LEXR

[stout7735]

Lexr had profit in recent quarter...Suit won against Toshiba and $400+ million judgement entered...On break out alert again...Buy premarket 11/7/05...

[stout7735]

Also,Had a profit most recent quarter....$400+ million judgement against Toshiba confirmed and entered...

[Terliso]

Bull Market, Bull LEXR ..

[lalitha0]

 Reuters
Icahn reveals stake in Lexar Media
Monday November 14, 1:58 pm ET

WASHINGTON (Reuters) - Billionaire investor Carl Icahn on Monday revealed that one of his investment vehicles no longer holds a $39 million stake in software maker Siebel Systems Inc. (NasdaqNM:SEBL - News), but picked up 2.4 million shares, or about 2 percent, of memory card maker Lexar Media Inc. (NasdaqNM:LEXR - News)as of September 30, regulatory filings showed.

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The disclosure, in Icahn Management's quarterly 13-F filing with the U.S. Securities and Exchange Commission, also showed that Icahn cut his $102 million stake in Morgan Stanley to $13 million.

The quarterly disclosures include long positions, or bets that securities will increase in value and omits short positions, or bets that securities will decrease in value.

Icahn Management reported a total of $1.19 billion on long positions as of September 30, including a new 216,000-share stake in Walter Industries Inc. (NYSE:WLT - News) worth about $10.6 million.

The filing also shows that the portfolio continues to hold its 4.9 million share stake in Kerr-McGee Corp. (NYSE:KMG - News), a wise choice as the shares have increased in value to nearly $474 million as of September 30. from $372 million as of June 30.

The rules guiding the disclosures also allow filers to petition the commission for confidentiality for certain transactions. As he has done in past filings, Icahn requested such confidentiality for unspecified holdings in his personal filings as of September 30.

http://finance.yahoo.com/q/bc?s=LEXR&t=5d&l=on&z=m&q=l&c=

After hours it went up .10 to 8.14
Cramer is pumping it on Mad Money

Lalitha

[setravis]

Reuters
Icahn reveals stake in Lexar Media...........
Monday November 14, 1:58 pm ET


WASHINGTON (Reuters) - Billionaire investor Carl Icahn on Monday revealed that one of his investment vehicles no longer holds a $39 million stake in software maker Siebel Systems Inc. (NasdaqNM:SEBL - News), but picked up 2.4 million shares, or about 2 percent, of memory card maker Lexar Media Inc. (NasdaqNM:LEXR - News)as of September 30, regulatory filings showed.


The disclosure, in Icahn Management's quarterly 13-F filing with the U.S. Securities and Exchange Commission, also showed that Icahn cut his $102 million stake in Morgan Stanley to $13 million.

The quarterly disclosures include long positions, or bets that securities will increase in value and omits short positions, or bets that securities will decrease in value.

Icahn Management reported a total of $1.19 billion on long positions as of September 30, including a new 216,000-share stake in Walter Industries Inc. (NYSE:WLT - News) worth about $10.6 million.

The filing also shows that the portfolio continues to hold its 4.9 million share stake in Kerr-McGee Corp. (NYSE:KMG - News), a wise choice as the shares have increased in value to nearly $474 million as of September 30. from $372 million as of June 30.

The rules guiding the disclosures also allow filers to petition the commission for confidentiality for certain transactions. As he has done in past filings, Icahn requested such confidentiality for unspecified holdings in his personal filings as of September 30.

[setravis]

Looks like it has formed an...
Ascending Triangle (continuation) Pattern.

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation

Because of its shape, the pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises. If both lines were extended right, the ascending trend line could act as the hypotenuse of a right triangle. If a perpendicular line were drawn extending down from the left end of the horizontal line, a right triangle would form.

In contrast to the symmetrical triangle, an ascending triangle has a definitive bullish bias before the actual breakout. If you will recall, the symmetrical triangle is a neutral formation that relies on the impending breakout to dictate the direction of the next move. On the ascending triangle, the horizontal line represents overhead supply that prevents the security from moving past a certain level. It is as if a large sell order has been placed at this level and it is taking a number of weeks or months to execute, thus preventing the price from rising further. Even though the price cannot rise past this level, the reaction lows continue to rise. It is these higher lows that indicate increased buying pressure and give the ascending triangle its bullish bias.


"Got to keep an eye on it...because it could also be Triple Top (Reversal) !"

[Terliso]

LEXR looking good 

[fous]

Nice pick Setravis! Applauds 

That ascendle triangle is a beauty, Doesnt get much better than that 

-fousc

[Terliso]

You know what i love? what i love is LEXR, this gonna stay in my portfolio in the long, long-term.. why? .... Memory Cards manufacturers is increasing the capacity of the cards at least every 2 years... I think in the near future, instead of hard-drives you gonna start seeing Memory cards @ super high-capacity, or NAND-Flash memory in all the very famous MP3 Player "Apple IPOD's"...........We are in the battle of storage media... Hard-drive Perpendicular (New Technology) VS. Super High-Capacity Memory Cards (No moving object) what would you pick???

[Terliso]

Here's the Chart:

[Richard]

As I've commented before...flash is the future, this stuff is gonna be HOT.

[setravis]

Press Release Source: Lexar Media, Inc.


Lexar LockTight Security Technology Now Supported by the Nikon D200 Digital SLR Camera
Monday November 21, 9:00 am ET 
A Perfect Combination for Security-Conscious Organizations Requiring the Flexibility of a Mid-Range, Feature-Rich Digital SLR Camera


FREMONT, Calif.--(BUSINESS WIRE)--Nov. 21, 2005--Lexar Media, Inc. (Nasdaq:LEXR - News), a world leader in advanced digital media technologies, today announced that its LockTight(TM) technology will be supported in the Nikon D200 creating an ideal solution for photographers who want to fully utilize the advanced feature set in this new camera, including security functionality and burst mode shooting. Lexar Professional LockTight CompactFlash is a unique security technology that allows photographers and organizations to control access to information stored on the user's memory cards. Following full support in the Nikon D2X and D2Hs digital SLR cameras, the new Nikon D200 is the most affordable digital camera that includes built-in LockTight functionality.


"Security and controlling access to digital images continues to be a critical feature for vertical markets such as law enforcement, insurance, medicine or government. With LockTight, Lexar is offering a unique secure digital imaging solution for these markets," said John Omvik, director of professional product marketing, Lexar. "With the introduction of the D200, photographers and organizations in these markets now have three different Nikon cameras to choose from with varying feature sets and price points," he added.

Beyond security, the Lexar Professional CompactFlash with LockTight delivers a minimum sustained write speed capability of 80X, enough to take advantage of the D200's burst mode of 5 frames per second -- without delays in writing the data to the memory card (Lexar defines "X" within its speed-rating system as equivalent to a minimum write speed capability of 150 kilobytes per second). Any Lexar Professional CompactFlash card used with a Nikon D200 digital SLR camera is the ideal combination for shooting at weddings, sporting events or any venue where missing the perfect image is not an option.

"The comprehensive feature set of the D200 -- including the unique LockTight compatibility and functionality -- will appeal to many professionals around the world," said Kazuyuki Kazami, General Manager of Marketing, Nikon Corporation. "Among the D200's target customer base are organizations that have a real need to protect their content, demonstrate a chain of evidence and restrict access to confidential or sensitive image data. Lexar's LockTight system offers us a unique way to address these requirements from our vertical market customers," he added.

How LockTight Works

The combination of Lexar Professional CompactFlash with LockTight and Lexar's custom LockTight software creates a security solution ideal for photographers in fields such as forensic photography, scientific research, military and law enforcement. When used in conjunction with a camera that supports the LockTight system, access to the digital content stored on a LockTight card is restricted to authorized users and authorized cameras through card level, 160 bit authentication. Once the card has been registered to users and cameras, it will only work in those specific cameras and can only be accessed on a PC or MAC by those users with the login information established by the system administrator. A Lexar Professional CompactFlash Reader completes the security solution, as only the user's registered cameras and Professional CompactFlash Readers can recognize a secured LockTight card. LockTight cards that are not secured operate as normal cards.

When used in conjunction with a camera that supports the LockTight system, LockTight CompactFlash employs a unique strategy to protect data, and, as a result, LockTight cards are always "locked." A computer or camera cannot read or write data to/from a LockTight card until a critical authorization process takes place between the LockTight card and the host computer or host camera. This authorization process is where the 160-bit HMAC SHA-1 hash algorithm is employed.

Lexar Professional LockTight CompactFlash cards are currently available at photo-specialty stores and through key market value added resellers in capacities of 512MB and 2GB. More information on Lexar's professional products can be found at www.lexar.com/dp.

About Lexar Media, Inc.

Lexar is a leading marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets. The company holds over 90 issued or allowed controller and system patents, and licenses its technology to companies including Olympus Corporation, Samsung Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar sells its memory cards worldwide and through an exclusive agreement, also sells memory cards under the Kodak brand. Headquartered in Fremont, California, Lexar has operations in countries around the world. More information is available at www.lexar.com.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These statements include statements related to the digital photography market, the benefits and availability of, and consumer demand for, Lexar's products, including LockTight Compactflash, and the growth opportunities available to Lexar. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those anticipated by these forward-looking statements. These risks include that the growth and success of our business depends on our ability to achieve and maintain technology leadership, and develop, sell and market products that are commercially accepted. Readers should also refer to the risk factors described in our filings with the SEC, including our most recently filed Form 10-K and Form 10-Q. We assume no obligation to update the information in this release.

Lexar the Lexar logo and LockTight are trademarks of Lexar Media, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.



Contact:
Lexar Media
Diane Carlini, 510-580-5604
[email protected]
or
Matter Communications
Scott Signore, 978-499-9251
[email protected]

--------------------------------------------------------------------------------
Source: Lexar Media, Inc.

[setravis]

Ascending Triangle (continuation) Pattern
Breakout, after consolidation period.

Support @ $8.14...7.46...7.30
Resistance @ $8.93...10.45...13.00

Technicals....
Record Price High
Record Price Break Out.....
MACD - Bullish

Last Price Quote is:
9.41%above 13-day EMA
18.78%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $655.29 
P/E Ratio: NA 
PEG Ratio: -5.92667 
Next Earnings: 03/23/2006
Last Analyst Rating: Buy

[setravis]

Bounced back up after a dip to support at the 50-dma yesterday.
Lot's of news articles, mostly to do with this Toshiba Lawsuit.
News Headlines link:   http://finance.yahoo.com/q/h?s=LEXR


AP
Toshiba Appeals to Higher Court in Lawsuit
Tuesday December 6, 4:31 am ET 
Toshiba Appeals to Higher U.S. Court in Flash Memory Dispute


TOKYO (AP) -- Toshiba has filed an appeal to a higher court after it was granted a new trial in California in an ongoing legal dispute with Lexar Media Inc. over trade secrets for flash memory chips, the Japanese electronics maker said Tuesday.


The Santa Clara County Superior Court last Friday ordered a new trial after Toshiba Corp. filed a motion to reconsider the court's Oct. 14 ruling that had ordered Toshiba and its U.S. subsidiary to pay Lexar $465.4 million.

In that ruling, the court upheld a March jury verdict that said Toshiba stole Fremont, Calif.-based Lexar's trade secrets on flash-memory chips, which are used in portable music players, cell phones and other electronics products. Flash memory is a strategic technology for Toshiba.

Toshiba has denied wrongdoing.

In the latest move, Toshiba filed an appeal Monday in the California appeals court on parts of the lawsuit affected by the decision for a new trial, the Japanese firm said in a statement.

The court had said there was insufficient evidence to support the ordered damage payment, although the court did not overturn the jury's verdict.

"Toshiba is very pleased with the court's ruling last Friday, vacating what we consider to be an erroneous verdict on damages," the Tokyo-based company said in a statement. "We have strongly contested the allegations and denied wrongdoing throughout the proceedings and will continue to pursue all legal avenues."

In the lawsuit filed in 2002, Lexar said its secrets were misappropriated when then-partner Toshiba entered into a deal with SanDisk Corp., another memory chip maker and Lexar's biggest competitor.

After the jury verdict earlier this year, Lexar unsuccessfully sought an injunction to bar sales of Toshiba products using Lexar's technology in the United States.

Lexar also has a patent infringement case against Toshiba pending in federal court.




 

[setravis]

LEXR is taking off this morning , active in the pre-market .
This will make my day better !


LEXAR MEDIA INC (NasdaqNM:LEXR) Delayed quote data 

Pre-Market (RT-ECN): 9.36  0.98 (11.69%)

Last Trade: 8.38
Trade Time: Dec 19
Change: 0.00 (0.00%)
Prev Close: 8.38
Open: N/A
Bid: 8.21 x 100
Ask: 8.36 x 100
1y Target Est: 10.67

  Day's Range: N/A - N/A
52wk Range: 2.55 - 9.00
Volume: 0
Avg Vol (3m): 3,718,130
Market Cap: 676.48M
P/E (ttm): N/A
EPS (ttm): -0.95
Div & Yield: N/A (N/A)



Press Release Source: Lexar Media, Inc.


Lexar and Google Team Up to Offer USB Flash Drives with Popular Web Applications
Tuesday December 20, 9:00 am ET


FREMONT, Calif.--(BUSINESS WIRE)--Dec. 20, 2005--Lexar Media, Inc. (Nasdaq:LEXR - News), a world leader in advanced digital media technologies announced it is bringing Google applications directly to customers by including Picasa, Google Toolbar and Google Desktop Search applications on its line of popular USB flash drives. The offering is the first time consumers will be able to install Google applications from a USB flash drive directly to their desktop to edit photos, find files and search the web using popular Google applications.


"While these popular applications have traditionally been available on the web directly from Google and other web affiliates, offering them on a Lexar JumpDrive provides a new channel to reach customers," said Steffen Hellmold, vice president of USB flash drives at Lexar. "Taking web-based applications from Google and making them available on the Lexar JumpDrive line is appealing to retailers and is very valuable to consumers worldwide."

Customers who purchase a Lexar JumpDrive simply have to plug the device into the USB port, on their computer, where the user will be prompted with instructions to easily install the free applications. If the user accepts installation, Google products automatically install to their computer and are then removed from the USB flash drive.

"We're excited to make it possible for people to easily search the documents, photos, music and video they store on their Lexar JumpDrives and computer hard drives as well as to find information on the Internet," said Marissa Mayer, Google's Vice President, Search Products & User Experience.

Lexar JumpDrive products with Google applications will be available worldwide beginning in January 2006.

About Lexar Media, Inc.

Lexar is a leading marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets. The company holds over 92 issued or allowed controller and system patents, and licenses its technology to companies including Olympus Corporation, Samsung Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar sells its memory cards worldwide and through an exclusive agreement, also sells memory cards under the Kodak brand. Headquartered in Fremont, California, Lexar has operations in countries around the world. More information is available at www.lexar.com.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These statements include statements related to the benefits and availability of, and consumer demand for, Lexar's products, including Lexar JumpDrive products with Google applications, and the growth opportunities available to Lexar. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those anticipated by these forward-looking statements. These risks include that the growth and success of our business depends on our ability to achieve and maintain technology leadership, and develop, sell and market products that are commercially accepted. Readers should also refer to the risk factors described in our filings with the SEC, including our most recently filed Form 10-K and Form 10-Q. We assume no obligation to update the information in this release.

Lexar, the Lexar logo and JumpDrive are trademarks of Lexar Media, Inc. Google is a trademark of Google Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.



Contact:
Lexar Media, Inc.
Diane Carlini, 510-580-5604
[email protected]

--------------------------------------------------------------------------------
Source: Lexar Media, Inc.