Cashmaker's hot stocks and trading

[cashmaker]

Regeneron Pharmaceuticals Attend July 22th Obesity Drug Development Summit http://www

Regeneron Pharmaceuticals Attend July 22th Obesity Drug Development Summit http://www.cbinet.com/show_conferenc...9&field=daytwo

In Vivo Target Discovery and Validation by High Throughput Genome Engineering
A high throughput genome engineering technology platform has been developed to determined the in vivoexpression pattern of many novel obesity and diabetes-related genes at high resolution, validate and invalidate putative targets as well as dissected important metabolic pathways. This method also provides important insights into mechanisms of novel compounds currently in development for the treatment of obesity and diabetes.

Overview of technology
Validation and invalidation of diabesity targets using KO models
SHIP2 lipid phosphatase as target for treatment of obesity
Mark W. Sleeman, Ph.D., Director of Neural and Endocrine Biology,Regeneron Pharmaceuticals Inc.

Watch REGN these days, getting hotter and hotter. Valueline raise its timeliness on June based on REGN's much-better-than-before financial statement and its new drugs research with its target $15. Three years target from Valueline is $25.

[cashmaker]

FLEX strong buy. Target $20 end of 2005. Will see appreciation recently with its earn

FLEX strong buy. Target $20 end of 2005. Will see appreciation recently with its earning soon this month. Market Concensus 0.16, but valueline gave out their estimate 0.18 due to the Nortel contract.

Flextronics earned $0.16 a share in the fiscal fourth quarter (ended March 31st). The top line was likely about $4.0 billion in the period. Revenues probably benefited from roughly $100 million in initial contributions from its major deal with Nortel Networks, and a moderate recovery in the telecom, computer, and consumer markets.

The core electronics manufacturing-services (EMS) business should grow at a decent pace. We look for low single- digit percentage advancements in key end markets, including cellphones and information technology. Plus, revenues from the industrial, medical, and auto industries ought to climb rapidly this year. Many additional opportunities exist in those end markets, which should comprise an increasing portion of FLEX's top line. We think FLEX will gain much new outsourcing business during fiscal 2005, thanks in part to companies looking to mitigate the impact of high energy costs.

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.

Operating margins should continue to widen this fiscal year and next. Operating cost containment and improved capacity utilization should assist margins. Plus, a greater proportion of higher-margined products and services, such as network services and PCBs, ought to drive gross margin expansion. However, Nortel's higher-cost facilities will likely hamper margins to some degree.

Flextronics shares are a good long-term holding for risk-tolerant investors. More end-to-end supply chain service offerings, such as with Nortel, should support earnings growth out to 2008-2010. In particular, the high-margined original-design-manufacturing business is poised to deliver $4 billion annually to the top line.

[cashmaker]

Bought ACN @23.56 for midterm.

Bought ACN @23.56 for midterm.
Accenture will probably post a share-net advance in the mid-teens on a percentage basis in fiscal 2005. (Fiscal years end August 31st). The company's February quarter was solid, and early indications are that the spring should bring even more favorable results. A recovery in the consulting business continues to gain steam despite some high-profile earnings misses at several software companies, and ACN's bookings in this area remain healthy. Conversely, outsourcing bookings remain soft, but this has a lot to do with the fact that Accenture has grown increasingly selective with the contracts it accepts. All told, earnings of $1.40 in the current fiscal year are attainable.

The dip in gross margins is likely a temporary aberration. In the last few months, gross margins have fallen about 200 basis points, and Accenture's stock price has slipped in tandem. But the drop can be tied to project delays associated with a contract with the U.K.'s National Health Service. This deal incurred a $24 million loss in the February term and is expected to yield around a $130 million loss for fiscal 2005. However, the blame is being put on another vendor's slow progress with regard to this pact, and ACN should be unscathed in the long term.

The information technology market's macroeconomic environment augurs well for Accenture's future. Discretionary spending on the IT front has been trending upward for the last several quarters. This is a favorable development that offers a solid platform for the company to parlay its hefty market position into sizable revenue and earnings growth. We do caution, however, that the landscape of this arena is complex and changes quickly.

These shares are most appealing as a long-term selection. While concerns from the aforementioned margin pressures shake out in the coming year, we expect this equity to perform in line with the overall market indices. But the picture gets much brighter out to 2008-2010. Over that span, we foresee double-digit annual advances on both the top and bottom lines. Too, recent rumblings from management indicate a growing potential to initiate a dividend, although we have not factored in that prospect yet.

Target $35 at the end of this year

[cashmaker]

CSFB:"Flextronics International to drive above-average earnings growth."

CSFB:"Flextronics International to drive above-average earnings growth."

http://www.forbes.com/markets/2005/07/15/celestica-flextronics-earnings-0715markets03.html?partner=yahootix

FLEX sign a contract with Nortel recently, for detail please see my previous post relate to FLEX


Flextronics eyes Malaysia as alternative to China
Fri Jul 15, 2005 7:51 AM ET

http://today.reuters.com/news/newsArticle.aspx?type=reutersEdge&storyID=2005-07-15T115159Z_01_SIN28976_RTRIDST_0_PICKS-TECH-FLEXTRONICS-ASIA-DC.XML

[grebnet]

Flex

FLEX has several aquisition/merger deals happening ,.. how will this affect FLEX

[cashmaker]

Maytag asks for shareholder OK of $1.1B buyout

Maytag asks for shareholder OK of $1.1B buyout

July 16, 2005
AFX Asia
AFX Asia. All rights reserved.

NEW YORK (XFN-ASIA) - Appliance maker Maytag Corp. asked its shareholders in a federal filing late Friday to vote for a $1.1 billion buyout offer from Ripplewood Holdings and officially set the date for a meeting to approve the merger in its hometown of Newton, Iowa.

But Maytag also said in the Securities and Exchange Commission filing that it gave the same information to rival bidders Haier America, who, backed by private equity funds, are offering $16 a share, and suggested that Haier have its review complete by July 22.

The Federal Trade Commission has given its approval to the bid by Ripplewood, a group of private equity funds sponsored by Goldman, Sachs & Co. , J. Rothschild Group Ltd. and RHJ International.

Maytag said it had the right to furnish the information to the group led by Haier America, a Chinese appliance maker, and to discuss the bid with them. Doing so does not entitle the Ripplewood group to a $40 million termination fee, Maytag said. Haier's bid is backed by Bain Capital and The Blackstone Group.

On Tuesday, Maytag told the Haier advisors "it is in the best interests of the company's stockholders, as they consider the merger agreement, that they have as clear and accurate a picture as possible of where Bain, Blackstone and Haier America stood with respect to their preliminary proposal, which was then nearly four weeks old."

The vote on the Ripplewood buyout is set for Aug. 19.

From May 19 to June 17 - the date of the Haier bid - Maytag's financial advisors, Lazard Ltd., shopped the maker of washing machines, dishwashers and floor care products to 36 potential partners, according to the proxy.

Maytag shares ended Friday trading down 9 cents at $15.45, below the Haier group's $16 a share preliminary offer.

Another U.S. company, Unocal Corp. , was set to merge with Chevron in a $16 billion deal before China National Offshore Oil Co. Ltd. offered $2.5 billion more.

This story was supplied by MarketWatch. For further information see www. marketwatch.com.

[cashmaker]

RPT-INTERVIEW-Flextronics eyes Malaysia as alternative to China

RPT-INTERVIEW-Flextronics eyes Malaysia as alternative to China

By Jennifer Tan
July 17, 2005

Reuters News
(c) 2005 Reuters Limited

(Repeating item first sent on July 15)

SINGAPORE, July 15 (Reuters) - Flextronics International Ltd. , the world's top contract electronics maker, said on Friday it was expanding its manufacturing facilities in Malaysia to counter rising costs in China.

The Singapore-based, Nasdaq-listed company plans to invest 1 billion ringgit ($263 million) over the next 10 years to build an integrated 1.2-million-square-feet industrial park, adjacent to the Port of Tanjung Pelepas, Malaysia's fast-growing container port.

Flextronics Asia President Peter Tan told Reuters it was only a matter of time before the company found an alternative for "uncertainties" in China, which include rising labour costs and the possibility of a yuan revaluation.

"It's pretty clear that in China there is one way costs will go, and that is up, given the fact that China is so dependent on the rest of the world for its energy needs, and given the fact that oil prices would likely not come back below $60 a barrel," he said in an interview.

"There are a lot of odds being stacked up against our existing presence in China."

The average annual real wages of an urban factory worker in China have surged over 40 percent to US$1,329 in 2002 from $946 in 1999, according to a December 2004 study of China's manufacturing employment and wages by consultant Judith Banister.

Flextronics competes with U.S.-based Solectron Corp. and Sanmina-SCI , Taiwan's Hon Hai Precision Industry Co. Ltd. and its mobile handset unit Foxconn International Holdings Ltd. , and Singapore's Venture Corp. .

Its industrial park, which starts operating next April with some 12,000 employees, will be the company's second-largest factory facility in Asia after China.

Flextronics has 11 million square feet of manufacturing space in Asia, with 7.5 million square feet in China, including Shanghai, Beijing, Nanjing, Doumen and Shenzhen. Its factory space in Malaysia already totals 2.5 million square feet.

Tan said the new industrial park would consolidate 3 plants now operating in Malacca and Johor. The company also has plants in Senai, Shah Alam and Penang.

"Our South Malaysian operations have grown tremendously, particularly in the printing and imaging space -- we've signed up five customers in the last 12 months. We cannot allow South Malaysia to continue to be so fragmented," he added.

EYEING TAIWAN PARTNERSHIPS

Tan said Flextronics was also exploring tie-ups with Taiwan electronics makers.

"There are many areas where our Taiwan customers have to invest on their own to capture market share, and with margins getting squeezed they see partnerships as beneficial in terms of sharing costs and risks," he added.

Opportunities include Flextronics making power supply components, batteries for handheld devices and camera modules for Taiwanese firms.

"We have a few discussions going on right now," he said, but declined to elaborate.

The company already makes laptop casings for Taiwan's Compal Electronics Inc. , the world's second-largest contract maker of laptop computers.

It also makes mobile handsets for Sony Ericsson and Motorola Inc. , printers for Hewlett-Packard Co. Ltd. , digital cameras for Japan's Casio Computer Co. Ltd. and Microsoft Corp.'s Xbox game console.

Flextronics shares have gained about 24 percent in the last three months, compared with Venture's 21 percent rise and Hon Hai's 28 percent increase.

TECH-FLEXTRONICS-ASIA (INTERVIEW)|LANGEN|ABN|E|RBN|U|SI

FLEX is a buy.

[cashmaker]

New arrival sets Pelepas on course for cargo surge.

New arrival sets Pelepas on course for cargo surge.

By Marcus Hand in Singapore
July 17,2005
Lloyd's List
6
(c) 2005 Informa UK Ltd

THE port of Tanjung Pelepas is set for a big boost in local cargo from a M$400m (US$105m) production and logistics facility by electronic manufacturer Flextronics in its industrial free zone.

The so-called “industrial campus” will house production and logistics facilities for both Flextronics and its suppliers.

The new facility is expected to start operations in April next year and cover 1.2m sq ft of space in the Malaysian port’s free zone.

The facility more than doubles investment in Pelepas’ free zone to date and is likely to provide a substantial boost to local cargo volumes at the port, which is at present highly dependent on transhipment business.

It is understood that it will increase total volumes at the port by around 50,000 teu a year with the facility expected to provide an additional 2,000 teu of laden boxes each month.

Last year local volumes were just 168,000 teu or 4% of the port’s total throughput of 4.02m teu.

With more local volumes Pelepas believes it can also capture more calls from independent lines.

Its volumes are at present almost entirely driven by Maersk Sealand and Evergreen.

“This latest development in itself is expected to add a few more independent shipping lines to call at port,” said Datuk Mohd Sidik Shaik Osman, chief executive.

“This is the big start that we have anticipated and with a few more major facilities setting up in Pelepas free zone we foresee the entire region being transformed.”

[cashmaker]

BoI to outsource 300 jobs to Accenture

BoI to outsource 300 jobs to Accenture
July 18 2005
Business and Finance Daily News Service
Copyright (c) 2005, Media World Ltd

Bank of Ireland is to outsource nearly 300 human resources jobs to the consulting firm Accenture, according to a weekend report.

The move is part of the bank's plans to cut costs by 120m euro a year, says the Sunday Tribune.

It adds that another 50 IT jobs are to be transferred to Hewlett-Packard, which already has a major outsourcing contract with the bank.

Almost one in three of Accenture's 900 staff in Ireland provide services outsourcing clients such as the Department of Justice and freight company Exel. The bank cannot finalise the Accenture deal, the paper says, until its staff accept a landmark deal to clear the way for 2,100 jobs to be shed over the next four years.

[cashmaker]

SCH on fire. Strong Earning and positive guidance

SCH on fire. Strong Earning and positive guidance

[cashmaker]

HLTH $11, $1 from my call

HLTH $11, $1 from my call

[cashmaker]

Versatel Finally Bought, Tele2 Pays EUR1.3B

Versatel Finally Bought, Tele2 Pays EUR1.3B

By Arent Jan Hesselink

"
Morgan Stanley & Co (MDW) Limited acts as financial advisor to Tele2, ABN Amro Holding NV (ABN) was advisor to Apax and Versatel was advised by Lazard (LAZ). "

Lazard's Euro M&A business.

[cashmaker]

ACN target $35, strong buy.

ACN target $35, strong buy.
Expanding business outsourcing to China Indian, Malasyia, etc. This is an ineviable trend. ACN is an expert in this field. Fast growing company with A financial ranking and good timeliness. Just like my previous recommend KOMG.

[cashmaker]

FLEX strong buy. Target $20
Flextronics International, the world's top contract electronics manufacturer.
expanding its manufacturing facilities in Malaysia to counter rising costs in China. The Singapore-based, Nasdaq-listed company plans to invest 1 billion ringgit (US$263 million) over the next 10 years to build an integrated 1.2-million-square-feet industrial park, adjacent to the Port of Tanjung Pelepas, Malaysia’s fast-growing container port.

Target $20.

[cashmaker]

FLEX broke $14. KOMG$35 yearly high, >$10 from my call, Still holding in my longterm

FLEX broke $14. KOMG$35 yearly high, >$10 from my call, Still holding in my longterm portfolio.