CNXT - Sector: Technology --- Industry: Semiconductors

[setravis]

Press Release Source: Conexant Systems, Inc.


Conexant Unveils Solution for Satellite PC TV Applications
Thursday March 9, 8:00 am ET 
World's First PCI PC TV Reference Platform to Support Newest DVB-S2 Video Broadcast and Advanced Modulation and Coding Standards


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 9, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced the world's first satellite television receiver card reference platform based on the industry's newest digital video broadcast standard, DVB-S2, for personal computers (PCs). It is targeted at manufacturers developing products that allow subscribers to watch, record and replay satellite broadcast programs on their PC. The new solution is based on two Conexant set-top box (STB) solutions and one PC video device. These include the world's first digital video broadcast DVB-S2 demodulator and forward error correction (FEC) decoder, a third-generation 8PSK satellite tuner, and a PCI audio/video (AV) broadcast decoder. The two STB devices enable the capture and processing of satellite broadcast programming, and the AV decoder converts and transports the video stream so it can be viewed on a PC.


"By combining our advanced set-top box components with our market-leading PC video technology, we provide a complete system solution for PC television applications," said Jeff Crosby, vice president and general manager of Conexant's Broadband Media Processing business. "This integrated reference platform solution allows manufacturers to significantly reduce their product development time and capitalize on early market opportunities in this rapidly growing industry segment."

About the PC TV Receiver Card

Conexant's new PC TV receiver card incorporates two front-end STB devices. The CX24116 DVB-S2 demodulator and FEC decoder leverages key developments in channel coding and modulation to provide up to a 30 percent capacity increase over the previous DVB-S standard. It has been shipping in high-volume quantities for more than a year. The second STB chip is the company's CX24118 direct down-conversion satellite tuner. This device provides the radio frequency performance necessary for the complex 8PSK advanced modulation and coding specifications.

The third device is the CX23883 PCI audio/video broadcast decoder, which enables analog and digital audio/video capture, display, or record and playback at a later time through software or hardware audio/video codecs.

The reference design is backward-compatible with the previous DVB-S and DSS standards. This allows manufacturers to use a single platform to develop products for multiple industry standards, which allows them to maximize their engineering resources and lower overall manufacturing and design costs. Schematics, layout files, and evaluation boards with production-ready device drivers are included with the reference design.

Conexant is a leading provider of STB solutions, offering a comprehensive suite of digital components and system solutions for worldwide satellite, terrestrial and cable entertainment broadcasting networks. Products include silicon tuners, satellite demodulators, MPEG audio and video decoders, and dial-up modems for back-channel applications. Reference designs that help manufacturers reduce cost and speed time-to-market are also available, bundled with a range of operating systems, middleware, drivers and development tools.

The company is also the world's No. 1 supplier of PC video solutions. Conexant's accomplishments include creating the PCI video decoder category, introducing the industry's first single-chip MPEG audio/video codec, delivering the world's most widely deployed MPEG audio/video encoder, and launching the first single-chip video encoder and digital video interface (DVI) transmitter.

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 with an annual revenue run-rate in excess of $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit 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.

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


Headline News Link:
http://finance.yahoo.com/q/h?s=CNXT

[setravis]

Let's see if we can get a breakout.

Technicals
Most Actives

Last Price Quote is:
1.09%above 13-day EMA
6.42%above 50-day EMA
RS Rating: 85 

Fundamentals
Key Data:
Market Cap (M): $1,498.47 
P/E Ratio: NA 
PEG Ratio: 1.86667 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

[setravis]

Which way shall she go?...


Technicals
Close Below the 13-day EMA
Most Actives

Last Price Quote is:
-0.63%below 13-day EMA
4.34%above 50-day EMA
RS Rating: 86 

Fundamentals
Key Data:
Market Cap (M): $1,488.96 
P/E Ratio: NA 
PEG Ratio: 1.89778 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

[setravis]

Press Release Source: Conexant Systems, Inc.


Conexant Expands Fiber Optic Access Semiconductor Portfolio
Wednesday March 29, 8:00 am ET 
Leading-Edge Family of Controllers Enables Next-Generation Triple-Play Services over Passive Optical Networks


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 29, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today expanded its broadband access product portfolio with a new family of system-on-chip (SoC) controllers for passive optical networks (PON). The CX9520X "Xenon II" family of controllers is designed for optical network units (ONUs) on the client-side of fiber-to-the-premises (FTTP), multi-dwelling-unit (MDU) and fiber-to-the-node (FTTN) EPON/GE-PON applications. PON is used by service providers worldwide to provide a high-speed "last mile" connection from the central office (CO) to homes and businesses over a fiber optic cable, and enables the cost-effective delivery of triple-play voice, video and data services.

Support for voice over Internet protocol (VoIP), as well as IP multicasting is included to facilitate real-time IP voice and video applications. Coupled with the company's market-leading Accelity VDSL2 chipset, Xenon II provides service providers with a cost-effective system solution for FTTN and MDU applications. In addition, Xenon II controllers can be used with the company's media processing, wireless LAN and home networking chipsets to deliver quality of service (QoS) on every link of the home network. QoS refers to a network system's ability to sustain a given service at or above its required minimum performance level.

"Fiber networks provide virtually unlimited bandwidth, which makes them ideal for delivering voice, video and data traffic," said Akram Atallah, senior vice president and general manager of Conexant's Broadband Access business unit. "Demand for triple-play services is growing, but a lower price point on the client-side is necessary to drive widespread deployment and consumer adoption. Xenon II meets this need, delivering high-performance and key optical networking features that support the complete delivery of broadband triple-play services to the digital home."

"Network operators worldwide are looking to quickly scale PON installations to facilitate the transition from simple data-only to advanced triple-play voice, video and data services," said Ian Eigenbrod, senior research analyst with IDC. "However, both PON infrastructure and equipment costs remain an obstacle to greater deployments. Highly integrated silicon solutions with advanced QoS features will be key to providing the combination of lower system costs and improved performance needed to accelerate market growth."

Additional features include Conexant's complete protocol stack, which enables the seamless integration of new features, reduces customer development costs, streamlines product development, and reduces time to market.

Conexant is the market leader in broadband access semiconductor solutions, and has shipped more than 150 million DSL ports worldwide. The company's central office and customer premises equipment semiconductor solutions include a full range of standards-based integrated circuits, software and reference designs for asymmetric and symmetric DSL applications including ADSL2plus, SHDSL and VDSL2.

Availability and Pricing

The Xenon II processor family is sampling now, with production quantities scheduled for May 2006. Prices begin at $26.50 for high-volume applications.

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 with an annual revenue run-rate in excess of $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit 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.

These risks and uncertainties include, but are not limited to: 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 the company; the risk that capital needed for our business and to repay our convertible notes 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; 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; 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]

Got the Breakout ......

Volume: 21,883,566
Avg Vol (3m): 20,823,600

Technicals
Most Actives

Last Price Quote is:
6.43%above 13-day EMA
12.29%above 50-day EMA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $1,550.80 
P/E Ratio: NA 
PEG Ratio: 2.04444 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

[vic666]

folks...keep an eye on CNXT...It's looking all set to break 52 week high of $3.60 tomorrow (last trde in AH today was $3.58).

I picked this one for the latest edition of the contest...but it fell into a pullback/consolidation zone and is breaking out now.

$4.00 will be very easy to reach IMO....also, JDSU and CNXT have traded on par for a while and now it;s time for CNXT to play catch up with JDSU (which had a red day today, while CNXT saw a green close!)

In fact, looking at 2 yr weekly chart, there was a huge gap down (remained unfilled) back in July 2004. It gapped down from $4.00 to $2.60 in a few days.After we break $3.60 tomorrow, we will easily go to $4.00, but there will be stiff resistance there and we gotta watch out for volume to help break us out and above $4.00

good luck folks...i'm not in right now, but will be looking closely. 

[setravis]

Ascending Triangle (continuation) Pattern,  hitting resistance.
Primed for a Breakout....

Volume: 16,097,531
Avg Vol (3m): 21,334,100

Technicals
Most Actives

Last Price Quote is:
7.82%above 13-day EMA
15.13%above 50-day EMA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $1,674.48 
P/E Ratio: NA 
PEG Ratio: 2.08889 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

[Miguel007]

Be carefull, it's now in Overbought conditions.

[vic666]

heck no, it's not  ...what makes you say that anyway?

[setravis]

Be carefull, it's now in Overbought conditions.

I am always careful....I'm not a daytrader...I'm  not a swing trader.
I'm an investor....
Go back to page 1 of this thread and you will get the picture of how long I have been holding this stock.
vic666 said a mouth full..."it's not overbought" 

[mexirafa]

Does it look like a reversal might be starting to take place?

[setravis]

Breakout....

BRIEF: For the three months ended 31 December 2005, Conexant Systems, Inc.'s revenues increased 64% to $230.7M. Net loss decreased 80% to $24.3M. Revenues reflect growth in the demand of broadband media business as satellite STB design begins to ramp into production and higher demand in PC market of the universal access business. Lower loss reflects improved gross margin, lower amortization costs, lower special charges and decreased R & D expenses. http://www.conexant.com/

Volume: 23,957,747
Avg Vol (3m): 21,640,100

Technicals
Record Price High
Most Actives

Last Price Quote is:
11.34%above 13-day EMA
20.10%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $1,674.48 
P/E Ratio: NA 
PEG Ratio: 2.19556 
Next Earnings: 04/19/2006
Last Analyst Rating: Sector Perform

[setravis]

Back above the 13-day EMA
Pulled back hard then recovered. MACD still high.
Stochastic oversold in an uptrend.

Volume: 23,580,760
Avg Vol (3m): 19,933,800

Technicals
Close above the 13-day EMA
Most Actives

Last Price Quote is:
4.49%above 13-day EMA
11.71%above 50-day EMA
RS Rating: 73 

Fundamentals
Earnings Expected on Apr 27

Key Data:
Market Cap (M): $1,684.00 
P/E Ratio: NA 
PEG Ratio: 2.415 
Next Earnings: 04/27/2006
Last Analyst Rating: Sector Perform

Bullish Price Channel (continuation) Pattern
Price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a "bullish price channel" will refer to a channel with positive slope and a "bearish price channel" to a channel with negative slope.

In a bullish price channel, some traders look to buy when prices reach main trend line support. Conversely, some traders look to sell (or short) when prices reach main trend line resistance in a bearish price channel. As with most price patterns, other aspects of technical analysis should be used to confirm signals.

Because technical analysis is just as much art as it is science, there is room for flexibility. Even though exact trend line touches are ideal, it is up to each individual to judge the relevance and placement of both the main trend line and the channel line. By that same token, a channel line that is exactly parallel to the main trend line is ideal.

Bullish Price Channel: Subsequent touches along the main trend line offered good buying opportunities

[setravis]

Bounced very nice off the 50-day EMA
Cramer says blowout earnings.

Technicals
Most Actives

Last Price Quote is:
6.62%above 13-day EMA
14.35%above 50-day EMA
RS Rating: 79 

Fundamentals
Earnings Expected on Apr 27..................

Key Data:
Market Cap (M): $1,684.00 
P/E Ratio: NA 
PEG Ratio: 2.605 
Next Earnings: 04/27/2006
Last Analyst Rating: Sector Perform

[fill_the_gap]

Watching the chart closely.  I fortunately bought Monday and sold Tuesday before Close for over 10%.

May enter again, but the % 3.70 area is of concern for now. 

Anyone plan on trading into the earnings CC ?  If so, entry target ?

Call Details
Conexant Systems Inc. Earnings Conference Call (Q2 2006)
Scheduled to start Thu, Apr 27, 2006, 5:00 pm Eastern