07/17/2009：XLNX 分析

07/17/2009：XLNX 分析

XLNX在星期三07/15盘后ER，解读很不理想：

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.

星期四盘前低开，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的技术图形：

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

技术分析：

星期一07/13长下影探测上周最低点19，然后翻转。表明19是主要支撑线。07/15星期三随INTC ER所带动半导体板块高开，越过50/100SMA，窄幅横盘，小阴线，放量。

星期四ER后是一个低开带下影线的大阳线反转，放大量。低开在50/100SMA之下，然后越过50/100SMA。

星期五下影线再次探测了50/100SMA，开始缩量。

星期四的反转线量比星期三高开线大很多，所以，ER解读被用来洗盘。后市先要补跳空缺口，然后涨至主要阻力线22。突破22后，下一阻力在26。

后市看涨。