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2014-02-27 22:47 | Report Abuse
All sleeping well after the profit taking...
2014-02-27 22:46 | Report Abuse
Haha, hopeless stock... As I said earlier...
2014-02-27 06:43 | Report Abuse
Avago Technologies (AVGO) stock hit a new high Wednesday after its fiscal Q1 earnings beat estimates, but the chipmaker lowered projections for the current quarter.
Avago late Tuesday gave a Q1 report that showed strong sales in its wireless division offset weaker-than-expected industrial demand.
Avago stock rose 4.9% in the stock market today, closing at 61.90. Earlier Wednesday, Avago stock touched a record high of 63.49.
The company makes chips used primarily in wireless communications, wired infrastructure and industrial markets.
Avago reported revenue of $709 million for the quarter ended Feb. 2, up 23% from the year-earlier quarter and above the analyst consensus estimate of $706 million. It was the third quarter in a row of accelerating revenue growth.
Earnings per share minus items rose 29% to 84 cents, above consensus of 79 cents and also the third quarter in a row of acceleration.
For its current fiscal Q2, however, Avago sees revenue of $667 million to $688 million, lower than the consensus estimate of $697 million.
Analysts said the softer sales guidance is likely the result of slower-than-expected sales of wireless chips, due to a product transition at Apple (AAPL) and a slower ramp of the Samsung Galaxy S5.
In the company's earnings release, Avago CEO Hock Tan said the company experienced "significant growth in its wireless and wired infrastructure group" last quarter, and saw a recovery in the industrial market.
"While we expect this broad-based improvement to sustain into the second fiscal quarter, measured on a year-over-year basis, this will be overshadowed by a sequential decline in our wireless revenue resulting from the annual product transition at a major smartphone OEM customer," Tan said. Analysts say the customer is Apple.
Apple is expected to launch a new iPhone — likely to be called iPhone 6 — in the fall, though it might come as early as July, as IBD reported. Samsung will roll out its new Galaxy S5 on Monday.
Several analysts maintained a buy rating on the stock.
"We believe Avago's proprietary technologies, strong IP portfolio, and diverse customer base in several growth markets position the company for strong long-term growth trends with industry-leading margins," wrote Michael Walkley, an analyst at Canaccord Genuity, in a research report Wednesday. Walkley has a buy rating on Avago and a price target of 65.
2014-02-26 06:46 | Report Abuse
David, you are so confidence!!! Yes, moving to main board in one or two weeks time from now.... for sure.... hold tight tight and let move to next level... "Main board"....
2014-02-25 23:02 | Report Abuse
Last call for discounted price before move to main board...
2014-02-24 23:14 | Report Abuse
Need to think twice why the price drop significantly although the QE report is very good???
2014-02-24 23:01 | Report Abuse
Omg, moving to main board is just a rumors....
2014-02-23 13:08 | Report Abuse
Although everything is good but the share price might drop, I think.... That is the way Dato control the price....
2014-02-23 10:32 | Report Abuse
slts, why this stock price keep dropping???
2014-02-23 10:22 | Report Abuse
This company was fully controlled by Dato, he tried to let down the stock price to accumulate the stock at lower price and at the same time try to accumulate the stock as much as possible to privatize it or at least hold certain percentage of share... So none of us can make a change unless you are the billionaire are willing to take up this company... And able to goreng the price... Else you are the one who follow the wind... But one thing can conclude that the Insas price will be around half of Inari price... When Inari up Insas will up... Let see how accurate of my analysis...
2014-02-23 09:54 | Report Abuse
Beware of profit taking... No impact for long terms investors...
2014-02-22 20:09 | Report Abuse
Chiam, my new TP is 2.50.., still hold tight tight...
2014-02-22 19:19 | Report Abuse
Don't worry, it's just a healthy correction...
2014-02-22 18:18 | Report Abuse
After the long run rallies, correction begin... Hold tight tight....
2014-02-22 07:17 | Report Abuse
Inari ESOS exercise share price at 1.49... More investors to be expected...
2014-02-17 22:05 | Report Abuse
Chiam, my retirement plan almost there already.... The whole basket egg now become little chicken already...
2014-02-16 21:30 | Report Abuse
Move to main board? Not so early... Still no news yet...
2014-02-15 18:13 | Report Abuse
slts, finally your dream come true.... WA now at 1.40....
2014-02-14 14:54 | Report Abuse
thanks slts to pushing hard to the new high... Billion thanks...
2014-02-11 23:37 | Report Abuse
Buy for keep, later you will very happy...
2014-02-07 21:38 | Report Abuse
Don't blame slts la, he come to help us actually.... When every time he come back from other planet sure he will bring a lot of wealth for us... When he appear in our lovely earth planet for sure the new high will be hitting soon...
2014-02-05 16:00 | Report Abuse
See who sold early, regret now...
2014-02-04 09:16 | Report Abuse
CNY Ang Pow with discounted price...
2014-02-03 21:51 | Report Abuse
5~10% better than last quarter.
2014-02-03 13:04 | Report Abuse
EPF and more local or foreign giant fund institutions soon will entered Inari, new high will be achieve very soon... at the range of RM2.20 ~ RM2.80 by next quarter....
2014-01-30 23:23 | Report Abuse
The Q2 results will be out by end of Feb and the timing to move to main board almost at the same day.... Double happiness.... Huat ah....
2014-01-30 16:37 | Report Abuse
Jump high la.... Moving to main board is for sure + funtastic Q2 results.... The golden horse can fly liao...
2014-01-30 15:51 | Report Abuse
Got bullets now but still think the price still high... Want to enter also cannot... After CNY, you will see a big jump...
2014-01-30 15:30 | Report Abuse
Soon this stock will collapse...
2014-01-29 21:27 | Report Abuse
Ya, for sure will fail to transfer to main board.... Pls sell all your shares, I am waiting to collect at discount price....
2014-01-27 13:32 | Report Abuse
Discounted price, time to collect...
2014-01-24 14:05 | Report Abuse
Pls sell all your shares if you really not understand about this company background.... For me, I keep buying and hold tight tight...
2014-01-23 17:37 | Report Abuse
The show finished, time to recover....
2014-01-21 06:51 | Report Abuse
chiam, don't worry this week for sure will hit another new high.... Just watch the shows....
2014-01-15 22:38 | Report Abuse
Don't go up too fast.... as I plan to accumulate more...
2014-01-15 13:03 | Report Abuse
Keep continue the downtrend.... 1.00 is a legend!!!
2014-01-13 06:50 | Report Abuse
When the time slts appeared, that is the best timing for new high to set....slts from other planet to bring down the wealth to all Inari supporters.... Good jobs....
2014-01-12 22:14 | Report Abuse
Not necessarily, some adjustment still needed before next level.... Stay tune....
2014-01-11 13:00 | Report Abuse
Wait for another 2 months, time for accumulating...
2014-01-08 21:59 | Report Abuse
No hope for this stock, luckily sold early.... Inari up also can't bring this stock up.... Run....
Stock: [INARI]: INARI AMERTRON BERHAD
2014-02-28 06:45 | Report Abuse
"Us market not equal to Europe market..."
NEW YORK -- In a flashback to 2013, the Standard & Poor's 500 stock index rallied to an all-time closing high Thursday, bringing the bullish vibe back to Wall Street.
After flirting with a new closing peak the previous three sessions, the benchmark U.S. stock index finally blasted through the milestone, jumping 0.5% to close at 1,854.29 and topping mid-January's previous record close of 1,848.38.
The all-time high, its second of the new year after 45 record closes in 2013, officially marks the end to its recent 5.8% "pullback." The Russell 2000 index of small cap stocks also closed at a record high, as did the broad Wilshire 5000.