07/17/2009：XLNX 分析

07/17/2009：XLNX 分析

XLNX在星期三07/15盤後ER，解讀很不理想：

Xilinx forecasts weak Q2 margins, shares slide

* Xilinx Q1 EPS ex items 21 cts vs 19 cts Street view

* Sees revenue up 2-6 pct in fiscal Q2 from Q1

* Shares down more than 5 percent

SAN FRANCISCO, July 15 (Reuters) - Specialized chip maker Xilinx Inc (XLNX.O) forecast second-quarter margins at the lower end of expectations, helping send its shares lower despite slightly beating first-quarter earnings estimates.

Its shares slid 5.1 percent in after-hours trade, but that came after a 4 percent rally in the regular session when stellar earnings from Intel Corp (INTC.O) boosted sentiment for the chip sector in general.

Xilinx made a net profit of $38.01 million, or 14 cents per share, in the fiscal first quarter ended in June, compared with $89.3 million, or 30 cents a share, a year ago.

Excluding certain items, Xilinx earned 21 cents a share. That exceeded expectations for 19 cents a share, according to Reuters Estimates.

Xilinx said it sees sales up 2 percent to 6 percent sequentially in the fiscal second quarter, and gross margins at 61 percent.

Xilinx had said on July 2 that supply restraints made it impossible to meet demand for its cutting edge Virtex-5 devices, lowering revenues. It said that problem should be resolved in the current quarter.

At the time, it forecast fiscal first-quarter gross margins of 61 to 63 percent.

星期四盤前低開，News：

Ahead of the Bell: Xilinx shares slump

NEW YORK (AP) -- Shares of Xilinx Inc. dropped in premarket trading Thursday after the chip maker delivered lackluster first-quarter results.

Xilinx topped earnings forecasts late Wednesday, reporting an adjusted profit of 21 cents per share, compared with the average estimate of 19 cents.

But sales fell short, dropping 23 percent year-over-year to $376.2 million. The average Wall Street projection was $381.4 million, according to Thomson Reuters.

Xilinx, based in San Jose, Calif., saw shares fall $1.19, or 6 percent, to $19.47 ahead of regular trading.

Still, Jefferies & Co. analyst Adam Benjamin kept a "Buy" rating on the stock. He told clients in a note Thursday that Xilinx is a "well-diversified business that has an attractive competitive positioning, and we believe the stock will outperform as Xilinx gains share."

Tristan Gerra, of Robert W. Baird, reiterated a "Neutral" rating in a note Thursday. He also sees Xilinx taking a bigger piece of the semiconductor market in the second half of the year, helped by sales of its Virtex 5 chips.

Gerra added that gross margin should bottom this quarter and return to normal levels.

截止星期五07/17/2009的技術圖形：

清晰大圖：http://farm3.static.flickr.com/2510/3731902449_758f9494d3_o.gif

技術分析：

星期一07/13長下影探測上周最低點19，然後翻轉。表明19是主要支撐線。07/15星期三隨INTC ER所帶動半導體板塊高開，越過50/100SMA，窄幅橫盤，小陰線，放量。

星期四ER後是一個低開帶下影線的大陽線反轉，放大量。低開在50/100SMA之下，然後越過50/100SMA。

星期五下影線再次探測了50/100SMA，開始縮量。

星期四的反轉線量比星期三高開線大很多，所以，ER解讀被用來洗盤。後市先要補跳空缺口，然後漲至主要阻力線22。突破22後，下一阻力在26。

後市看漲。