EDS (EDS) 19.30 -0.73 (-3.6%)
Previously scheduled to report tonight, the world's second-largest technology services provider postponed its earnings announcement until Nov 3 to evaluate a possible assets impairment of its Navy contract; Added that it continues to expect Q3 (Sept) to be at the high end of current guidance of $0.05-0.10, including the impact of the US Airways bankruptcy but excluding any possible NMCI impairment; Stock still takes a hit given EDS's troubled history and problems with its restructuring plan
Flextronics (FLEX) 11.56 -0.98 (-7.8%)
Electronic manufacturing service name matches the Q2 (Sept) Reuters Estimates EPS consensus of $0.17 but revenues were light at $4.14 bln; Company goes on to warn for Q3 (Dec) - putting EPS at $0.18-0.21 and sales at $4.1-4.4 bln; Traders are not too happy with Flextronic's outlook or comments on the conference call - characterized the current market environment as not that 'big of a deal;' Said its consumer segment is flat to slightly up; Competitors CLS and SANM are all weak tonight
Internet Security (ISSX) 19..24 -0.29 (+1.5%)
Small-cap provider of network and information security products delivers a 33% increase to profits, to $0.16 per share (consensus of $0.16), and a 21% rise to revenues, to $72.7 mln (consensus of $71.3 mln) in its Q3 (Sept) report; Company then guides Q4 (Dec)/FY04/FY05 total sales in line with Street expectations; ISSX has rallied 46% since late August and is now approaching its 52-week high of 21.21
NVIDIA (NVDA) 15.15 +1.81 (+13.6%)
Chip designer raises its Q3 (Oct) sales targets citing a product-mix shift and share gains in its GeForce graphics processor product family; Now sees revenues of $510-515 mln as compared to $470-502 mln earlier, and pegs gross margins at 31.7-32.7%; News has lifted rival ATYT (+3%) with it;
Western Digital (WDC) 8.50 +0.22 (+2.7%)
Disk drive maker shows solid upside to the Q1 (Sept) top and bottom-line consensus estimates in its report; Provided in line Q2 (Dec) sales guidance on its conference call, but was cautious on gross margins (said that they will be flat despite what is a seasonally stronger quarter than Q1); Blamed limited visibility, price competitiveness, and cautious commentary on the part of suppliers among other things; The hardships of the industry, however, remain well known, and the company's in line revenues forecast has prompted buying
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