Jim Cramer Blog

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
NYMEX Holdings Dec 150 Calls (NYSE:NMX - News). NMX's PowerRating (for Traders) is 5.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
Google Dec 650 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 4.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Amazon.com Nov 110 Calls (NasdaqGS:AMZN - News). AMZN's PowerRating (for Traders) is 6.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
CME Group Nov 200 Puts (NYSE:CME - News). CME's PowerRating (for Traders) is 6.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Xilinx (NasdaqGS:XLNX - News). XLNX's PowerRating (for Traders) is 4.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Rite Aid (NYSE:RAD - News). RAD's PowerRating (for Traders) is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
WCI Communities (NYSE:WCI - News). WCI's PowerRating (for Traders) is 5.
Published By TradingMarkets.com

Labels: AMZN, CME, GOOG, NMX, RAD, stock options, WCI, XLNX

Summary: Activist investor Carl Icahn recently disclosed a 1.4% stake in Motorola Inc. (NYSE: MOT - News) and set out to force the company to buy back its shares at what he sees as cheap prices. Combined with recent buyouts of Freescale Semiconductor Inc. (NYSE: FSL - News) and Philips Electronics (NYSE: PHG - News), astute investors are eyeing telecom and chip companies with similar cash reserves, which may soon find themselves under the radar of impatient shareholders or buyout firms. Zhiping Zhao of CreditSights: "Both events represent... pressure from shareholders for these companies to return excess cash, as well as optimize capital structure and create shareholder value." Cash represents 19.1% of semiconductor companies' market cap, vs. only 6.1% and 4.9% for consumer and industrial companies -- and chip/telecom equipment companies have little or no debt. He thinks companies like Analog Devices Inc. (NYSE: ADI - News), Linear Technology Corp. (NasdaqGS: LLTC), Maxim Integrated Products Inc. (NasdaqGS: MXIM), Altera Corp. (NasdaqGM: ALTR) Xilinx Inc. (NasdaqGS: XLNX), and Infineon Technologies (NYSE: IFX - News) are potential buyout targets. Companies that could face shareholder pressure to optimize balance sheets and unlock value include Ericsson (NasdaqGS: ERIC), Nokia Corp. (NYSE: NOK - News), Sycamore Networks Inc. (NasdaqGM: SCMR) and Tellabs Inc. (NasdaqGS: TLAB).
Published by SeekingAlpha

Labels: ADI, ALTR, ERIC, FSL, IFX, LLTC, MOT, MXIM, NOK, PHG, SCMR, TLAB, XLNX

Motorola Inc., (NYSE:MOT - News) the world's No.2 maker of mobile phones, reported fourth-quarter net income fell 48% to $624 million, or 25 cents a share, from the year-earlier period, when it registered an exceptional gain of $520 million. Earnings from continuing operations slipped to 21 cents from 46 cents. Sales rose 17% to $11.8 billion. Handset shipments surged 47% to 65.7 million units. The average forecast of analysts polled by Thomson First Call was for earnings of 25 cents a share on sales of $11.7 billion.
Pinnacle Financial Partners (NASDAQ:PNFP - News) was upgraded to buy from neutral at SunTrust Robinson Humphrey.
Presstek Inc. (NASDAQ:PRST - News) said it expects fourth-quarter consolidated revenue to exceed $65 million, in line with the company's prior outlook excluding revenue from the Precision Analog operations, which was discontinued in the fourth quarter.
Schlumberger Ltd., (NYSE:SLB - News) the oil-services firm, reported fourth-quarter net income rose 71% to $1.13 billion, or 92 cents a share, as revenue grew 33% to $5.35 billion. Growth was driven by WesternGeco progress and its information solutions arm. It expects "significant" growth in 2007, particularly in the Eastern Hemisphere, the company said. Analysts polled by Thomson First Call expected earnings of 85 cents a share on revenue of $5.14 billion.
UnionBanCal Corp. (NYSE:UB - News) reported fourth-quarter net income of $1.61 a share, compared with $2.09 in the year-earlier period. Revenue rose to $672.7 million from $665.2 million.
Vanda Pharmaceuticals, (NASDAQ:VNDA - News) the Rockville, Md., biopharmaceutical developer focused on candidates for central-nervous-system disorders, plans to offer 3.8 million shares at $27.29 apiece.
Whittier Energy Corp. (NASDAQ:WHIT - News) agreed to be acquired by Sterling Energy Plc for $11 a share, or $145 million. In a statement, Whittier, said that Sterling, a Harpenden, U.K., energy producer, will pay a total of $145 million and assume $43 million of Whittier's net liabilities. Whittier Energy shares closed Thursday at $8.73, indicating that Sterling Energy is paying a 26% premium for the shares. Whittier Ventures LLC, holder of 14.34% of Whittier Energy, has agreed to vote for the deal, Whittier said. Both companies' boards have approved the acquisition; conditioned on regulatory clearances and approval by Whittier's holders, the companies expect to close the transaction in the first quarter.
Xilinx Inc. (NASDAQ:XLNX - News) quarterly profit rose 8% from the year-earlier period. Per-share profit was 26 cents against 23 cents.

Labels: MOT, PNFP, PRST, SLB, UB, VNDA, WHIT, XLNX

California Micro Devices Corp. (NASDAQ:CAMD - News) reported third-quarter net income of $673,000, or 3 cents a share, compared with $2.53 million, or 11 cents a share, in the same period last year, as sales fell and costs rose slightly.
Callaway Golf Co. (NYSE:ELY - News) said it expects preliminary 2006 sales of $1.018 billion, with earnings per share of 33 cents to 35 cents. Excluding charges, the golf products company sees per-share income of 50 cents to 52 cents.
Capital One reported a 39% jump in fourth-quarter net income, but the results, as well as the credit card and banking company's 2007 forecast, fell short of Wall Street expectations.
Churchill Downs Inc. (NASDAQ:CHDN - News) said Michael Miller, who has served as chief financial officer since December 2002, is leaving to become CFO of Poe Cos. Miller's final day with Churchill, a horse racing venue operator, will be Jan. 26.
Coldwater Creek Inc. (NASDAQ:CWTR - News) lowered its outlook for fiscal fourth quarter per-share income to a range of 16 cents to 17 cents. Previously, the women's apparel company said it was looking for a per-share result of 26 cents to 27 cents. Coldwater cited slower-than-expected customer traffic throughout the holiday season.
Digi International Inc. (NASDAQ:DGII - News) said first-quarter net income rose, as sales gained, to $3.8 million, or 15 cents a share, from $2.18 million, or 9 cents a share, during the same period in the prior year. The company said quarterly revenue rose to $41.8 million from $33.4 million in the prior year.
E-Trade Financial Corp. (NASDAQ:ETFC - News) said fourth-quarter net income jumped 37% to a record, as customers traded more and stored more cash and investments with the discount broker.
General Electric Co. , moving to broaden its diagnostic offerings, will buy Abbott Laboratories' (NYSE:ABT - News) in-vitro and point-of-care diagnostics businesses for $8.13 billion in cash.
Jacuzzi Brands Inc. (NYSE:JJZ - News) said it sees preliminary fiscal first quarter operating income declining primarily due to a 40% drop in income in the Bath segment due to operating losses at the U.S. whirlpool bath operations.
JDSU (NASDAQ:JDSU - News) raised its view for fiscal second quarter revenue to a range of $360 million to $365 million. Previously, the communications test products company had said it was looking for revenue of $332 million to $352 million. JDSU cited its Communications Test and Measurement segment performing "particularly well."

KeyCorp raised its quarterly cash dividend 5.8% to 36.5 cents a share from 34.5 cents a share. The dividend is payable March 15 to shareholders of record as of Feb. 27.
Molex Inc. (NASDAQ:MOLX - News) reported fiscal second-quarter net income of $66.4 million, or 36 cents a share, up from $58.5 million, or 31 cents a share, a year ago. Revenue at the electrical equipment maker rose 20% to $837.5 million from $697.3 million.
Oneok Inc. (NYSE:OKE - News) raised its quarterly dividend 6.3% to 34 cents a share from 32 cents a share. The gas distributor said the dividend is payable Feb. 15 to shareholders of record as of Jan. 31.
Polaris Industries Inc. (NYSE:PII - News) said it has renewed and extended the employment agreement of Chief Executive Tom Tiller through 2008. Tiller will also continue to serve on the board, the snowmobile and motorcycle maker said.
Presstek Inc. (NASDAQ:PRST - News) said it expects fourth-quarter consolidated revenue to exceed $65 million, in line with the company's prior outlook excluding revenue from the Precision Analog operations, which was discontinued in the fourth quarter.
Stride Rite Corp. (NYSE:SRR - News) raised its quarterly cash dividend 17% to 7 cents a share from 6 cents a share. The maker of shoes said the dividend is payable March 15 to stockholders of record as of Feb. 27.
Textron Inc. (NYSE:TXT - News) said it now expects fourth-quarter earnings from continuing operations will be above its prior outlook of $1.35 a share to $1.45 a share. The company said its improved view is due to stronger financial performance at Cessna, Textron Systems and Textron Financial and a lower tax rate.
UnionBanCal Corp. (NYSE:UB - News) reported fourth-quarter net earnings of $226.4 million, or $1.61 a share, compared with $308.5 million, or $2.09 a share, in the same period last year. Revenue rose slightly to $672.7 million from $665.2 million.
Washington Post Co. (NYSE:WPO - News) raised its annual dividend 5% to $8.20 a share from $7.80 a share.
Xilinx Inc. (NASDAQ:XLNX - News) said its quarterly profit rose 8% from a year ago, but its sales were soft. Xilinx reported fiscal third-quarter net income of $87.5 million, or 26 cents a share, compared to net income of $81 million, or 23 cents a share, in last year's same period. Published By MarketWatch

Labels: ABT, CAMD, CHDN, CWTR, DGII, ELY, ETFC, JDSU, JJZ, MOLX, OKE, PII, PRST, SRR, TXT, UB, WPO, XLNX

Bank of America (NYSE: BAC - News), Barclays (NYSE: BCS - News), Xilinx (NASDAQ: XLNX - News), National Semiconductor (NYSE: NSM - News), Oracle (NASDAQ: ORCL - News), Research in Motion (NASDAQ: RIMM - News) and SAP (NYSE: SAP - News): Cramer admitted disappointment with the strong unemployment number reported on Friday: " ... we got a number that takes the Fed cut off the table but doesn't give us good earnings," Cramer said. "Not exactly what we needed." He commented that financials, which had been performing well, will be affected including BAC which resolved that it would make no more acquisitions. However, Edward Najarian of Merrill Lynch reported that BAC is making a deal with Barclays, "Now maybe we know why [Bank of America's] CFO left," Cramer said, and added that he was certain the the deal would go through, otherwise "Merrill wouldn't stick its neck out." Although Cramer called tech the "go to" group right now and said that gadgets will be hot for the holidays, he noted the poor performance of XLNX, NSM, ORCL, and SAP and says that he is keeping an eye on RIMM.

Labels: BAC, BCS, Jim Cramer, Market Minute, NSM, ORCL, RIMM, SAP, XLNX

Friday was a roller coaster ride that would make even the most stoic Marine a bit seasick. It was all about macroeconomics early in the day after monthly jobs reports proved somewhat difficult to interpret. Stock index futures initially rallied when the numbers were released at 8:30 a.m. Eastern time and the Labor Department reported that the US economy added 132,000 new jobs in November, compared to economist estimates of 115,000. Closer scrutiny of the report yielded somewhat less bullish conclusions, however. For instance, the nation’s unemployment rate rose to 4.5% from 4.4%. Economists were expecting no change in the percent of unemployed. Hourly earnings rose a modest .2%, compared to expectations for a .3% rise. Moreover, the October payroll number was revised lower to show job growth of only 79,000 in October, compared to the initial reading of +92,000. As a result, stock index future turned into the red prior to the start of trading in New York and stocks opened broadly lower as investors mulled over the implications of overall report. Meanwhile, bonds caught a bid and the dollar got slammed on the news. However, a dramatic reversal in the currency markets in morning trading seemed to underpin the equity market. The dollar, which had fallen to a low of 1.3364 against the euro, traded at 1.3201 late in the day. Against the yen, the buck hit a low of 114.90 before soaring back to its current levels near 116.35.
The reversal in the dollar was attributed to upbeat comments from recently appointed Treasury Secretary Paulson. The new guy made a convincing case for the US economy. That confidence helped trigger massive short covering in the buck. Stocks gained some traction as the dollar reversed course and moved higher.
Among the day’s movers, Xilinx (XLNX) weighed on the chip stocks after the company cut its sales outlook at JP Morgan lowered the rating on the stock to “neutral” from “overweight.” XLNX slipped $1.61 to $24.83 and the PHLX Semiconductor Index ($SOX) slid 3.18 to 477.38.
3M (MMM) was the Dow’s biggest loser Prudential cut the stock to “neutral” from “overweight.” The losses were modest, however. MMM gave up only 1.6%. Citigroup was the Dow’s best gainer. Shares rose 2.25% following rumors that Bank of America''s (BAC) departing CFO Al De Molina might be heading to Citi. There is also talk that Citigroup might be contemplating some kind of breakup. It is purely rumor at this point, but shares moved on the news. In the end, the industrials settled up 29 points and the NASDAQ ($COMPQ) added less than ten. Market internals were not impressive, with an even ratio of advancing and declining issues on both the New York Stock Exchange and the NASDAQ Stock Market. Nevertheless, it was another week for the bulls. The Dow tacked on 113 and the NASDAQ added 24.
Frederic Ruffy

Labels: BAC, MMM, stock options, XLNX

Xilinx Inc. shares fell more than 6 percent Friday, a day after it said it expects a sequential decline in third quarter sales of between 2 percent and 5 percent.
The San Jose-based chipmaker (NASDAQ:XLNX - News) had previously forecast growth of between 2 percent and 5 percent from its second quarter revenue of $467.2 million. It blamed the shortfall on weaker-than-expected turns business in November, especially from communications customers.
Analysts surveyed by Thomson First Call expected third-quarter revenue of $482.9 million.
Xilinx also said gross margin is expected to be flat at 61 percent to 62 percent, including about $2 million in stock-based compensation charges.
Its stock dropped $1.61 to close at $24.83 on Friday.
Published December 7, 2006 by the Silicon Valley/San Jose Business Journal

Labels: Xilinx Inc., XLNX

3M Co. (NYSE:MMM - News) was downgraded to neutral from overweight at Prudential Equity Group, which said it will take some time for the stock to regain its valuation premium. Fears over the company's optical film business have been extinguished by strong third-quarter figures, but convincing investors to pay a premium for the company as economies in Europe and North America slow could take more time than originally anticipated, Prudential said.
Agnico-Eagle Mines Ltd. (NYSE:AEM - News) was downgraded to neutral from buy at Merrill Lynch, which cited valuation. The broker said Agnico-Eagle is trading close to the upper end of the valuation range within which North American gold producers have historically traded. "Despite this downgrade, we still believe that the company has excellent long-term growth prospects," Merrill Lynch said. "Agnico-Eagle is in the midst of developing four gold projects that should convert the company into a multi-mine operator allowing the company to more than triple gold output."
American Ecology (NASDAQ:ECOL - News) said it sees 2007 earnings of 92 to $1.02 per share. The waste-services company also backed its view for 2006 earnings of 85 to 90 cents per share.
Biopure Corp. (NASDAQ:BPUR - News) agreed to sell 25 million new shares of common stock and warrants to acquire an additional 25 million new shares to underwriters. The price for one share and one warrant is 64 cents, the company said. The exercise price of each warrant is 80 cents. The transaction is expected to close on Dec. 13, resulting in net proceeds to Biopure of $14.4 million, assuming no warrant is exercised.
Central Garden (NASDAQ:CENT - News) said fourth-quarter net earnings fell to $6.02 million, or 25 cents a share, from $6.72 million, or 31 cents a share, in the same period last year, as expenses and income taxes rose. Excluding $9 million in increased brand building and strategic work, the Walnut Creek, Calif.-based producer and marketer of garden and pet supplies posted per-share earnings of 49 cents.
Chesapeake Energy Corp. (NYSE:CHK - News) is launching a public offering of 30 million shares of its common stock. The Oklahoma City-based natural gas producer said it has granted the underwriter, Deutsche Bank Securities, a 30-day option to buy up to 4.5 million additional shares to cover any over-allotments.
Consolidated Water Co. (NASDAQ:CWCO - News), which builds and operates seawater desalination plants, said it has priced a public offering of 1.5 million shares at $24.90 a share. The company said it expects the offering to generate net proceeds of $34.9 million. It added it expects to use the proceeds to repay existing debt as well as possible future acquisitions and investments.
Countrywide Financial (NYSE:CFC - News) shares slumped after Stifel Nicolaus downgraded shares of the mortgage giant to hold from buy. "Recent developments in the mortgage industry have significantly increased the risks in the sector," Stifel Nicolaus said in a note to clients. Analysts cited severe credit deterioration, decreased secondary market appetite and tightening underwriting standards. "We expect trends to worsen given our belief that housing has yet to bottom or even fully impact credit trends," analyst Chris Brendler said.
Shares of Duckwall-ALCO Stores Inc. (NASDAQ:DUCK - News) dropped after the Abilene, Kansas-based general merchandise retailer posted a wider loss for the third quarter. For the three months ended Oct. 29, the company lost $648,000, or 18 cents a share, compared to an equivalent year-ago loss of $187,000, or 5 cents a share. Sales from continuing operations rose 9.3% in the latest quarter to $110.1 million from $100.7 million in the same period a year earlier. Duckwall-ALCO said its gross margin declined in the quarter to 31.2% due to higher freight costs, lower margins on higher sales at its fuel centers, and higher than expected degree of seasonal markdowns for its horticulture and patio merchandise products.
Genta (NASDAQ:GNTA - News) shares dropped after the Berkeley Heights, N.J.-based biopharmaceutical company said a Phase III trial of chemotherapy with or without Genasense, conducted in older, previously untreated patients with acute myelogenous leukemia, failed to meet its primary endpoint of overall survival.
GTx Inc. (NASDAQ:GTXI - News) said a Phase II trial of its ostarine selective androgen receptor modulator met its primary endpoint of increasing lean body mass and a secondary endpoint of improving functional performance. Ostarine continued to demonstrate a favorable safety profile, with no serious adverse events reported, it added. GTx plans to initiate a Phase IIb ostarine clinical trial for cancer cachexia in the summer of 2007. GTx also intends to evaluate the ability of ostarine to treat chronic disease indications including end stage renal disease muscle wasting, frailty and osteoporosis. GTx has reacquired full rights to develop and commercialize andarine and all backup compounds previously licensed to Johnson & Johnson unit Ortho Biotech Products on a mutual agreement to terminate the deal
New Century Financial Corp. (NYSE:NEW - News) said its total mortgage loan production was $4.5 billion, a drop of 11.8% from the equivalent year-ago period. On a sequential basis, November's production slid 10% from October levels. "The decline in our loan production volume in November was in line with our expectations, particularly in light of overall mortgage market declines this quarter," said Brad Morrice, the company's president and CEO, in a statement.
PG&E Corp. (NYSE:PCG - News) was downgraded to neutral from overweight at J.P. Morgan, citing valuation.
Shares of Questcor Pharmaceuticals (AMEX:QSC - News) shares fell after the company said it's received definitive commitments from unaffiliated institutional investors to purchase 10.51 million shares of its common for $1.20 each. In addition, the Union City, Calif.-based Questcor said certain insiders have committed to purchasing 890,000 shares at $1.45 each.
Smith & Wesson Holding Corp. (NASDAQ:SWHC - News) reported second-quarter net earnings of $2.85 million, or 7 cents a share, compared with $692,377, or 2 cents a share, in the same period last year, on the back of strong firearms sales.
Shares of Sprint Nextel (NYSE:S - News) fell as Morgan Stanley analyst Simon Flannery said the company was at a "crossroads," with results falling below expectations set at the time of the Sprint-Nextel merger. "We see significant downside for the stock if management is not successful in stabilizing the business in the near term," Flannery said in a note to clients. He reiterated his underweight rating on the stock, and revised his price target from $18 at the end of 2006 to $19 at the end of 2007. "Recent comments by management appear to suggest that rising handset subsidies, tightened credit standards and increasing pre-paid competition will pressure fourth-quarter and early-2007 results, despite new handset launches and a re-branding campaign," Flannery added.
Unifi Inc. (NYSE:UFI - News) said it now expects its second-quarter earnings before income, taxes, depreciation and amortization to be less than half of its previous forecast of $10 million to $12 million. The company said a September drop in volume has continued.
Witness Systems Inc. (NASDAQ:WITS - News) said a special committee review found mistakes in the measurement dates of stock-option grants, although it did not find evidence of fraud or intentional misrepresentation.
Xilinx (NASDAQ:XLNX - News) said it now sees third-quarter sequential sales falling 2% to 5% due to weaker than anticipated turns business in November, particularly from communications customers. The company had expected a sequential increase of 2% to 5%.
Yum Brands (NYSE:YUM - News) was downgraded to market perform from outperform at Wachovia. The firm cited slowing sales momentum in the U.S. and a potentially significant sales impact related to the recent E. coli outbreak at some of the group's Taco Bell restaurants. Wachovia added Yum's KFC chain is facing tough sales comparisons over the next couple of quarters, though it added it still holds a favorable view on the group's international and Chinese operations.
By Michael Baron

Labels: AEM, BPUR, CENT, CFC, CHK, CWCO, DUCK, ECOL, GNTA, GTXI, Hot Stocks, MMM, NEW, PCG, QSC, S, SWHC, WITS, XLNX, YUM

Friday's stronger-than-expected unemployment report will delay a Fed cut and affect the market, Jim Cramer said on his TheStreet.com TV video, "Fed Cut off the Table," Friday.
Cramer was disappointed with the unemployment number; he had hoped for an in-line or slightly weaker number.
"We need to be able to keep the earnings thesis story, meaning that business is still good because employment is still strong, but not lose the Fed," Cramer said. "And this is a number that just puts off the inevitable Fed cut."
He said that he had wanted a "top-down" number that would set the tone for decent earnings and a Fed cut, based on housing and autos data.
"Instead, we got a number that takes the Fed cut off the table but doesn't give us good earnings," Cramer said. "Not exactly what we needed."
Cramer said this Fed cut would cut out the financials, which had been acting pretty well. He mentioned several specific stories in the financials that have been negative. He emphasized Bank of America's (BAC) earlier pledge that the company would do no more acquisitions despite recent buzz sparked by Merrill Lynch Analyst Edward Najarian that it might be doing a deal with Barclays (BCS).
"Now maybe we know why [Bank of America's] CFO left," Cramer said. "There couldn't be anything more certain than the fact that they're going to do the Barclays [acquisition] or Merrill wouldn't stick its neck out."
On the tech side, he mentioned Xilinx (XLNX), National Semiconductor (NSM), Oracle (ORCL) and SAP (SAP) as all performing poorly.
Despite that, "I still think tech is the place to go because you have a data point," Cramer said, adding that he believes it will be a "gadget Christmas."
Technology as a whole is still not necessarily right, Cramer said, although he still called it the "go-to group" right now. He said he is monitoring Research In Motion (RIMM) now.
Published By TheStreet.com

Labels: BAC, BCS, Cramer's TheStreet.com TV Recap, Jim Cramer, NSM, ORCL, RIMM, SAP, XLNX

Chip maker Xilinx Inc. said Thursday it now expects fiscal third-quarter sales to fall sequentially as a result of weaker-than-expected turns business in November, especially from communications customers.
The announcement sent Xilinx shares down $1.33, or 5 percent, to $25.11 in the after-hours session, having closed down 54 cents, or 2 percent, at $26.44 on the Nasdaq.
Xilinx said it expects sales to decline 2 percent to 5 percent from the $467.2 million posted in the second quarter, compared with its previous forecast for sequential growth of 2 percent to 5 percent.
On average, analysts forecast third-quarter revenue of $482.9 million.

Labels: Xilinx Inc., XLNX