DJIM Trader Alerts to 2011
Up to the minute alerts of the stocks DJIM traders are closely watching for a trade, a heads up of sorts. This section is mostly for the trader during market hours and those who are familiar with the DJIM trading methodology. In an effort to get information to you quickly, these alerts may only contain a few words, maybe only a symbol of the stock. It is best you keep up to date on the activities in Trader Journal as most plays originate from that page. Please remember Alerts are not a license to buy, watch for volume, market conditions and other indicators
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Breifing
Atheros Communications beats by $0.06, beats on revs Update : Earlier, we incorrectly reported that revenue rose 27.6% year/year to $112.2, when it in fact declined 7.6% to $112.2 mln vs the $103.7 mln consensus. The correct comment reads as follows... Reports Q2 (Jun) earnings of $0.20 per share, $0.06 better than the First Call consensus of $0.14; revenues declined 7.6% year/year to $112.2 mln vs the $103.7 mln consensus. Non-GAAP gross margins in Q2 were 47.4%, compared to 48.1% reported in 1Q09 and 50.8% in 2Q08. Non-GAAP operating income in 2Q09 was 10.8% of revenue, compared to 3.2% in 1Q09 and 16.6% in 2Q08. Cash, cash equivalents and short-term marketable securities were $340.6 million at June 30, 2009, up $51.8 million from the prior quarter. Cash flow from operations for the second quarter was $44.9 million, up $49.4 million sequentially from cash flow used in operations of $4.5 million reported in the first quarter of 2009.
This is a micro cap play that guided nicely this morning. We are in a little and are watching how things develop with this play. It's a pretty thin floater.
Just a caution on all commods' linked today, we hope it doesn't play..but...u never know at these levels (SPX)
You just gotta give it to these tech companies. When they beat, they do it in a grand fashion. Bought some in AH!