3SOF

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!   

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!! 

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!! 

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

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.



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.