AllThingsD » Raymond James http://allthingsd.com Sat, 11 Feb 2012 12:35:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 It’s Cellphone Mania as Street Sees Signs of Recovery http://allthingsd.com/20090310/it%e2%80%99s-cell-phone-mania-as-street-sees-signs-of-recovery/ http://allthingsd.com/20090310/it%e2%80%99s-cell-phone-mania-as-street-sees-signs-of-recovery/#comments Tue, 10 Mar 2009 18:40:22 +0000 Eric Savitz http://voices.allthingsd.com/?p=9328 Shares of companies in the mobile phone sector are staging a furious rally today, with many companies up by 10 percent or more, on some hints from the industry that demand might be bottoming. Here are a few factors contributing to the more bullish tone:

  • Texas Instruments (TXN) last night narrowed its Q1 guidance range. The post-earnings conference call was hardly bullish, but TXN VP for investor relations Ron Slaymaker did say that the company’s wireless business is doing a little better than expected, and that “the handset number came up a little bit relative to our initial expectation.”
  • According to a research note from Raymond James analyst Todd Koffman, executives from RF Micro Devices (RFMD) speaking at the Raymond James conference in Orlando yesterday said that handset demand has strengthened in the current quarter, with February stronger than January, and January stronger than December. The company indicated that it expects rapid improvement in capacity utilization, which was at just 25 percent in early March.

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]]> http://allthingsd.com/20090310/it%e2%80%99s-cell-phone-mania-as-street-sees-signs-of-recovery/feed/ 0 Trina Sell-Off Overdone, Says Raymond James http://allthingsd.com/20080818/trina-sell-off-overdone-says-raymond-james/ http://allthingsd.com/20080818/trina-sell-off-overdone-says-raymond-james/#comments Mon, 18 Aug 2008 22:27:35 +0000 Tiernan Ray http://voices.allthingsd.com/?p=2775 Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4 percent today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year. The selloff may be overdone, opined Raymond James analyst Pavel Molchanov in a chat I had with him by phone this afternoon.

Trina sales of $204.2 million nearly tripled from the prior-year period, beating the average $202.5 million estimate, while profit of 68 cents was short of an 81-cent estimate, in large part because of a $6.1 million foreign exchange loss owing to the rise in the Chinese Renminbi against the dollar.

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