3SOF

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....
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.