Movimentos no after-hours

[Joao Henriques]

Silicon Labs (SLAB) 33.00 +5.77 (+21.2%)
After warning for Q4 (Dec) Oct 25, circuit maker tops the Reuters Estimates EPS consensus by $0.04; Revenues also matched the market's expectation of $95.5 mln; Management went on to issue upside guidance for Q1 (Mar), putting revenues at $101-105 mln (consensus of $99.35 mln); On its call, the company noted that inventory decreased slightly during Q4 with management noting its 'inventory issues are largely behind us;' Related company BRCM has gotten a slight bounce tonight

Altera (ALTR) 18.06+0.18 (+1.0%)
After reducing its sales outlook twice for Q4 (Dec), maker of programmable microchips exceeds the downwardly revised Reuters Estimates consensus; Company reports EPS of $0.15 on revenues that grew 10% to $239.9 mln; On its call, Altera projects Q1 (Mar) sequential revenue growth of 1-3%, which is at the low-end of analyst estimates; The company, however, adds that gross margins are expected to be 69%; Rival XLNX has gotten a boost off the news 

Brocade Systems (BRCD) 6.24 +0.10 (+1.6%)
Computer storage device maker says it will restate earnings for some prior periods based on an internal review by the company's audit committee; Management plans to record added stock-based compensation charges and restate net income results for FY02, FY03, and FY04; On Jan 6, the company said it incorrectly accounted for grants that were made to new hires on their offer acceptance date, rather than start date; Tonight, Brocade also named
Michael Klayko as CEO

Netflix (NFLX) 12.94 +1.80 (+16.2%)
After issuing mixed guidance for Q4 (Dec) and saying that it planned to run the business at breakeven in 2005, on demand video service reports upside to the Street's estimates for EPS, revenues, subscriber acquisition costs, and churn rate; Company then issues better than expected sales forecasts for Q1 (Mar) and FY05 (Dec); On its call, Netflix says that it 'believes there is much less uncertainty in market than what is reflected in the stock price' and that the 'incremental threat from Amazon.com is not as strong as it used to be due to Blockbuster pricing'

palmOne (PLMO) 23.80 -2.79 (-10.5%)
Handheld computer company announces that its CEO (Todd Bradley) has resigned; The resignation is effective Feb 25, which is at the end of palmOne's fiscal quarter; Bradley will be replaced on an interim basis by Ed Colligan, President, while the company searches for a permanent successor; The company has had a number of changes to its top-level executives in recent weeks: the Head of Global Operations resigned last week, and a new CFO just started