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Against this backdrop, and prior to seeing the impact of new competition and the development of new markets, will investors be willing to reward BSX shares?.
2
negative
Apple has a tighter control on its sales channel with a vastly more integrated product line creating a higher probability of success with its foray into consumer electronics and non-Mac products than any other PC vendor.
1
positive
ESV's fleet is primarily focused on drilling in water depths less than 500', but the ENSCO 8500 semisubmersible series is capable of drilling in up to 8,500' of water..
0
neutral
Bruce Nordstrom was named as the Chairman of the Board.
0
neutral
CELG submitted an SPA to the FDA in 2Q07 for Phase 3 as a lower risk approach to gaining FDA approval..
1
positive
Next year, principal payments of only $34 million are required.
0
neutral
Had that revenue been recognized during the quarter, segment revenue would have increased 6.9%.
1
positive
Dollar General operates 7,821 traditional dollar stores and 38 Dollar General Markets, which include a broader assortment of food.
0
neutral
Intuit lowered its outlook for FY03 revenue and pro forma EPS based upon the effects of the US economic slowdown.
2
negative
AT&T contributed 270 global accounts, which produced roughly $1.2 billion in annualized revenues in the third quarter of 2001.
0
neutral
Risks include high catastrophe losses, loss costs rising faster than management expects, and increased personal auto insurance competition..
2
negative
eBay will provide a more detailed update on the CQ1 earnings call.
0
neutral
The sections below present key points from the meetings..
0
neutral
The company has consistently generated positive annual free cash flows throughout recent cycles and posted solid free cash flows during the economic downturn during the earlier part of this decade.
1
positive
lowered FY04 basic subscriber guidance to flat year/year, vs +0.5% growth previously.
2
negative
Some of these losses were offset by lower cost of funds.
0
neutral
Dell: While several sell-side analysts had based their positive views in AMD on the prospect of AMD penetrating DELL, a breakthrough does not appear imminent in our view.
2
negative
We believe a 12MM sales level in FY2009 would imply sales below scrappage, and the first reduction in U.S. vehicles in operation on record.
2
negative
This normally translates into strong equipment demand.
1
positive
restructuring charge) EBITDA Cash Earnings Average Shares (diluted) EPS (excluding restructuring) EPS (including restructuring) Cash EPS Tax Rate Investment Mgt.
0
neutral
On Monday, November 6, Judge Kaye entered a final order of judgment and upheld the $145 billion punitive damage verdict against the tobacco industry, denying a whole range of post-trial motions, and according to the industry, denying it due process.
2
negative
We continue to believe US '04 wireless capex will grow from '03 even after accounting for a $1bn cut in combined AT&T Wireless/Cingular capex.
1
positive
We continue to recommend shares on attractive valuation, smooth execution, and compelling product and performance leadership..
1
positive
We expect 2005 will be host to continued cost savings, where we have modeled a 120bps reduction in SG&A spend despite manufacturing facility expansion in New Jersey, Warsaw, and Puerto Rico. Below the operating line, interest expense declined $1.8 million sequentially, as Zimmer used strong cash flow generation to pay ...
1
positive
The company recognized a severance charge of $0.09 resulting from the elimination of approximately 900 positions, a $0.04 charge relating to the shutdown of the Los Angeles Times San Fernando Valley printing facility and a non-operating loss of $0.04 relating to the derivative component associated with the company's PH...
2
negative
Positive risks also include a stronger recovery than expected to the commercial aerospace cycle (commercial OEM aerospace sub-segment in particular) and the ability to drive overall margins above and beyond last cycle levels.
1
positive
Palm sells electronic handheld devices that provide features such as task management, contact information, and calendaring.
0
neutral
We see current stock price as an excellent buying opportunity.
1
positive
FAS 142 requires goodwill to be allocated to reporting units and tested for impairment at least annually or more frequently if necessary.
0
neutral
We believe management will be restricted in using the proceeds from the sale given restrictive debt covenants governing the sale of collaterized assets, which likely must be invested back into the automotive business.
0
neutral
In addition, the company could apply this drug delivery system to other drugs.
0
neutral
In fact, up until recently, Siebel has traditionally partnered with various other vendors to provide Analytics, however, with the recent acquisition of nQuire, Siebel has taken a more strategic interest in developing and selling its own Analytics products in the future.
0
neutral
Accordingly, we now expect flat revenues and a 1.2% decline in EBITDA for CCU's radio division.
2
negative
Furthermore, we would urge the company to divest non-core assets in 2006 such as former UPN stations, smaller market Fox affiliates, anything from the U.K. family of newspapers and perhaps some Eastern European outdoor properties..
0
neutral
Consequently, we are increasing our 2005 EPS estimate from $4.60 to $4.71 (implying 21% EPS growth) and increasing our price target from $78 to $82.
1
positive
The increase in the latest month was evenly split between an increase in the number of cows and the yield per cow.
1
positive
With these two new size approvals, Cordis should have nearly a full complement of stent sizes to address 95% or so coronary lesions using a drug-eluting stent.
1
positive
As a reminder, we did not adjust down our F2002 EPS estimate for these potential divestitures as we were awaiting their announcement.
0
neutral
In addition, we believe that the entrepreneurial management style of the company, the drive for superior performance and the incentive compensation program encourage acquired company management, who may have been stifled in the past, to step up and excel..
1
positive
Given that Fed Funds are currently at 3.50%, and should approach 4.0% by the end of 2005, we believe this was a good decision by the company.
1
positive
� Our additional concerns with TXN include high PC exposure and cautious distributors.
2
negative
Earnings Outlook and Investment Appraisal Our operating EPS projections for 2005 and 2006 are unchanged at $4.30 and $4.78, respectively.
0
neutral
Since the launch the company has shipped over 2,500 Sun Fire 6800 systems.
0
neutral
As a consequence, other manufacturers will have to introduce similar products, further, depressing margins and increasing the shift from the premium to the price-value segment.
2
negative
As a result of bad weather and bad policy (for the consumer--good for the farmer) the cycle is turning.
2
negative
We do think the stock will continue to trade at a premium to the group but this is the most cyclical name in our group with the highest multiple.
1
positive
However, the easy comparisons are likely to provide enough of a boost to make our mid single digit growth forecast achievable.
1
positive
Operating margins fell by 280 basis points to 15.9% compared to 18.7% a year ago.
2
negative
Very little risk of bloated Barbie inventories this year.
1
positive
Comparing these ROIC levels to current share prices, we see that both of Circuit's comparable companies trade between 1.4 and 2.1 times their 2004 ROIC estimates, while CC trades at a higher 3.0 times.
0
neutral
To this value, we apply a 2% discount to come up with a $51 price target.
0
neutral
Management believes that inadequate staffing/labor scheduling, poor manager cooking decisions, and difficulty forecasting demand have been the culprits behind periodic shortfalls in product supply.
2
negative
The drawback to such a potential acquisition might be the price, which might have to be pre-emptive given the relatively few potentially available world-class HVAC businesses.
2
negative
Introduced in early 2004, UltraSPARC IV is Sun's first multicore and "chip multithreaded" processor, and has so far been limited to the company's midrange (E2900) and high-end (E20K) servers.
0
neutral
Nearterm, investors with short time horizons could profit from CSCO's participation in a surge during the initial stages of the telecom spending recovery.
1
positive
Registered users grew to over 155 million, up from 125 million in March.
1
positive
The Market/Competition In the market for CAD software there are a handful of competitors each with particular strengths.
2
negative
continues to look for ways to improve and expand its retail presence.
1
positive
These ranges will enable the company to see operating margins range between 28% and 29%, more than 100 basis points above our prior forecast.
1
positive
Investment income rose 24% in the period, to almost $89 million, reflecting growth in investable assets and a shift in the portfolio to taxables..
1
positive
Certainly 8% organic sales growth and 8% pre-tax profit is nothing to scoff at, especially with P&G repurchasing shares.
1
positive
The company derives 17% of its revenues from products related to elevated cholesterol and 16% to hypertension/heartfailure and then 43% to Merck-Medco. This latter activity is one of managing prescription drug care for employees in numerous organizations.
0
neutral
This should increase both the value of the information to clients and the likelihood that customers will pay a premium for such information.
1
positive
MetLife views this as a significant opportunity to grow sales through their existing customer base at considerably lower cost..
1
positive
All told, our consolidated tax rate estimate for 2003 declines to 41.3% (in line with company guidance of 40-42%) from 46.3% (our old estimate was significantly higher than prior management guidance of 42-44%).
1
positive
We expect Canada and the U.K. to stabilize, and with a potential resolution to Brazil before the end of the year, the stage should be set for much better results in 2006.
1
positive
Commitments were flattish versus last month, and Freddie appears to have run down outstanding commitments for the third consecutive month.
2
negative
MDT's AF product sales increased 24% this quarter, reflecting the recent introduction of the Cardioblate BP2 system.
1
positive
Display Technologies has manufacturing facilities in the US, China, Japan and Taiwan and is currently expanding capacity in Taichung, Taiwan and Shizuoka, Japan (SCP is based in South Korea).
0
neutral
Given the strong growth prospects for its businesses, we believe that we are more likely to be raising our estimates for CSCO, over the next year, and following regular earnings calls, than at any time in the past.
1
positive
However, we note that a slightly higher number of brokers said Humana was gaining share versus losing share, implying to us that Humana may be on its way to slowly regaining its share of the market.
1
positive
Southern has not yet provided earnings guidance for 2004.
0
neutral
The company's marketing and trading business is conducted through Constellation Power Source..
0
neutral
Strong cash flow generation comes from impressive 30%-plus operating margins (excluding interest on client funds) and low capital investment requirements.
1
positive
In addition to the drop in production, costs as stated in the 10K are expected to average $255 per ounce over this period (up from 2006 guidance of $185/oz).
2
negative
Since Tazorac (topical tazarotene) is already indicated for the treatment of both acne and psoriasis and Tazoral was shown to work for acne in Phase II studies (which the FDA noted were even presented at a previous medical meeting), the panel was afraid that this information would be enough for doctors to prescribe thi...
0
neutral
We're encouraged - vol's are good and they are moving price.
1
positive
The company also launched a bonus credit product -- known as Strategic Partners Advisor -- with enhanced death benefits and a retirement income option..
0
neutral
Flows, fund perf, op lev, and buybacks all make us feel warm.
1
positive
In the September 2000 quarter, products selling into the communications sector represented 78% of total revenues.
0
neutral
FE would acquire 2.2 million GPU customers and believes it can achieve substantial revenue synergies by serving those customers from its underutilized baseload generation fleet and from its unregulated energy services operations.
1
positive
While we still think a deal is likely, the cash position will not be the driver of the purchase and buybacks will likely remain the home of excess cash.
0
neutral
A full note is available in the FPK Research Library.
0
neutral
We are raising our long-term EPS growth rate to 13% and with a widening multiple discount to CL, we think PG has room for upside.
1
positive
Over the past four years, Comerica's net interest margin has been remarkably consistent ranging from 4.53% to 4.57%.
1
positive
Excluding acquisitions, capex in F2Q00 was $384.0 million.
0
neutral
Raising target to $74 as we now roll out to '08 estimates for valuation purposes.
1
positive
We are raising 2004 and 2005 estimates by 10 cents to $0.65 and $0.80 While making only a small change in our 2003 -- increasing our est. by 1 cent to 41 cents, we are raising our profit expectations for AdComms for '04 & '05 based on management's conviction it can get the business to breakeven by year end 2003.
1
positive
We think that the most significant near-term issues for Marshall & Ilsley include a softening national economy and a softening Upper Midwest regional economy.
2
negative
Offsetting the stronger controls business will be a weaker North American interior business, which is expected to see revenue decline by 3% - 5%, and post a contraction in operating margin.
2
negative
We believe the company's management is well-focused on driving top and bottom line growth, both organically as well as through M&A.
1
positive
The company noted increased demand for design studio options.
1
positive
A WORD ON COST SAVINGS -- Despite the focus on top-line growth, cost savings and productivity enhancements remain central to Kodak's ability to generate growth.
1
positive
The Dynamics business, which has become meaningful, is not likely to achieve meaningful margins any time soon (or ever), given the channel characteristics of the market.
2
negative
The programmable switching market grows by more than 20% annually and Excel had 4,300 systems installed at the time of the merger announcement.
1
positive
If not, UAN will reduce the amount of integration income that systems integrators such as Accenture, KPMG, PwC, etc.
2
negative
Production mail rose by double digits through the second quarter of 2000.
1
positive
Higher Education, Professional, and International Group (HPI) revenues rose 2.9%.
1
positive
More Cash Returned to Shareholders; Boosts Dividend 20%.
1
positive
Its EBITDA for the same period was negative $11 million, versus negative $18 million for the same portion of 1998.
2
negative