Cashmaker's hot stocks and trading

[cash-maker]

Flextronics upgraded by BOA

Flextronics upgraded by BOA

Analyst Actions: Flextronics Adding 1% on Upgrade - Early Volume Thin but Top Bid Higher at 13

75 words
9 August 2005
03:05 pm
MidnightTrader
English
(c) 2005 Midnight Trader, All Rights Reserved

Boston, Aug 09, 2005 (MidnightTrader via COMTEX) --

FLEX is up about 1% in its first thin-volume pre-market match after the stock was reportedly upgraded by Bank of America to Buy. The firm also set a price target of $17 per share.

Price: 12.93, Change: +0.16, Percent Change: +1.2





http://www.midnighttrader.com

Document MDNTDR0020050809e1890008g

RESEARCH ALERT-BofA ups Flextronics to "buy" from "neutral"

37 words
9 August 2005
06:32 am
Reuters News
English
(c) 2005 Reuters Limited

BANGALORE, Aug 9 (Reuters) -


FLEXTRONICS INTERNATIONAL LTD.
Current Prior
Rating Buy Neutral
Price Target $17 $15


TECH-FLEXTRONICS-RESEARCH1|LANGEN|Table|ABN|E|U|RBN

Document LBA0000020050809e1890013u

 

[cash-maker]

Contract between FLEX and NT

Contract between FLEX and NT

To FLEX, the Nortel contract will ramp up significantly this year. Revenues from that telecom equipment manufacturer should be roughly $300 million in the June quarter, and $500 million in the September period. The agreement will likely be solidly accretive to share earnings in fiscal 2005. Acquisition costs during calendar 2005 will run about $700 million. As the contract expands to include printed circuit boards (PCBs) and enclosures, annual revenues ought to be between $2 billion and $2.1 billion.

http://www.forbes.com/markets/2005/...-earnings-0809markets11.html?partner=yahootix

Goldman Sachs said potential catalysts for the stock include continued benefit from the outsourcing agreement with Flextronics International (nasdaq: FLEX - news - people ), greater expectations from the Street as the company attempts to emerge from accounting issues, as well as continued cost-cutting.

 

[cash-maker]

Lazard earnings rise 30%

Lazard earnings rise 30%

Lazard (LAZ: news, chart, profile) reported second-quarter pro forma earnings of $32 million, or 32 cents a share, up from a year-ago equivalent profit of $24.7 million, or 25 cents a share.

The average estimate of analysts polled by Thomson First Call was for earnings of 33 cents a share in the June period.

Revenue rose to $336.4 million in the latest three months from $286.4 million in the same period a year ago.

Merger-and-acquisition revenue increased 35% to $182 million.

The stock closed Tuesday at $23.60, up 2.2%

 

[cash-maker]

UPDATE 2-Lazard second-quarter profit rises 30 pct

UPDATE 2-Lazard second-quarter profit rises 30 pct

322 words
10 August 2005
07:01 am
Reuters News
English
(c) 2005 Reuters Limited

(Recasts, adds details)

NEW YORK, Aug 10 (Reuters) - Lazard Ltd. , an investment bank specializing in mergers-and-acquisitions advising and asset management, on Wednesday said second-quarter earnings rose nearly 30 percent as deal activity increased.

Mergers-and-acquisition revenues jumped 35 percent to $182 million in the quarter. Investment banks are broadly seeing a surge in merger revenue, as rising stock markets and improving economic conditions spur companies to grow through acquisitions.

Lazard, a 157-year old banking partnership that went public in May, reported proforma net income increased to $32.02 million, or 32 cents a share, in the quarter ended June 30, from $24.74 million, or 25 cents, in the year-earlier period.

On that basis, analysts, on average, expected Lazard to earn 33 cents a share, according to Reuters Estimates.

Total revenue advanced to $336.4 million from $286.43 million a year ago. Operating revenue rose to $330.13 million from $282.06 million.

Net income according to generally accepted accounting principles (GAAP) was $27.59 million, down from $79.36 million.

Proforma figures for Lazard give a more accurate picture of the company's performance because the accounting rules used to calculate earnings on a GAAP basis for the second quarter, when the company was public, differ from rules used when it was a partnership.

Lazard shares closed Tuesday at $23.60 on the New York Stock Exchange, down 5.6 percent from their initial offer price of $25.

Its revenue growth from mergers was in line with other banks, such as Merrill Lynch & Co. , which said last month that second-quarter merger advisory fees rose 33 percent.

According to industry research firm Dealogic, first-half global merger volume rose 39 percent compared with the same period last year.

FINANCIAL-LAZARD-EARNS (UPDATE 2)|LANGEN|ABN|E|U|RBN|RNP|DNP|PCO

Document LBA0000020050810e18a0019x

 

[cash-maker]

Accenture Wins $6.3 Million Contract

Accenture Wins $6.3 Million Contract

86 words
10 August 2005
US Fed News
English
© Copyright 2005. Hindustan Times. All rights reserved.

By US Fed News

PHILADELPHIA, Aug. 10 -- The Defense Logistics Agency has awarded a contract valued at up to $6.3 million to Accenture LLC, Reston, Va., for informational technology services.

The contract was awarded by the agency's Defense Supply Center, Philadelphia.

For more information about US Fed News contract awards please contact: Myron Struck, Managing Editor/US Bureau, US Fed News, Direct: 703/866-4708, Cell: 703/304-1897, [email protected].

HTS ssbn 050810-32454 SSACHDEVA

Document INDFED0020050810e18a00160

 

[cash-maker]

LAZ CC give strong guidance for the second half and 2006. M&A business growing and ex

LAZ CC give strong guidance for the second half and 2006. M&A business growing and expanding businesses in China and Japan.Announce 2Q dividend.

 

[cash-maker]

LAZ miss a penny should not affect its strong revenue growth and aggressive Net Incom

LAZ miss a penny should not affect its strong revenue growth and aggressive Net Income increase.

Compared to its 2004 business, LAZ grows significantly by their reduce compensation stratergy. A good buy when it goes dip and will pick up its lost ground soon. All their CC sounds good to me so far. People always pessimistic without kowning why. Overreaction should be corrected after investor digest the good CC.

 

[cash-maker]

Reuters good analysis and report on LAZ relate to compensation expense. Net Income sh

Reuters good analysis and report on LAZ relate to compensation expense. Net Income should be higher if under non-GAAP compared to 2004 before public traded.

The company's merger and acquisition revenues increased 35 percent to $182 million in the quarter.

Rising stock markets and improving economic conditions are spurring companies to grow through acquisitions, boosting merger and acquisition revenues for most major investment banks.

Total revenue advanced to $336.4 million from $286.43 million a year ago. Operating revenue rose to $330.13 million from $282.06 million.

Net income according to generally accepted accounting principles (GAAP) was $27.59 million, down from $79.36 million.

Adjusted figures for Lazard give a more accurate picture of the company's performance because the accounting rules used to calculate earnings on a GAAP basis for the second quarter, when the company was public, differ from rules used when it was a partnership.

For example, under a partnership, compensation to partners is not an expense, but for a public company, compensation to managing directors is an expense.

The difference helps explain why compensation and benefits expenses in the second quarter of 2005 rose more than $50 million to $161.15 million in the second quarter from the same quarter last year.

Its revenue growth from mergers was in line with other banks, such as Merrill Lynch & Co. , which said last month that second-quarter merger advisory fees rose 33 percent.

According to industry research firm Dealogic, first-half global merger volume rose 39 percent compared with the same period last year.

 

[cash-maker]

LAZ's comment by DJ news Jed Horowitz

LAZ's comment by DJ news Jed Horowitz

By Jed Horowitz
Of DOW JONES NEWSWIRES
1,092 words
10 August 2005
08:57 am
Dow Jones News Service
English
(c) 2005 Dow Jones & Company, Inc.
"
A recent surge in announced M&A deals, however, could bode well for Lazard and its competitors over the next several months. Greenhill & Co. (GHL), another boutique focused primarily on advisory fees, last month reported a 20% drop in second-quarter profits on declining deals.

"M&A activity is picking up, and Lazard should see some of the benefits," said Bo Brownstein, a vice president at Denver-based Cambiar Investors LLC, which manages about $4.4 billion and heard Wasserstein's presentations on the firm's outlook prior to the IPO. "The M&A business is where their story works or doesn't." Cambiar doesn't currently own Lazard shares.
"

Although M&A business slide this summer, LAZ still keep its revenue and profit growing. Compared to GHL and other M&A banks, LAZ is doing a better job than anyone of them in advisory and asset management busineese. I believe BOA and CSBF's $17 target this year has its reason and Fidelity and JPMorgan's 30% stake in LAZ will tell the reason. According to M&A industry data, Fall will be a great season and summer is the worst season. LAZ did a good job even during the worst business environment. CC also point out that the Bloomberg's misleading article relate to LAZ's French and Italy deal and saying that one or two big deals can affect its revenue temporarily, so don't pessimistic on the Euro business last quarter, "We are strong in Euro businesses and have strong team". The mis-reaction this morning on LAZ's stock price will be corrected after investors digest the good CC. Fidelity and JPMorgan and more institutions will buy instead of sell at this moment.

 

[cash-maker]

KOMG new high, OS coming back from the dip last week. MOT will see more momentum afte

KOMG new high, OS coming back from the dip last week. MOT will see more momentum after its good earning. FLEX head to its target $17 by BOA yeaterday. ACN target $30 by S&P analysis.

 

[cash-maker]

LAZ SEC filing showing the NI should be much higher if Tax rate keep the same level a

LAZ SEC filing showing the NI should be much higher if Tax rate keep the same level as 2004. 2005 Tax rate 29.5%compare to 19.9% in 2004. So If we look at EBITDA instead of NI, LAZ's 2005 second quarter jump 43% compared to 2004. Also, LAZ announce its quarter dividend 5 cent per share will attract more institutional investor especially those fix income fund or dividend fund. LAZ still under its IPO, it is undervalue when a company with constant growing rate in both revenue and profit for both annually and quarterly.

http://www.sec.gov/Archives/edgar/data/1311370/000089882205000974/aug9_exhibitfinal.txt

 

[cash-maker]

MORN jump 14% after 2Q earning. Called this one @ $23

MORN jump 14% after 2Q earning. Called this one @ $23

 

[cash-maker]

Very positive analyst report from Merrill on LAZ’s unseen revenue.

Very positive analyst report from Merrill on LAZ’s unseen revenue.
My target for this one is $25 IPO price in the short run. If LAZ report solid 3Q , they will fly like GHL . This article in-line with exactly what Wasserstein mention in CC that many people misunderstand the league-table rank in that we have advising businesses which are not reported to the league.
“The company finished 10th among global advisers through the first half of the year, advising on 94 deals valued at $146 billion. It earned a reported $264 million in fees, up 23% from the same period last year, according to Dealogic.
But not everyone sees the results as lacking.
"The cohort of senior bankers hired in the past couple of years is hitting its stride in terms of productivity," Merrill analyst Guy Moskowski wrote in a note Wednesday.
Moskowski also defended Lazard's league-table standing by pointing out that only six of 13 deals the bank advised on were reported in the league tables. "Lazard also sometimes receives revenue from advising in cases where there is ultimately no transaction, as in when it advises against doing a deal," he said.”
http://www.marketwatch.com/news/yho...o&guid={EB5D55C0-81BD-4AEC-8A6C-D79A5003BA25}

 

[cash-maker]

Raymarine Announces Flextronics Contract Agreement For 5 Yr
74 words
11 August 2005
07:59 am
Dow Jones International News
English
(c) 2005 Dow Jones & Company, Inc.
Edited Press Release
LONDON (Dow Jones)--Raymarine, a global leader in the supply of marine electronic products to the leisure boating market, Thursday announced an agreement whereby Flextronics will provide vertically integrated manufacturing services to Raymarine.
The services, which will be provided initially through Flextronics' Hungary facility, will include printed circuit board assembly, box build, plastics, metals, printed circuit board, logistics, and test engineering services. [ 11-08-05 1259GMT ]

 

[cash-maker]

Accenture Awarded Contract For Logistics Agency

ACCENTURE AWARDED CONTRACT FOR LOGISTICS AGENCY

IPR Strategic Information Database
English

(c) 2005 IPR Strategic Business Information Database
Accenture, LLP, Reston, Va., is being awarded a maximum $6,300,923 firm fixed price contract for Informational Technology Services for the Defense Logistics Agency. Contract funds will not expire in current fiscal year. The performance completion date is Dec. 5, 2006. There were six proposals submitted and three responded. The contracting activity is the Defense Supply Center Philadelphia, Philadelphia, Pa. (SP0103-05-F-A130).

ACN Target $30

 

[cash-maker]

Accenture unit aims for 25-30% growth

Accenture unit aims for 25-30% growth

The Chilean unit of US consulting firm Accenture expects to close this fiscal year, ending August 2005, with sales up 25-30% compared to FY04, the company's general director Ricardo Cerdán told BNamericas.
Cerdán declined to give a specific figure for revenues.
Operating in Chile since 2001, the company offers a wide variety of services from the strategic design of a process through to its technical implementation, including IT processes, an area which currently generates nearly 70% of total sales.
"We are an integral service provider, including IT concepts. We offer solutions on how to improve through new operational structures and we also help firms in the design of new operating models," Cerdán said.
In IT, the most requested projects are implementations of solutions such as enterprise resource planning (ERP), business intelligence (BI) and customer relationship management (CRM), besides optimization of technical architectures, according to the executive.
Accenture Chile divides its operations into four business units: the financial industry, telcos and high tech companies, natural resources and manufacturing, and consumption companies. Cerdán expects the largest operations to come from the banking and telecom markets, because of the nature of their businesses.
Most Accenture contracts in Chile are with large corporations and not with SMEs or public institutions.
"Because this operation is new, our strategy is still focused on reaching our targets in each of the industries we participate in, consolidating services for each one of them. The idea is to penetrate segments where we have no presence and increase penetration in those industries where we have a large growth potential, such as mass consumption and natural resources," he added.

 

[cash-maker]

Recent big M&A deal: Maytag's board, its investment banking adviser Lazard Ltd.

Recent big M&A deal: Maytag's board, its investment banking adviser Lazard Ltd.

Also today, LONDON (Dow Jones)--BA Capital Partners Europe, the private-equity unit of Bank of America Corp. (BAC), has appointed financial advisor Lazard Ltd. (LAZ) to sell Finland's Paroc Group Oy AB, people close to the situation told Dow Jones Newswires Monday.
This is a EUR500 million deal.

LAZ Target $27 by BOA and CBSF analyst.

 

[cash-maker]

ACN establish a "W" bottom, it is meant to be go up. Very solid company with strong m

ACN establish a "W" bottom, it is meant to be go up. Very solid company with strong market shares in IT outsource business. Mean Target by S&P500 and First Call is $30 and Valueline is $40. I called it @ 23.6

 

[cash-maker]

LAZ has big shares buying these days. Just now a 10000 shares purchased and last week

LAZ has big shares buying these days. Just now a 10000 shares purchased and last week there was a 24500 buy.

Take a look at I-watch, amazing institution buying.

http://thomson.finance.lycos.com/ly...icker?t=LAZ&range=7&mgp=0&i=3&hdate=&x=9&y=13

Very similar to NGPS last time, after it went down froom 22 to 14 without any reason, institution buying, such as Fidelity. Now LAZ already has 30% stake by JP Morgan and Fidelity. I bet LAZ will head to its mean target $26-$27 soon.

 

[cash-maker]

LAZ very strong uptrend, head to its IPO price. Big institution buying.

LAZ very strong uptrend, head to its IPO price. Big institution buying.