CNXT - Sector: Technology --- Industry: Semiconductors

[metro]

setravis

I thought there was one but put CNXT in the search box and it did not come up - the search sometimes does that.

Years ago for a time this one was a favorite of mine before and after the spin off

[setravis]

It is still a favorite of mine.
Have played this one many times in the past.
Always managed to cash in a profit on it.
Sometimes that happens with the search, it brings up everything but what one is looking for.
Good trading to you.

[usedcasting]

Hi Metro/Setravis,I find in the search if you put the symbol in a second time it drills down and you will get more results.

Hope it helps!

uc.

[setravis]

Press Release Source: Conexant Systems, Inc.


Conexant to Present at the Eighth Annual Needham Growth Conference
Tuesday January 10, 8:00 am ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 10, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that Bruce Thomas, vice president of investor relations, will present at the Eighth Annual Needham Growth Conference on Friday, Jan. 13, 2006, at 9:30 a.m. Eastern time at the New York Palace Hotel in New York. A live webcast and replay of the presentation will be accessible from the Investor Relations section of Conexant's Web site at www.conexant.com/ir.


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(SM) 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 more than $720 million in revenues in fiscal year 2005. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at 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.

Our future GAAP-based results will be affected by the implementation of new accounting rules related to the expensing of stock options commencing in fiscal 2006. Other risks and uncertainties include, but are not limited to: general economic and political conditions and conditions in the markets we address; the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company's 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 product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; 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
or
Bruce Thomas (Investor Relations), 949-483-CNXT (2698)

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

[setravis]

Awesome.....  +7.22%
Volume: 14,916,755
Avg Vol (3m): 10,769,000

Technicals
Record Price High
Most Actives
Record Price Break Out
Gap Up
Percentage Gainer

Last Price Quote is:
13.97%above 13-day EMA
20.83%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,228.39 
P/E Ratio: NA 
PEG Ratio: 1.94667 
Next Earnings: 01/25/2006
Last Analyst Rating: Equal-weight

[lalitha0]

Hi
Jim Cramer recommended it on Mad Money last night with a target of $3.50
Now the stock is up to $2.80

Lalitha

[Terliso]

Thread of CNXT is here ... post your comments here

[metro]

Nice gap up and now we  are in the gap..


Live chart weekly

http://tinyurl.com/excst

[setravis]

Breakout.....
Big volume day!
Volume: 39,356,833
Avg Vol (3m): 10,769,000

Up in the after hours trading also.......
CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 
After Hours (RT-ECN): 3.07  0.24 (8.48%)


Technicals
Record Price High
Most Actives
Record Price Break Out
Gap Up

Last Price Quote is:
15.19%above 13-day EMA
22.12%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,228.39 
P/E Ratio: NA 
PEG Ratio: 1.94667 
Next Earnings: 01/25/2006
Last Analyst Rating: Equal-weight

[setravis]

CONEXANT SYSTEMS (NasdaqNM:CNXT) Delayed quote data 

Pre-Market (RT-ECN): 3.03  0.20 (+7.07%)

Volume @.......2,197,744

[setravis]

Patience pays off !..... What a follow through.
Want some volume , we got it ! 
Volume: 111,663,059........
Avg Vol (3m): 11,184,900

Support @ $3.04...2.87...2.69
Resistance....Have to look at a 2 year chart to see long term resistance.
And that 2 year chart Has that Head and Shoulders Bottom (reversal) Pattern.

Technicals
MACD is Bullish
Stochastic is Bullish
Record Price High
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
31.40%above 13-day EMA
41.11%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $1,228.39 
P/E Ratio: NA 
PEG Ratio: 2.02667 
Next Earnings: 01/25/2006
Last Analyst Rating: Equal-weight

[setravis]

A six pack for 2006
Commentary: Six stocks ready to break out

By Jack Rothstein, Wealthcast
   
FAIRFAX, Va. (Wealthcast) -- Cash is king for a short time. That's where I am right now -- for several reasons.

 
One being that I'm up 7% for the year so far and I'm not willing to risk that right now. I would rather sit on that lead for a while. The extension of that lead will take shape during the last three trading days of the month. The last two days of January will be especially interesting.

This year is certainly controlled by the bulls and they certainly have not lost their compass and are in pursuit of higher price points. The action is positive across the board. Energy and gold are hot and have been and will continue to be for a while. If you are not involved in energy and metals then you are missing the boat.

I am involved in nothing right now and I can't begin to tell you how hard that is for me. I have to be involved. It is my nature to be involved -- but I do far better when I take periodic breaks. I am out of the market for 10 days or possibly till February when the battle begins. I will be in Los Angeles while the "January Effect" wears thin. What an effect it has been this year as all the Wall Steet guys come out in all there stuffed shirt glory spouting forgetful words of wisdom.

I will be back on Jan. 24. The plan is to scalp another point or two in the final days of trading this month and come away with a gain of 8.5%.

This year will be a good year. Not a great year. A good year. The market will soften into the third quarter and bottom out sometime in September. Then the explosion will occur and watch the sparks fly.

Sentiment is overly optimistic right now. The tape is powerful and stronger and more constructive then it was in November. It is the best start in years. The tone is set for a good year in stocks. Expect double-digit returns this year.

Now let's get into the instruments that will be employed to get us there. As stated, I am involved in nothing right now. I own none of the stocks that I am writing about. I will get back into the battle for investment survival when I return from my travels -- but you don't have to wait for me. Let's get into a few stocks that I am focused on and ready to get back involved in.

WebMD Health Corp (WBMD)
WBMD38.90, -0.74, -1.9%) is extended. The stock traded under 30 at the end of the year last year and now trades above 38. It is up 31.5% in the first 10 days of the year. I am out of it but for those lucky few that took it on then you are up over 31% in it right now and I suggest taking a few chips off the table and book the gain. I am coming back into it hard after it comes in. It will come in. They all eventually come in and provide the chance to get involved.
So get involved in WBMD on a pullback into the 35 zones. Place the long-term stop under 29.


U.S. Express Enterprises (XPRSA)
XPRSA17.89, +0.10, +0.6%) is up big since October and the advance has plenty of headroom.
It is slightly extended right now and could be had coming into the 16 zone. Place the stop under that.

St. Jude Medical (STJ)
STJ53.53, -0.24, -0.4%) was already up 7.5% this year. It is up over 38% in the last year. It is in a solid advance and is expressing no sign of stalling. In fact it is in a strong phase within its long-term steady advance.
I intend to get back into STJ coming into the 52-53 zones. The group is hot right now and it will stay that way. You know the story and the real story is in the chart. Place the stop at 49.99.

Conextant Sytems (CNXT)
Now I am going to admit that I was wrong having sold my stake in Conextant (CNXT:
conexant systems inc com
CNXT3.26, -0.03, -0.9%) and I must come back to it if it ever comes into a decent range. It is a good stock to get into right now and I blew it frankly. It is going to trade above $3. I hate being wrong. Remember the distinction about picking stocks and trading them. CNXT is a great pick that I managed to screw up by selling it. It is as simple as that. This is a great stock about to break out.
It is a great stock right now and ought to be owned. Don't chase it. If you must, stick in a toe. Find a way to get involved in this sweet advance that is taking shape in CNXT.

Synopsys (SNPS)
SNPS21.40, -0.27, -1.2%) is about ready to challenge the 21.20 zone and a rise above that level provides more favorable odds to extend its current young advance.
It has plenty of headroom and a rise above resistance at 21.20 will take it to higher zones and that is the buy signal, 21.20. Place the stop at 19.89.

Creative Technology (CREAF)
I sold near the top. It is higher right now and ready to explode. I am out of it and the stock is ready to explode. Yes, I am having my head examined. Creative Technology (CREAF:
creative technology ltd ord
CREAF8.49, +0.04, +0.5%) is an instrument that is highly favorable right now and has the ability to get you what you want and that is more. So here it is for you served up on a silver platter, presented with impeccable elegance.
CREAF is in a healthy advance and a rise above 9 sends it well on its way to challenge 10. It is highly probable that that happens. Place the stop at 7.89.


I must confess that when I looked at the indications in CNXT I cursed out loud, very loud, in a loud voice that you could only imagine. And it is all about having the ability to follow a trading discipline that at times is interrupted by the need to deliver performance. The lesson learned is that it is always about the instrument you are involved in and the overall market action matters much less.

Jack Rothstein is an SEC-registered investment advisor who specializes in such growth sectors as technology, drugs, financial services and specialty retail. He also edits the Wealthcast investment letter and hosts two radio shows in the Washington D.C. area. Rothstein currently has no positions in any of the stocks mentioned in this report. (wealthcast.com)

Content found in The Guru's Corner is subject to the terms and conditions found in the Disclaimer and does not represent a recommendation of investment advice. Investors should seek the advice of a qualified investment professional prior to making any investment decisions. (disclaimer)

[setravis]

Press Release Source: Conexant Systems, Inc.


Conexant Sets Date for Q1FY06 Earnings Conference Call
Thursday January 12, 5:20 pm ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 12, 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 first fiscal quarter of 2006. The conference call will take place on Wednesday, Jan. 25, 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: 432896.

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
or
Bruce Thomas (Investor Relations), 949-483-2698

--------------------------------------------------------------------------------
Source: Conexant Systems, Inc.

[ScottishTrader]

Anyone else still in CNXT at the moment? 

I'm feeling a little bit concerned about holding over earnings after a few recent earnings burns, but getting some mixed signals on this one.  Technically, CNXXT has been pulling back just a bit, but looks a bit dicey with a bunch of gaps below.  A bad earnings release could send it right down below 3.00, which would not be nice, and it might be worth taking some off the table.  However, fundamentally, the turnaround play and lots of commentary has been very bullish.

Just wanted to see if anyone else has any thoughts on this one today

[ScottishTrader]

Well looks like I'm the only one in on CNXT for this earnings play.

Things are looking quite positive technically for CNXT, yesterday's action was encouraging - after a strong start, CNXT sold off during the day but came back to close at a new HOD.  Bodes well for action today - hopefully we may see a strong break upwards, esp if earnings have been leaked to "those in the know"   However, as I stated before, I am quite concerned about this one, and still  not sure what I will do.  Technically, CNXT looks to have been forming a pennant from the breakout of 2.70, and today may give a decisive idea of whether it will follow through from this.  RSI dipped below 70, but pushed above again yesterday.  However, there are some big gaps below, and if CNXT disappoints with earnings after the bell, the sell-off will probably be BIG.  Add to this all of the exuberance on the Yahoo MBs and lots of positive spin elsewhere, and it seems to me to be a dangerous position.  However, a move above 3.45 will send it clearly back into gapping territory, and could easily make 3.75.

Right now I see important support at 3.15, and below that at 3.00.  Weakness today could signal a dangerous sell-off AH.  I haven't made my mind up, but may take some off the table today.

Any other thoughts much appreciated