CNXT - Sector: Technology --- Industry: Semiconductors

[setravis]

Catching a bounce here at the $1.40 area,
could be a bottom........?


52wk Range: 1.41 - 3.90
Volume: 12,387,607
Avg Vol (3m): 9,616,350

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
4.68%above 13-day MA
-7.64%below 50-day MA
RS Rating: 6 

Fundamentals
Earnings Expected on Apr 26

Key Data:
Market Cap (M): $697.69 
P/E Ratio: NA 
PEG Ratio: -0.772222 
Next Earnings: 04/26/2007
Last Analyst Rating: Sell

[setravis]

Press Release Source: Conexant Systems, Inc.


Conexant Introduces New Cable Set-Top Box Reference Designs
Monday April 30, 8:00 am ET 
HD-AVC/DOCSIS Platforms Targeted at High-Definition PVR Applications


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 the availability of two complete, OpenCable(TM)-compliant cable set-top box (STB) reference designs for high-definition (HD) personal video recording (PVR) applications. The comprehensive reference designs are based on the company's recently announced CX2445X DOCSIS 2.0+ and EuroDOCSIS 2.0+ cable modem integrated circuits, and can be configured with either Conexant's CX24500 single-channel or CX2427X dual-channel HD MPEG-2/H.264/VC-1 video decoder. The highly integrated solutions also include core software and drivers that enable developers to quickly develop middleware and innovative applications for next-generation cable STBs.


"In today's fast-moving marketplace, time-to-market often determines a product's success, particularly in rapidly growing applications such as personal video recording," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "Our new reference designs provide manufacturers with the ability to shorten product development cycles, which can provide them with a competitive edge that may translate to greater market share down the road."

The reference designs include support for OpenCable applications platform (OCAP(TM)), a middleware software layer specification that enables manufacturers to develop products that will run on any cable television system in North America, independent of the STB receiver hardware or operating system software. In addition, an embedded processor enables advanced hardware security features, and supports major industry security standards including downloadable conditional access system (DCAS(TM)) and multi-stream CableCARD(TM) (M-Card(TM)). The reference designs also support major operating systems such as Linux®.

Conexant's CX2445X family of DOCSIS 2.0+ front-end cable STB chips feature three demodulators with downstream channel bonding capability, which significantly increases bandwidth capacity. Also included is an integrated out-of-band cable physical layer (PHY), which provides compatibility with legacy U.S. cable systems, and supports Society of Cable Telecommunications Engineers (SCTE) standards 55-1 and 55-2.

The reference designs are offered with either Conexant's CX24500 single-channel video decoder for mass market STB devices with PVR capabilities, or the CX2427X dual-channel device which is capable of decoding two HDTV programs simultaneously for picture-in-picture display, and supporting networked PVR for whole-house video solutions. Both of the decoders support key video compression standards including MPEG-2, MPEG-4 advanced video coding (AVC)/H.264, and VC-1.

The CX2427X and CX24500 are the industry's highest performance dual- and single-video decoders, and are based on a powerful ARM® 1176 processor. To further boost performance, the devices include double data rate memory (DDR2) interface with unified memory, an integrated level two (L2) cache, an advanced graphics rendering engine and Jazelle® Java hardware accelerator for improved Java performance, and reduced memory foot print.

The video decoders have several integrated features including three USB ports, audio digital-to-analog converters (DACs), multiple video outputs including HD multimedia interface (HDMI) 1.3 with high-bandwidth digital content protection (HDCP) 1.2, a Broadcast Television Systems Committee (BTSC) stereo encoder and channel 3/4 RF modulator, and two Ethernet media access controllers (MACs) with a media independent interface (MII). This enables future expansion for networking technologies such as MoCA, HomePlug® A/V, or 802.11 wireless networking. The reference designs also have a serial advanced technology attachment (SATA) interface that facilitates the transfer of data to and from hard disks for PVR applications.

Conexant offers a comprehensive suite of digital set-top components and system solutions for worldwide entertainment and broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS modems.

The HD-AVC/DOCSIS references designs are available to qualifying customers.

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 that recorded revenues of $970.8 million in fiscal year 2006. The company has approximately 3,200 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor Statement

"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 the forward-looking statements.

These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness 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 recently; 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; 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 our company; 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.

[setravis]

Press Release Source: Conexant Systems, Inc.


Conexant Delivers Complete Front-End Solution for Terrestrial Set-Top Box Applications
Tuesday May 29, 8:00 am ET 
New DVB-T Chipset Targeted at Set-Top Box, PCTV and iDTV Applications


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 the CX24230 digital video broadcasting-terrestrial (DVB-T) demodulator and CX24210 worldwide terrestrial and cable tuner. Together, these highly integrated devices form a complete high-performance, front-end solution for DVB-T set-top boxes (STBs), PC video capture cards, and integrated digital televisions (iDTVs)


"In the last several months, we've introduced a comprehensive set of high-performance products for satellite, cable, and terrestrial applications that enable our customers to meet next-generation system requirements, while reducing product development costs and schedules," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "In addition, these new solutions are synergistic with our comprehensive set-top box product portfolio. For example, our new DVB-T front-end chipset can be bundled with our MPEG products, allowing us to deliver end-to-end system solutions that address multiple terrestrial applications."

The CX24230 demodulator is a high-performance DVB-T demodulator with an internal microcontroller and memory. The firmware for the microcontroller is provided by Conexant, simplifying customer software development requirements. Performance-enhancing features include a 12-bit analog-to-digital converter, digital adjacent channel filtering, and an enhanced forward error correction architecture.

The flexible CX24210 tuner supports multiple worldwide digital and analog terrestrial standards including DVB-T, ATSC, PAL, NTSC and SECAM. The tuner also complies with global cable specifications including DOCSIS® 2.0, EuroDOCSIS, and DVB-cable (DVB-C).

The CX24210 was designed with overall system BOM in mind. Cost-saving features include:

Integrated voltage controlled oscillators, synthesizers, and loop-through circuitry
An internal adjustable band-pass filter that enables standard-specific optimization, eliminating the need for additional SAW filters
Requires only a single 3.3 volt power supply for operation
The high level of integration also allows product developers to replace traditional "can" tuners with a much smaller form-factor solution, providing them with greater design flexibility. In addition, the new tuner has been optimized to work with the company's recently announced CX2445X family of DOCSIS 2.0 front-end cable modem chips. The tuner can also be used with Conexant's CX2488X family of PCIe audio/video decoders to form a complete system solution for analog and digital PCTV applications.

A front-end reference design that includes the CX24230, the CX24210, and all required software is available now. In addition, complete evaluation systems that include the front-end chipset and Conexant's MPEG products are also offered. The reference design can be used to address applications ranging from basic MPEG-2 standard definition to dual high-definition MPEG-2/AVC/H.264/VC-1 PVR systems.

Conexant offers a comprehensive suite of digital set-top box components and system solutions for worldwide entertainment and broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS modems.

Availability, Packaging and Pricing

The CX24230 demodulator and CX24210 tuner are sampling now with volume production scheduled for September 2007. The demodulator is packaged in a 64-pin thin quad flat pack (TQFP), and the tuner is offered in a 48-pin quad flat no-lead (QFN) package. Together, the CX24230 and CX24210 are priced at $5.00 in quantities of 10,000.

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 that recorded revenues of $970.8 million in fiscal year 2006. The company has approximately 3,200 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor Statement

"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 the forward-looking statements.

These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness 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 recently; 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; 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 our company; 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. DOCSIS is a trademark of Cable Television Laboratories, 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.

[setravis]

May have finally landed...bottom that is !
This one has been "Under Attack" via  the short sellers...
Shares Short's-May 40.6
Shares Short's-April 32.7
I used to like this company a lot.
Closed back above the 13-day MA, and the 50-day MA.

Recent CandleStick Analysis
Very Bullish
Jun-20-2007 Bullish Engulfing 
Jun-19-2007 Inverted Hammer 
Jun-18-2007 Bullish Harami 

Support @ $1.42...1.33...1.25
Resistance @ $1.60...1.75...1.80

52wk Range: 1.23 - 2.50
Volume: 26,887,430
Avg Vol (3m): 8,296,910

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
11.65%above 13-day MA
1.83%above 50-day MA
RS Rating: 8 

Fundamentals
Key Data:
Market Cap (M): $618.02 
P/E Ratio: NA 
PEG Ratio: -0.816667 
Next Earnings: 07/26/2007
Last Analyst Rating: Sell

[setravis]

Back above the 50-day MA.
13-day MA has crossed over the 50-day

Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes.

Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.

52wk Range: 1.23 - 2.36
Volume: 9,439,502
Avg Vol (3m): 8,863,910

Technicals
Most Actives

Last Price Quote is:
9.16%above 13-day MA
7.86%above 50-day MA
RS Rating: 20 

Fundamentals
Key Data:
Market Cap (M): $721.02 
P/E Ratio: NA 
PEG Ratio: -0.905555 
Next Earnings: 07/26/2007
Last Analyst Rating: Sell

[setravis]

The CNXT Threads in Previous 3SOF Picks
Have been merged.
Got the go ahead to do so from Ramsburg.
I will be working here on this board to merge other threads also.

I will leave you Friday's closing chart while I'm in this thread....... 

Good trading to all !   

Regards,
Your fellow trader @3SOF
setravis

[setravis]

Recovery...
Recovering nicely with good technical price/volume action. Some resistance between $1.6o and $1.80

52wk Range: 1.05 - 2.36
Volume: 30,258,099
Avg Vol (3m): 8,708,980

Technicals
Close Above the 50-day MA
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
13.74%above 13-day MA
5.37%above 50-day MA
RS Rating: 83 

Fundamentals
Analyst Upgrade to Sector Outperform

Key Data:
Market Cap (M): $549.51 
P/E Ratio: NA 
PEG Ratio: -0.384211 
Next Earnings: 10/25/2007
Last Analyst Rating: Sector Outperform

[setravis]

AP
Out of the Gate: Conexant Systems
Thursday September 6, 10:31 am ET 
Conexant Systems Shares Rise on CIBC Analyst Upgrade Citing Management Changes


NEW YORK (AP) -- Conexant Systems Inc., a maker of semiconductors used in broadband communications, rose in early trading Thursday after a CIBC World Markets Corp. analyst raised his rating on the stock, citing recent management changes and a low stock price.


Shares added 12 cents, or 10.5 percent, to $1.26.

Allan Mishan, in a client note, upgraded the stock to "Sector Outperformer" from "Sector Performer" with a $2 target price. The analyst noted shares fell recently -- the stock is down about 39 percent in the past six months.

The Newport Beach, Calif., company on Wednesday named Karen Roscher as chief financial officer, replacing J. Scott Blouin, who resigned to take another job.

"With a new CFO announced yesterday to join recently installed CEO Dan Artusi, we believe significant change including real restructuring is likely," wrote Mishan. Artusi became president and chief executive July 9.

A restructuring could generate cost savings of up to 10 percent to 15 percent, added Mishan.

[setravis]

Recovering...


52wk Range: 1.05 - 2.36
Volume: 9,461,910
Avg Vol (3m): 8,972,550

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
15.05%above 13-day MA
8.93%above 50-day MA
RS Rating: 90 

Fundamentals
Analyst Upgrade to Sector Outperform

Key Data:
Market Cap (M): $549.51 
P/E Ratio: NA 
PEG Ratio: -0.447368 
Next Earnings: 10/25/2007
Last Analyst Rating: Sector Outperform

[David Randolph]

This Analysis was requested a while ago in the «Analysis on Demand» thread, which is available only for 3SOF Premium Members (14-Day Free Trial available).



1. Profile

Conexant Systems, Inc. (CNXT) designs, develops, and sells semiconductor system solutions for broadband communications worldwide. It offers semiconductor devices, software, and reference designs for use in broadband communications applications that enable high-speed transmission, processing, and distribution of audio, video, voice, and data to homes and business enterprises. The company's broadband access products include digital subscriber line products comprising digital signal processors, network or communication processors, integrated software on silicon, analog front-end chips, line drivers, and reference design guides. Its broadband media processing products comprise various broadcast audio and video decoder and encoder devices, as well as front-end communications components that capture, display, storage, playback, and transfer of audio and video content in digital home and small office products, such as personal computers, television set-top boxes, gaming consoles, personal video recorders, and digital versatile disk applications. The company offers universal access products, including analog modem chipsets that connects users to the Internet through their desktop and notebook personal computers; and dial-up modem chipset, which include mixed-signal intensive, controllerless modem chipsets, and software modem solutions. Its wireless networking products comprise radio frequency transceivers, analog base-band integrated circuits, digital base-band and media access controller chips, and reference design guides. The company sells its semiconductor products and system solutions directly to original equipment manufacturers of communication electronics products; indirectly through electronic components distributors; and to third-party electronic manufacturing service providers. It operates in North America, South America, Europe, Africa, the Asia-Pacific region, and the Middle East. The company was founded in 1996 and is headquartered in Newport Beach, California.

2. Stock price history



Nobody would thought, from just reading the profile of the company, that the chart since the IPO would look like the above.

I identify two major phases in CNXT, the run up of the technology bubble and the subsequent collapse. This is one of those stocks that never recovered ...

Fundamentally the company had $2.1 B in revenues in 2000 and just $970 M in 2006, so business declined over the years (even though it was up from a 2003 low of $599 M in revenues).

The company lost $2.4 B over the last five years, gee

2.1. Short term chart



Phase 1 happened because CNXT posted three quarters in a row of positive EBITDA (starting in Q2 2006) and even managed to show a very small positive net income number in Q4 2006.

It looked like the company was turning profitable ... but this was a turnaround that failed and Q1 and Q2 in 2007 showed sharp losses, again. So the stock came off to where it was before the run up.

Analysts expect revenues to decline and more losses in 2007 and 2008:



And who am I to say it's going to be different? Or, putting it in another way, what do I know about the company that gives me confidence that analysts' negative outlook is wrong? I know nothing.

The stock recently got a boost because the company changed its CFO to one which previously worked with FSL, which was acquired by BlackStone, so I guess that fueled some speculation she'll come to work on a sale of the company. This is hardly a sound fundamental reason to start an advance phase.

3. Conclusion

CNXT is currently a $670 M market cap company which lost $2.4 B over the past five years. Revenues are expected to shrink after a rebound in 2005 and 2006, to about 35% of what they were back in 2000, so this company isn't able to grow.

Even if it somehow turns profitable, I believe its margins will always be slim.

I guess shappyfish88 owns the stock, or is interested in it, so I hope I'm wrong, but I don't see anything that attracts me in CNXT.


This Analysis was requested a while ago in the «Analysis on Demand» thread, which is available only for 3SOF Premium Members (14-Day Free Trial available).

[wrangler]

Bought CNXT back in July @1.44 and has since fell down to 1.05 in Sep. now it's back up to 1.44 and hoping to see some good gains on it starting now if it can break a 6 month resistance of 1.55

[wrangler]

Bought CNXT back in July @1.44 and has since fell down to 1.05 in Sep. now it's back up to 1.44 and hoping to see some good gains on it starting now if it can break a 6 month resistance of 1.55

Still holding and hoping for a good report next week for earnings. Chart is showing an uptrend forming and a good report will continue that trend.
Hope it will off the support it's now on and hold till report. If it can gain some good ground before earnings I'll probably get rid of it,,if not then I might hold till after earnings and hope for the best.

[David Randolph]

The following analysis was written on September 12th, 2007:

CNXT please. Thanks.

1. Profile

Conexant Systems, Inc. (CNXT) designs, develops, and sells semiconductor system solutions for broadband communications worldwide. It offers semiconductor devices, software, and reference designs for use in broadband communications applications that enable high-speed transmission, processing, and distribution of audio, video, voice, and data to homes and business enterprises. The company's broadband access products include digital subscriber line products comprising digital signal processors, network or communication processors, integrated software on silicon, analog front-end chips, line drivers, and reference design guides. Its broadband media processing products comprise various broadcast audio and video decoder and encoder devices, as well as front-end communications components that capture, display, storage, playback, and transfer of audio and video content in digital home and small office products, such as personal computers, television set-top boxes, gaming consoles, personal video recorders, and digital versatile disk applications. The company offers universal access products, including analog modem chipsets that connects users to the Internet through their desktop and notebook personal computers; and dial-up modem chipset, which include mixed-signal intensive, controllerless modem chipsets, and software modem solutions. Its wireless networking products comprise radio frequency transceivers, analog base-band integrated circuits, digital base-band and media access controller chips, and reference design guides. The company sells its semiconductor products and system solutions directly to original equipment manufacturers of communication electronics products; indirectly through electronic components distributors; and to third-party electronic manufacturing service providers. It operates in North America, South America, Europe, Africa, the Asia-Pacific region, and the Middle East. The company was founded in 1996 and is headquartered in Newport Beach, California.

2. Stock price history



Nobody would thought, from just reading the profile of the company, that the chart since the IPO would look like the above.

I identify two major phases in CNXT, the run up of the technology bubble and the subsequent collapse. This is one of those stocks that never recovered ...

Fundamentally the company had $2.1 B in revenues in 2000 and just $970 M in 2006, so business declined over the years (even though it was up from a 2003 low of $599 M in revenues).

The company lost $2.4 B over the last five years, gee

2.1. Short term chart



Phase 1 happened because CNXT posted three quarters in a row of positive EBITDA (starting in Q2 2006) and even managed to show a very small positive net income number in Q4 2006.

It looked like the company was turning profitable ... but this was a turnaround that failed and Q1 and Q2 in 2007 showed sharp losses, again. So the stock came off to where it was before the run up.

Analysts expect revenues to decline and more losses in 2007 and 2008:



And who am I to say it's going to be different? Or, putting it in another way, what do I know about the company that gives me confidence that analysts' negative outlook is wrong? I know nothing.

The stock recently got a boost because the company changed its CFO to one which previously worked with FSL, which was acquired by BlackStone, so I guess that fueled some speculation she'll come to work on a sale of the company. This is hardly a sound fundamental reason to start an advance phase.

3. Conclusion

CNXT is currently a $670 M market cap company which lost $2.4 B over the past five years. Revenues are expected to shrink after a rebound in 2005 and 2006, to about 35% of what they were back in 2000, so this company isn't able to grow.

Even if it somehow turns profitable, I believe its margins will always be slim.

I guess shappyfish88 owns the stock, or is interested in it, so I hope I'm wrong, but I don't see anything that attracts me in CNXT.

Tomorrow I'll write about DUK on soxguy's request.

[setravis]

• Conexant Systems Inc. Earnings Call scheduled for Thu, Jan 24,2008

NEWPORT BEACH, Calif., Jan 07, 2008 (BUSINESS WIRE) -- Conexant Systems, Inc. (CNXT, Trade) plans to release its first fiscal quarter results on Thursday, Jan. 24, 2008. Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place that day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time. Dan Artusi, president and chief executive officer, and Karen Roscher, senior vice president and chief financial officer, will discuss first fiscal quarter financial results and the company's outlook.

To listen to the conference call via telephone, dial 866-650-4882 (in the US 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 US and Canada) or 706-645-9291 (from other international locations); pass code: 30394628.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company's comprehensive portfolio includes products for broadband access and media processing applications. Conexant is a fabless semiconductor company that recorded revenues of $809 million in fiscal year 2007. The company is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.


Catching a bounce here.......

52wk Range: 0.56 - 2.13
Volume: 9,833,951
Avg Vol (3m): 7,235,620

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
-7.00%below 13-day MA
-29.58%below 50-day MA
RS Rating: 5 

Fundamentals
Earnings Expected on Jan 24

Key Data:
Market Cap (M): $344.65 
P/E Ratio: NA 
PEG Ratio: -0.59 
Next Earnings: 01/24/2008
Last Analyst Rating: Hold

[Miguel007]

A closer look at the daily chart it displays a downtrend line broken to the upside with a respectable volume. From here we can expect a run to the $0.57 area and from there we could see an explosive upsurge to $0.78 and better. Stay tuned.