3SOF

Quote from: la-onda on September 07, 2006, 04:15:42 AM
stopped out with 10% loss   

Komag Drops On Weak Demand Outlook
Mary Crane, 09.06.06, 3:56 PM ET

Shares Komag were down more than 13% Wednesday after the disk-drive technology company lowered its third-quarter guidance on slower-than-expected demand and easing supply constraints.

In an 8-K filing with the U.S. Securities and Exchange Commission, Komag said it expects sequential revenue growth of 3% and net margins to be around 14% to 16%.

Komag had previously said it expects 5% growth and margins in the range of 16% to 17%.

"Current quarter-to-date demand has been slower than the normal seasonal pattern," Komag management said. "As a result, total shipments and financial results for the third quarter will be dependent upon the remainder of the quarter."

The announcement warranted a rating change from Bear Stearns to "peer perform" from "outperform." Analyst Andrew J. Neff said Komag's filing signaled a "worrisome change in tone" at the company and could be interpreted as a negative sign for hard-disk drive vendors like Seagate Technology or Western Digital, which are sensitive to capacity trends.

Caris & Co. analyst Shebly Seyrafi said increased competitive pressures, increasing capital expenditures, and declining capacity utilization will further erode Komag's margins.

The analyst lowered the price target on Komag to $35 from $40 and advised investors to avoid buying the stock.

Will KOMG be again part of the 3SoF Value Portfolio?

Will this thread be merged with the other one ?

Any comments on Q3 revenue?

please check October presentation:[/b]
http://www.komag.com/investors/presentations/KOMG3Q06_Oct06.pdf

cheers
O.

KOMG has fallen on good earnings, but weak outlook.

But the fundamentals  is still very strong.

FYI

http://www.thestreet.com/_yahoo/newsanalysis/investing/10334805.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

fyi:
Komag initiated with "neutral"
Monday, January 22, 2007 1:50:44 AM ET
Banc of America

NEW YORK, January 22 (newratings.com) - Analysts at Banc of America Securities initiate coverage of Komag Inc (KOMG.NAS) with a "neutral" rating. The target price is set to $40.

In a research note published on January 19, the analysts mention that the company is likely to report its latest quarter results in-line with expectations. Komag is not well positioned for the shift from desktop PCs to notebooks, the analysts say. The company is expected to generate its 4Q06 and 2007 revenues and EPS broadly in-line with the consensus, Banc of America Securities adds.

Hi Michael,
whats up with KOMG?

please check March presentation:
http://www.komag.com/investors/presentations/KOMG4Q06_Mar07.pdf

Analyst update:
1)
Komag "neutral," target price reduced
Thursday, February 08, 2007 3:26:10 AM ET
Goldman Sachs
NEW YORK, February 8 (newratings.com) - In a research note published yesterday, analysts at Goldman Sachs reiterate their "neutral" rating on Komag Inc (KOMG.NAS). The target price has been reduced from $37 to $31.

2)
Komag upgraded to "neutral"
Thursday, March 01, 2007 3:50:12 AM ET
American Technology Research
NEW YORK, March 1 (newratings.com) - Analysts at American Technology Research upgrade Komag Inc (KOMG.NAS) from "sell" to "neutral."

3)
Komag "average," target price reduced
Wednesday, March 21, 2007 1:49:48 AM ET
Caris & Company
NEW YORK, March 21 (newratings.com) - In a research note published yesterday, analysts at Caris & Company reiterate their "average" rating on Komag Inc (KOMG.NAS). The target price has been reduced from $35 to $31.

4)
Komag "outperform"
Friday, March 23, 2007 1:00:15 PM ET
Robert W. Baird
NEW YORK, March 23 (newratings.com) - In a research note published yesterday, analysts at Robert W Baird maintain their "outperform" rating on Komag Incorporated (KOMG.NAS). The target price is set to $44.

cheers from SG
O.

KOMG update:

Komag "outperform," target price reduced
Wednesday, April 18, 2007 11:37:53 AM ET
Robert W. Baird
NEW YORK, April 18 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Komag Incorporated (KOMG.NAS), while reducing their estimates for the company. The target price has been reduced from $44 to $39.
In a research note published this morning, the analysts mention that given the high elasticity of demand for hard drives, the company might benefit in 2007 from an aggressive OEM pricing scenario. The current rating reflects Komag's robust industry position, several growth drivers and the prospects for significantly improved results in 2H, the analysts say. The EPS estimate for 2007 has been reduced from $4.00 to $3.90 to reflect the modest unit softness in desktop.