KOMG

[la-onda]

Michael,
KOMG stillon your watchlist?

what a change 

1)
Komag downgraded to "peer perform"
Friday, May 25, 2007 9:45:01 AM ET
Bear Stearns
NEW YORK, May 25 (newratings.com) - Analysts at Bear Stearns downgrade Komag (KOMG.NAS) from "outperform" to "peer perform."
2)
Komag "outperform," target price reduced
Friday, May 25, 2007 3:06:21 AM ET
Robert W. Baird
NEW YORK, May 25 (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 $39 to $31. In a research note published yesterday, the analysts mention that the company has issued a revenue and EPS warning for 2Q07. This reflects weak unit demand and pricing pressure from OEM customers, coupled with sub-optimal factory utilization and already high opex levels at Komag due to new programme design initiatives, the analysts say. The EPS estimates for 2007 and 2008 have been reduced from $3.60 to $2.70 and from $4.00 to $3.15, respectively.
3)
Komag "hold," target price reduced - update
Friday, May 25, 2007 2:01:57 AM ET
Brean Murray, Carret & Co
NEW YORK, May 25 (newratings.com) - Analysts at Brean Murray maintain their "hold" rating on Komag Inc (KOMG.NAS), while reducing their estimates for the company. The target price has been reduced from $34 to $30. In a research note published yesterday, the analysts mention that the company has reduced its revenue and operating result guidance for the June quarter citing market pressures on pricing and volumes and challenges of the perpendicular media ramp. The EPS estimates for 2007 and 2008 have been reduced from $3.62 to $2.70 and from $4.26 to $3.05, respectively.
4)
Komag "neutral weight," target price reduced - update
Friday, May 25, 2007 1:58:49 AM ET
Prudential Financial
NEW YORK, May 25 (newratings.com) - Analyst Jesse Tortora of Prudential Financial maintains her "neutral weight" rating on Komag Inc (KOMG.NAS). The target price has been reduced from $31 to $28. In a research note published yesterday, the analyst mentions that the company has reduced its revenue and operating guidance for the June quarter. Komag has indicated that its unit volumes and ASPs are under pressure. HDD demand is slowing and the company's margins are under pressure due to several factors, including capacity underutilization, rising depreciation expenses, currency impacts and lower margin substrate sales, the analyst says.

[la-onda]

KOMG: AG Edwards Starts @ Hold; Analyst Notes
Friday , June 22, 2007 11:11ET
Issuer: Komag Inc (NasdaqNM: KOMG)
Analyst Firm:  A.G. Edwards Inc.
Ratings Action: INITIATE
Current Rating: Hold
Analyst Comments: Despite a tempting valuation and the belief that most of the negative news is now known, the firm is initiating coverage on shares of Komag with a Hold rating as they believe execution-related risks and a longer-term reduction in disks/drive ratios will keep shares range bound. They are initiating coverage with below consensus estimates with C2007 and C2008 Rev/EPS at $960.1M/$2.63 and $989.8M/$2.83.

&

KOMG: Craig-Hallum Ups to Buy from Accumulate; Sets Tgt @ $38
Tuesday , June 26, 2007 11:47ET
Issuer: Komag Inc (NasdaqNM: KOMG)
Analyst Firm:  Craig-Hallum Capital Group LLC
Ratings Action: UPGRADE
Current Rating: Buy (from Accumulate)
Target Price Action: INITIATE
Target Price: $38.00

&

June presentation:
http://www.komag.com/investors/presentations/KOMG1Q07_Jun07.pdf

chart:

[la-onda]

OVER AND OUTMike, we have to look for another investment opportunity 
cheers
O.

KOMG: Expects Q2 Revenue Down At Least 30% Compared to Q1
Thursday , June 28, 2007 19:06ET

Komag, Incorporated (KOMG) updated its business outlook for Q2 of 2007. The Company currently expects revenue for the second quarter of 2007 to be down at least 30% as compared to the first quarter of 2007. Due to the significant reduction in revenue, the Company also expects to incur a substantial operating loss in the second quarter of 2007.

&

WDC: To Acquire Komag for Apporx $1B
Thursday , June 28, 2007 19:05ET

Western Digital Corporation (WDC), and Komag, Incorporated (KOMG) announced that the two companies have entered into a definitive agreement for WD to acquire Komag for $32.25 in cash per share for a value of approximately $1 billion.

The transaction will be structured as a cash tender offer for all the outstanding shares of Komag common stock, followed by a merger of a wholly-owned subsidiary of WD into Komag in which the remaining shareholders of Komag will receive $32.25 in cash.

The transaction has been unanimously approved by the board of directors of each company and is subject to customary closing conditions, including regulatory approvals, and is expected to close in the third calendar quarter of 2007.

&

Analyst sees unusual call trades before Komag deal
Thu Jun 28, 2007 7:58 PM ET

By Doris Frankel

CHICAGO, June 28 (Reuters) - Unusual trading in options positions that would benefit from a rise in Komag <KOMG.O> shares, placed before the disk-drive component maker put itself on the block, looked "suspicious," an options analyst said on Thursday.

Western Digital Corp. <WDC.N> has agreed to acquire Komag Inc., one of its last rivals in the U.S. hard disk drive industry, for about $1 billion in cash, the companies said on Thursday. Western Digital would pay $32.25 a share for all outstanding shares of Komag.

"I would say this unusual spike in call trading before the deal is suspicious," said Joe Sunderman, vice president of research and development at Schaeffer's Investment Research in Cincinnati, Ohio.

The U.S. Securities and Exchange Commission declined to comment on the surge in call option volume ahead of Thursday's announcement, which came after the close.

In several instances this week, the volume in Komag calls, granting investors the right to buy its stock at a given price and time, stood out dramatically, Schaeffer's data showed.

From June 25 through June 27, call volume on the front three months of June, July and September averaged 12,123 contracts, far outpacing Komag's average daily call turnover of 887 contracts for the entire year, Sunderman said.

That is nearly 14 times ordinary volume over the last few days in comparison to the rest of the year, he said.

Even on Thursday, Komag options were unusually busy as 6,736 calls vs. 4,488 puts crossed the tape, according to market research firm Track Data.

Particularly notable were the July calls allowing investors to buy Komag shares at $30 a piece within a few weeks, Sunderman said.

The July $30 calls traded 1,667 times compared to 5,374 contracts outstanding and cost $1.10, up 5 cents on Thursday.

Komag shares rose 49 cents to finish at $29.58. These calls with strike prices slightly higher than the market price would give an investor a chance to profit if the share price rises.

Indeed, Komag stock rose 7.6 percent in after-hours trade to $31.83, while Western Digital dipped 2 percent in extended trade to $19.15.

"Those options would be in-the-money if the shares rise to $32.25, the takeover price by July expiration," Sunderman added.

According to Options Clearing Corp, 14,783 Komag options traded on Wednesday, out of which 87 percent were calls. On Tuesday, 18,409 contracts crossed the tape and 88 percent of that volume were calls and on Monday, 23,026 contracts changed hands, out of which 83 percent were calls.

"Additionally. the technical price trend in Komag has been very poor, and in spite of this, the call activity on a laggard such as Komag is unusual," Sunderman said.

Komag shares have shed 22 percent in value since the start of this year.

It can be hard to pin down whether questionable trading in a target company's options stems from insider information, because it can result from pure speculation as a result of rumors or just plain luck.

[la-onda]

KOMG: Caris & Co Ups to Average from Below Average; Analyst Notes

Friday , June 29, 2007 10:46ET
Issuer: Komag Inc (NasdaqNM: KOMG)
Analyst Firm:  Caris & Company
Ratings Action: UPGRADE
Current Rating: Average (from Below Average)
Analyst Comments: The firm is upgrading KOMG as it has value to a strategic buyer like WDC. KOMG is facing a fundamental deterioration in its business and on fundamentals is only worth $23 but to a strategic buyer could be worth $32. WDC expects the deal to increase its OIM by 100bp over time.


Komag downgraded to "neutral"

Friday, June 29, 2007 3:26:11 AM ET
Robert W. Baird

NEW YORK, June 29 (newratings.com) - Analysts at Robert W Baird downgrade Komag Incorporated (KOMG.NAS) from "outperform" to "neutral," while reducing their estimates for the company. The target price has been raised from $31 to $32.

In a research note published this morning, the analysts mention that the company has accepted Western Digital's acquisition bid of $32.25 per share, and another bidder is unlikely to step in. Komag has guided to a q/q decline of at least 30% in its F2Q revenues. This guidance reflects weak industry trends and a possible withdrawal of STX orders, Robert W Baird adds. The EPS estimate for 2007 has been reduced from $2.70 to $0.99.

[setravis]

"KOMG" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
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"Simplicity" My fellow traders.                       
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.       
Thank You....and good luck with all your trades....make some $$$