the leader in front-end set-top box silicon solutions and is the only chip manufacturer to offer a fully proven and extensively tested DVB-S2 demodulator," said Dr. Choon Lee, director of DTV Lab for LG Electronics. "The early availability of their standards-compliant solution allowed us to be the first in the world to bring an advanced high-definition-based set-top box to market."

Conexant's CX24126 demodulator and forward error correction (FEC) decoder enables operators to offer additional content and services including HDTV channels and interactive services using existing bandwidth and infrastructure. The highly integrated CX24118 direct down conversion satellite tuner was designed to meet the stringent performance parameters required for advanced modulation 8PSK and DBS-S2 applications. Together, these two devices provide manufacturers with a complete front-end system solution that optimizes system performance.

Conexant offers a comprehensive suite of digital STB components and system solutions for worldwide satellite, terrestrial and cable entertainment broadcasting networks. The company's product offering includes silicon tuners, satellite demodulators, MPEG audio and video decoders, and dial-up modems for back-channel applications. Reference designs that help manufacturers reduce cost and speed time to market are also available, bundled with a range of operating systems, middleware, drivers and development tools.

Big Movers in the Stock Market
Monday November 28, 12:50 pm ET


NEW YORK (AP) -- Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.
NYSE

First Data Corp., up $2.19 at $43.83

The parent of Western Union said Chairman and Chief Executive Charles T. Fote will retire this year.

ADVERTISEMENT


Medical Staffing Network Holdings Inc., up 67 cents at $5.47

Suntrust Robinson Humphrey upgraded the healthcare staffing firm to "buy" at because of low expectations and revenue potential from a major government contract.

Thor Industries Inc., up $2.21 at $37.90

The maker of motor homes and recreational vehicles posted a 24 percent jump in first-quarter profit and beat Wall Street estimates.

NASDAQ

Delcath Systems Inc., down 35 cents at $3.20

The medical technology company said it sold 753,000 common shares and warrants to buy 188,000 shares for $2.5 million.

Ceragon Networks Ltd., down 51 cents at $3.46

The network equipment maker said it could log up to $7.5 million in costs from phasing out its FibeAir 1500 line of products.

Conexant Systems Inc., up 15 cents at $2.51

The chip maker said its broadband technology is being used in LG Eletronics' newest television set-top box.

Personally I thought it was a real shame David sold CNXT, without a clear break of the ascending trend, though I understand the desire to protect a 30% gain.  However, I am still sure it will break into that huge gap, and that is when the real profits will start coming in.

The last few days action has been very encouraging, constantly pushing against strong resistance at 2.55, and a break of this would surely mean a move into the gap... well, right now CNXT is sitting at 2.59AH, and looks set to gap over this resistance level.  As ShawFund noted elsewhere, December is the time to be in the Semi's, and the Semi index was up substantially today, so I would expect a gap up and run tomorrow on CNXT, hopefully into the BIG gap upstairs.  Will see tomorrow.

Edit:  After having just posted this, I looked at the price - CNXT is at 2.65 right now!!!  Tomorrow could be VERY good ;D

Still looking strong.  :o
Volume back up today. Over 1 Million shares traded in the afterhours
After Hours (RT-ECN): @ $2.67 Up 0.14 (+5.53%)

Volume: 18,532,043................ ;D
Avg Vol (3m): 10,820,700


Support @ $2.34...2.29...2.25
Resistance @ $2.53...2.61
MACD is Bullish
Stochastic is Bullish

Technicals
Most Actives

Last Price Quote is:
7.84%above 13-day EMA
21.36%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,117.25 
P/E Ratio: NA 
PEG Ratio: 1.43333 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

My take on CNXT....

The 20 day MA serves as momentum support but the longer term channel shows a possible top in the 2.70's

cal

;D
CNXT made new highs on nice volume today.
Volume: 24,940,813
Avg Volume (3m): 10,820,700
Looking to break out to new highs as the company returns to profitability ahead of schedule. Earnings estimated to more than double next year as demand for each of its businesses
reamins strong.

Support @ $2.63...2.54...2.34
Resistance @ $3.72...3.94...4.64
MACD is Bullish
Stochastic is Bullish

Technicals
Record Price High
Most Actives
Gap Up

Last Price Quote is:
12.97%above 13-day EMA
27.49%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $1,117.25 
P/E Ratio: NA 
PEG Ratio: 1.46667 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

Very nice breakout and follow through of this charted ,
Ascending Triangle (Continuation) Pattern.

I still holding this baby.  ;D
Comments located here.No need for a rewrite.No time to do so. :D
This place keeps me to busy as is, trying to read everything. ;D

http://www.3stocksonfire.org/trading/index.php?topic=1207.45

Yes with SOX breaking out last week it looks like we will see the gap near $4 fill as shown on chart from Terlisa

The market in general has 4 year cycle highs and they  usually happen in the first quarter so sometime from Jan - March we likely to see a high.

Well CNXT filled the open gap this morning and bounced off 2.55 nicely, was also where I saw the trendline come in today (though others may disagree slightly with this line).  Hopefully this was all the retracement CNXT needed.  However, has been selling off this afternoon, it seems that breaking firmly into the big gap is proving quite difficult.  Perhaps that is to be expected though.

I still want to hold CNXT long term, but do not want to lose my profits, so I consider a close below 2.55 support as a bearish move that may indicate the start of a bigger retracement.

Recent news, e.g.,
http://biz.yahoo.com/bw/051207/20051207005188.html?.v=1 today
http://biz.yahoo.com/bw/051206/20051206005127.html?.v=1 yesterday
and http://biz.yahoo.com/bw/051205/20051205005233.html?.v=1 on Monday

is very positive, and I am surprised that the pps has not reacted more positively to it - however, today's strong close at the HOD may provide support to push towards new highs in the coming days, we'll see.

For now, here's the chart as I see it:

Conexant could be a buy again tomorrow - consolidation is complete, star today, reversing off the trendline, I like it ;D

Also check the stochRSI(9) on this chart - seems like it is a pretty good indicator for reversals.  A couple of false sells when CNXT was overbought recently, but other than that, nails em pretty good.  have checked a few other charts and it appears to work for short term swings.  i may add it to my arsenal.

Anyway, no posts on CNXT in a few days, and no action either - I think that is all about to change, and expect to see another attempt at the gap shortly ;)

I got out yesterday at $ 2,51. It broke the TL the day before but I was not around and my bank does not allow me to put in stop loss. I'm happy I continued holding and got a nice profit.

Good luck to those still holding  :)
Amarens

Quote from: David Randolph on November 25, 2005, 07:33:57 AM
Thanks for your update defenderyou, nice moves  :)

Yes shawFund, I should have given more room to ATML. ANAD is really incredible setravis, I had it on my filter everyday, will take another look at it today.

Considering CNXT, the stock opened with a pretty high gap up and people took profits. Even the CEO took profits, he sold some shares at $2.43 (the ones he bought a few days ago at $2.11). He looks like one of us, traders. But he still has most of his position, although it is a small one, just about 410,000 shares (I wouldn't mind having that, though  ;D)

I don't know guys, maybe the stock will pullback now, the candlestick was really ugly (this often happens when a lot of people buy at the open, then who's left to buy?)

I wonder if I should take profits or continue with the trading plan ... this CEO thing was already known on Wednesday, yet people bought at a gap up. This is a tough call. I may lose my position if I take profits, but also I'm not so bullish on the general market as I was before.

Well, I'll take those profits and will be positioned to buy back at the short term ascending trendline.

So, sell CNXT at today's open and try to buyback at $2.22.

Lucky i took my profit @ 2.60ish, Now i'll wait for David's comeback as he promised ;) :D ;D

yea, I took mine around 2.60 as well last week.  Personally thought it would maintain the trading range and make another attempt at the gap, but I was feeling a little nervous about the action and decided to sell and buy back higher once it had made a confirmed breakout.  Now I'm glad I did!  I agree though, I think this retracement will only be temporary and I may look to get back in again.  David's previous target of 2.22 might be a good position.  Lets see how it plays out.  Glad you guys gott out with some nice profits too - CNNXT really did make a good (if not slow) run - man I've never seen a stock labour over every penny so much!!

David, you still watching CNXT?  support almost hit :)

Quote from: Terlisa on December 27, 2005, 06:34:56 PM
David, you still watching CNXT?  support almost hit :)

Terlisa,

Short-term, the Bearish Island Reversal and yesterday's close below the neckline (2.31) of a "Mini" H&S Top concern me.  Today's high so far is 2.30, just below the broken neckline.

Hi David, just wondering if any comments for cnxt at $2.21.

Thanks

Have a great New Year All!

uc.

Quote from: Melf Elf on December 28, 2005, 12:20:13 PM
Short-term, the Bearish Island Reversal and yesterday's close below the neckline (2.31) of a "Mini" H&S Top concern me.  Today's high so far is 2.30, just below the broken neckline.

uc,

The high on Wednesday ended up being 2.31.  Yesterday's high was 2.30.

Yesterday's 2.21 low and close of 2.22 didn't have much chance to hold, technically speaking, given that we just finish the "Mini" H&S top ten cents above that price level, and CNXT found resistance there the past two days.  "Former support should act as resistance."  It did.

Today's low is 2.13, just about smack on the trendline breakout of the BIG Inverse H&S breakout.  That's got a chance to hold, especially if we put in a Bullish Hammer today off that trendline at 2.13, and close up near yesterday's 2.21-2.22 low/close.

The "Mini" H&S Top, however, put 1.90 IN PLAY when 2.31 broke.   >:(

Math:

Head was 2.72.
Neckline was 2.31.

2.72 - 2.31 = 0.41 points

Broken neckline at 2.31 - 0.41 points = Target: 1.90 IN PLAY

Since we had a bulllish breakout out of a BIG Ascending Triangle on November 3, that downside target of 1.90 might not get made.  Bearish targets are less likely to get made when the trend is bullish.  CNXT is bullish, and the Ascending Triangle target of  3.39 still is IN PLAY as long as CNXT closes above the breakout, currently at 2.13.

If CNXT closes below that breakout, the breakout is suspect.  It could be a false breakout, and the upside target of 3.39 goes ON HOLD until we see if CNXT can get back above the breakout.

CNXT currently is BID 2.20...ASK 2.21, so it has bounced off the 2.13 trendline breakout, and the Bullish Hammer possibility (or better) looks good.  So far.

Good luck if you decide to play it!

EDIT: On the chart, the text below the horizontal green line should read "Top of Inverse H&S breakout," not "Top of Triangle."  Sorry.

Last news release.......19 December


Press Release Source: Conexant Systems, Inc.


Conexant Expands Low-Power Wi-Fi Portfolio with New Platform for Embedded Applications
Monday December 19, 8:00 am ET 
High-performance Platform Includes Innovative Self-hosted Client Technology


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Dec. 19, 2005--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today extended its low-power wireless networking product portfolio with the launch of a new platform based on the company's power-efficient 802.11 a/b/g chip and new self-hosted client technology. The platform is targeted at low-power and high-performance devices with embedded wireless networking functionality including cellular phones, digital cameras, MP3 players, printers, handheld point-of-sale (POS) terminals, personal digital assistants (PDAs), and set-top boxes.


These power-sensitive consumer electronics products generally require low-power semiconductor solutions such as Conexant's in order to maximize battery life. They also need additional processing power to support Wi-Fi functionality, which results in the need for manufacturers to re-design their products with a higher performance, more expensive central processing unit (CPU). Conexant solved this issue by providing the necessary computing power using the company's unique self-hosted client technology. This allows manufacturers to easily add Wi-Fi into current products, while considerably reducing product development costs, and hastening time-to-market.

"We focused on maximizing flexibility and optimizing processing power to provide a robust and cost-effective solution that allows embedded Wi-Fi developers to meet stringent power parameters, while minimizing design-cycle times and associated costs," said Chee Kwan, vice president and general manager of Conexant's Wireless Networking business. "As a result, manufacturers can now economically add Wi-Fi functionality to mass market products. In turn, they can provide their customers with products that include the convenience of wireless networking, without a commensurate increase in price."

A key feature of Conexant's new embedded platform is the company's unique self-hosted client technology, which provides a path to zero-host loading for wireless functionality. This capability eliminates the need for manufacturers to re-engineer products with a more powerful CPU, which is a costly and time consuming effort. A fully programmable medium access controller (MAC) software architecture further maximizes design flexibility. In addition, the platform is compatible with popular host processors, operating systems and interfaces including universal serial bus (USB) 2.0, secure digital input/output (SDIO), serial peripheral interface (SPI), compact flash (CF) and peripheral component interconnect (PCI).

The platform also includes support for Internet protocol endpoint termination on all interfaces. A complete security implementation at the network card enables no-host loading and a faster path for customers to incorporate wireless functionality into embedded systems.

The company's low-power Wi-Fi chip is also a part of the new embedded platform. This solution includes Conexant's PowerSave technology, which provides an intelligent power control capability, an industry-leading low power standby mode, and reduces peak and overall power consumption for extended battery life.

Conexant is a pioneer in wireless networking and offers an extensive suite of solutions including IEEE 802.11a/b/g and dual-band (2.4 and 5 GHz) chipsets, firmware, software, drivers and reference designs. These wireless networking solutions are used by the world's leading telecom, networking and computer companies in a wide range of products including access points/routers, client cards, desktops, notebooks, PDAs, digital cameras, MP3 players and other handheld networking appliances. They are available as standalone solutions or offered in conjunction with Conexant's DSL and cable modem semiconductor system solutions, voice over IP (VoIP) chipsets and home network processors.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(TM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded more than $720 million in revenues in fiscal year 2005. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Our future GAAP-based results will be affected by the implementation of new accounting rules related to the expensing of stock options commencing in fiscal 2006. Other risks and uncertainties include, but are not limited to: general economic and political conditions and conditions in the markets we address; the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company's ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

Timing looks right....
Has been basing,holding support all last week.
Ready to move up IMHO, as any remaining selling pressure dries up.
Stochastic is in the way oversold area,turned north coming out.
Support @ $2.13...2.08...1.97
Resistance @ $2.28...2.34...2.46...2.50...2.54...2.70

Technicals
Most Actives

Last Price Quote is:
-3.74%below 13-day EMA
-1.00%below 50-day EMA
RS Rating: 90 

Fundamentals
Key Data:
Market Cap (M): $1,071.88 
P/E Ratio: NA 
PEG Ratio: 1.67556 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

CNXT bounced from main trendline... i think it's time for re-entry ;)

This baby is ready to make another go at it.

Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Most Actives

Last Price Quote is:
4.54%above 13-day EMA
7.60%above 50-day EMA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $1,071.88 
P/E Ratio: NA 
PEG Ratio: 1.74667 
Next Earnings: 01/25/2006
Last Analyst Rating: Buy

Press Release Source: Conexant Systems, Inc.


Conexant Introduces World's Smallest PCI Express Broadcast Decoder for PC-Based Multimedia Applications
Tuesday January 3, 8:00 am ET 
Company Sets New Record with Broadcast Decoder and Encoder Shipments Exceeding 50 Million


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 3, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today introduced the industry's smallest-form-factor, PCI Express(TM) 1.0a-compliant and 1.1-ready audio/video (A/V) broadcast decoder. The CX23885 is targeted at multimedia applications such as watching television or listening to the radio on a personal computer (PC). PCI Express is a serial bus technology that enables cost-effective and scalable video capture on PCs and other consumer electronics devices. The company also announced that it set a new industry milestone, with cumulative shipments of broadcast decoders and encoders exceeding 50 million units.


The CX23885 is the first in a family of planned devices. The versatile new device captures and decodes both analog and digital television broadcasts, and supports worldwide audio and video standards. In addition, the single-chip solution integrates all of the functions required to perform television and external A/V capture. This flexibility provides manufacturers with economies of scale, allowing them to develop a broad range of products that support both analog and digital broadcasts in standard or high-definition formats.

"New technologies such as PCI Express are required to support higher-quality multimedia applications on consumer electronics devices," said Al Servati, division director of Convergence Video products for Conexant. "Our new A/V decoder provides manufacturers with a single-chip solution that speeds and simplifies the transition to PCI Express, allowing them to bring products to market more quickly and economically."

Conexant's fourth-generation device represents another landmark in the company's video innovation timeline. Additional pioneering developments include creating the PCI video decoder category. The company also introduced the industry's first single-chip MPEG audio/video codec, delivered the world's most widely deployed MPEG audio/video encoder, and launched the first single-chip video encoder and digital video interface (DVI) transmitter.

The high level of audio and video integration in the CX23885 eliminates the need for additional broadcast audio decoding and processing chips, or external sound demodulation chips. This allows developers to reduce bill-of-material (BOM) costs without compromising audio and video quality. The chip is optimized for regional broadcast requirements, and is backward-compatible with the company's CX25843 A/V decoder. Additional planned devices will also be offered in pin-compatible configurations, enabling manufacturers to develop multiple products with a variety of features and price points using a single integrated device.

To enable faster time to market, Conexant offers multiple CX23885 PCI Express and ExpressCard(TM) reference designs. All of the reference designs include schematics, layout files, and evaluation boards with production-ready device drivers.

Availability, Packaging and Pricing

The CX23885 is sampling now with volume production scheduled for the second quarter of 2006. The chip is packaged in a 14mm x 14mm lead-free 128-pin exposed thin quad flat pack (ETQFP), and is priced at $10 each in production quantities.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(TM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded more than $720 million in revenues in fiscal year 2005. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Our future GAAP-based results will be affected by the implementation of new accounting rules related to the expensing of stock options commencing in fiscal 2006. Other risks and uncertainties include, but are not limited to: general economic and political conditions and conditions in the markets we address; the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company's ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.


Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

BOUNCING, BOUNCING.... CNXT up 7%

Active in the pre-market, looks as if CNXT is headed higher at the open.

CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 

Pre-Market (RT-ECN): 2.70  0.12 (+4.65%) Volume @......164,741

Yesterday's closing chart

Quote from: Melf Elf on December 30, 2005, 11:50:17 AM
CNXT is bullish, and the Ascending Triangle target of  3.39 still is IN PLAY as long as CNXT closes above the breakout, currently at 2.13.


CNXT currently is BID 2.20...ASK 2.21, so it has bounced off the 2.13 trendline breakout, and the Bullish Hammer possibility (or better) looks good.  So far.

Terlisa,

Man, would I like to have that one back!   ;D

Rather than let the "possible" H&S Top and the Bearish Island Reversal bother me so much, I should have bought it right there on the upside reversal back to "unchanged" at BID 2.20..ASK 2.21.

THE RE-TEST OF THE FIFTEEN MONTH INVERSE H&S NECKLINE HELD AT 2.13!!! 

Duh-h-h...  ::)

That would have been a nice low-risk entry; let the market stop me out if 2.13 didn't hold.

Lesson learned. 

CNXT has a "gap to crap" today on the Lehman upgrade, but the stock has rallied 26% off that 2.13 bang off the successful neckline re-test.   I like the fact that CNXT has printed above the left shoulder high of 2.55.

Quote from: Terlisa on January 04, 2006, 12:47:31 AM
CNXT bounced from main trendline... i think it's time for re-entry ;)

You've done a nice job, staying on top of this one.  Applause.

EDIT: An analyst on CNBC made positive comments on CNXT just as I posted this.  The stock was at unchanged on the day...it's back up eight cents, near the opening high.

Goodluck Melf Elf!!  ;) :D

LB upgrade yesterday was a mild disappointment - price target was risen from 2.6$ to 3$.

good news are:

- rising volume
- clear trend
- insider options excercised @2.11

thinking about entering.target: 4$ in 3mo perspective.

Quote from: Terlisa on January 06, 2006, 01:37:32 AM
Goodluck Melf Elf!!  ;) :D

Thanks, Terlisa...good luck to you, too!  ;D

After the 26% rally off 2.13, yesterday looks like a "sell the news" short-term double top.

1. "Gap to crap" open on the Lehman upgrade ended at 2.68.

2. Positive analyst comments as I was posting to you rallied the stock to 2.68 again, then the good news got sold off into the close.

The middle of the Double Top is 2.54 (see chart).  If that gets taken out, it puts 2.40 IN PLAY, short-term.

Math:

2.68 - 2.54 = 0.14.........2.54 - 0.14 = 2.40.

A 50% retracement of the rally from 2.13 to 2.68 would be 2.405, which reinforces the 2.40 target if we take out 2.54.  That's a reasonable retracement after the 26% rally.

The print of 2.80 at 9:35AM looks like a bad tick.  I think 2.68 still is the high.  The fact that there wasn't any other trading in the 2.70s and the fact that CNXT isn't participating in today's rally (it's UNCH at 2.60) would seem to support that.  FWIW.

Did not find a page for CNXT - guess we need a running page for break out posts - or not..

Next point for CNXT as shown at 2.72 or maybe a pullback to the 9-day EMA is you like.

ON break out plays you want to see heavy volume for better success and it is god  to sell part on the first nice move.

(http://xs63.xs.to/pics/06021/09cnxt.jpg)

Live chart

http://tinyurl.com/anq7h

Here it is metro, a very active thread on CNXT.
Not because I started it, but because it is loaded with all kinds of info.

setravis

I thought there was one but put CNXT in the search box and it did not come up - the search sometimes does that.

Years ago for a time this one was a favorite of mine before and after the spin off

It is still a favorite of mine.
Have played this one many times in the past.
Always managed to cash in a profit on it.
Sometimes that happens with the search, it brings up everything but what one is looking for.
Good trading to you.

Hi Metro/Setravis,I find in the search if you put the symbol in a second time it drills down and you will get more results.

Hope it helps!

uc.

Press Release Source: Conexant Systems, Inc.


Conexant to Present at the Eighth Annual Needham Growth Conference
Tuesday January 10, 8:00 am ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 10, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that Bruce Thomas, vice president of investor relations, will present at the Eighth Annual Needham Growth Conference on Friday, Jan. 13, 2006, at 9:30 a.m. Eastern time at the New York Palace Hotel in New York. A live webcast and replay of the presentation will be accessible from the Investor Relations section of Conexant's Web site at www.conexant.com/ir.


About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(SM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded more than $720 million in revenues in fiscal year 2005. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Our future GAAP-based results will be affected by the implementation of new accounting rules related to the expensing of stock options commencing in fiscal 2006. Other risks and uncertainties include, but are not limited to: general economic and political conditions and conditions in the markets we address; the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company's ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.


Contact:
Conexant Systems, Inc.
Gwen Carlson (Editorial), 949-483-7363
or
Bruce Thomas (Investor Relations), 949-483-CNXT (2698)

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

Awesome.....  +7.22%
Volume: 14,916,755
Avg Vol (3m): 10,769,000

Technicals
Record Price High
Most Actives
Record Price Break Out
Gap Up
Percentage Gainer

Last Price Quote is:
13.97%above 13-day EMA
20.83%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,228.39 
P/E Ratio: NA 
PEG Ratio: 1.94667 
Next Earnings: 01/25/2006
Last Analyst Rating: Equal-weight

Hi
Jim Cramer recommended it on Mad Money last night with a target of $3.50
Now the stock is up to $2.80

Lalitha

Thread of CNXT is here ... post your comments here ;)

Nice gap up and now we  are in the gap..

(http://xs63.xs.to/pics/06022/cnxt100106.jpg)
Live chart weekly

http://tinyurl.com/excst

Breakout.....
Big volume day!
Volume: 39,356,833
Avg Vol (3m): 10,769,000

Up in the after hours trading also.......
CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 
After Hours (RT-ECN): 3.07  0.24 (8.48%)


Technicals
Record Price High
Most Actives
Record Price Break Out
Gap Up

Last Price Quote is:
15.19%above 13-day EMA
22.12%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,228.39 
P/E Ratio: NA 
PEG Ratio: 1.94667 
Next Earnings: 01/25/2006
Last Analyst Rating: Equal-weight

CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 

Pre-Market (RT-ECN): 3.03  0.20 (+7.07%)

Volume @.......2,197,744

Patience pays off !..... ;) What a follow through.
Want some volume , we got it !  :D
Volume: 111,663,059........ :o
Avg Vol (3m): 11,184,900

Support @ $3.04...2.87...2.69
Resistance....Have to look at a 2 year chart to see long term resistance.
And that 2 year chart Has that Head and Shoulders Bottom (reversal) Pattern.

Technicals
MACD is Bullish
Stochastic is Bullish
Record Price High
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
31.40%above 13-day EMA
41.11%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $1,228.39 
P/E Ratio: NA 
PEG Ratio: 2.02667 
Next Earnings: 01/25/2006
Last Analyst Rating: Equal-weight

A six pack for 2006
Commentary: Six stocks ready to break out

By Jack Rothstein, Wealthcast
   
FAIRFAX, Va. (Wealthcast) -- Cash is king for a short time. That's where I am right now -- for several reasons.

 
One being that I'm up 7% for the year so far and I'm not willing to risk that right now. I would rather sit on that lead for a while. The extension of that lead will take shape during the last three trading days of the month. The last two days of January will be especially interesting.

This year is certainly controlled by the bulls and they certainly have not lost their compass and are in pursuit of higher price points. The action is positive across the board. Energy and gold are hot and have been and will continue to be for a while. If you are not involved in energy and metals then you are missing the boat.

I am involved in nothing right now and I can't begin to tell you how hard that is for me. I have to be involved. It is my nature to be involved -- but I do far better when I take periodic breaks. I am out of the market for 10 days or possibly till February when the battle begins. I will be in Los Angeles while the "January Effect" wears thin. What an effect it has been this year as all the Wall Steet guys come out in all there stuffed shirt glory spouting forgetful words of wisdom.

I will be back on Jan. 24. The plan is to scalp another point or two in the final days of trading this month and come away with a gain of 8.5%.

This year will be a good year. Not a great year. A good year. The market will soften into the third quarter and bottom out sometime in September. Then the explosion will occur and watch the sparks fly.

Sentiment is overly optimistic right now. The tape is powerful and stronger and more constructive then it was in November. It is the best start in years. The tone is set for a good year in stocks. Expect double-digit returns this year.

Now let's get into the instruments that will be employed to get us there. As stated, I am involved in nothing right now. I own none of the stocks that I am writing about. I will get back into the battle for investment survival when I return from my travels -- but you don't have to wait for me. Let's get into a few stocks that I am focused on and ready to get back involved in.

WebMD Health Corp (WBMD)
WBMD38.90, -0.74, -1.9%) is extended. The stock traded under 30 at the end of the year last year and now trades above 38. It is up 31.5% in the first 10 days of the year. I am out of it but for those lucky few that took it on then you are up over 31% in it right now and I suggest taking a few chips off the table and book the gain. I am coming back into it hard after it comes in. It will come in. They all eventually come in and provide the chance to get involved.
So get involved in WBMD on a pullback into the 35 zones. Place the long-term stop under 29.


U.S. Express Enterprises (XPRSA)
XPRSA17.89, +0.10, +0.6%) is up big since October and the advance has plenty of headroom.
It is slightly extended right now and could be had coming into the 16 zone. Place the stop under that.

St. Jude Medical (STJ)
STJ53.53, -0.24, -0.4%) was already up 7.5% this year. It is up over 38% in the last year. It is in a solid advance and is expressing no sign of stalling. In fact it is in a strong phase within its long-term steady advance.
I intend to get back into STJ coming into the 52-53 zones. The group is hot right now and it will stay that way. You know the story and the real story is in the chart. Place the stop at 49.99.

Conextant Sytems (CNXT)
Now I am going to admit that I was wrong having sold my stake in Conextant (CNXT:
conexant systems inc com
CNXT3.26, -0.03, -0.9%) and I must come back to it if it ever comes into a decent range. It is a good stock to get into right now and I blew it frankly. It is going to trade above $3. I hate being wrong. Remember the distinction about picking stocks and trading them. CNXT is a great pick that I managed to screw up by selling it. It is as simple as that. This is a great stock about to break out.
It is a great stock right now and ought to be owned. Don't chase it. If you must, stick in a toe. Find a way to get involved in this sweet advance that is taking shape in CNXT.

Synopsys (SNPS)
SNPS21.40, -0.27, -1.2%) is about ready to challenge the 21.20 zone and a rise above that level provides more favorable odds to extend its current young advance.
It has plenty of headroom and a rise above resistance at 21.20 will take it to higher zones and that is the buy signal, 21.20. Place the stop at 19.89.

Creative Technology (CREAF)
I sold near the top. It is higher right now and ready to explode. I am out of it and the stock is ready to explode. Yes, I am having my head examined. Creative Technology (CREAF:
creative technology ltd ord
CREAF8.49, +0.04, +0.5%) is an instrument that is highly favorable right now and has the ability to get you what you want and that is more. So here it is for you served up on a silver platter, presented with impeccable elegance.
CREAF is in a healthy advance and a rise above 9 sends it well on its way to challenge 10. It is highly probable that that happens. Place the stop at 7.89.


I must confess that when I looked at the indications in CNXT I cursed out loud, very loud, in a loud voice that you could only imagine. And it is all about having the ability to follow a trading discipline that at times is interrupted by the need to deliver performance. The lesson learned is that it is always about the instrument you are involved in and the overall market action matters much less.

Jack Rothstein is an SEC-registered investment advisor who specializes in such growth sectors as technology, drugs, financial services and specialty retail. He also edits the Wealthcast investment letter and hosts two radio shows in the Washington D.C. area. Rothstein currently has no positions in any of the stocks mentioned in this report. (wealthcast.com)

Content found in The Guru's Corner is subject to the terms and conditions found in the Disclaimer and does not represent a recommendation of investment advice. Investors should seek the advice of a qualified investment professional prior to making any investment decisions. (disclaimer)

Press Release Source: Conexant Systems, Inc.


Conexant Sets Date for Q1FY06 Earnings Conference Call
Thursday January 12, 5:20 pm ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 12, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, invites financial analysts, members of the media and the public to participate in a conference call announcing results for the first fiscal quarter of 2006. The conference call will take place on Wednesday, Jan. 25, 2006, at 5 p.m. Eastern time / 2 p.m. Pacific time.


To listen to the conference call via telephone, dial 866-650-4882 (in the U.S. and Canada) or 706-679-7338 (from other international locations); security code: Conexant. To listen via the Internet, visit the Investor Relations section of Conexant's Web site at www.conexant.com/ir. Playback of the conference call will be available shortly after the call concludes and will be accessible on Conexant's Web site at www.conexant.com/ir or by calling 800-642-1687 (in the U.S. and Canada) or 706-645-9291 (from other international locations); pass code: 432896.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Contact:
Conexant Systems, Inc.
Gwen Carlson (Editorial), 949-483-7363
or
Bruce Thomas (Investor Relations), 949-483-2698

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

Anyone else still in CNXT at the moment? 

I'm feeling a little bit concerned about holding over earnings after a few recent earnings burns, but getting some mixed signals on this one.  Technically, CNXXT has been pulling back just a bit, but looks a bit dicey with a bunch of gaps below.  A bad earnings release could send it right down below 3.00, which would not be nice, and it might be worth taking some off the table.  However, fundamentally, the turnaround play and lots of commentary has been very bullish.

Just wanted to see if anyone else has any thoughts on this one today ???

Well looks like I'm the only one in on CNXT for this earnings play. ???

Things are looking quite positive technically for CNXT, yesterday's action was encouraging - after a strong start, CNXT sold off during the day but came back to close at a new HOD.  Bodes well for action today - hopefully we may see a strong break upwards, esp if earnings have been leaked to "those in the know" ???  However, as I stated before, I am quite concerned about this one, and still  not sure what I will do.  Technically, CNXT looks to have been forming a pennant from the breakout of 2.70, and today may give a decisive idea of whether it will follow through from this.  RSI dipped below 70, but pushed above again yesterday.  However, there are some big gaps below, and if CNXT disappoints with earnings after the bell, the sell-off will probably be BIG.  Add to this all of the exuberance on the Yahoo MBs and lots of positive spin elsewhere, and it seems to me to be a dangerous position.  However, a move above 3.45 will send it clearly back into gapping territory, and could easily make 3.75.

Right now I see important support at 3.15, and below that at 3.00.  Weakness today could signal a dangerous sell-off AH.  I haven't made my mind up, but may take some off the table today.

Any other thoughts much appreciated ;)

Well, looks like hanging in there was the right move - CNXT showed positive earnings, beating street estimates of .01/share, and posting .02/share, on above expected revenues. The CC was very upbeat and analysts were quite positive on the company's performance.  Looks like the turnaround is well and truely in place ;D

http://biz.yahoo.com/bw/060125/20060125005896.html?.v=1

CNXT is currently trading around 3.55 pre-market, up 8-9%.  I think that this has convinced me that I'm gonna stay in this one for a while, at least till I see it push $4 and close the big gap - we always knew it was gonna happen.  Just a shame I was away and missed the buy on the retrace, now that would have been a nice trade ;D

CNXT did not fare quite as well as hoped, pulling back and battling with the 3.50 level most of the day, closing around there. And it has sold off quite a bit in the aftermarket.  But the volume was huge today - almost 50,000,000, and their report was very positive. It would not be nice for it to close below 3.40.  However, I expect the continuation of this positive move over the next week at least.

Chart:  ;)

Quote from: ScottishTrader on January 25, 2006, 06:49:53 AM
Well looks like I'm the only one in on CNXT for this earnings play. ???

I still holding ScottishTrader ! Just haven't been on the website the las week to ten days.
Took a little time of..... ;) Rock on CNXT.... 8)

Well I sold out of CNXT on Friday - I only bought back in recently around 3.23, and I didn't like Friday's action at all - I really didn't want to see a profit turn into a loss. :P  Of course, just after I sold it dipped, bottomed and then rallied into the close.  So is currrently sitting up from my sale point.

However, the long read candle after Thursday's spinning top breakout suggests failure to me, as does the morph of the ascending triangle into a rising wedge.  CNXT could rally today and start pushing strong, but I would like to see clear evidence of a sustained breakout above current trading levels before I play it, and I don't mind paying a bit more to get it.

Good luck with it Setravis, If you are still in from the low $2, then it is a much more comfortable position to sit through, and I know you will protect your profits if need be. ;)

Press Release Source: Conexant Systems, Inc.


Conexant Wi-Fi and Modem Technology Enables New LG-Nortel Videophone
Monday January 30, 8:00 am ET 
Major Operators Currently Deploying Videophones in Europe


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 30, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that LG-Nortel Co. Ltd., a key provider of leading-edge communications and networking solutions in the wireline, optical, wireless and enterprise markets, has based their new Wi-Fi videophones on the company's wireless networking 802.11g and V.92 dial-up modem technology. LG-Nortel's LVP videophones allow individuals to make video phone calls using Wi-Fi to connect to a broadband access network, or over the public switched telephone line (PSTN). LG-Nortel's LVP series phones are currently being deployed by major operators in Europe.


"LG-Nortel's videophone illustrates how newer technologies such as Wi-Fi are converging in innovative products for the digital home," said Chee Kwan, vice president and general manager of Conexant's Wireless Networking business. "Demand for devices with embedded wireless networking capabilities is increasing in all geographies. We will leverage our product portfolio and the most advanced standards-based technologies to deliver solutions for this growing market segment."

"Our customers depend on us for high-quality, reliable products that help them retain and attract new subscribers, and Conexant's expertise in wireless and dial-up modem technologies helps us meet their requirements," said KP Choi, leader of the CPE Export team for LG-Nortel. "Equally important, their strong design support and system-level knowledge allows us to launch products more quickly and cost-effectively, which provides us with a competitive edge."

About the LVP Series Videophones

LG-Nortel's LVP series videophones have a small camera attached to the upper part of a 3.5-inch liquid crystal display to capture video of the caller. The video is transmitted using 802.11g Wi-Fi or Bluetooth technology to the Internet over a broadband or dial-up modem connection. The handset/speaker phone also features an alphanumeric keypad that can be used to send e-mail messages, and a Web browser that allows users to surf the Internet. To maximize flexibility and provide a back-up communications channel in case of a power outage, an integrated V.92 modem connection allows users to transmit video phone calls over existing copper phone lines.

Conexant is a pioneer in wireless networking and offers an extensive suite of solutions including IEEE 802.11a/b/g and dual-band (2.4 and 5 GHz) chipsets, firmware, software, drivers and reference designs. The company is also developing 802.11n solutions for high-performance, embedded applications. These Wi-Fi solutions are used by the world's leading telecom, networking and computer companies in a wide range of products including access points/routers, client cards, desktops, notebooks, PDAs, digital cameras, MP3 players and other hand-held networking appliances. They are available as standalone solutions or offered in conjunction with Conexant's, DSL and cable modem semiconductor system solutions, voice over IP (VoIP) chipsets, and home network processors.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, VoIP chips, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

About LG-Nortel

LG-Nortel Co. Ltd (http://www.lg-nortel.com) engages in the development and marketing of video, voice, data and telecommunication infrastructure business worldwide. The company has been supplying its cutting edge telecommunication solutions to the global leading carriers, operators and strategic partners more than 50 countries.

It is strongly focused on three major business sectors to provide total solutions for its customers: Wireless (WCDMA, CDMA, WiMAX), Wireline & Optical and Residential & Enterprise (KTS/PBX & CPE Terminals-Videophone phones, IP terminals and DECT) LG-Nortel offers its products and services through distributors and partners worldwide and also provides infrastructure business directly to the carriers/operators.

LG-Nortel is a joint venture between global giants in communications, LG Electronics Inc. and Nortel Network, founded in November 2005. Company aims to become a global leading communications company by creating greater synergy based on the combined R&D capability and global competitiveness of LG Electronics and Nortel Networks. For more information please visit http://lg-nortel.com.

Conexant Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: general economic and political conditions and conditions in the markets we address; the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company's ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.


Contact:
Conexant Systems, Inc.
Gwen Carlson (Editorial), 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

CNXT back in play? Chart seems to be setting up that way. The hammer close on Friday was bullish.

Quote from: Lucas Scott on February 06, 2006, 02:51:48 AM
The hammer close on Friday was bullish.

Luke,

That hammer does look like the stock wants to rally, but I wouldn't want to see Friday's low of 3.18 get taken out.

1. All 3 bullish targets have MADE.

2. Friday's low was the fourth data point of a possible Bear Flag.

3. Last week, the Kijun-Sen (solid green line), at 3.39, was resistance.

4. Basis the weekly chart, the last 3 candlesticks were:
   a. Doji-Star Hangman
   b. Inverted Hangman
   c. Hangman

EDIT: Corrected Chart Inserted

CNXT rallied to 3.37 yesterday, just below the Tenkan-Sen (bold green line) at 3.39, which was resistance last week. 

The bottom of the Bear Flag comes in today at 3.19.  CNXT is indicated to gap down this morning, on the following news:

U.S. jury rules Conexant unit infringed TI patents
Mon Feb 6, 2006 10:25 PM ET
   
NEW YORK, Feb 6 (Reuters) - Conexant Systems Inc. (CNXT.O: Quote, Profile, Research) on Monday said a federal court jury ruled a Conexant unit wilfully infringed three patents held by Texas Instruments Inc. (TXN.N: Quote, Profile, Research), and awarded TI damages of $112 million.

Conexant said the jury in the U.S. District Court for the District of New Jersey found that GlobespanVirata, a subsidiary of Conexant, infringed patents related to asymmetric digital subscriber line (ADSL) technology.
   

Quote from: Melf Elf on February 07, 2006, 08:39:43 AM
The bottom of the Bear Flag comes in today at 3.19.  CNXT is indicated to gap down this morning, on the following news:

The Bear Flag  target of 2.60 has MADE already, within one penny.  The low so far is 2.61. See chart in last post for the flag.

Math:

High of the Flag: 3.60
Low of the Flag: 3.01

3.60 - 3.01= 0.59 points

The point of the break occurred today on the gap down below the trendline at 3.19.

3.19 - 0.59 = Target 2.60 IN PLAY

I was looking to buy CNXT in a day or so, if the target of 2.60 got MADE.  CNXT is getting a bounce off the 2.61 low, but I decided to leave it alone.  That's too much downside in one day for me.  CNXT #2 on the Percentage Losers list on the NASDAQ, down 22% on a whopping 83 million shares.

:o

CNXT currently is BID 2.67...ASK 2.68

I'm glad I didn't buy!! :o I wonder if Cramer will order his sheeple to do a "mon back"

Quote from: Lucas Scott on February 07, 2006, 05:22:41 PM
I wonder if Cramer will order his sheeple to do a "mon back"

I think Cramer dissed CNXT a week or two ago, if I remember correctly.   ???
 
Given yesterday's haircut, it looks as though we only can give CNXT an ignominious  BOYA  until Cramer issues the "mon back," and restores it to full BOOYAH status.

:D

Might be worth looking for a buy around $2.40???  Man am I glad I sold out for a break-even last week.  Whew :-[

But it did close above key support at 2.68-2.70, will have to see today if this level holds. ???

CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 

Pre-Market (RT-ECN): 2.91  0.21 (+7.78%) Volume @.....200,426

looking real good here...CNXT set to take out $3.30's on Monday and make a push to catch up to JDSU which close at $3.71 on Friday.

I see CNXT (and JDSU for that matter) making a strong push to $5.00 within 1 month from now...the semiconductor industry is very optimistic about demands for chips from the end-customer the rest of this year and demand has actually grown around 7% from last year this time.

chart is looking bullish too, with RSI steadily pushing to the 70 level and MACD just entering positive territory.

good luck!  ;)

Press Release Source: Conexant Systems, Inc.


Conexant Unveils Solution for Satellite PC TV Applications
Thursday March 9, 8:00 am ET 
World's First PCI PC TV Reference Platform to Support Newest DVB-S2 Video Broadcast and Advanced Modulation and Coding Standards


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 9, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced the world's first satellite television receiver card reference platform based on the industry's newest digital video broadcast standard, DVB-S2, for personal computers (PCs). It is targeted at manufacturers developing products that allow subscribers to watch, record and replay satellite broadcast programs on their PC. The new solution is based on two Conexant set-top box (STB) solutions and one PC video device. These include the world's first digital video broadcast DVB-S2 demodulator and forward error correction (FEC) decoder, a third-generation 8PSK satellite tuner, and a PCI audio/video (AV) broadcast decoder. The two STB devices enable the capture and processing of satellite broadcast programming, and the AV decoder converts and transports the video stream so it can be viewed on a PC.


"By combining our advanced set-top box components with our market-leading PC video technology, we provide a complete system solution for PC television applications," said Jeff Crosby, vice president and general manager of Conexant's Broadband Media Processing business. "This integrated reference platform solution allows manufacturers to significantly reduce their product development time and capitalize on early market opportunities in this rapidly growing industry segment."

About the PC TV Receiver Card

Conexant's new PC TV receiver card incorporates two front-end STB devices. The CX24116 DVB-S2 demodulator and FEC decoder leverages key developments in channel coding and modulation to provide up to a 30 percent capacity increase over the previous DVB-S standard. It has been shipping in high-volume quantities for more than a year. The second STB chip is the company's CX24118 direct down-conversion satellite tuner. This device provides the radio frequency performance necessary for the complex 8PSK advanced modulation and coding specifications.

The third device is the CX23883 PCI audio/video broadcast decoder, which enables analog and digital audio/video capture, display, or record and playback at a later time through software or hardware audio/video codecs.

The reference design is backward-compatible with the previous DVB-S and DSS standards. This allows manufacturers to use a single platform to develop products for multiple industry standards, which allows them to maximize their engineering resources and lower overall manufacturing and design costs. Schematics, layout files, and evaluation boards with production-ready device drivers are included with the reference design.

Conexant is a leading provider of STB solutions, offering a comprehensive suite of digital components and system solutions for worldwide satellite, terrestrial and cable entertainment broadcasting networks. Products include silicon tuners, satellite demodulators, MPEG audio and video decoders, and dial-up modems for back-channel applications. Reference designs that help manufacturers reduce cost and speed time-to-market are also available, bundled with a range of operating systems, middleware, drivers and development tools.

The company is also the world's No. 1 supplier of PC video solutions. Conexant's accomplishments include creating the PCI video decoder category, introducing the industry's first single-chip MPEG audio/video codec, delivering the world's most widely deployed MPEG audio/video encoder, and launching the first single-chip video encoder and digital video interface (DVI) transmitter.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.


Headline News Link:
http://finance.yahoo.com/q/h?s=CNXT

Let's see if we can get a breakout.

Technicals
Most Actives

Last Price Quote is:
1.09%above 13-day EMA
6.42%above 50-day EMA
RS Rating: 85 

Fundamentals
Key Data:
Market Cap (M): $1,498.47 
P/E Ratio: NA 
PEG Ratio: 1.86667 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

Which way shall she go?... ;D


Technicals
Close Below the 13-day EMA
Most Actives

Last Price Quote is:
-0.63%below 13-day EMA
4.34%above 50-day EMA
RS Rating: 86 

Fundamentals
Key Data:
Market Cap (M): $1,488.96 
P/E Ratio: NA 
PEG Ratio: 1.89778 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

Press Release Source: Conexant Systems, Inc.


Conexant Expands Fiber Optic Access Semiconductor Portfolio
Wednesday March 29, 8:00 am ET 
Leading-Edge Family of Controllers Enables Next-Generation Triple-Play Services over Passive Optical Networks


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 29, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today expanded its broadband access product portfolio with a new family of system-on-chip (SoC) controllers for passive optical networks (PON). The CX9520X "Xenon II" family of controllers is designed for optical network units (ONUs) on the client-side of fiber-to-the-premises (FTTP), multi-dwelling-unit (MDU) and fiber-to-the-node (FTTN) EPON/GE-PON applications. PON is used by service providers worldwide to provide a high-speed "last mile" connection from the central office (CO) to homes and businesses over a fiber optic cable, and enables the cost-effective delivery of triple-play voice, video and data services.

Support for voice over Internet protocol (VoIP), as well as IP multicasting is included to facilitate real-time IP voice and video applications. Coupled with the company's market-leading Accelity VDSL2 chipset, Xenon II provides service providers with a cost-effective system solution for FTTN and MDU applications. In addition, Xenon II controllers can be used with the company's media processing, wireless LAN and home networking chipsets to deliver quality of service (QoS) on every link of the home network. QoS refers to a network system's ability to sustain a given service at or above its required minimum performance level.

"Fiber networks provide virtually unlimited bandwidth, which makes them ideal for delivering voice, video and data traffic," said Akram Atallah, senior vice president and general manager of Conexant's Broadband Access business unit. "Demand for triple-play services is growing, but a lower price point on the client-side is necessary to drive widespread deployment and consumer adoption. Xenon II meets this need, delivering high-performance and key optical networking features that support the complete delivery of broadband triple-play services to the digital home."

"Network operators worldwide are looking to quickly scale PON installations to facilitate the transition from simple data-only to advanced triple-play voice, video and data services," said Ian Eigenbrod, senior research analyst with IDC. "However, both PON infrastructure and equipment costs remain an obstacle to greater deployments. Highly integrated silicon solutions with advanced QoS features will be key to providing the combination of lower system costs and improved performance needed to accelerate market growth."

Additional features include Conexant's complete protocol stack, which enables the seamless integration of new features, reduces customer development costs, streamlines product development, and reduces time to market.

Conexant is the market leader in broadband access semiconductor solutions, and has shipped more than 150 million DSL ports worldwide. The company's central office and customer premises equipment semiconductor solutions include a full range of standards-based integrated circuits, software and reference designs for asymmetric and symmetric DSL applications including ADSL2plus, SHDSL and VDSL2.

Availability and Pricing

The Xenon II processor family is sampling now, with production quantities scheduled for May 2006. Prices begin at $26.50 for high-volume applications.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363
--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

Got the Breakout ...... ;D

Volume: 21,883,566
Avg Vol (3m): 20,823,600

Technicals
Most Actives

Last Price Quote is:
6.43%above 13-day EMA
12.29%above 50-day EMA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $1,550.80 
P/E Ratio: NA 
PEG Ratio: 2.04444 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

folks...keep an eye on CNXT...It's looking all set to break 52 week high of $3.60 tomorrow (last trde in AH today was $3.58).

I picked this one for the latest edition of the contest...but it fell into a pullback/consolidation zone and is breaking out now.

$4.00 will be very easy to reach IMO....also, JDSU and CNXT have traded on par for a while and now it;s time for CNXT to play catch up with JDSU (which had a red day today, while CNXT saw a green close!)

In fact, looking at 2 yr weekly chart, there was a huge gap down (remained unfilled) back in July 2004. It gapped down from $4.00 to $2.60 in a few days.After we break $3.60 tomorrow, we will easily go to $4.00, but there will be stiff resistance there and we gotta watch out for volume to help break us out and above $4.00

good luck folks...i'm not in right now, but will be looking closely.  :)

Ascending Triangle (continuation) Pattern,  hitting resistance.
Primed for a Breakout.... ;)

Volume: 16,097,531
Avg Vol (3m): 21,334,100

Technicals
Most Actives

Last Price Quote is:
7.82%above 13-day EMA
15.13%above 50-day EMA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $1,674.48 
P/E Ratio: NA 
PEG Ratio: 2.08889 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

Be carefull, it's now in Overbought conditions.

heck no, it's not  :o...what makes you say that anyway?

Quote from: Miguel007 on April 03, 2006, 05:59:20 PM
Be carefull, it's now in Overbought conditions.

I am always careful....I'm not a daytrader...I'm  not a swing trader.
I'm an investor.... ;)
Go back to page 1 of this thread and you will get the picture of how long I have been holding this stock.
vic666 said a mouth full..."it's not overbought"  ;D

Does it look like a reversal might be starting to take place? ???

Breakout.... ;D

BRIEF: For the three months ended 31 December 2005, Conexant Systems, Inc.'s revenues increased 64% to $230.7M. Net loss decreased 80% to $24.3M. Revenues reflect growth in the demand of broadband media business as satellite STB design begins to ramp into production and higher demand in PC market of the universal access business. Lower loss reflects improved gross margin, lower amortization costs, lower special charges and decreased R & D expenses. http://www.conexant.com/

Volume: 23,957,747
Avg Vol (3m): 21,640,100

Technicals
Record Price High
Most Actives

Last Price Quote is:
11.34%above 13-day EMA
20.10%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,674.48 
P/E Ratio: NA 
PEG Ratio: 2.19556 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

Back above the 13-day EMA
Pulled back hard then recovered. MACD still high.
Stochastic oversold in an uptrend.

Volume: 23,580,760
Avg Vol (3m): 19,933,800

Technicals
Close above the 13-day EMA
Most Actives

Last Price Quote is:
4.49%above 13-day EMA
11.71%above 50-day EMA
RS Rating: 73 

Fundamentals
Earnings Expected on Apr 27

Key Data:
Market Cap (M): $1,684.00 
P/E Ratio: NA 
PEG Ratio: 2.415 
Next Earnings: 04/27/2006
Last Analyst Rating: Sector Perform

Bullish Price Channel (continuation) Pattern
Price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a "bullish price channel" will refer to a channel with positive slope and a "bearish price channel" to a channel with negative slope.

In a bullish price channel, some traders look to buy when prices reach main trend line support. Conversely, some traders look to sell (or short) when prices reach main trend line resistance in a bearish price channel. As with most price patterns, other aspects of technical analysis should be used to confirm signals.

Because technical analysis is just as much art as it is science, there is room for flexibility. Even though exact trend line touches are ideal, it is up to each individual to judge the relevance and placement of both the main trend line and the channel line. By that same token, a channel line that is exactly parallel to the main trend line is ideal.

Bullish Price Channel: Subsequent touches along the main trend line offered good buying opportunities

Bounced very nice off the 50-day EMA
Cramer says blowout earnings.

Technicals
Most Actives

Last Price Quote is:
6.62%above 13-day EMA
14.35%above 50-day EMA
RS Rating: 79 

Fundamentals
Earnings Expected on Apr 27..................

Key Data:
Market Cap (M): $1,684.00 
P/E Ratio: NA 
PEG Ratio: 2.605 
Next Earnings: 04/27/2006
Last Analyst Rating: Sector Perform

Watching the chart closely.  I fortunately bought Monday and sold Tuesday before Close for over 10%.

May enter again, but the % 3.70 area is of concern for now. 

Anyone plan on trading into the earnings CC ?  If so, entry target ?

Call Details
Conexant Systems Inc. Earnings Conference Call (Q2 2006)
Scheduled to start Thu, Apr 27, 2006, 5:00 pm Eastern

Watching the chart closely.  I fortunately bought Monday and sold Tuesday before Close for over 10%.

May enter again, but the % 3.70 area is of concern for now. 

Anyone plan on trading into the earnings CC ?  If so, entry target ?

Call Details
Conexant Systems Inc. Earnings Conference Call (Q2 2006)
Scheduled to start Thu, Apr 27, 2006, 5:00 pm Eastern

Call Details
Conexant Systems Inc. Earnings Conference Call (Q2 2006)
Scheduled to start Thu, Apr 27, 2006, 5:00 pm Eastern

Looks like it is forming a double top. what is your strategy for buying here, besides earnings, looks like it could pullback? 

Quote from: shesha on April 21, 2006, 01:22:19 PM
Looks like it is forming a double top. what is your strategy for buying here, besides earnings, looks like it could pullback? 

You are correct, I held off on the re entry when the $ 3.70 area could not break.
Any ideas on a target entry ?

Personnaly I wouldn't touch it unless it stops pulling back and turns up..

Quote from: shesha on April 21, 2006, 01:22:19 PM
Looks like it is forming a double top. what is your strategy for buying here, besides earnings, looks like it could pullback?

Quote from: fill_the_gap on April 21, 2006, 02:13:03 PM

Quote from: shesha on April 21, 2006, 01:22:19 PM
Looks like it is forming a double top. what is your strategy for buying here, besides earnings, looks like it could pullback? 

You are correct, I held off on the re entry when the $ 3.70 area could not break.
Any ideas on a target entry ?

Quote from: shesha on April 21, 2006, 02:40:38 PM
Personnaly I wouldn't touch it unless it stops pulling back and turns up..

Personally I think you all are out of touch with chart patterns.
I have been in this stock since I started this thread.
I'm not a swing trader, I not a day trader,When I get in a stock it is for a long play.
I let the chart do the talking.
This chart formed a Head and Shoulders Bottom,broke out of that pattern,
went after the breakout to form a Bullish Price Channel.
Had some profit taking Friday,,,a minor down day, if it dips near or to the 50-day EMA,
this would be a nice entry point to get in this stock. JMHO of course ,I think this is headed to $5 and beyond.

Volume: 44,792,419
Avg Vol (3m): 20,091,100

Technicals
Record Price High
Most Actives

Last Price Quote is:
1.92%above 13-day EMA
9.65%above 50-day EMA
RS Rating: 76 

Fundamentals
Earnings Expected on Apr 27

Key Data:
Market Cap (M): $1,731.57 
P/E Ratio: NA 
PEG Ratio: 2.6 
Next Earnings: 04/27/2006
Last Analyst Rating: Sector Perform

Quote from: setravis on April 22, 2006, 05:33:13 PM
Personally I think you all are out of touch with chart patterns.
I have been in this stock since I started this thread.
I'm not a swing trader, I not a day trader,When I get in a stock it is for a long play.
I let the chart do the talking.

Setravis...that right there is the difference between what you said about the chart and what the others are saying....you being a long term player, will interpret the chart's signals idfferently that some others who play short term swing trading...

As I've always maintained, one has gotta be VERY CLEAR about whether they are in for a long haul or for a short term, before relying on chart signals...otherwise things can get screwed up with misinterpretations.

Long term, this is a blow by $5.00 without question...but for now, it does look like there is short term resiatnce at the current range..down volume on friday was pretty high...woulsnt be surprised to see a shor term pullback/consolidation, before a move at $4.00.....of course, market reaction to earnings being most unpredicatable as always, the chart might prove one wrong.  ;)

NEWPORT BEACH, Calif., May 05, 2006 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade) today announced that it has reached a definitive agreement with Texas Instruments, Inc. that settles all aspects of a long-running legal dispute between GlobespanVirata, acquired in 2004 and now a Conexant subsidiary, and Texas Instruments. Under the terms of the settlement agreement, Conexant will make a lump-sum payment of $70 million to Texas Instruments. The agreement resolves the alleged past infringement of ADSL patents by GlobespanVirata products and provides a fully paid-up, going-forward license for these products under a previously existing 2003 agreement between Texas Instruments and Conexant. In addition, the Conexant patent license with Texas Instruments was extended to include a fully paid-up license for VDSL products. Other terms of the settlement agreement were not disclosed.

"We inherited this ongoing litigation when we merged with GlobespanVirata, and we are pleased that we have now resolved the matter," said Dwight W. Decker, Conexant chairman and chief executive officer. "Today's agreement puts behind us a very complex dispute that most likely would have required considerable attention and expense for several more years. From the perspective of our customers, not only have we now reaffirmed our ADSL license with Texas Instruments, we have extended this license to our current and future VDSL products. We will now turn our entire attention to further strengthening our leadership market positions in broadband communications and media processing semiconductor solutions for the digital home."

In June 2003, GlobespanVirata, which merged with Conexant in February 2004, filed a complaint against Texas Instruments in the U.S. District Court for the District of New Jersey claiming that Texas Instruments violated U.S. antitrust law by creating an illegal patent pool, manipulating the patent process, and abusing the process for setting standards related to ADSL technology. In August 2003, Texas Instruments filed counterclaims alleging that GlobespanVirata infringed certain ADSL patents. In mid-2004, the case was split into two phases, patent and antitrust, with the patent phase going to trial first.

The trial on the patent phase commenced on Jan. 4, 2006 in federal district court in Trenton, New Jersey. On Feb. 6, 2006, the jury reached a verdict that said that GlobespanVirata infringed three patents related to ADSL technology and awarded $112 million in damages to Texas Instruments. Trial for the second, antitrust phase of the case had been scheduled to begin in October of this year. With today's settlement, this second trial is no longer required.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(TM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Anyone following CNXT?

Thoughts on latest decline?  I can't find any negative news that would make it drop like it has over the past few weeks. 


Anyone?

Press Release Source: Conexant Systems, Inc.


Conexant Sets Date for Q3FY06 Earnings Conference Call
Monday July 10, 4:46 pm ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--July 10, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, invites financial analysts, members of the media and the public to participate in a conference call announcing results for the third fiscal quarter of 2006. The conference call will take place on Thursday, July 27, 2006, at 5 p.m. Eastern time / 2 p.m. Pacific time.


To listen to the conference call via telephone, dial 866-650-4882 (in the U.S. and Canada) or 706-679-7338 (from other international locations); security code: Conexant. To listen via the Internet, visit the Investor Relations section of Conexant's Web site at www.conexant.com/ir. Playback of the conference call will be available shortly after the call concludes and will be accessible on Conexant's Web site at www.conexant.com/ir or by calling 800-642-1687 (in the U.S. and Canada) or 706-645-9291 (from other international locations); pass code: 2904070.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(TM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $900 million. The company has approximately 2,800 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Contact:
Conexant Systems, Inc.
Gwen Carlson (Editorial), 949-483-7363 
Bruce Thomas (Investors), 949-483-2698

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

This sell-off is overdone....
Last quater was great. Looking for a bounce here.

Volume: 14,365,725
Avg Vol (3m): 18,523,900

Technicals
Most Actives

Last Price Quote is:
-4.62%below 13-day EMA
-17.98%below 50-day EMA
RS Rating: 4 

Fundamentals
Key Data:
Market Cap (M): $1,052.55 
P/E Ratio: NA 
PEG Ratio: 3.94479 
Next Earnings: 07/26/2006
Last Analyst Rating: Neutral

I don't know if today's bounce was any indication of what's to come, but it's interesting nonetheless.

Nice volume day....Interesting indeed lmterre !  ;) A favorite of mine.... ;D
Volume: 23,471,333
Avg Vol (3m): 14,355,800

Technicals
Most Actives

Last Price Quote is:
7.95%above 13-day EMA
-12.32%below 50-day EMA
RS Rating: 4 

Fundamentals
Key Data:
Market Cap (M): $797.83 
P/E Ratio: NA 
PEG Ratio: 2.93889 
Next Earnings: 10/26/2006
Last Analyst Rating: Underperform

Closed @ the 50-day MA of $2.09.
Nice break of the down trend line.
Volume building steam last 4 trading days.....
Volume: 30,212,706
Avg Vol (3m): 14,367,100

52wk Range: 1.58 - 3.90


Technicals
Close Above the 13-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
19.30%above 13-day EMA
-1.53%below 50-day EMA
RS Rating: 6 

Fundamentals
Key Data:
Market Cap (M): $797.83 
P/E Ratio: NA 
PEG Ratio: 4.15556 
Next Earnings: 10/26/2006
Last Analyst Rating: Underperform

Here is a 6 month chart.
With a longer term chart of 3 years, with the Head and Shoulders Bottom (reversal) pattern.

Chart showing a Bullish Engulfing.....
JMHO..will move on up from here.

Press Release Source: Conexant Systems, Inc.


Conexant Announces Appointment of New General Manager for Universal Access Business Unit
Monday September 25, 8:00 am ET 
Bernd Lienhard Becomes SVP and General Manager
of $300 Million Market-leading Organization


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that Bernd Lienhard has joined the company as senior vice president and general manager of its Universal Access business. Universal Access delivers solutions for PC desktop and notebook modems; point-of-sale terminal, set-top box, and other embedded modems; and multi-function peripheral and facsimile modem applications. Conexant holds number-one market share positions in each of these segments. The Universal Access business accounts for approximately one-third of the company's total revenues.
Source: Conexant Systems, Inc. 

 
Lienhard replaces Mark Duvall, who resigned in July of this year to pursue new business opportunities outside the semiconductor industry. Lienhard will report to Dwight W. Decker, Conexant chairman and chief executive officer.

"Bernd is a seasoned industry veteran with a proven track record, and I'm very pleased to have him join our team," Decker said. "He brings a wealth of experience to his new position and will have overall responsibility for one of our most important business units. Under Bernd, I'm confident that our Universal Access organization will continue to build on its enviable record of success."

"I'm excited about my opportunity with Conexant, and about the company's prospects," Lienhard said. "The Universal Access team is deep and talented, and it supplies leadership solutions to a blue-chip customer base that includes the world's leading personal computer and consumer electronic manufacturers. I look forward to applying the skills and talents I've developed over the past eighteen years in the semiconductor industry to this outstanding business."

Lienhard, 42, joined Conexant from Qimonda AG, a spin-off from Infineon Technologies, where he served as vice president of Sales and Marketing for North America. Prior to that, he spent eight years with Infineon in a variety of positions, including vice president and general manager of Advanced Sensors, Automotive and Industrial Business Group. Previously, he spent 10 years with Siemens Semiconductor and Siemens Defense Electronics. He holds a bachelor's degree in electrical engineering from Munich's University of Applied Science in Germany.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $1 billion. The company has approximately 2,800 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5234433



Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

May have found support @ $1.75

Recent CandleStick Analysis
Very Bullish
Sept-25-2006 Bullish Engulfing 

52wk Range: 1.60 - 3.90

Volume: 20,629,528
Avg Vol (3m): 13,885,300

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
2.70%above 13-day EMA
-4.20%below 50-day EMA
RS Rating: 8 

Fundamentals
Key Data:
Market Cap (M): $854.42 
P/E Ratio: NA 
PEG Ratio: 4.47222 
Next Earnings: 10/26/2006
Last Analyst Rating: Underperform

Profile: Conexant Systems, Inc. engages in the design, development, and sale of semiconductor system solutions worldwide. It offers semiconductor devices, software, and reference designs for use in broadband communications applications, enterprise networks, and digital home networks. The company's broadband access products include a set of digital subscriber line products for customer premises equipment and central office applications, and products for passive optical network applications.
Website: http://www.conexant.com
Market Cap: 928M
Financial Trends:
(http://www.3stocksonfire.org/stockcharts/CNXT_fa.gif)

Trading Idea:
This is a Technical play; CNXT had an important breakout last August after performing a bearish trend for several months. The stock had a first rebound attempt, but it was not effective, it just retested $1.75 (first breakout level) after 1 month of consolidation.

Yesterday session combined a powerful candle with some momentum divergence and good volume, suggesting at least short term continuation. We expect support near $1.75/$1.80, and good potential at least above $ 2.20 if this comes to be a real reversal candle.

(http://www.3stocksonfire.org/stockcharts/CNXT.gif)

This is not our regular type of play, but being bullish on the NDX and SOX, we need to hold some more plays on the semi sector right now, CNXT looks solid.

Trading Plan:
Buy CNXT today at or near the open.

Regards,

CNXT up +6% on the after hours trading

Quote from: Ramsburg on September 26, 2006, 05:07:52 PM

CNXT up +6% on the after hours trading

And here is why, looks like the chart was telling a story. Nice timing it would seem:

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sept. 26, 2006--Conexant Systems, Inc.
(NASDAQ:CNXT) announced today that it expects to receive cash proceeds of
approximately $100 million when Acquicor Technology, Inc. (AMEX:AQR), a special
purpose acquisition company, completes its merger with Jazz Semiconductor, Inc.,
a privately held specialty wafer manufacturing company.


Under the terms of the definitive agreement announced today, Jazz will merge
with a wholly owned subsidiary of Acquicor in an all-cash transaction valued at
$260 million, subject to certain adjustments. Completion of the merger is
expected to occur in the first quarter of calendar 2007. Acquicor and Jazz
provided additional transaction details in their separate press release.


Conexant owns approximately 42 percent of Jazz, a wafer foundry that provides
advanced specialty process technologies for the manufacture of highly integrated
analog and mixed-signal semiconductor devices. Jazz was formed in March 2002 as
a joint venture between Conexant and The Carlyle Group, a leading global private
equity firm. Conexant contributed its specialty process technologies and
the manufacturing equipment in its Newport Beach wafer fabrication facility to
the joint venture in return for its stake in the new company. Prior to that, the
Newport Beach fabrication facility was wholly owned by Conexant.


Jazz's initial customers consisted of Conexant and Skyworks Solutions, Inc., a
publicly traded company created from the spin-off of Conexant's wireless
business and the merger with Alpha Industries in June 2002. Since then, Jazz has
successfully expanded and diversified its customer base. These new customers
include Freescale Semiconductor, Inc., Marvell Technology Group Ltd., Texas
Instruments, Inc., and RF Micro Devices, Inc.


"Jazz has been an important supplier for Conexant since its inception, and I
expect our relationship to continue," said Dwight W. Decker, Conexant chairman
and chief executive officer. "Over the past four years, the Jazz team has
consistently made outstanding progress on all fronts in a highly competitive
environment. The company began manufacturing for just Conexant and its spin-off
companies and is now a supplier to almost 100 new customers from all over the
industry. I expect that the merged company and senior management team
will continue to build on this record of success.


"From a Conexant perspective, our share of the proceeds from this transaction
will significantly strengthen our balance sheet and provide us with improved
liquidity," Decker added.


Conexant expects to record a modest gain when the Acquicor-Jazz transaction
closes.

AP
Conexant to Receive $100M Through Jazz
Tuesday September 26, 5:56 pm ET 
Conexant to Receive $100 Million on Acquicor's Purchase of Jazz Semiconductor


NEWPORT BEACH, Calif. (AP) -- Conexant Systems Inc., which makes chips used in communications devices, said Tuesday it expects to receive about $100 million in cash through its ownership stake of Jazz Semiconductor Inc., which announced merger plans earlier in the day.


Jazz is merging with Acquicor Technology Inc. in a $260 million deal expected to close in next year's first quarter. Conexant owns a 42 percent share of Jazz, a privately held specialty wafer manufacturer.

Jazz was formed in 2002 as a joint venture between Conexant and private equity firm Carlyle Group. Conexant said it expects to record a modest gain when the Acquicor-Jazz transaction closes.

"From a Conexant perspective, our share of the proceeds from this transaction will significantly strengthen our balance sheet and provide us with improved liquidity," Chairman and Chief Executive Dwight W. Decker said in a statement.

Conexant shares rose 6 cents, or 3.1 percent, to $1.98 in aftermarket trading, after closing unchanged at $1.92 on the Nasdaq. Shares have traded between $1.60 and $3.90 over the past year.

Looks like this might turn into a good trade rams ;) I considered buying this for my port today as well but filled up my last 2 positions with CLEC and CROX this morning.

Chart looks good and good news. Recipe for $$  >:D
applauds
-fous

Update:
Good news after the bell:
- Conexant to Receive $100M Through Jazz (http://biz.yahoo.com/ap/060926/conexant_merger.html?.v=1)
Conexant to Receive $100 Million on Acquicor's Purchase of Jazz Semiconductor

Despite the good news after the close, CNXT was already performing some bullish pre-signs, the volume was up once again, and the stock made some short term highs. CNXT will probably open with a Gap Up, that gap will probably be filled, but we think this move will have short term continuation at least above $2.20.

Trading Plan:
Hold CNXT

Regards,

Update:
CNXT had a nice move, opening with a gap up following the recent news, but failed to close near the highs of the day, closing near the ema-50. We enjoyed the move, but not the candle itself...
We'll keep holding CNXT for now.

Trading Plan:
Hold CNXT

Regards,

Ramsburg,

SWKS jumped up 1.84 in AH today ahead of the CC tomorrows.

Since CNXT owns 6.2 millon shares on SWKS, what effect will this have on CNXT?

thx

Any comments on today's drop for CNXT???

Update:
CNXT is not behaving as expected; the stock had a sell off, retesting the short term ascending support again and reaching relative lows on an intraday spike.
Investors are showing concerns about CNXT debt, and apparently the $100M from Jazz (http://biz.yahoo.com/e/061002/cnxt8-k.html) was already discounted by the market.
We need CNXT to bounce back to the upside in order to hold this position on the 3SOF portfolio.

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.70)

Regards,

R,

Thank you.  I don't see how the $100M from Jazz was already discounted by the market.  Can you elaborate on this. Also, what part with Conexant's shares in SIRF, MSPD and SWKS play.

Quote from: bgoodman on October 05, 2006, 10:31:24 AM
R,

Thank you.  I don't see how the $100M from Jazz was already discounted by the market.  Can you elaborate on this. Also, what part with Conexant's shares in SIRF, MSPD and SWKS play.

Hi bgoodman,
Not a big deal, this anticipation I talked about is just the 2 candles before September 27, the day the news about the $100M from Jazz was out, stock was up from $1.77 to $2.04 before and then goes back to the start point (I see this as a news reaction noise for now).

Update:
Nice reaction on the support, CNXT still needs some more volume at this point, but we expect to see it above $2.00 short term.

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.70)

Regards,

Update:
I'm starting to enjoy this consolidation pattern again... ;)
CNXT is reacting on its main lines, with volume confirming the important price spots, making this consolidation area a symmetrical triangle now. Yesterday's close was on the top of the triangle, so if we watch another session like this and CNXT manage to close above $1.94 we may finally watch our desired upside move.
We are keeping the same plan now, and watch today's session for positive developments.

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.70)

Ramsburg,

Thanks for the update. I think CNXT will rapidly get back to $2.50 and eventually continue pass $3 back toward the recent 52-week high.

Nothing negative has happened since CNXT was at $3.80 before the May 11th Market crash hit hard.  Nothing fundamentally has changed since May 11th for Conexant.  It will return to the $3 plus range right before earnings, or shortly thereafter.

IMHO, CNXT is a steal below $2.75......Good luck longs.   

Quote from: bgoodman on October 15, 2006, 10:58:38 PM
Ramsburg,

Thanks for the update. I think CNXT will rapidly get back to $2.50 and eventually continue pass $3 back toward the recent 52-week high.

Nothing negative has happened since CNXT was at $3.80 before the May 11th Market crash hit hard.  Nothing fundamentally has changed since May 11th for Conexant.  It will return to the $3 plus range right before earnings, or shortly thereafter.

IMHO, CNXT is a steal below $2.75......Good luck longs.   

Hi bgoodman,
Thanks for your input, its great to hear such a positive opinion about CNXT ;) I'm probably looking to this stock only for the short term development of the current chart pattern, but if this works and it breakouts the $2.26 relative high, the long term technical outlook will be great.

Update:
News:
- CORRECTING and REPLACING Conexant Sets Date for Q4FY06 Earnings Conference Call (http://biz.yahoo.com/bw/061013/20061013005103.html?.v=2)

CNXT had a small negative reaction on the top of the triangle (the short term descending resistance), the support level is now located near $1.83, we are expecting an upside breakout at any moment, but till then CNXT should trade inside these two lines ($1.83 and $1.93).

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.70)

CNXT moving up, bought some at 2$ ...




(http://img295.imageshack.us/img295/5984/cnxtis7.jpg)

Thanks for the chart update Se7en ! Applaud.... ;D
Above the 50-Day-MA
Symmetrical Triangle (continuation) pattern .....Breakout !

52wk Range: 1.60 - 3.90

Volume: 21,227,796
Avg Vol (3m): 14,497,300

Technicals
Most Actives

Last Price Quote is:
9.05%above 13-day MA
5.06%above 50-day MA
RS Rating: 23 

Fundamentals
Earnings Expected on Oct 26

Key Data:
Market Cap (M): $854.42 
P/E Ratio: NA 
PEG Ratio: 4.85 
Next Earnings: 10/26/2006
Last Analyst Rating: Underperform

Press Release Source: Conexant Systems, Inc.


Conexant's Semiconductor Solutions Power Huawei's Cable Set-Top Boxes
Monday October 16, 8:00 am ET 
New Huawei C2510 Receivers Slated for Deployment in China


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that Huawei Technologies Co., Ltd., a leader in providing next-generation telecommunications network solutions for operators around the world, will base its new digital video broadcast cable (DVB-C) InfoLink C2510 set-top boxes (STBs) on Conexant's CX2415X MPEG audio/video (A/V) broadcast decoder family. Huawei's InfoLink C2510 receivers will be deployed in provinces including Guangdong, Zhejiang, and Guizhou in the People's Republic of China.


"China is a major player in the international consumer electronics marketplace, and the country's transition to all-digital information and entertainment networks is now fueling significant domestic demand for products such as set-top boxes," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "Our strong regional design presence can help leading-edge equipment vendors such as Huawei to quickly deliver products for this burgeoning new market."

"Conexant has been a valued supplier of broadband access products to Huawei for many years, and we are now expanding the scope of our business to include set-top box technologies," said Chen Chongjun, marketing director of Huawei's Fixed Network Terminals group. "Their highly integrated decoders provide us with a cost-effective, high-performance solution that will enable us to deliver top-quality receivers at a consumer-friendly price. The close proximity of Conexant's engineering teams in China is also important because it helps shorten our product development cycle and allows us to bring products to market more quickly and cost-effectively."

Conexant's CX2415X decoders provide consumer electronics manufacturers with a flexible, common platform that supports a broad array of applications in cable, satellite and terrestrial networks. The multi-purpose platform allows STB developers to leverage their hardware and software investments across multiple broadcast STBs and networks, and minimize their overall product development costs.

Conexant offers a comprehensive suite of digital STB components and system solutions for worldwide satellite, terrestrial, cable and IP entertainment broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS modems. Complete reference designs that help manufacturers reduce cost and speed time-to-market are also available, bundled with a range of operating systems, middleware, drivers and development tools.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $1 billion. The company has approximately 2,800 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

About Huawei

Huawei Technologies is a leader in providing next generation telecommunications networks, and serves 28 of the world's top 50 operators, as well as over one billion users worldwide. The company is committed to providing innovative and customized products, services and solutions to create long-term value and potential growth for its customers.

Huawei's Fixed Network Terminal is one of the six product groups of Huawei, which including digital set-top box, access network terminals, video communication solutions, and digital home solutions, etc. As a world leading supplier of fixed network terminals, Huawei has doubled its market share each year for the past three consecutive years, and deployed its products in more than 60 countries with annual output of 10,000,000 sets. For further information, please visit http://www.huawei.com.

Conexant Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.



Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

Update:
Good News:
- Conexant's Semiconductor Solutions Power Huawei's Cable Set-Top Boxes (http://biz.yahoo.com/bw/061016/20061016005132.html?.v=1)

We just got the upside breakout we're waiting for ;)
Now if this works from a technical point of view, we should have a $2.55 price target In Play (projection of the symmetrical triangle pattern). Volume was consistent with the breakout, and momentum is now starting to be hot, so we expect short term continuation, despite the possible re-test on the breakout level ($1.95).
We're just moving the suggested stop level a bit, and let this position running:

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.80)

CNXT held up well on this red day ...




(http://img166.imageshack.us/img166/5315/cnxt1fx1.jpg)

hmm, CNXT has been boooyaahhhed by Cramer...


"Until they do the refinancing [of debt] , you got dead money." Cramer said the company also needs to restructure.


http://www.thestreet.com/_yahoo/funds/lightninground/10315650.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Conexant Systems Inc. Earnings Conference Call (Q4 2006)
Scheduled to start Thu, Oct 26, 2006, 5:00 pm Eastern

Link :  http://biz.yahoo.com/cc/0/73990.html

Setravis, are you in CNXT at the moment and if so, are you planning to hold through earnings?

Update:
CNXT has been trading short intraday ranges for the past couple of sessions... not much to comment here, the stock has been holding at $2.00 which is not bad for now looking this pause as a consolidation. We're moving the suggested stop level a bit:

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.85)

CNXT broke through 9 & 50MA today ... :-\

The conference call will take place on Thursday, October 26, 2006, at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time, let's see if it recovers a bit before earnings.




(http://img307.imageshack.us/img307/3820/cnxttg3.jpg)

Ramsburg,

WHAT HAPPENED?

Possibly an over reaction to TI.

Quote from: bgoodman on October 24, 2006, 10:34:14 PM
Ramsburg,

WHAT HAPPENED?

Possibly an over reaction to TI.

Hi bgoodman,
Not sure what happened... but it was not nice to watch  :-\

Update:
CNXT had a significant sell off, volume was not exhaustive but this correctional move brings CNXT to its ascending support line, at the same spot there is the interception of another line, the projection of CNXT's earlier resistance at $1.86, so I'm expecting some upside reaction at these levels.
I have no clues about the earnings, so let's just trade the chart... We'll change our stop level to $1.82 changing from «suggested stop» to an automatic stop at that price:

Trading Plan:
Hold CNXT with a stop @ $1.82

Conexant Acquires Zarlink's Packet Switching Business
Wednesday October 25, 4:30 pm ET
Strategic Investment Strengthens Market-Leading Broadband Access Technology Portfolio

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that it has acquired Zarlink Semiconductor's packet switching business in a $5 million all-cash transaction. Zarlink's packet switching product line includes a range of Fast Ethernet aggregation switches for network access equipment, and is complementary to Conexant's DSL central office (CO) product offering.


"The acquisition of Zarlink's packet switching business allows us to further strengthen our DSL technology portfolio and market-leading presence in broadband access markets," said Akram Atallah, senior vice president and general manager of Conexant's Broadband Access business. "Zarlink's digital switching logic technology is synergistic with our DSL central office product offering, and provides for non-blocking VDSL line card performance. Integrating our respective technologies will enable us to build on our solid foundation in access markets, and provides us with the opportunity to expand the product line into adjacent areas."

Zarlink's packet switch core engineering team has produced six generations of packet switches and management software over the past seven years and has 40 patents and patents-pending relevant to the business. Their team of highly experienced digital switching logic engineers is now a part of Conexant's Broadband Access group, and will be based in the company's headquarters in Newport Beach.

Conexant is the No. 1 provider of DSL semiconductor solutions, and has shipped more than 150 million DSL ports. The company's CO DSL solutions have been deployed worldwide by over 50 major service providers. Customer premises equipment (CPE) and CO semiconductor solutions include a full range of standards-based integrated circuits, software and reference designs for asymmetric and symmetric DSL applications including ADSL2plus, SHDSL and VDSL2. Fiber access solutions include the Xenon family of products for PON applications.


http://biz.yahoo.com/bw/061025/20061025005984.html?.v=1

The acquisition news a day before earnings should be positive.  We should meet earnings or beat them, as it would be very unlikely to announce the deal if they were going to miss earnings.  GLTA


Conexant Acquires Zarlink's Packet Switching Business
Wednesday October 25, 4:30 pm ET 
Strategic Investment Strengthens Market-Leading Broadband Access Technology Portfolio


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that it has acquired Zarlink Semiconductor's packet switching business in a $5 million all-cash transaction. Zarlink's packet switching product line includes a range of Fast Ethernet aggregation switches for network access equipment, and is complementary to Conexant's DSL central office (CO) product offering.


"The acquisition of Zarlink's packet switching business allows us to further strengthen our DSL technology portfolio and market-leading presence in broadband access markets," said Akram Atallah, senior vice president and general manager of Conexant's Broadband Access business. "Zarlink's digital switching logic technology is synergistic with our DSL central office product offering, and provides for non-blocking VDSL line card performance. Integrating our respective technologies will enable us to build on our solid foundation in access markets, and provides us with the opportunity to expand the product line into adjacent areas."

Zarlink's packet switch core engineering team has produced six generations of packet switches and management software over the past seven years and has 40 patents and patents-pending relevant to the business. Their team of highly experienced digital switching logic engineers is now a part of Conexant's Broadband Access group, and will be based in the company's headquarters in Newport Beach.

Conexant is the No. 1 provider of DSL semiconductor solutions, and has shipped more than 150 million DSL ports. The company's CO DSL solutions have been deployed worldwide by over 50 major service providers. Customer premises equipment (CPE) and CO semiconductor solutions include a full range of standards-based integrated circuits, software and reference designs for asymmetric and symmetric DSL applications including ADSL2plus, SHDSL and VDSL2. Fiber access solutions include the Xenon family of products for PON applications.

Update:
News:
- Conexant Acquires Zarlink's Packet Switching Business (http://biz.yahoo.com/bw/061025/20061025005984.html?.v=1)

Earnings will be released today after the market (http://biz.yahoo.com/bw/061013/20061013005103.html?.v=2):
The conference call will take place on Thursday, October 26, 2006, at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.

We are going to hold CNXT through earnings, with the same trading plan, about the Acquisition, personally I don't think it's much relevant here, and I don't see it as a clue for the earnings, since it's only a $5M business, but the recent drop on the last sessions may represent that a possible issue on the earnings could be already discounted or a possible good surprise or neutral news may cause a better reaction since many traders have already sold afraid of the earnings call.
CNXT just tested a pivot point, the interception of its ascending support and the previous descending resistance (now a support too), this level should provide a positive reaction on a technical point of view, of course that the earnings event should cause some volatility here, but we'll take the risk.

Trading Plan:
Hold CNXT with a stop @ $1.82
Note: Anyone not comfortable with holding this position through earnings should exit this position today.

Need a Breakout from this
Symmetrical Triangle.
Back above the 50-day Ma

Recent CandleStick Analysis
Very Bullish
Oct-25-2006 Homing Pigeon 
Oct-23-2006 DOJI 
Oct-20-2006 Homing Pigeon 

Support @ $1.97...1.79...1.60
Resistance @ $2.19...2.32...2.50

52wk Range: 1.60 - 3.90
Volume: 24,937,157
Avg Vol (3m): 15,072,700

Technicals
MACD is Bullish....crossover of centerline
Close Above the 50-day MA
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
3.78%above 13-day MA
3.08%above 50-day MA
RS Rating: 48 

Fundamentals
Earnings Expected on Oct 26

Key Data:
Market Cap (M): $854.42 
P/E Ratio: NA 
PEG Ratio: 4.85 
Next Earnings: 01/24/2007
Last Analyst Rating: Underperform

Update:
Earnings:
- Conexant posts loss as it records writedown (http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061026:MTFH31397_2006-10-26_21-40-00_N26484042&type=comktNews&rpc=44) 
Shares of Conexant Systems (nasdaq: CNXT) fell 1.5% in after-hours trading Thursday after the semiconductor company provided disappointing guidance for the first quarter. Conexant announced fourth-quarter earnings of 3 cents per share on sales of $246 million, compared with the consensus estimates of 3 cents per share in earnings on sales of $247 million. The company predicted fiscal first-quarter earnings of 2 cents per share on revenue in a range of $243 to $248 million, compared with analysts' estimates of 4 cents per share in earnings and $255 million in revenue.

Earnings didn't meet the estimates, but personally I think the market was already aware of it as CNXT has been correcting for the past few sessions, so my overall sentiment on the earnings is neutral. Today's market action from regular session and extended trading was also neutral, with an intraday rally neutralizing the recent correction and a lot of volatility during the after hours (chart in attach), but not putting CNXT on a much different price range compared with recent prices.

Taking this in consideration we'll keep following the chart, the main pivot point we talked about yesterday triggered a positive reaction, so we'll stand with the same trading plan for now:

Trading Plan:
Hold CNXT with a stop @ $1.82

let's see if the news of a loss takes out the stop.

Update:
After the earnings volatility, CNXT is now reacting again on the ascending support. We are still on alert, but CNXT remains healthy from a TA point of view.

Trading Plan:
Hold CNXT with a stop @ $1.82

Update:
The positive reaction continues, despite the Nasdaq selling day, which is always a good sign. We'll keep holding this position and eventually we'll soon be able to upgrade our stop level to follow the ascending support.

Trading Plan:
Hold CNXT with a stop @ $1.82

Update:
Another throwback to the support level... CNXT is still showing consolidation needs at this time, but until it stays above the ascending support, we'll keep holding it. Let's wait.

Trading Plan:
Hold CNXT with a stop @ $1.82

CNXT reminds me of what dwest said yesterday in the DiVX folder, about the chart messing with his head.  :D

Frederick's Symmetrical Triangle is in purple.  It appears to have "morphed" into the larger Symmetrical Triangle, in blue.

The top of the Symmetrical Triangle in blue has been validated as resistance TWICE:

1. On October 18, at 2.08 (the first red arrow).  The hit was exact.

2. On November 2, at 2.02 (the second red arrow).  The trendline was at 2.03176, so the hit was within one penny.

The bottom of Frederick's Symmetrical Triangle (pattern in purple) also has been validated as support a number of times, as Frederick has pointed out.

Notice that since October 16, all trading has occurred between those two validated trendlines.

The top of the pattern in blue comes in today at 2.02728.   Yesterday's high was 2.02.

A print today of 2.03 would take out yesterday's high, and also would be a technical breakout of the larger (blue) Symmetrical Triangle, as long as CNXT would trade at 2.03, or better.

Quote from: 422fwhp on November 03, 2006, 07:43:17 AM
Today's news:

Conexant's Satellite Set-Top Box Solution Wins ''Leading Product Award'' in EDN China Innovation Competition

Thanks for that news, Jody.  Applause.  We'll see if it's a catalyst for the 2.03 breakout, or not.

Friday's Doji Star Harami (Indecision) is a great depiction of how traders interpreted the "Leading Product" award.

Doji Star: The open and close were identical, at 1.93 - Indecision

Harami: Thursday's "real body" was a 1.96 open; a 1.91 close.

Friday's high: 1.96

Frday's low: 1.91

"We tested both limits of Thursday's "real body," and we can't decide which way to take this stock any better than we could on Thursday.  That's real nice that they got an award, but how is that award going to translate to the bottom line, if at all?  Let's close it out where we opened it, at 1.93, and give it a think over."

Some version of that...

Quote from: Melf Elf on November 03, 2006, 08:19:57 AM
A print today of 2.03 would take out yesterday's high, and also would be a technical breakout of the larger (blue) Symmetrical Triangle, as long as CNXT would trade at 2.03, or better.

CNXT still is trading between the validated trendlines (the top of the blue pattern, and the up trendline off Frederick's pattern (in purple).

Still needs a print of 2.03 for a breakout, and needs to hold that level.

Thanks Melf and Jody ;) (applaud)

Update:
CNXT is not giving many signs now, trading above the ascending support area but failing to breakout to the upside... We expect to watch some action (to the upside) soon, otherwise we'll most likely drop this position, till then we keep the same trading plan:

Trading Plan:
Hold CNXT with a stop @ $1.82

The coil is getting tighter.... ;D
Could be ready to pop and rock. 8)

52wk Range: 1.60 - 3.90
Volume: 21,322,270................... :D
Avg Vol (3m): 14,778,400


Technicals
Close Above the 50-day MA............... ;D
Close Above the 13-day MA........................ ;D
Most Actives

Last Price Quote is:
3.20%above 13-day MA
2.78%above 50-day MA
RS Rating: 82 

Fundamentals
Key Data:
Market Cap (M): $854.42 
P/E Ratio: NA 
PEG Ratio: 4.85 
Next Earnings: 01/24/2007
Last Analyst Rating: Hold

Update:
Interesting price development today, once again CNXT reacted on the ascending support, volume is picking up a bit, all we need now is a breakout of the current level. 

Trading Plan:
Hold CNXT with a stop @ $1.82

Quote from: Melf Elf on November 04, 2006, 01:19:52 PM
Still needs a print of 2.03 for a breakout, and needs to hold that level.

The top of the Symmetrical Triangle (blue) came in yesterday at 2.0228

The high was 2.02 .

Yesterday was a THIRD validation of that trendline, as resistance.  Traders clearly are reacting to it.

Last Thursday, the Bulls got a bit weak in the knees and sold it off from just a penny below that trendline (second red arrow).  Yesterday, the Bulls had more courage and were willing to hold the stock at the close, leaving "a barbarian at the gate" on the chart, champing at the bit for a breakout.

A breakout print of 2.03 "should" have some significance.  Minor resistance right there, at 2.03-2.04, then at 2.08-2.09.

Quote from: Melf Elf on November 07, 2006, 03:53:24 AM
A breakout print of 2.03 "should" have some significance.  Minor resistance right there, at 2.03-2.04, then at 2.08-2.09.

There's the technical breakout print of 2.03 .  Now we need to hold it, and take out that near term minor resistance.

Conexant raises senior notes offering to $275 mln
Tue Nov 7, 2006 5:23pm ET27

Nov 7 (Reuters) - Conexant Systems Inc. (CNXT.O: Quote, Profile, Research) on Tuesday said it increased an offering of senior secured notes due 2010 to $275 million from the previous $250 million.

The notes will bear interest, payable and reset quarterly, at a rate per annum equal to three-month London Interbank Offered Rate plus 3.75 percent.

Proceeds from the offering will be used to repay at maturity or retire its outstanding 4 percent convertible subordinated notes due Feb. 1, 2007, the maker of communications and network chips said in a statement.


http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061107:MTFH02583_2006-11-07_22-23-24_WNAS2296&type=comktNews&rpc=44

Update:
Just when we thought we finally had the breakout, CNXT had to play with us one more time...  After reaching $2.04 on yesterday's session, CNXT tumbled again because of this news:
- Conexant raises senior notes offering to $275 mln (http://us.rd.yahoo.com/finance/external/reuters/SIG=11vg30000/*http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh02583_2006-11-07_22-23-24_wnas2296_newsml)

We are starting to be a bit annoyed here, so we are upgrading our stop level to $1.88, and wait for developments.

Trading Plan:
Hold CNXT with a stop @ $1.88

Quote from: Ramsburg on November 08, 2006, 03:20:24 AM
Update:
Just when we thought we finally had the breakout, CNXT had to play with us one more time...  After reaching $2.04 on yesterday's session, CNXT tumbled again because of this news:

Frederick,

Yeah, that was disappointing to see CNXT stop at 2.03-2.04 minor resistance, when it looked like we finally had an upsdie breakout.

Quote
We are starting to be a bit annoyed here, so we are upgrading our stop level to $1.88 , and wait for developments.

I agree, especially with the "annoyed" part.  :D  >:D

1.88 would be a takeout of yesterday's 1.92 low, and it also would bust your up trendline, which looks to come in today at some fraction above 1.89 (I didn't calculate it exactly).   

Nice managing of the trade, Frederick.  Applause. 

Quote from: Melf Elf on November 07, 2006, 03:53:24 AM
A breakout print of 2.03 "should" have some significance.  Minor resistance right there, at 2.03-2.04, then at 2.08-2.09.

Tha-aat's better!  :D

We just printed up to the 2.08-2.09.

Quote from: Melf Elf on November 08, 2006, 04:56:55 AM
I agree, especially with the "annoyed" part.  :D  >:D

1.88 would be a takeout of yesterday's 1.92 low, and it also would bust your up trendline, which looks to come in today at some fraction above 1.89 (I didn't calculate it exactly).   

Nice managing of the trade, Frederick.  Applause. 

I'm not sure if I'm still annoyed...  8)

Are we expecting some bad news today during late session ?  >:D

Quote from: Melf Elf on November 08, 2006, 10:51:46 AM

Quote from: Melf Elf on November 07, 2006, 03:53:24 AM
A breakout print of 2.03 "should" have some significance.  Minor resistance right there, at 2.03-2.04, then at 2.08-2.09.

Tha-aat's better! :D

We just printed up to the 2.08-2.09.

much better...
TA has been working, CNXT had been reacting on the support levels, lets hope this breakout will also generate some significant swing now ;)

thanks for your inputs Melf, (applaud)

Quote from: Ramsburg on November 08, 2006, 11:00:13 AM
I'm not sure if I'm still annoyed...  8)

Frederick,

No, we're not annoyed anymore.  At least for today.   8)

Quote from: Melf Elf on November 08, 2006, 10:51:46 AM
A breakout print of 2.03 "should" have some significance.  Minor resistance right there, at 2.03-2.04, then at 2.08-2.09.

CNXT spent most of the day near that 2.08-2.09 minor resistance, consolidating the technical breakout.  The close was the 2.08, on better than 2X 100-day average volume.  The stock is doing nice technical work.

Quote
much better...
TA has been working, CNXT had been reacting on the support levels, lets hope this breakout will also generate some significant swing now ;)

Yes, quite a number of hits to those trendlines.  The top of the pattern will be about 2.01 for tomorrow, so it would be good to see that hold, on any re-test.

It would be better , to see it move higher, off the breakout.  8)

Overall, this was a real nice day for CNXT.  ;)

Good job, Frederick!

Breakout! Nice ;D

Lets hope we get some continuation....  next resistance 2.20.

Update:
CNXT printed a new short term high, but didn't manage to hold and closed the session slightly negative. The ascending support is now standing near $1.95, so we'll just upgrade our stop level a bit more and let this trade running:

Trading Plan:
Hold CNXT with a stop @ $1.92

Sorry for the "double post," but since the 3SOF Board isn't working (no REPLY buttons), I'll put this here, as well:

Thanks, David.

Let's temporarily use this folder if we want to say anything about the 3SOF Picks until the problem is resolved.

I wanted to post to Frederick on CNXT.  I mentioned yesterday that on any selloff, I'd like to see 2.01 hold, which is the top of the Symmetrical Triangle.

That  top of  the Symmetrial Triangle came in at 2.009 yesterday, so it held just about exactly.  That low was 2.01.

I agree with Frederick's stop.

Meanwhile, CNXT is indicated at 2.24 at the moment.  That's good. 

Target #1 is 2.26, the top of the Symmetrical Triangle.  I'll sell 25% of my position.  I like to take at least some profits when targets get MADE.

--------------------------------------------------------------------------------

CNXT up 14% pre-market


Conexant's Advanced Semiconductor System Solution Selected by Motorola for Use in Next-Generation Set-Top Platform
Friday November 10, 8:00 am ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that Motorola, Inc. has chosen Conexant's advanced multimedia processor and highly integrated network processor for use in one of its next-generation set-top platforms.
ADVERTISEMENT


Conexant will supply Motorola with technologies that improve the processing capabilities that exist in the company's current generation of set-tops. Motorola will incorporate Conexant chips as part of a forthcoming next-generation set-top product, which is intended to offer consumers a more flexible and compelling entertainment experience.

"Converging networking and media processing technologies are driving the demand for innovative new solutions that allow consumers to manage and control many different devices in their digital home network," said Lewis Brewster, Conexant chief operating officer, and executive vice president and general manager of the company's Broadband Media Processing business. "We're pleased to supply Motorola with technologies that will help enable these advanced new features."

"Motorola is committed to continually bringing innovative and compelling solutions to market to address consumers' ever-evolving desires," said Marc Kauffman, Motorola vice president, engineering, Connected Home Solutions business. "By incorporating Conexant processing technologies into our next-generation design, Motorola will be able to offer consumers the 'next level' of seamless entertainment, information, and communications, in and out of the home."

Conexant offers a comprehensive suite of digital set-top components and system solutions for worldwide cable, satellite, terrestrial, and IP entertainment broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS modems. Complete reference designs that help manufacturers reduce cost and speed time-to-market are also available, bundled with a range of operating systems, middleware, drivers and development tools.


http://biz.yahoo.com/bw/061110/20061110005093.html?.v=1

CNXT lookin real good!!!  I think we have a breakout on our hands ;D

I do have to agree though Melf, 2.26 looks to be key, and we may get a pullback from here after this big gap up, still CNXT (and a lot of other semis) really look like they want to run through Christmas.

Quote from: ScottishTrader on November 10, 2006, 09:03:25 AM
CNXT lookin real good!!!  I think we have a breakout on our hands ;D

I do have to agree though Melf, 2.26 looks to be key, and we may get a pullback from here after this big gap up, still CNXT (and a lot of other semis) really look like they want to run through Christmas.

Scotsman,

Yeah, the breakout and yesterday's exact re-test of the breakout looks good, so this could be a "Gap And Go" today, but as you know, I always take a least some profits when targets get MADE, just in case it's a "Gap To Crap." 

Like Aussie said in the BBC folder: it's an "Insurance Play."  :D  ;)

Se7en,

Thanks for that news.

Quote from: Melf Elf on November 10, 2006, 08:29:44 AM
Target #1 is 2.26, the top of the Symmetrical Triangle.  I'll sell 25% of my position.  I like to take at least some profits when targets get MADE.

Sold 25% of my CNXT at 2.26.  Gain: 18.3% (I paid 1.91).

THANK YOU, FREDERICK!  :D  Applause.

agreed melf.  Just took a little off the table at 2.24.  There's a real battle going on on the level II....

Quote from: setravis on November 06, 2006, 09:55:14 PM
The coil is getting tighter.... ;D
Could be ready to pop and rock. 8)

BreakOut !
Target $3 to 5 stop $1.95. Breakout to a new local high. MACD positive and rising.


Technicals
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
12.94%above 13-day MA
13.98%above 50-day MA
RS Rating: 92  

Fundamentals
Key Data:
Market Cap (M): $854.42  
P/E Ratio: NA  
PEG Ratio: 4.85  
Next Earnings: 01/24/2007
Last Analyst Rating: Hold

hi,
iam looking for an entry around 213- 215 support.
maxi

Quote from: rickjust on November 10, 2006, 10:34:50 AM
hi,
iam looking for an entry around 213- 215 support.
maxi

I sold today at 2.23 and also look to buy again around 2.14 area.  Lets hope we get filled Maxi  :)

hi,
may miss out today, already 16mil traded with lots of buyers coming in at 220. but i don't want to chase it . if i miss it today i will look for monday
maxi

Update:
CNXT on the move because of this news:
- Conexant Gets Supply Pact From Motorola (http://biz.yahoo.com/ap/061110/conexant_motorola.html?.v=1)

The stock opened with a Gap up, reaching a high of $2.27, but not holding above $2.20. We don't pretty much enjoy this gap ups because of news, the stock will most likely close the opened gap in order to consolidate the move.
So, we are going to upgrade our stop level from $1.92 to $2.10, to decrease our risk in this position, and assure we'll lock a profit no matter what. Bellow the gap zone, the support level is now at $1.97 and $2.03.

Trading Plan:
Hold CNXT with a stop @ $2.10

Quote from: Ramsburg on November 13, 2006, 03:04:28 AM
So, we are going to upgrade our stop level from $1.92 to $2.10, to decrease our risk in this position, and assure we'll lock a profit no matter what. Bellow the gap zone, the support level is now at $1.97 and $2.03.

Trading Plan:
Hold CNXT with a stop @ $2.10

Frederick,

I like that.   We want to ensure a gain out of this, now that we got the breakout.  You'll come out of it with a 10½% gain, if stopped out, which is a very nice profit. 

My exit strategy locks me into about a 7.7% gain, if I'm stopped out.

I'm long from 1.91, a penny higher than you.  Friday, I took an 18.3% gain on 25% of my position when the 2.26 target MADE (posted on the Stock Picking Board since I had a temporary problem accessing this board...thanks for fixing it).  ;)

For the stop on the remaining 75% of my position:

Quote from: Melf Elf on November 08, 2006, 04:15:11 PM
[Yes, quite a number of hits to those trendlines.  The top of the pattern will be about 2.01 for tomorrow, so it would be good to see that hold, on any re-test.

The top of the pattern for Thursday actually was 2.009.  The low Thursday was 2.01, for an exact hit. CNXT keeps hitting those trendlines, as we've discussed, and that particular hit said:

"Remember how the top of the pattern was validated RESISTANCE? (red arrows)  Well, with that exact hit at the  2.01 low (green arrow), that trendline now is validated SUPPORT."

I like that, and it's also one of the reasons that I like to play very liquid stocks (high volume), like this one.  CNXT is a "trading favorite," and traders know where these trendlines are, which accounts, in large part, for all of the "direct hits" that we've gotten.  Traders sell at resistance, and on Thursday, they stepped up and bought support at 2.01.

Now that we've gotten that re-test validation of the breakout, we don't want to see 2.00 get printed, because that violates the 2.01 validated support.

However, in this particluar case, 2.00 happens to be a bit "ticklish," and I'm putting my stop at 1.99 because:

1. The top of the Symmetrical Triangle has a downward slope, so it comes in today at 2.00.  We "could" get a stop-busting fakeout print of 2.00, which actually would be another trendline validation, if CXNT tags it, and runs higher again.

2. Players tend to buy round numbers (2.00), and tend to have their stops under round numbers (so, 1.99).

If I'm stopped out at 1.99, that's a gain of 4.2% on the remaining 75% of the position.  With the 18.3% on 25% of the position, taken on Friday, the gain on the trade will be 7.7%.

Sorry to have been so tedious about this, but I know that some of you are wanting to learn how to "run your business of trading."  Learn how to make decisions about "when to sell....why am I sellling at that price," etc.

If I'm stopped out, Frederick will have a better gain than I will.  We have different exit strategies, and they both are perfectly fine.  It's all good when you have a gain, and there isn't "one right answer" about where to take profits.  Decide how much you want, as your "minimum" gain, which is what Frederick and I both have done.

There's every reason to suspect that Friday's candle is a Bearish Doji Star Hangman, that the gap will get filled, and that CNXT "could" breakdown below pattern support.

Frederick's selling at 2.10 and locking in a 10½% gain is a great exit strategy, and I applaud it.

Good luck, everybody!

 

I sold last Friday at 2.23, and put in a limit order for the gap close at 2.14.  Just missed that then changed the order and got filled at 2.15.  But I might not have tried this if I didnt have the 30 free trades per month with Bank of America  ;D  I am starting to do more trades with that account, while using my Power Etrade Pro platform to actually watch Level II.

Quote from: tokyopua on November 13, 2006, 10:06:48 AM
I sold last Friday at 2.23, and put in a limit order for the gap close at 2.14.  Just missed that then changed the order and got filled at 2.15.  But I might not have tried this if I didnt have the 30 free trades per month with Bank of America  ;D  I am starting to do more trades with that account, while using my Power Etrade Pro platform to actually watch Level II.

Toky, you have been doing some great moves around some of our picks  >:D ;) (applaud)

regards,

Quote from: Ramsburg on November 13, 2006, 10:32:53 AM

Quote from: tokyopua on November 13, 2006, 10:06:48 AM
I sold last Friday at 2.23, and put in a limit order for the gap close at 2.14.  Just missed that then changed the order and got filled at 2.15.  But I might not have tried this if I didnt have the 30 free trades per month with Bank of America  ;D  I am starting to do more trades with that account, while using my Power Etrade Pro platform to actually watch Level II.

Toky, you have been doing some great moves around some of our picks  >:D ;) (applaud)

regards,

Thanks for the applauds Rams, I am just using what I have learned here at 3SOF and from Nison's Candlestick book (which I read because of the 3SOF recommendation)!  :)

Also, as I mentioned, the Bank of America free trades are helping me now to not worry about commission at all when I make these kind of moves.  If any other members on the east coast of the US are interested, here is the thread I started about that to track my experience with it and give some details:

http://www.3stocksonfire.org/trading/index.php?topic=7052.msg73854#msg73854

Quote from: rickjust on November 10, 2006, 11:38:43 AM
hi,
may miss out today, already 16mil traded with lots of buyers coming in at 220. but i don't want to chase it . if i miss it today i will look for monday
maxi

I got filled at 2.15 after missing 2.14 today, hope you got filled too Maxi!   :)

hi,
i let this one go . i didn't like fridays candle . all those shares traded and no price movement.
didn't feel comfortable so moving on for now.
maxi

Update:
CNXT continues to show strength, the stock filled the opened gap, and kept its trend to the upside, managing to close on positive territory again.
I was afraid our aggressive trailing stop would be triggered, but so far, so good.

If this swing is here to perform, and we manage not to get stopped at $2.10, we can expect to see CNXT (from a pure technical approach) hitting something like $2.55, which is the projection of the long symmetrical triangle pattern, so we'll be introducing a suggested exit zone at this time.

A few news were out yesterday:
- Conexant Expands Industry-Leading DSL Portfolio with World's Most Feature-Rich ADSL2plus Central Office Solution (http://biz.yahoo.com/bw/061113/20061113005134.html?.v=1)
- Readers' Picks: TheStreet.com's Top 10 (http://us.rd.yahoo.com/finance/external/tsmfe/SIG=123h7chpc/*http://www.thestreet.com/_yahoo/newsanalysis/topten/10321636.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA)
- Conexant Completes Private Offering of Senior Secured Notes (http://biz.yahoo.com/bw/061113/20061113006179.html?.v=1)

Trading Plan:
Hold CNXT with a stop @ $2.10 (suggested exit price near $2.50)

Quote from: Ramsburg on November 14, 2006, 03:51:22 AM
(suggested exit price near $2.50)

Frederick,

2.50 is close to 2.479, which is the .382 Fibonacci Retracement of the April-August decline.

2.41 is today's data point for the rising dotted blue line, in case the Blue Symmetrical Triangle morphs into a channel.

2.58 is the declining 200DMA.

2.68 is IN PLAY from the Blue Symmetrical Triangle Breakout.  That might be a bit ambitious, given that the 50/200 DMAs are so badly inverted.

Given the breakout, I'm thinking that we at least ought to get the 2.41-2.479.

Some movement came today though.  Yesterdays candle made a nice little gap fill, and CNXT was looking strong above 2.26 resistance today.  However, pulled back and closed right at 2.26.  Still, if we break that (and I think we will), the 2.66 symmetrical triangle target is IN PLAY, and not a huge amount of resistance between here and 2.50 either.  Lets go CNXT!!!

Tokyopua, glad you are in on this one too!!   (by the way, I found out what the pua is all about - f****ing brilliant, laughed my a$$ off, and lets just say i'm starting working on getting myself to gpua status ;) - do you think we should start a "3 stocks on pua"???  I seem to be really good at picking them up, but I always seem to crash and burn!!! :-[)  Just gotta keep the head cool 8)

Back above 13/50 MA, Volume will increase and updraft on horizon..... ;)
Let's knock out that resistance @ $2.26

52wk Range: 1.60 - 3.90
Volume: 18,874,468
Avg Vol (3m): 15,392,000

Technicals
Most Actives

Last Price Quote is:
10.81%above 13-day MA
13.97%above 50-day MA
RS Rating: 91  

Fundamentals
Key Data:
Market Cap (M): $854.42  
P/E Ratio: NA  
PEG Ratio: 4.85  
Next Earnings: 01/24/2007
Last Analyst Rating: Hold

Quote from: setravis on November 10, 2006, 10:32:14 AM

Quote from: setravis on November 06, 2006, 09:55:14 PM
The coil is getting tighter.... ;D
Could be ready to pop and rock. 8)

BreakOut !
Target $3 to 5 stop $1.95. Breakout to a new local high. MACD positive and rising.

Update:
Nice day for CNXT, closing at a new high for this up swing, volume was consistent, and momentum looks solid.
We are tightening up a bit our trading plan, giving a higher stop and a lower «suggested» sell price, just regular procedure for this kind of trade. We bought CNXT waiting for a momentum run, but somehow we had to wait a bit longer than expected, now we have that momentum run on the going, and we don't want to hold CNXT during any consolidation process, thats the reason why we are tightening the trading plan.

Trading Plan:
Hold CNXT with a stop @ $2.15 (suggested exit price near $2.45)

Best regards,

Quote from: Ramsburg on November 15, 2006, 06:39:10 AM
I'm changing the suggested exit level just a few ticks below, and upgrading our stop too, just remembering the time we were «annoyed» with CNXT trading development ;)

Frederick,

Yes, while we want to be forgiving of CNXT's past transgressions, we don't want to be too forgiving.  :D  >:D

Since CNXT took out Friday's 2.27 high, I'm moving my stop up to 2.13, a penny below Monday's 2.14 exact gap-filling low (the November 9 high, before the gap, was 2.14 )

As you mentioned before, Frederick, CNXT does a good job responding to trendlines and resistance/support levels.  I like that.

It's working hard at it....

52wk Range: 1.60 - 3.90
Volume: 13,514,284
Avg Vol (3m): 15,392,000

Technicals
Most Actives

Last Price Quote is:
11.05%above 13-day MA
15.35%above 50-day MA
RS Rating: 92 

Fundamentals
Key Data:
Market Cap (M): $854.42 
P/E Ratio: NA 
PEG Ratio: 4.85 
Next Earnings: 01/24/2007
Last Analyst Rating: Hold

indeed it is setravis!!!  But we got our close above 2.26, which should now act as support.  I think 2.40 is not too far off, in fact the whole semi sector looks like it will run till christmas!  Lets hope so  ;D ;D ;D

By the way, FNSR is also looking very well set up right now too...

Quote from: ScottishTrader on November 14, 2006, 08:46:27 PM
Some movement came today though.  Yesterdays candle made a nice little gap fill, and CNXT was looking strong above 2.26 resistance today.  However, pulled back and closed right at 2.26.  Still, if we break that (and I think we will), the 2.66 symmetrical triangle target is IN PLAY, and not a huge amount of resistance between here and 2.50 either.  Lets go CNXT!!!

Tokyopua, glad you are in on this one too!!   (by the way, I found out what the pua is all about - f****ing brilliant, laughed my a$$ off, and lets just say i'm starting working on getting myself to gpua status ;) - do you think we should start a "3 stocks on pua"???  I seem to be really good at picking them up, but I always seem to crash and burn!!! :-[)  Just gotta keep the head cool 8)

Thanks for the props, ScottishTrader :-)  This has been a good stock for me, managed to profit twice on it so far since I sold and bought back after the gap fill.  I agree with your analysis, and its great we got the close above 2.26 today :-)  I needed that given the schelacking I took today in EMFP (bought recently at .8, sold at .7).

As for PUA, good luck on your quest!  ;)  PM me if you have any questions about resources, etc., I have far more expertise there than in trading stocks, lol.

If anyone got stopped out at 2.15, you might want to call your broker and appeal it.  On the 1-Minute chart, it looks like a "bad tick" at 3:59PM.  The Open of that bar was 2.22, as was the close.  There's not other trading anywhere near 2.15.  I suspect that they took it down and whacked somebody's stop, then took it right back up.

Ask your broker to look at the Time & Sales sheet, to see how many trades went off at the 2.15.  If it looks obvious to the broker that you got whacked, he might give you the 2.22.  Just a suggestion.

My stop is 2.13, but even if my stop had been 2.15, I wouldn't have stopped it out on that "bogus" tick.

Quote from: Melf Elf on November 17, 2006, 06:17:21 AM
If anyone got stopped out at 2.15, you might want to call your broker and appeal it.  On the 1-Minute chart, it looks like a "bad tick" at 3:59PM.

Hi Melf, thanks Melf (applaud) ;)
Our stop was not triggered yet, and exactly, that $2.15 print was just a «bad tick».

Update:
About yesterday's session, so far and staying only with the technicals, it was a normal correctional candle for this up going swing, the volume was low, which make sense for a consolidation move, and we are not going to change our plan at this point, our stop remains at $2.15, and if we get stopped here, we'll be already closing a nice profit, so we are not taking any more risks on CNXT.

Trading Plan:
Hold CNXT with a stop @ $2.15 (suggested exit price near $2.45)

Best regards,

Update:
CNXT was down again during Friday's session, and so was its volume, therefore corroborating this retraction as a consolidation move after the recent rally.

This article was published Thursday near the close, by Motley Fool:
- Is Conexant Worth the Risk? (http://biz.yahoo.com/fool/061116/116370683328.html?.v=2)
The article is a bit bearish, alerting investors to some debt issues and more, nothing new at all, but a negative alert always helps the selling pressure...

Despite the mid term bullish reversal on the chart, we'll stand with this tight trading plan, with the perhaps «too» protective trailing stop @ $2.15, so we'll most likely get stopped unless CNXT turnaround really quick.

Trading Plan:
Hold CNXT with a stop @ $2.15 (suggested exit price near $2.45)

Best regards,

Sold remaining 75% CNXT at 2.13.  Gain: 11.5%. 

Gain on the trade: 13.2%

Thank you, Frederick.  Nice job!  Applause.

Quote from: Melf Elf on November 20, 2006, 10:17:40 AM
Sold remaining 75% CNXT at 2.13.  Gain: 11.5%. 

Gain on the trade: 13.2%

Thank you, Frederick.  Nice job!  Applause.

Thanks Melf,

We sold it @ $2.15 following the plan.

CNXT deserves an update here - still holding onto my shares after that re-test of 2.13-2.14 support (looked sketchy, but ended up holding very nicely)  CNXT should be set up for a nice rally to new highs from here - everything looks good, with resistance at 2.27 and 2.30.  However, I was just a little surprised - they released this PR this morning, and it really didn't do a whole lot for the PPS:

ELCON's Complaint Dismissed: No Civil Rights for Inventors
http://biz.yahoo.com/prnews/061121/latu096.html?.v=77

They won the civil lawsuit (I'm not sure how much it would have cost them if they lost) whcih I would have thought would give them a nice pop, and while it was up, volume seems to be pretty low for CNXT - much lower on this upswing than the last.  Also the article was worded awfully strangely, making it sound like they had basically fleeced this inventor through the might of corporate law ???

Oh well, still waiting for a break above 2.30, my stop remains at 2.11.

CNXT Threads have been merged.
Happy Thanksgiving !

Good luck trading to all.......

sold the remainder of my CNXT shares today @ 2.23 for a 9.8% gain  ::)

Event though today is a historically slow day for the markets, my feeling is it is TOO slow for CNXT.  It may well rally further from here, but I feel its strength is a little weak right now, and I would rather put my money to work elsewhare.  Still an overall gain of about 10% on th trade is nothing to sniff at....

CNXT update:

If anyone hasn't seen it, CNXT looks like it is building a textbook cup n handle formation here.  A breakout of the amll falling wedge its in right now and it should be off to the races.  Currenly Bid 2.16, Ask 2.18 in the PM.

Quote from: ScottishTrader on December 01, 2006, 09:01:02 AM
CNXT update:

If anyone hasn't seen it, CNXT looks like it is building a textbook cup n handle formation here.  A breakout of the amll falling wedge its in right now and it should be off to the races.  Currenly Bid 2.16, Ask 2.18 in the PM.

Oversold in an uptrend.......  ;D
Oh yes, we have seen it !
Thanks for the update ScottishTrader.....Applaud ;)

Cup with Handle (Continuation)
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.

As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.

As with most chart patterns, it is more important to capture the essence of the pattern than the particulars. The cup is a bowl-shaped consolidation and the handle is a short pullback followed by a breakout with expanding volume. A cup retracement of 62% may not fit the pattern requirements, but a particular stock's pattern may still capture the essence of the Cup with Handle.

Examples below, to give you a better view of the pattern...

Press Release Source: Conexant Systems, Inc.


Conexant Sets Date for Q1FY07 Earnings Conference Call
Friday January 12, 8:00 am ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, invites financial analysts, members of the media and the public to participate in a conference call announcing results for the first fiscal quarter of 2007. The conference call will take place on Thursday, January 25, 2007, at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.


To listen to the conference call via telephone, dial 866-650-4882 (in the US and Canada) or 706-679-7338 (from other international locations); security code: Conexant. To listen via the Internet, visit the Investor Relations section of Conexant's Web site at www.conexant.com/ir. Playback of the conference call will be available shortly after the call concludes and will be accessible on Conexant's Web site at www.conexant.com/ir or by calling 800-642-1687 (in the US and Canada) or 706-645-9291 (from other international locations); pass code: 6377639.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $1 billion. The company has approximately 3,200 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology, and the demands it may place on the time and attention of our management and the expense it may place on our company; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.


Contact:
Conexant
Editorial Contact:
Gwen Carlson, 949-483-7363
or
Investor Relations Contact:
Bruce Thomas, 949-483-2698

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

CNXT in a bit of trouble as it broke down tfrom its ascending trendline on Thursday.  Rallied strongly on friday to recover some of that lost ground, but it still has its work cut out for it.  The two spike highs to 2.36 look a lot more like a double top now.  However short term it has been forming a falling wedge.  An upside breakout of this wedge would get it back above its trendline.  Support @ 1.90, resistance @ 2.02-05, 2.10, 2,20.  CNXT definitely has its work cut out for it.

Catching a bounce here at the $1.40 area,
could be a bottom........?


52wk Range: 1.41 - 3.90
Volume: 12,387,607
Avg Vol (3m): 9,616,350

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
4.68%above 13-day MA
-7.64%below 50-day MA
RS Rating: 6 

Fundamentals
Earnings Expected on Apr 26

Key Data:
Market Cap (M): $697.69 
P/E Ratio: NA 
PEG Ratio: -0.772222 
Next Earnings: 04/26/2007
Last Analyst Rating: Sell

Press Release Source: Conexant Systems, Inc.


Conexant Introduces New Cable Set-Top Box Reference Designs
Monday April 30, 8:00 am ET 
HD-AVC/DOCSIS Platforms Targeted at High-Definition PVR Applications


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced the availability of two complete, OpenCable(TM)-compliant cable set-top box (STB) reference designs for high-definition (HD) personal video recording (PVR) applications. The comprehensive reference designs are based on the company's recently announced CX2445X DOCSIS 2.0+ and EuroDOCSIS 2.0+ cable modem integrated circuits, and can be configured with either Conexant's CX24500 single-channel or CX2427X dual-channel HD MPEG-2/H.264/VC-1 video decoder. The highly integrated solutions also include core software and drivers that enable developers to quickly develop middleware and innovative applications for next-generation cable STBs.


"In today's fast-moving marketplace, time-to-market often determines a product's success, particularly in rapidly growing applications such as personal video recording," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "Our new reference designs provide manufacturers with the ability to shorten product development cycles, which can provide them with a competitive edge that may translate to greater market share down the road."

The reference designs include support for OpenCable applications platform (OCAP(TM)), a middleware software layer specification that enables manufacturers to develop products that will run on any cable television system in North America, independent of the STB receiver hardware or operating system software. In addition, an embedded processor enables advanced hardware security features, and supports major industry security standards including downloadable conditional access system (DCAS(TM)) and multi-stream CableCARD(TM) (M-Card(TM)). The reference designs also support major operating systems such as Linux®.

Conexant's CX2445X family of DOCSIS 2.0+ front-end cable STB chips feature three demodulators with downstream channel bonding capability, which significantly increases bandwidth capacity. Also included is an integrated out-of-band cable physical layer (PHY), which provides compatibility with legacy U.S. cable systems, and supports Society of Cable Telecommunications Engineers (SCTE) standards 55-1 and 55-2.

The reference designs are offered with either Conexant's CX24500 single-channel video decoder for mass market STB devices with PVR capabilities, or the CX2427X dual-channel device which is capable of decoding two HDTV programs simultaneously for picture-in-picture display, and supporting networked PVR for whole-house video solutions. Both of the decoders support key video compression standards including MPEG-2, MPEG-4 advanced video coding (AVC)/H.264, and VC-1.

The CX2427X and CX24500 are the industry's highest performance dual- and single-video decoders, and are based on a powerful ARM® 1176 processor. To further boost performance, the devices include double data rate memory (DDR2) interface with unified memory, an integrated level two (L2) cache, an advanced graphics rendering engine and Jazelle® Java hardware accelerator for improved Java performance, and reduced memory foot print.

The video decoders have several integrated features including three USB ports, audio digital-to-analog converters (DACs), multiple video outputs including HD multimedia interface (HDMI) 1.3 with high-bandwidth digital content protection (HDCP) 1.2, a Broadcast Television Systems Committee (BTSC) stereo encoder and channel 3/4 RF modulator, and two Ethernet media access controllers (MACs) with a media independent interface (MII). This enables future expansion for networking technologies such as MoCA, HomePlug® A/V, or 802.11 wireless networking. The reference designs also have a serial advanced technology attachment (SATA) interface that facilitates the transfer of data to and from hard disks for PVR applications.

Conexant offers a comprehensive suite of digital set-top components and system solutions for worldwide entertainment and broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS modems.

The HD-AVC/DOCSIS references designs are available to qualifying customers.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded revenues of $970.8 million in fiscal year 2006. The company has approximately 3,200 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology, and the demands it may place on the time and attention of our management and the expense it may place on our company; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

Press Release Source: Conexant Systems, Inc.


Conexant Delivers Complete Front-End Solution for Terrestrial Set-Top Box Applications
Tuesday May 29, 8:00 am ET 
New DVB-T Chipset Targeted at Set-Top Box, PCTV and iDTV Applications


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced the CX24230 digital video broadcasting-terrestrial (DVB-T) demodulator and CX24210 worldwide terrestrial and cable tuner. Together, these highly integrated devices form a complete high-performance, front-end solution for DVB-T set-top boxes (STBs), PC video capture cards, and integrated digital televisions (iDTVs)


"In the last several months, we've introduced a comprehensive set of high-performance products for satellite, cable, and terrestrial applications that enable our customers to meet next-generation system requirements, while reducing product development costs and schedules," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "In addition, these new solutions are synergistic with our comprehensive set-top box product portfolio. For example, our new DVB-T front-end chipset can be bundled with our MPEG products, allowing us to deliver end-to-end system solutions that address multiple terrestrial applications."

The CX24230 demodulator is a high-performance DVB-T demodulator with an internal microcontroller and memory. The firmware for the microcontroller is provided by Conexant, simplifying customer software development requirements. Performance-enhancing features include a 12-bit analog-to-digital converter, digital adjacent channel filtering, and an enhanced forward error correction architecture.

The flexible CX24210 tuner supports multiple worldwide digital and analog terrestrial standards including DVB-T, ATSC, PAL, NTSC and SECAM. The tuner also complies with global cable specifications including DOCSIS® 2.0, EuroDOCSIS, and DVB-cable (DVB-C).

The CX24210 was designed with overall system BOM in mind. Cost-saving features include:

Integrated voltage controlled oscillators, synthesizers, and loop-through circuitry
An internal adjustable band-pass filter that enables standard-specific optimization, eliminating the need for additional SAW filters
Requires only a single 3.3 volt power supply for operation
The high level of integration also allows product developers to replace traditional "can" tuners with a much smaller form-factor solution, providing them with greater design flexibility. In addition, the new tuner has been optimized to work with the company's recently announced CX2445X family of DOCSIS 2.0 front-end cable modem chips. The tuner can also be used with Conexant's CX2488X family of PCIe audio/video decoders to form a complete system solution for analog and digital PCTV applications.

A front-end reference design that includes the CX24230, the CX24210, and all required software is available now. In addition, complete evaluation systems that include the front-end chipset and Conexant's MPEG products are also offered. The reference design can be used to address applications ranging from basic MPEG-2 standard definition to dual high-definition MPEG-2/AVC/H.264/VC-1 PVR systems.

Conexant offers a comprehensive suite of digital set-top box components and system solutions for worldwide entertainment and broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS modems.

Availability, Packaging and Pricing

The CX24230 demodulator and CX24210 tuner are sampling now with volume production scheduled for September 2007. The demodulator is packaged in a 64-pin thin quad flat pack (TQFP), and the tuner is offered in a 48-pin quad flat no-lead (QFN) package. Together, the CX24230 and CX24210 are priced at $5.00 in quantities of 10,000.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug® and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded revenues of $970.8 million in fiscal year 2006. The company has approximately 3,200 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology, and the demands it may place on the time and attention of our management and the expense it may place on our company; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. DOCSIS is a trademark of Cable Television Laboratories, Inc. Other brands and names contained in this release are the property of their respective owners.



Contact:
Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

May have finally landed...bottom that is !
This one has been "Under Attack" via  the short sellers...
Shares Short's-May 40.6
Shares Short's-April 32.7
I used to like this company a lot.
Closed back above the 13-day MA, and the 50-day MA.

Recent CandleStick Analysis
Very Bullish
Jun-20-2007 Bullish Engulfing 
Jun-19-2007 Inverted Hammer 
Jun-18-2007 Bullish Harami 

Support @ $1.42...1.33...1.25
Resistance @ $1.60...1.75...1.80

52wk Range: 1.23 - 2.50
Volume: 26,887,430
Avg Vol (3m): 8,296,910

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
11.65%above 13-day MA
1.83%above 50-day MA
RS Rating: 8 

Fundamentals
Key Data:
Market Cap (M): $618.02 
P/E Ratio: NA 
PEG Ratio: -0.816667 
Next Earnings: 07/26/2007
Last Analyst Rating: Sell

Back above the 50-day MA.
13-day MA has crossed over the 50-day

Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes.

Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.

52wk Range: 1.23 - 2.36
Volume: 9,439,502
Avg Vol (3m): 8,863,910

Technicals
Most Actives

Last Price Quote is:
9.16%above 13-day MA
7.86%above 50-day MA
RS Rating: 20 

Fundamentals
Key Data:
Market Cap (M): $721.02 
P/E Ratio: NA 
PEG Ratio: -0.905555 
Next Earnings: 07/26/2007
Last Analyst Rating: Sell

The CNXT Threads in Previous 3SOF Picks
Have been merged.
Got the go ahead to do so from Ramsburg.
I will be working here on this board to merge other threads also.

I will leave you Friday's closing chart while I'm in this thread....... 

Good trading to all !   ;) ;D

Regards,
Your fellow trader @3SOF
setravis

Recovery... ???
Recovering nicely with good technical price/volume action. Some resistance between $1.6o and $1.80

52wk Range: 1.05 - 2.36
Volume: 30,258,099
Avg Vol (3m): 8,708,980

Technicals
Close Above the 50-day MA
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
13.74%above 13-day MA
5.37%above 50-day MA
RS Rating: 83 

Fundamentals
Analyst Upgrade to Sector Outperform

Key Data:
Market Cap (M): $549.51 
P/E Ratio: NA 
PEG Ratio: -0.384211 
Next Earnings: 10/25/2007
Last Analyst Rating: Sector Outperform

AP
Out of the Gate: Conexant Systems
Thursday September 6, 10:31 am ET 
Conexant Systems Shares Rise on CIBC Analyst Upgrade Citing Management Changes


NEW YORK (AP) -- Conexant Systems Inc., a maker of semiconductors used in broadband communications, rose in early trading Thursday after a CIBC World Markets Corp. analyst raised his rating on the stock, citing recent management changes and a low stock price.


Shares added 12 cents, or 10.5 percent, to $1.26.

Allan Mishan, in a client note, upgraded the stock to "Sector Outperformer" from "Sector Performer" with a $2 target price. The analyst noted shares fell recently -- the stock is down about 39 percent in the past six months.

The Newport Beach, Calif., company on Wednesday named Karen Roscher as chief financial officer, replacing J. Scott Blouin, who resigned to take another job.

"With a new CFO announced yesterday to join recently installed CEO Dan Artusi, we believe significant change including real restructuring is likely," wrote Mishan. Artusi became president and chief executive July 9.

A restructuring could generate cost savings of up to 10 percent to 15 percent, added Mishan.

Recovering...


52wk Range: 1.05 - 2.36
Volume: 9,461,910
Avg Vol (3m): 8,972,550

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
15.05%above 13-day MA
8.93%above 50-day MA
RS Rating: 90 

Fundamentals
Analyst Upgrade to Sector Outperform

Key Data:
Market Cap (M): $549.51 
P/E Ratio: NA 
PEG Ratio: -0.447368 
Next Earnings: 10/25/2007
Last Analyst Rating: Sector Outperform

This Analysis was requested a while ago in the «Analysis on Demand (http://www.3stocksonfire.org/trading/index.php?topic=10288.0)» thread, which is available only for 3SOF Premium Members (14-Day Free Trial (http://www.3stocksonfire.org/premium_service.php) available).



1. Profile

Conexant Systems, Inc. (CNXT) designs, develops, and sells semiconductor system solutions for broadband communications worldwide. It offers semiconductor devices, software, and reference designs for use in broadband communications applications that enable high-speed transmission, processing, and distribution of audio, video, voice, and data to homes and business enterprises. The company's broadband access products include digital subscriber line products comprising digital signal processors, network or communication processors, integrated software on silicon, analog front-end chips, line drivers, and reference design guides. Its broadband media processing products comprise various broadcast audio and video decoder and encoder devices, as well as front-end communications components that capture, display, storage, playback, and transfer of audio and video content in digital home and small office products, such as personal computers, television set-top boxes, gaming consoles, personal video recorders, and digital versatile disk applications. The company offers universal access products, including analog modem chipsets that connects users to the Internet through their desktop and notebook personal computers; and dial-up modem chipset, which include mixed-signal intensive, controllerless modem chipsets, and software modem solutions. Its wireless networking products comprise radio frequency transceivers, analog base-band integrated circuits, digital base-band and media access controller chips, and reference design guides. The company sells its semiconductor products and system solutions directly to original equipment manufacturers of communication electronics products; indirectly through electronic components distributors; and to third-party electronic manufacturing service providers. It operates in North America, South America, Europe, Africa, the Asia-Pacific region, and the Middle East. The company was founded in 1996 and is headquartered in Newport Beach, California.

2. Stock price history

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40301;image)

Nobody would thought, from just reading the profile of the company, that the chart since the IPO would look like the above.

I identify two major phases in CNXT, the run up of the technology bubble and the subsequent collapse. This is one of those stocks that never recovered ...

Fundamentally the company had $2.1 B in revenues in 2000 and just $970 M in 2006, so business declined over the years (even though it was up from a 2003 low of $599 M in revenues).

The company lost $2.4 B over the last five years, gee :o

2.1. Short term chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40302;image)

Phase 1 happened because CNXT posted three quarters in a row of positive EBITDA (starting in Q2 2006) and even managed to show a very small positive net income number in Q4 2006.

It looked like the company was turning profitable ... but this was a turnaround that failed and Q1 and Q2 in 2007 showed sharp losses, again. So the stock came off to where it was before the run up.

Analysts expect revenues to decline and more losses in 2007 and 2008:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40303;image)

And who am I to say it's going to be different? Or, putting it in another way, what do I know about the company that gives me confidence that analysts' negative outlook is wrong? I know nothing.

The stock recently got a boost because the company changed its CFO to one which previously worked with FSL, which was acquired by BlackStone, so I guess that fueled some speculation she'll come to work on a sale of the company. This is hardly a sound fundamental reason to start an advance phase.

3. Conclusion

CNXT is currently a $670 M market cap company which lost $2.4 B over the past five years. Revenues are expected to shrink after a rebound in 2005 and 2006, to about 35% of what they were back in 2000, so this company isn't able to grow.

Even if it somehow turns profitable, I believe its margins will always be slim.

I guess shappyfish88 owns the stock, or is interested in it, so I hope I'm wrong, but I don't see anything that attracts me in CNXT.


This Analysis was requested a while ago in the «Analysis on Demand (http://www.3stocksonfire.org/trading/index.php?topic=10288.0)» thread, which is available only for 3SOF Premium Members (14-Day Free Trial (http://www.3stocksonfire.org/premium_service.php) available).

Bought CNXT back in July @1.44 and has since fell down to 1.05 in Sep. now it's back up to 1.44 and hoping to see some good gains on it starting now if it can break a 6 month resistance of 1.55

Quote from: wrangler on October 14, 2007, 12:58:25 PM
Bought CNXT back in July @1.44 and has since fell down to 1.05 in Sep. now it's back up to 1.44 and hoping to see some good gains on it starting now if it can break a 6 month resistance of 1.55

Still holding and hoping for a good report next week for earnings. Chart is showing an uptrend forming and a good report will continue that trend.
Hope it will off the support it's now on and hold till report. If it can gain some good ground before earnings I'll probably get rid of it,,if not then I might hold till after earnings and hope for the best.

The following analysis was written on September 12th, 2007:

Quote from: sfhappyfish88 on September 10, 2007, 09:17:07 AM
CNXT please. Thanks.

1. Profile

Conexant Systems, Inc. (CNXT) designs, develops, and sells semiconductor system solutions for broadband communications worldwide. It offers semiconductor devices, software, and reference designs for use in broadband communications applications that enable high-speed transmission, processing, and distribution of audio, video, voice, and data to homes and business enterprises. The company's broadband access products include digital subscriber line products comprising digital signal processors, network or communication processors, integrated software on silicon, analog front-end chips, line drivers, and reference design guides. Its broadband media processing products comprise various broadcast audio and video decoder and encoder devices, as well as front-end communications components that capture, display, storage, playback, and transfer of audio and video content in digital home and small office products, such as personal computers, television set-top boxes, gaming consoles, personal video recorders, and digital versatile disk applications. The company offers universal access products, including analog modem chipsets that connects users to the Internet through their desktop and notebook personal computers; and dial-up modem chipset, which include mixed-signal intensive, controllerless modem chipsets, and software modem solutions. Its wireless networking products comprise radio frequency transceivers, analog base-band integrated circuits, digital base-band and media access controller chips, and reference design guides. The company sells its semiconductor products and system solutions directly to original equipment manufacturers of communication electronics products; indirectly through electronic components distributors; and to third-party electronic manufacturing service providers. It operates in North America, South America, Europe, Africa, the Asia-Pacific region, and the Middle East. The company was founded in 1996 and is headquartered in Newport Beach, California.

2. Stock price history

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40301;image)

Nobody would thought, from just reading the profile of the company, that the chart since the IPO would look like the above.

I identify two major phases in CNXT, the run up of the technology bubble and the subsequent collapse. This is one of those stocks that never recovered ...

Fundamentally the company had $2.1 B in revenues in 2000 and just $970 M in 2006, so business declined over the years (even though it was up from a 2003 low of $599 M in revenues).

The company lost $2.4 B over the last five years, gee :o

2.1. Short term chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40302;image)

Phase 1 happened because CNXT posted three quarters in a row of positive EBITDA (starting in Q2 2006) and even managed to show a very small positive net income number in Q4 2006.

It looked like the company was turning profitable ... but this was a turnaround that failed and Q1 and Q2 in 2007 showed sharp losses, again. So the stock came off to where it was before the run up.

Analysts expect revenues to decline and more losses in 2007 and 2008:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40303;image)

And who am I to say it's going to be different? Or, putting it in another way, what do I know about the company that gives me confidence that analysts' negative outlook is wrong? I know nothing.

The stock recently got a boost because the company changed its CFO to one which previously worked with FSL, which was acquired by BlackStone, so I guess that fueled some speculation she'll come to work on a sale of the company. This is hardly a sound fundamental reason to start an advance phase.

3. Conclusion

CNXT is currently a $670 M market cap company which lost $2.4 B over the past five years. Revenues are expected to shrink after a rebound in 2005 and 2006, to about 35% of what they were back in 2000, so this company isn't able to grow.

Even if it somehow turns profitable, I believe its margins will always be slim.

I guess shappyfish88 owns the stock, or is interested in it, so I hope I'm wrong, but I don't see anything that attracts me in CNXT.

Tomorrow I'll write about DUK on soxguy's request.

• Conexant Systems Inc. Earnings Call scheduled for Thu, Jan 24,2008

NEWPORT BEACH, Calif., Jan 07, 2008 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade) plans to release its first fiscal quarter results on Thursday, Jan. 24, 2008. Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place that day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time. Dan Artusi, president and chief executive officer, and Karen Roscher, senior vice president and chief financial officer, will discuss first fiscal quarter financial results and the company's outlook.

To listen to the conference call via telephone, dial 866-650-4882 (in the US and Canada) or 706-679-7338 (from other international locations); security code: Conexant. To listen via the Internet, visit the Investor Relations section of Conexant's Web site at www.conexant.com/ir. Playback of the conference call will be available shortly after the call concludes and will be accessible on Conexant's Web site at www.conexant.com/ir or by calling 800-642-1687 (in the US and Canada) or 706-645-9291 (from other international locations); pass code: 30394628.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company's comprehensive portfolio includes products for broadband access and media processing applications. Conexant is a fabless semiconductor company that recorded revenues of $809 million in fiscal year 2007. The company is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.


Catching a bounce here.......

52wk Range: 0.56 - 2.13
Volume: 9,833,951
Avg Vol (3m): 7,235,620

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
-7.00%below 13-day MA
-29.58%below 50-day MA
RS Rating: 5 

Fundamentals
Earnings Expected on Jan 24

Key Data:
Market Cap (M): $344.65 
P/E Ratio: NA 
PEG Ratio: -0.59 
Next Earnings: 01/24/2008
Last Analyst Rating: Hold

A closer look at the daily chart it displays a downtrend line broken to the upside with a respectable volume. From here we can expect a run to the $0.57 area and from there we could see an explosive upsurge to $0.78 and better. Stay tuned.

(http://bp1.blogger.com/_FFBmO7KOFXo/R-LOgH7B57I/AAAAAAAACzg/F3LcuSXFitk/s1600/sc.JPG)

Miguel007...

"CNXT" 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.     8) 
Thank You....and good luck with all your trades....make some $$$    ;D ;)         

Quote3. Conclusion

CNXT is currently a $670 M market cap company which lost $2.4 B over the past five years. Revenues are expected to shrink after a rebound in 2005 and 2006, to about 35% of what they were back in 2000, so this company isn't able to grow.

Even if it somehow turns profitable, I believe its margins will always be slim.

I guess shappyfish88 owns the stock, or is interested in it, so I hope I'm wrong, but I don't see anything that attracts me in CNXT.

CNXT went down to a low of $0.35. Now there's this rebound ... but the trend remains bearish.

Conexant Shares Rise on Q3 Earnings Report
and Increased Q4 Guidance

Shares of Conexant Systems Inc. (CNXT) were higher on Friday after the Company announced financial
results for the third quarter of fiscal 2008 that exceeded the Company's expectations entering the quarter.
Excluding results from discontinued operations related to the BMP business, Conexant's core net revenues
for the third quarter of fiscal 2008 were $115.6 million. Core gross margins were 50.6 percent of revenues.
Core operating expenses were $46.0 million, and core operating income was $12.5 million. Core net income
was $6.0 million, or $0.12 per diluted share. That beat analysts' projection of a loss of $0.08 per share and
lsst year's loss of $0.06 per share. The Company now expects revenues for the fourth fiscal quarter to be in
a range between $120 million and $125 million, up $5 million from previous guidance. The Company anticipates
fourth fiscal quarter core operating income in a range between $14 million and $16 million, resulting in
core net income of $0.13 to $0.17 per share. Previously, the Company expected core net income of $0.08
to $0.12 per share. Scott Mercer, Conexant's CEO, commented in a conference call, "In Q3, we met or exceeded
our expectations on every major financial performance metric. We also introduced innovative new
products that targeted high-growth market segments. Our strategy is to focus investments on opportunities
in market segments where we lead, or have the opportunity to lead, and establish a long term sustainable
capital structure."

Use to be one of my favorites !
Been on a big downtrend for the last 4 year more or less...
Got a pop today, may be time for me to watch err...


52wk Range: 0.26 - 6.60
Volume: 1,636,031
Avg Vol (3m): 227,594

Technicals
Percentage Gainer

Last Price Quote is:
73.94%above 13-day MA
80.72%above 50-day MA
RS Rating: 93 

Fundamentals
Earnings Expected on Apr 30

Key Data:
Market Cap (M): $35.33 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 04/30/2009
Last Analyst Rating: Hold

CNXT popped up on my radar.

The reason behind this surge:
Conexant Systems Inc. Earnings Call scheduled for Thu, Apr 30 (http://biz.yahoo.com/cc/6/103006.html)

I'm keeping an eye out for it.

Quote from: Livana on April 20, 2009, 02:30:05 PM
CNXT popped up on my radar.

The reason behind this surge:
Conexant Systems Inc. Earnings Call scheduled for Thu, Apr 30 (http://biz.yahoo.com/cc/6/103006.html)

I'm keeping an eye out for it.

There you go, that's what I like to hear.
Can't get anyone to talk around here anymore...I feel alone ! :(
Livana...Applaud for the reply! ;) ;D

So sorry to hear you feel alone set'!  I know there are a lot of people out there. Reading a lot, contributing little. :-\  I know, I do that too.

I passed on CNXT, had an order for DPTR at 2.43 (low hit 2.50).  Oh well!  I'm on to INSM now. Can't cry over spilled milk they say   :D ;)

Conexant Enters Growing 'Connected' Photo Frame Segment with New Semiconductor Solution
Press Release
Source: Conexant Systems, Inc.
On Tuesday June 30, 2009, 8:00 am E

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Conexant Systems, Inc. (NASDAQ: CNXT - News), a leading supplier of innovative semiconductor solutions for imaging, audio, video and Internet connectivity applications, today announced the first in a planned series of new system-on-chip (SoC) solutions targeted at the growing market for "connected" digital photo frames and interactive display appliances (IDAs). These products integrate Internet connectivity and touch-screen technology. The high-performance CX92735 supports advanced features including streaming media content, MP3 audio playback with slideshow functionality, and Wi-Fi®, Bluetooth®, and Ethernet connectivity.

"Conexant is a leading provider of solutions for multifunction printers and facsimile applications, and we have applied our proficiency in imaging technologies to deliver a new system-on-chip that allows us to expand into the growing, adjacent connected photo frame segment," said Christian Scherp, president of Conexant. "We have extensive expertise in analog and mixed-signal design, firmware and software development, and in-depth applications knowledge. We will continue to leverage these strengths to capitalize on growth opportunities in the areas we address, and provide our customers with innovative solutions that contribute to their success."

Connected frames and IDAs are offered in a wide variety of form-factors including speakerphones, VoIP phones, and digital photo frames. They can be used in a broad range of video, audio, telephony, and digital signage applications. For example, connected frames can be used within the home to send or receive text messages, make hands-free VoIP phone calls, and access and view information such as news, recipes, weather, and traffic reports from the Internet. Additional applications include interactive kiosks, point-of-sale terminals, baby monitors, and home automation, security, and monitoring systems. In addition, wireless operators are beginning to allow subscribers to use connected frames to receive data over the cellular network.

About the CX92735

"Our advanced imaging system-on-chip solution sets a new benchmark in terms of performance," said Bernd Lienhard, senior vice president and general manager of Conexant's Imaging and PC Media business. "In addition, the high level of integration allows our customers to quickly and cost-effectively develop a wide range of feature-rich connected frames and interactive display appliances using a single semiconductor solution."

The CX92735 includes an integrated ARM9 processor with a vector floating point unit and a dedicated image processor, which simultaneously processes streamed content to maximize system performance. The device also features a high-speed double data rate memory (DDR2) interface and large data cache to further improve processing performance. The CX92735 is compliant with industry-standard video and audio formats including MPEG-4 and MP3. It is packaged in a 289-pin ball grid array. Additional features include:


•High-resolution LCD controller: Supports high-definition resolution and key digital audio/video interfaces.
•Two universal serial bus (USB) 2.0 host controllers: Enables high-speed, bidirectional data transfers.
•Robust, integrated memory card interface: Supports major card types and secure digital input output (SDIO) expansion options, providing manufacturers with increased design flexibility.
•Linux® and ThreadX® operating systems support.

A complete hardware, firmware, and software development kit, which allows manufacturers to reduce product development costs and deliver products to market more quickly, is also available.

In addition to high-performance system solutions for connected frames and IDAs, Conexant's comprehensive imaging portfolio includes highly integrated MFP SoCs for inkjet, laser, and photo printers. The company also offers SoCs and datapumps for facsimile applications.

About Conexant

Conexant's comprehensive portfolio of innovative semiconductor solutions includes products for imaging, video, audio, and Internet connectivity applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5996982&lang=en


MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5996982

Contact:
Editorial ContactConexant Systems, Inc.Gwen Carlson, 949-483-7363

50-day MA crosses 200-day MA - BULLISH for CNXT
The Golden Cross !
The next leg up is underway right now...
Everything is lining up nicely.
Added to Russell Microcap
Added to 5 Star Stocks in Motley Fool
Pre announced good upcoming earnings

52wk Range: 0.26 - 6.48
Volume: 960,855
Avg Vol (3m): 523,162

Technicals
MACD - Bullish
Percentage Gainer

Last Price Quote is:
14.82%above 13-day MA
22.25%above 50-day MA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $64.71 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 07/23/2009
Last Analyst Rating: Hold

Quote from: setravis on June 30, 2009, 09:10:20 PM
50-day MA crosses 200-day MA - BULLISH for CNXT
The Golden Cross !
The next leg up is underway right now...
Everything is lining up nicely.
Added to Russell Microcap
Added to 5 Star Stocks in Motley Fool
Pre announced good upcoming earnings

updated chart scene...

52wk Range: 0.26 - 6.48
Volume: 1,147,518
Avg Vol (3m): 504,457

Technicals
Percentage Gainer

Last Price Quote is:
40.93%above 13-day MA
63.20%above 50-day MA
RS Rating: 84 

Fundamentals
Key Data:
Market Cap (M): $74.67 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 10/22/2009
Last Analyst Rating: Hold

4:33PM Conexant reports Q1 EPS of $0.17 vs $0.11 consensus, revs rose 10% YoY to $61.8 mln vs $60.1 mln two analyst est (CNXT) 2.85 -0.05 : Conexant expects revenues for the second quarter of fiscal 2010 to be $60 to $61 mln vs $54.9 two analyst est. Core gross margins are expected to be about 61% of revenues. The company anticipates that core operating expenses will be approximately $25 million. As a result, the company expects that second fiscal quarter core operating income will range between $11.6 and $12.5 mln, with core net income of $0.13 to $0.14 per share vs $0.08 consensus

UPDATE 1-Conexant profit tops Street; sees strong Q2

* Q1 adj EPS $0.17 vs est $0.11

* Q1 rev $61.8 mln vs est $60.1 mln

* Sees Q2 EPS of $0.13 to $0.14 vs. est. $0.08

* Shares up 13 pct after the bell

Jan 21 (Reuters) - Communications and network chipmaker Conexant Systems Inc (CNXT.O) posted first-quarter earnings that beat market estimates, helped by lower operating expenses, and forecast a strong second quarter, sending its shares up 13 percent in after-hours trade.

For the second quarter, the company projected core earnings of 13 cents to 14 cents a share on revenue of $60 million to $61 million.

Analysts on average were looking for a profit of 8 cents a share on revenue of $54.9 million, according to Thomson Reuters I/B/E/S.

Net income for the first quarter was $8.3 million, or 14 cents a share, compared with a loss of $21 million, or 42 cents a share, last year.

Excluding items, the company posted core earnings of 17 cents a share, topping analysts estimates of 11 cents a share. Revenue rose about 8 percent to $61.8 million, surpassing market estimates of $60.1 million. First quarter core gross margin of 61 percent was better than expected, Conexant said in a statement.

Shares of the Newport Beach, California-based company were up 13 percent at $3.32 in extended trade. They closed at $2.95 Thursday on Nasdaq.

Up nicely in the after hours...

Conexant Systems, Inc.(NasdaqGS: CNXT)
After Hours: 3.42  0.47 (15.93%) 7:47pm ET


52wk Range: 0.26 - 3.95
Volume: 1,474,324
Avg Vol (3m): 1,159,700

Technicals
Last Price Quote is:
6.99%above 13-day MA
16.11%above 50-day MA
RS Rating: 42 

Fundamentals
Earnings Expected on Jan 21

Key Data:
Market Cap (M): $168.05 
P/E Ratio: NA 
PEG Ratio: 0.46 
Next Earnings: 04/22/2010
Last Analyst Rating: Outperform

Conexant shares rise after 1Q profit tops Street
Shares of Conexant Systems rise after 1st-quarter profit, forecast beat expectations.

NEWPORT BEACH, Calif. (AP) -- Shares of Conexant Systems Inc. jumped Friday after the chip maker's fiscal first-quarter earnings and outlook topped expectations.

After the close of trading Thursday, Conexant said sales during the quarter were better than expected and lower costs helped boost profit margins.

The company's stock climbed 32 cents, or 11 percent, to $3.27 in morning trading.

Conexant said it earned $8.3 million, or 14 cents per share, in the three months ended Jan. 1, reversing a year-earlier loss of $21 million, or 42 cents per share.

Excluding one-time charges related to restructuring, the company said it earned 17 cents per share. Revenue climbed 7 percent $61.8 million.

On average, analysts expected 11 cents per share and revenue of $60.1 million, according to a Thomson Reuters poll.

Conexant's forecast for the quarter ending in March also surpassed Wall Street expectations. It projects adjusted earnings of 13 cents to 14 cents per share on revenue of $60 million to $61 million.

Analysts were looking for 8 cents per share.

Emerging Stock Report Initiates Independent Research Coverage on Conexant Systems, Inc.

Press Release Source: Emerging Stock Report On Monday January 25, 2010, 9:00 am EST

CALGARY, Alberta, Jan. 25, 2010 (GLOBE NEWSWIRE) -- Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Conexant Systems, Inc. (Nasdaq:CNXT - News) . Emerging Stock Report is currently offering a complimentary trial subscription to the investment community.



To view the Report in its entirety visit: http://www.emergingstockreport.com



To get our alerts AHEAD of the market follow us on Twitter: http://twitter.com/EmergingStockRe



About ESR :



Emerging Stock Report is a leading provider of independent investment research for North American companies. Our services include research analysis on emerging growth companies, sector specific research, real-time news and financial data, market commentary and the ESR newsletter. Emerging Stock Report's staff of investment professionals are dedicated to providing the tools and resources necessary to help make important investment decisions. To view our research reports on a complimentary trial basis and take advantage of our other services, visit http://www.emergingstockreport.com and click on the complimentary trial subscription button on our home page, or go directly to our registration page at http://emergingstockreport.com/register.php



About Conexant Systems, Inc. (Nasdaq:CNXT - News)



Conexant Systems, Inc. (Nasdaq:CNXT - News) has a comprehensive portfolio of innovative semiconductor solutions including products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. For more information, visit www.conexant.com.

ESR Disclosure :



Emerging Stock Report is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. Emerging Stock Report has not been compensated by any of the above mentioned companies. Please read our report and visit our Web site, http://www.EmergingStockReport.com, for complete risks and disclosures.



Contact:
Emerging Stock ReportDylan [email protected]

Conexant Exceeds Guidance for First Quarter of Fiscal...  by Business Wire  Jan 21 2010 4:30PM 

52wk Range: 0.26 - 4.22
Volume: 10,931,987
Avg Vol (3m): 1,339,890
Market Cap: 252.69M
P/E (ttm): 9.17
EPS (ttm): 0.46
Div & Yield: N/A (N/A)

Technicals
Record Volume... ;D
Most Actives
Percentage Gainer... ;)

Last Price Quote is:
45.18%above 13-day MA
62.09%above 50-day MA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $210.95 
P/E Ratio: NA 
PEG Ratio: 0.55 
Next Earnings: 04/22/2010
Last Analyst Rating: Outperform

The run up...
The 1 year chart

Looking good!  ;)

CNXT  Conexant to Announce Q4FY10 Financial Results on Oct....

NEWPORT BEACH, Calif., Oct 11, 2010 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, plans to release its fourth fiscal quarter 2010 financial results and provide the company's outlook for the first fiscal quarter of 2011 on Thursday, Oct. 28, 2010. Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place that day at 5:00 p.m. Eastern Time (ET) / 2:00 p.m. Pacific Time (PT).

Fourth Fiscal Quarter 2010 Conference Call Information: Date: Thursday, Oct. 28, 2010 Time: 5:00 p.m. ET / 2:00 p.m. PT U.S./Canada Conference Call Number: (866) 650-4882 International Callers: (706) 679-7338 Participant Passcode: Conexant Conference ID Number: 16690377

To listen via the Internet, visit the Investor Relations section of Conexant's Web site at http://ir.conexant.com . Shortly after the call concludes, a playback of the call will be accessible on Conexant's Web site at http://ir.conexant.com or by calling (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (other international locations); conference ID: 16690377.

About Conexant

Conexant's comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com .

SOURCE: Conexant Systems, Inc.


Conexant Systems, Inc.
Editorial Contact:
Gwen Carlson, 949-483-7363
or
Investor Relations Contact:
Scott Allen, 949-483-2698

CNXT  Conexant Unveils Low-Power Audio Codec for Consumer... 

NEWPORT BEACH, Calif., Oct 18, 2010 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade ), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, today introduced a new power-efficient stereo audio codec targeted at consumer electronics products including mobile Internet devices, smartbooks, and Web tablets. The low-power CX20745 codec is the first in a family of high-performance audio solutions for compact mobile devices. It is shipping to customers in sample quantities now. To reduce engineering costs and product-development cycles, a complete evaluation kit (EVK) based on the new audio codec is also available.

"Our new solution integrates key technical features that significantly improve audio quality in mobile devices, while delivering the low-power consumption required for battery-operated consumer electronics products," said Phil Pompa, senior vice president of product marketing for Conexant. "We will continue to leverage our extensive expertise in audio and voice DSP algorithms to further improve the listening experience of consumers globally."

The CX20745 integrates a power-efficient Stereo Class-D amplifier capable of driving up to two milliwatts per channel to boost audio performance. The codec supports Open Mobile Terminal Platform (OMTP) headset input/output with command-sensing functionality, and digital and analog microphone inputs. OMTP is an industry forum that drives technical requirements to ensure consistent and secure implementations in mobile terminals.

The new audio solution features a CPU resource-friendly hardware equalizer to maximize application performance. Additional features include dynamic range and microphone automatic gain control to enable "far-field" audio pick-up by broadening the sound-capture radius. The CX20745 also has a high-performance multi-bit digital/analog and analog/digital converter, and supports differential internal signaling to enhance audio fidelity. To further improve performance, the codec uses direct current cancellation to eliminate audio "pops" that often occur during power-state transitions (e.g. turning a device on or off). The CX20745 supports an industrial temperature range of -40 to 85 degrees centigrade.

Conexant's innovative audio product portfolio includes highly integrated speakers-on-a-chip solutions and high-definition (HD) audio codecs for a broad range of products including PC peripheral sound systems, speakers, notebook docking stations, headsets, voice-over-IP speakerphones, and intercoms. The company also offers HD audio solutions for personal computers.

Availability, Pricing, and Packaging

Production quantities of the CX20745 will be available in February 2011. The audio codec is priced at $1.40 each in quantities of 10K, and the evaluation kit is available to qualified customers for $199.

The CX20745 is offered in a 48-pin quad flat no-lead (QFN) package, which provides several benefits including reduced lead inductance, a thin profile, a small footprint, and low weight. The QFN package is manufactured using environmentally friendly RoHS- and green-compliant materials.

About Conexant

Conexant's comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com .

SOURCE: Conexant Systems, Inc.


Conexant Systems, Inc.
Gwen Carlson, 949-483-7363

CNXT  Conexant Introduces MFP Controller With Integrated V.34... 

NEWPORT BEACH, Calif., Oct 26, 2010 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, today introduced a new highly integrated system-on-chip (SoC) controller for consumer 4-in-1 color inkjet and monochrome laser multifunction printers (MFPs) with printing, copying, scanning, and faxing capabilities. The CX92135 integrates the company's market-leading V.34 software fax modem, which eliminates the need for an external modem chip and lowers bill-of-material (BOM) costs. An integrated scanner analog front-end further reduces BOM component count and system costs. Additional features include Conexant's proprietary hardware image pipeline architecture, which improves MFP system performance and enables industry-leading image quality. This also ensures firmware-compatibility with Conexant's previous generation MFP solutions. The CX92135 is available in production quantities now.

"We are committed to providing our customers with additional value by driving higher levels of integration and functionality in our solutions," said Phil Pompa, senior vice president of product marketing for Conexant. "Our new product reflects this commitment by providing customers with our proven fax modem technology at a lower cost. We will continue to apply our core expertise in imaging and facsimile technologies to strengthen our MFP portfolio with competitive, high-performance printing solutions."

Conexant has shipped more than 300 million fax modems to customers globally, more than any other company.

The CX92135 is based on a high-performance ARM 32-bit core with an integrated memory management unit (MMU) that delivers the processing power required for high-speed imaging applications. The new SoC supports Wi-Fi(R), Bluetooth(R), and Ethernet connectivity, and includes an integrated camera card, one USB 2.0 device port and host port, and a synchronous serial peripheral bus. These features allow users to easily download and print photos or documents stored on cameras and flash drives. The CX92135 also has an integrated low voltage differential signal (LVDS) interface to support the newest generation of printer engines and LCD displays.

The highly integrated MFP SoC includes an embedded memory card controller, LCD controller, and support for touch-screen functionality. In addition to the integrated V.34 fax modem, the CX92135 features Conexant's proprietary SmartDAA solution. This technology allows manufacturers to program the integrated modem for use in virtually any geography, eliminating the need for multiple country-specific SKUs.

Conexant's comprehensive imaging product portfolio includes highly integrated MFP SoCs for inkjet, laser, and photo printers. The company also offers fax SoCs and datapump solutions, and high-performance system solutions for "connected" frames and interactive display devices.

Packaging and Pricing

The CX92135 is packaged in a Green/RoHS compliant, low profile 14x14 mm 289 pin, fine pitch ball grid array. It is priced at $10 each in quantities of 10K. A complete hardware and software development kit is also available.

About Conexant

Conexant's comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com .

SOURCE: Conexant Systems, Inc.


Conexant Systems, Inc.
Gwen Carlson, 949-483-7363
----------------------------------------------------------------------------------------------------------

Technicals
Stochastic - Bullish

Last Price Quote is:
3.15%above 13-day EMA
2.79%above 50-day EMA
RS Rating: 8 

Conexant Introduces Single-Chip Solution for Interactive...


NEWPORT BEACH, Calif., Dec 06, 2010 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, today introduced the CX92745 processor for interactive display appliances (IDAs) with audio, high-performance video, and touchscreen functionality. IDAs are used as home Web terminals, interactive signage and kiosks, and in home automation and touchscreen-enabled multimedia applications. The highly integrated, single-chip solution allows manufacturers to simplify engineering design efforts and lower bill-of-material costs.

"We leveraged our strengths in mixed-signal and imaging processing to deliver a single-chip solution that enables very high-quality audio and video performance in multimedia display devices," said Sailesh Chittipeddi, Conexant president and chief operating officer. "Our new processor also has a feature-set that allows our customers to develop differentiated display appliances using a common silicon platform, which reduces engineering costs and product-development cycles."

About the CX92745

The CX92745 display, media, and image processor includes Conexant's proprietary image processing pipeline, a high-performance HD video hardware engine, a graphics processing unit, and a powerful microprocessor to provide high-speed, high-quality photo rendering and multimedia processing. The new system-on-chip (SoC) solution also includes an integrated Class-D amplifier to maximize audio performance and power-efficiency, and an internal power supply controller to lower bill-of-material costs. The CX92745 also includes support for Wi-Fi(R), 3G cellular, Bluetooth(R), and Ethernet connectivity.

The new processor is based on an ARM RISC processor to support high-performance embedded applications design. The CX92745 also includes an integrated ARM vector floating point unit, large internal caches, and high-speed DDR2 memory to maximize multimedia and graphics processing capabilities. Additional features include a programmable LCD interface for analog and digital displays, and a touchscreen controller to enable low-cost, advanced capacitive touchscreen functionality. The processor also includes integrated USB 2.0 host and device ports, which enable high-speed, bi-directional data transfers and connections to USB peripherals. In addition, the processor integrates a BT.656-compatible video-in port to support camera and video peripheral interfaces.

In addition to high-performance system solutions for interactive display devices, Conexant's imaging portfolio includes highly integrated MFP SoCs for inkjet, laser, photo, and label printers. The company also offers fax SoCs and datapump solutions.

Availability, Packaging and Pricing

The CX92745 is sampling now, with volume production slated for January 2011. Evaluation kits and reference designs based on the new SoC solution will be provided to qualified customers at no cost. The processor is packaged in an environmentally friendly, RoHS/Green-compliant 400-pin fine-pitch ball grid array and priced at $9.00 each in production quantities.

About Conexant

Conexant's comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com .

SOURCE: Conexant Systems, Inc.


Editorial Contact:
Conexant Systems, Inc.
Gwen Carlson
949-483-7363

CNXT  Conexant to Present at 13th Annual Needham Growth Stock... 

NEWPORT BEACH, Calif., Dec 09, 2010 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade ), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, today announced that Scott Mercer, company chairman and chief executive officer, will present at the 13th Annual Needham Growth Stock Conference on January 12, 2011 at 1:30 p.m. Eastern time at the New York Palace Hotel in New York, NY. A link to the live Webcast will be posted on the Investor Relations section of Conexant's Web site at http://ir.conexant.com prior to the presentation.

About Conexant

Conexant's comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com .

SOURCE: Conexant Systems, Inc.


Editorial Contact:
Conexant Systems, Inc.
Gwen Carlson
949-483-7363
or
Investor Relations Contact:
Conexant Systems, Inc.
Scott Allen
949-483-2698


Day's Range: 1.63 - 1.75
52wk Range: 1.39 - 5.17
Volume: 4,506,485
Avg Vol (3m): 1,061,590
Market Cap: 139.51M
P/E (ttm): 6.18
EPS (ttm): 0.28
Div & Yield: N/A (N/A)

Technicals
Percentage Gainer
Last Price Quote is:
15.74%above 13-day EMA
11.45%above 50-day EMA
RS Rating: 67 

Conexant Systems' Management Creating Value...
Conexant Systems made more than its cost of capital this past year, creating shareholder value with an EVA momentum of 45.7%, placing it in the 95th percentile of all semiconductor companies. Remarkably, all of these companies made more than their cost of capital, creating shareholder value. Hopefully, they can keep this positive momentum going forward.