TTMI - Sector: Technology - Industry: Electronic Instr. & Controls

[setravis]

Small Caps Wave Systems, Biodel: Small-Cap Winners
01/13/11 - 12:37 PM EST

NEW YORK (TheStreet) -- Shares of biotech company Biodel(BIOD) were topping the small-cap space on Thursday, jumping 27% to $2.49.
Biodel, a development stage biopharmaceutical company is focused on the diabetes market. The company will be presenting an update at the J.P.Morgan Heatlhcare Conference at 9:30 a.m PST. The update will include information about the development of new follow-on formulations of its lead product, Linjeta including milestones and timelines, according to its press release.
Nearly 5 million shares were changing hands on Thursday afternoon against an average trading volume of 900,000.

Wave Systems(WAVX) was also riding on heavy volumes, soaring 14% to $5.03. Over 4 million shares were changing hands on Thursday. The Obama Administration is working on a cybersecurity ID program that would allow users to log onto different sites without having to remember different passwords for each one. That has led to a pop in the shares of Wave Systems, which offers software that enables hardware encryption and the ability to do away with multiple passwords

Canada'sEXFO (EXFO) which provides services for the telecommunications industry, was soaring after it reported higher-than-expected profits .
The company earned $14.1 million, or 23 cents a share, for the three months ended Nov. 30 with total sales rising almost 50% year-over-year to $67.6 million. EXFO's outlook called for
earnings of 17 to 21 cents a share and sales ranging from $61 million to $66 million. Earnings growth was helped by the sale of the Life Sciences and Industrial Division for $23 million in cash.
EXFO forecast earnings of 3 to 7 cents a share and sales of between $70 million and $75 million. Shares were gaining 21% to $9.14 on volume of over 2 million on Thursday's trading, much higher than its average trading volume of 28,000.

Other stocks rising on higher volumes include TTM Technologies(TTMI), Peregrine Pharmaceuticals(PPHM) and China Media Express(CCME).


Among the losers, SemiLEDS(LEDS) was shedding about a third of its value Thursday after it issued a weak revenue outlook for the next quarter. The LED market player went public in December and has risen 25% since its IPO.
Shares of Canadian communications equipment maker DragonWave (DRWI) tumbled 16% to $8.75 after it reported a loss for the latest quarter and forecast a steeper sequential drop on the topline.
 

[setravis]

Profile: 

TTM Technologies Inc.
2630 South Harbor Boulevard
Santa Ana, CA 92704
United States - Map
Phone: 714-241-0303
Fax: 714-241-0708
Website: http://www.ttmtechnologies.com

Details   
Index Membership: S&P 600 SmallCap
S&P 1500 Super Comp
Sector: Technology
Industry: Printed Circuit Boards
Full Time Employees: 3,037


Business Summary   

TTM Technologies, Inc. manufactures printed circuit boards, and provides backplane and sub-system assembly services in the United States and internationally. It serves commercial markets, as well as aerospace/defense markets, including the networking/communications infrastructure, computing, defense, and industrial/medical markets. The company’s customers include original equipment manufacturers, electronic manufacturing services providers, and aerospace/defense companies. TTM Technologies, Inc. was founded in 1978 and is based in Santa Ana, California.


Business Overview

BRIEF: For the nine months ended 27 September 2010, TTM Technologies Inc.'s revenues increased 86% to $806.3M. Net income totaled $38.5M, up from $2.5M. Revenues reflect the presence of income from Asia Pacific region of Geographic segment. Net income also reflects by a decrease in restructuring charges, lower impairment of long lived assets, an increase in interest income and a rise in other, net. http://www.ttmtech.com

[setravis]

TTMI  TTM Technologies, Inc. Raises Fourth Quarter Outlook...  by GlobeNewswire  Jan 13 2011 7:00AM


Day's Range: 15.50 - 17.84
52wk Range: 8.04 - 17.84
Volume: 3,261,707
Avg Vol (3m): 551,702
Market Cap: 1.42B
P/E (ttm): 26.88
EPS (ttm): 0.66
Div & Yield: N/A (N/A)


Technicals
Gap Up
Percentage Gainer
Price Gainer

Last Price Quote is:
18.19%above 13-day EMA
27.95%above 50-day EMA
RS Rating: 96 

[setravis]

TTMI  TTM Technologies, Inc. Raises Fourth Quarter Outlook...  by GlobeNewswire  Jan 13 2011 7:00AM 

SANTA ANA, Calif., Jan 13, 2011 (GlobeNewswire via COMTEX) -- TTM Technologies, Inc. (TTMI), a major global printed circuit board (PCB) manufacturer, today updated its fourth quarter 2010 guidance.

As a result of greater demand for its high technology products, and based on preliminary, unaudited results, TTM now expects fourth quarter 2010 revenue to be in the range of $375 million to $378 million, up from the previously announced range of $351 million to $367 million. GAAP earnings attributable to stockholders are now expected to be between $0.38 and $0.43 per diluted share, up from the previously announced range of $0.28 to $0.35 per diluted share. Non-GAAP earnings attributable to stockholders are now expected to be between $0.45 and $0.50, up from the previously announced range of $0.35 to $0.42 per diluted share.

Fourth Quarter and Fiscal Year 2010 Earnings Call Information

The Company will host a conference call and webcast to discuss the fourth quarter and fiscal year 2010 results on February 10, 2011, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time).

Telephone access will be available by dialing 800-762-8795 or 480-248-5081. The conference call also will be simulcast on the company's website at www.ttmtech.com and will remain accessible for one week following the live event.

About TTM

TTM Technologies, Inc. is a major global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs and the backplane and sub-system assembly business. TTM stands for time-to-market, representing how the company's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttmtech.com .

The TTM Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5691

About Our Non-GAAP Financial Measures

This release includes information about the Company's non-GAAP earnings per share attributable to stockholders, which is a non-GAAP financial measure. Management believes that this measure -- which adds back amortization of intangibles, stock-based compensation expense, non-cash interest expense on debt, asset impairment and restructuring charges, inventory adjustments, costs related to the Meadville Holdings transaction and miscellaneous closing costs as well as the associated tax impact of these charges -- provides additional useful information to investors regarding the Company's ongoing financial condition and results of operations.

A material limitation associated with the use of the above non-GAAP financial measure is that it has no standardized measurement prescribed by GAAP and may not be comparable with similar non-GAAP financial measures used by other companies. The Company compensates for these limitations by providing full disclosure of each non-GAAP financial measure and reconciliation to the most directly comparable GAAP financial measure. However, the non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

Safe Harbor Statement

This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations, and the company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, the company's dependence upon the electronics industry, the impact of the current economic crisis, the company's dependence upon a small number of customers, the unpredictability of and potential fluctuation in future revenues and operating results, increased competition from low-cost foreign manufacturers and other "Risk Factors" set forth in the company's most recent SEC filings.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: TTM Technologies


CONTACT: Steve Richards, CFO
714-327-3000