RSA Security (RSAS) 33.50 +0.86: Company files 10-Q for March qtr and revises EPS from previously reported $0.14 to $0.16 due to a revision of the valuation of the stock options assumed in connection with RSA Security's acquisition of Xcert International. RSAS shares up $0.25 to 33.75 after hours.
Sycamore Ntwks (SCMR) 9.38 -0.01: -- Update -- No specific forward guidance in press release, but company says that "we believe that the actions we have taken will lead to improved near-term financial performance over the third quarter".
Sawtek (SAWS) 26.01 +0.95: Company to be acquired by TriQuint (TQNT) for approximately $1.3 bln. Shareholders of Sawtek will receive 1.1507 shares of TriQuint. Based on today's close, the deal values SAWS at $30.26 per share, a 16% premium.
Network Appliance (NTAP) 22.53 +0.20: Reports Q4 pro forma earnings of $0.02 a share, in line with consensus, vs yr-ago net of $0.07; revenues rose 13% to $225.8 mln (mean $220 mln).
Sycamore Ntwks (SCMR) 9.38 -0.01: -- Update -- Reports Q3 loss of $0.19 a share, $0.01 worse than the First Call consensus of ($0.18), vs year-ago earnings of $0.02; revenues fell 8.4% to $54.20 mln from a year-ago of $59.18 mln.
Brocade Comms (BRCD) 42.50 +2.41: Reports Q2 earnings of $0.05 a share, in line with consensus, vs yr-ago net of $0.06; revenues improved 85.5% to $115.2 mln (mean $115.1 mln); now seeing signs that IT budgets may be thawing as companies reprioritize projects based on Return On Investment (ROI).
BEA Systems (BEAS) 34.04 +1.05: -- Update -- No additional guidance in the press release, but CEO comments sound positive, most notably this: "Bookings for the quarter were in line with our expectations, based on our pipeline at the beginning of the quarter.
Applied Materials (AMAT) 49.66 -0.03: Reports Q2 earnings of $0.32 a share, $0.01 worse than the First Call consensus of $0.33, vs year-ago earnings of $0.53; revenues fell 12.8% to $1.91 bln from a year-ago of $2.19 bln.
Abercrombie (ANF) 39.00 -0.35: Reports Q1 earnings of $0.20 a share, $0.04 better than the First Call consensus of $0.16, vs year-ago earnings of $0.16; revenues rose 28.6% to $263.68 mln from a year-ago of $205.01 mln.
BEA Systems (BEAS) 34.04 +1.05: Reports Q1 earnings of $0.08 a share, in line with consensus, vs yr-ago EPS of $0.03; revenues increased 67% to $257.2 mln (mean $252 mln).
DR. Broemme
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