CNXT - Sector: Technology --- Industry: Semiconductors

Ramsburg · October 16, 2006, 01:40:55 AM

Quote from: bgoodman on October 15, 2006, 10:58:38 PM
Ramsburg,

Thanks for the update. I think CNXT will rapidly get back to $2.50 and eventually continue pass $3 back toward the recent 52-week high.

Nothing negative has happened since CNXT was at $3.80 before the May 11th Market crash hit hard. Nothing fundamentally has changed since May 11th for Conexant. It will return to the $3 plus range right before earnings, or shortly thereafter.

IMHO, CNXT is a steal below $2.75......Good luck longs.

Hi bgoodman,
Thanks for your input, its great to hear such a positive opinion about CNXT

I'm probably looking to this stock only for the short term development of the current chart pattern, but if this works and it breakouts the $2.26 relative high, the long term technical outlook will be great.

Update:
News:
- CORRECTING and REPLACING Conexant Sets Date for Q4FY06 Earnings Conference Call

CNXT had a small negative reaction on the top of the triangle (the short term descending resistance), the support level is now located near $1.83, we are expecting an upside breakout at any moment, but till then CNXT should trade inside these two lines ($1.83 and $1.93).

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.70)

Se7en · October 16, 2006, 12:00:29 PM

CNXT moving up, bought some at 2$ ...

setravis · October 16, 2006, 05:01:07 PM

Thanks for the chart update Se7en ! Applaud....

Above the 50-Day-MA
Symmetrical Triangle (continuation) pattern .....Breakout !

52wk Range: 1.60 - 3.90

Volume: 21,227,796
Avg Vol (3m): 14,497,300

Technicals
Most Actives

Last Price Quote is:
9.05%above 13-day MA
5.06%above 50-day MA
RS Rating: 23

Fundamentals
Earnings Expected on Oct 26

Key Data:
Market Cap (M): $854.42
P/E Ratio: NA
PEG Ratio: 4.85
Next Earnings: 10/26/2006
Last Analyst Rating: Underperform

setravis · October 16, 2006, 05:04:57 PM

Press Release Source: Conexant Systems, Inc.

Conexant's Semiconductor Solutions Power Huawei's Cable Set-Top Boxes
Monday October 16, 8:00 am ET
New Huawei C2510 Receivers Slated for Deployment in China

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 that Huawei Technologies Co., Ltd., a leader in providing next-generation telecommunications network solutions for operators around the world, will base its new digital video broadcast cable (DVB-C) InfoLink C2510 set-top boxes (STBs) on Conexant's CX2415X MPEG audio/video (A/V) broadcast decoder family. Huawei's InfoLink C2510 receivers will be deployed in provinces including Guangdong, Zhejiang, and Guizhou in the People's Republic of China.

"China is a major player in the international consumer electronics marketplace, and the country's transition to all-digital information and entertainment networks is now fueling significant domestic demand for products such as set-top boxes," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "Our strong regional design presence can help leading-edge equipment vendors such as Huawei to quickly deliver products for this burgeoning new market."

"Conexant has been a valued supplier of broadband access products to Huawei for many years, and we are now expanding the scope of our business to include set-top box technologies," said Chen Chongjun, marketing director of Huawei's Fixed Network Terminals group. "Their highly integrated decoders provide us with a cost-effective, high-performance solution that will enable us to deliver top-quality receivers at a consumer-friendly price. The close proximity of Conexant's engineering teams in China is also important because it helps shorten our product development cycle and allows us to bring products to market more quickly and cost-effectively."

Conexant's CX2415X decoders provide consumer electronics manufacturers with a flexible, common platform that supports a broad array of applications in cable, satellite and terrestrial networks. The multi-purpose platform allows STB developers to leverage their hardware and software investments across multiple broadcast STBs and networks, and minimize their overall product development costs.

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

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 $1 billion. The company has approximately 2,800 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

About Huawei

Huawei Technologies is a leader in providing next generation telecommunications networks, and serves 28 of the world's top 50 operators, as well as over one billion users worldwide. The company is committed to providing innovative and customized products, services and solutions to create long-term value and potential growth for its customers.

Huawei's Fixed Network Terminal is one of the six product groups of Huawei, which including digital set-top box, access network terminals, video communication solutions, and digital home solutions, etc. As a world leading supplier of fixed network terminals, Huawei has doubled its market share each year for the past three consecutive years, and deployed its products in more than 60 countries with annual output of 10,000,000 sets. For further information, please visit http://www.huawei.com.

Conexant 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.

Ramsburg · October 17, 2006, 02:38:48 AM

Update:
Good News:
- Conexant's Semiconductor Solutions Power Huawei's Cable Set-Top Boxes

We just got the upside breakout we're waiting for

Now if this works from a technical point of view, we should have a $2.55 price target In Play (projection of the symmetrical triangle pattern). Volume was consistent with the breakout, and momentum is now starting to be hot, so we expect short term continuation, despite the possible re-test on the breakout level ($1.95).
We're just moving the suggested stop level a bit, and let this position running:

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.80)

Se7en · October 17, 2006, 05:29:41 PM

CNXT held up well on this red day ...

Se7en · October 18, 2006, 03:29:35 AM

hmm, CNXT has been boooyaahhhed by Cramer...

"Until they do the refinancing [of debt] , you got dead money." Cramer said the company also needs to restructure.

http://www.thestreet.com/_yahoo/funds/lightninground/10315650.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

setravis · October 21, 2006, 02:46:35 PM

Conexant Systems Inc. Earnings Conference Call (Q4 2006)
Scheduled to start Thu, Oct 26, 2006, 5:00 pm Eastern

Link : http://biz.yahoo.com/cc/0/73990.html

Se7en · October 21, 2006, 08:27:06 PM

Setravis, are you in CNXT at the moment and if so, are you planning to hold through earnings?

Ramsburg · October 23, 2006, 07:48:42 AM

Update:
CNXT has been trading short intraday ranges for the past couple of sessions... not much to comment here, the stock has been holding at $2.00 which is not bad for now looking this pause as a consolidation. We're moving the suggested stop level a bit:

Trading Plan:
Hold CNXT
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $1.85)

Se7en · October 24, 2006, 04:45:49 PM

CNXT broke through 9 & 50MA today ... $:-\$

The conference call will take place on Thursday, October 26, 2006, at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time, let's see if it recovers a bit before earnings.

bgoodman · October 24, 2006, 10:34:14 PM

Ramsburg,

WHAT HAPPENED?

Possibly an over reaction to TI.

Ramsburg · October 25, 2006, 01:18:41 AM

Quote from: bgoodman on October 24, 2006, 10:34:14 PM
Ramsburg,

WHAT HAPPENED?

Possibly an over reaction to TI.

Hi bgoodman,
Not sure what happened... but it was not nice to watch $:-\$

Update:
CNXT had a significant sell off, volume was not exhaustive but this correctional move brings CNXT to its ascending support line, at the same spot there is the interception of another line, the projection of CNXT's earlier resistance at $1.86, so I'm expecting some upside reaction at these levels.
I have no clues about the earnings, so let's just trade the chart... We'll change our stop level to $1.82 changing from «suggested stop» to an automatic stop at that price:

Trading Plan:
Hold CNXT with a stop @ $1.82

Se7en · October 25, 2006, 05:06:33 PM

Conexant Acquires Zarlink's Packet Switching Business
Wednesday October 25, 4:30 pm ET
Strategic Investment Strengthens Market-Leading Broadband Access Technology Portfolio

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 that it has acquired Zarlink Semiconductor's packet switching business in a $5 million all-cash transaction. Zarlink's packet switching product line includes a range of Fast Ethernet aggregation switches for network access equipment, and is complementary to Conexant's DSL central office (CO) product offering.

"The acquisition of Zarlink's packet switching business allows us to further strengthen our DSL technology portfolio and market-leading presence in broadband access markets," said Akram Atallah, senior vice president and general manager of Conexant's Broadband Access business. "Zarlink's digital switching logic technology is synergistic with our DSL central office product offering, and provides for non-blocking VDSL line card performance. Integrating our respective technologies will enable us to build on our solid foundation in access markets, and provides us with the opportunity to expand the product line into adjacent areas."

Zarlink's packet switch core engineering team has produced six generations of packet switches and management software over the past seven years and has 40 patents and patents-pending relevant to the business. Their team of highly experienced digital switching logic engineers is now a part of Conexant's Broadband Access group, and will be based in the company's headquarters in Newport Beach.

Conexant is the No. 1 provider of DSL semiconductor solutions, and has shipped more than 150 million DSL ports. The company's CO DSL solutions have been deployed worldwide by over 50 major service providers. Customer premises equipment (CPE) and CO 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. Fiber access solutions include the Xenon family of products for PON applications.

http://biz.yahoo.com/bw/061025/20061025005984.html?.v=1

bgoodman · October 25, 2006, 10:07:11 PM

The acquisition news a day before earnings should be positive. We should meet earnings or beat them, as it would be very unlikely to announce the deal if they were going to miss earnings. GLTA

Conexant Acquires Zarlink's Packet Switching Business
Wednesday October 25, 4:30 pm ET
Strategic Investment Strengthens Market-Leading Broadband Access Technology Portfolio

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 that it has acquired Zarlink Semiconductor's packet switching business in a $5 million all-cash transaction. Zarlink's packet switching product line includes a range of Fast Ethernet aggregation switches for network access equipment, and is complementary to Conexant's DSL central office (CO) product offering.

"The acquisition of Zarlink's packet switching business allows us to further strengthen our DSL technology portfolio and market-leading presence in broadband access markets," said Akram Atallah, senior vice president and general manager of Conexant's Broadband Access business. "Zarlink's digital switching logic technology is synergistic with our DSL central office product offering, and provides for non-blocking VDSL line card performance. Integrating our respective technologies will enable us to build on our solid foundation in access markets, and provides us with the opportunity to expand the product line into adjacent areas."

Zarlink's packet switch core engineering team has produced six generations of packet switches and management software over the past seven years and has 40 patents and patents-pending relevant to the business. Their team of highly experienced digital switching logic engineers is now a part of Conexant's Broadband Access group, and will be based in the company's headquarters in Newport Beach.

Conexant is the No. 1 provider of DSL semiconductor solutions, and has shipped more than 150 million DSL ports. The company's CO DSL solutions have been deployed worldwide by over 50 major service providers. Customer premises equipment (CPE) and CO 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. Fiber access solutions include the Xenon family of products for PON applications.