Cashmaker's hot stocks and trading

[cashmaker]

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/2005/08/09/nortel-networks-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.

[cashmaker]

LAZ Declares Quarterly Dividend $0.052 per share

LAZ Declares Quarterly Dividend $0.052 per share

http://biz.yahoo.com/bw/050809/96110.html?.v=1

[dmk112]

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/2005/08/09/nortel-networks-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.

Looks like the news was sold...

[New-born baby]

They are still in business?

Looks like the news was sold...

NT is still in business? That surprises me. After all, it was a Jim Cramer pick last year. I expected at least for them to have a "Q" after the symbol by now, if they even had a symbol. Wow. Will wonders never cease! That makes me think that even KBH has hope now!

[cashmaker]

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%

[cashmaker]

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

[cashmaker]

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

[cashmaker]

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.

[cashmaker]

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.

[cashmaker]

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.

[cashmaker]

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.

[cashmaker]

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.

[cashmaker]

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 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

[cashmaker]

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

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

[cashmaker]

Raymarine Announces Flextronics Contract Agreement For 5 Yr

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 ]