Cashmaker's hot stocks and trading

[cashmaker]

Warning: watch how MM boost FLEX up in the next 10 days, don't forget the last three

Warning: watch how MM boost FLEX up in the next 10 days, don't forget the last three month, MM's holding increased by almost 10% with price down. Typical MM play here. So many report shows that FLEX is the top pick among EMS industry. Oct 25th will be its earning day and EMS is coming back and expanding in 2006 so I believe FLEX will announce a very positive guidance for 2006. Dirty cheap here, good timing to load FLEX.

[cashmaker]

news on Reuter: LAZARD. Will close strongly today above $25

news on Reuter: LAZARD. Will close strongly today above $25

George Bilicic, managing director and head of Lazard's
global power and energy investment banking group, will take on the responsibility for leading the firm's Midwestern U.S. advisory operations.

In the newly created position, Bilicic will retain his
current role, while coordinating Lazard's efforts in developing the advisory business in the Midwest. He will keep offices in New York and Chicago.

George Bilicic heads the Global Power & Utilities Group of Lazard in New York where he is a managing director.

http://today.reuters.com/investing/financeArticle.aspx?type=fundsNews2&storyID=URI:urn:newsml:reuters.com:20051014:MTFH42190_2005-10-14_18-21-31_N14566858:1

http://www.ttnews.com/lmt/UFMSept05/energybill.asp

[cashmaker]

Lazard World Dividend & Income Fund Declares Monthly Dividend

Lazard World Dividend & Income Fund Declares Monthly Dividend

NEW YORK - (BUSINESS WIRE) - Oct. 17, 2005 - The Board of Directors of Lazard World Dividend & Income Fund (NYSE:LOR) today declared a monthly dividend distribution of $0.1167 per share on the company's outstanding common stock. The dividend is payable on November 23, 2005 to shareholders of record on November 10, 2005. The ex-dividend date is November 8, 2005.

Lazard Global Total Return & Income Fund Declares Monthly Dividend

NEW YORK - (BUSINESS WIRE) - Oct. 17, 2005 - The Board of Directors of Lazard Global Total Return & Income Fund (NYSE:LGI) today declared, pursuant to a level distribution policy, a monthly dividend distribution of $0.1042 per share on the company's outstanding common stock. The dividend is payable on November 23, 2005 to shareholders of record on November 10, 2005. The ex-dividend date is November 8, 2005.

[grebnet]

LAZ---monthly dividend ???

is that a monthly div or qtrly ??

[New-born baby]

Monthly

is that a monthly div or qtrly ??

The sign said "monthly." Not a bad divy.

[grebnet]

Divy

This is not a divy being paid by LAZ, rather a divy paid by: Lazard World Dividend & Income Fund (NYSE:LOR)..

so that wont help holders of LAZ unless people extrapolate from that that they are making good money

[cashmaker]

Manager Michael G. Fry to Join Lazard Asset Management

Manager Michael G. Fry to Join Lazard Asset Management
This guy will bring more deals to LAZ for sure, by just look at his background.

17 October 2005


LONDON - (BUSINESS WIRE) - Oct. 17, 2005 - Lazard Asset Management (LAM) announced today that Michael G. Fry, a senior global equity portfolio manager, is joining the firm as a Managing Director, based in London.

Mr. Fry will join LAM's Global Equity and Global Ex-U.S. Equity Portfolio Management teams as a senior Portfolio Manager.

Prior to joining LAM, Mr. Fry spent 10 years at UBS Global Asset Management. Mr. Fry's most recent position was Head of Global Equity Portfolio Management, and he also served as the lead Portfolio Manager for global equities. Before this, Mr. Fry held positions at UBS as Global Head of Equity Research and Head of Australian Equities.

"We are very pleased to add a global investment professional with Michael's breadth of experience," said Ashish Bhutani, LAM's Chief Executive Officer.

John Reinsberg, Deputy Chairman of LAM, added: "Michael is a key hire for Lazard Asset Management and its clients, and we believe he will enhance our robust global equity efforts with his strong investment insight and skill."

Before joining UBS, Mr. Fry was a Portfolio Manager at Armstrong Jones Investment Management, and at Schroder Asset Management in Sydney, Australia; as well as serving as a Senior Accountant at Price Waterhouse in Adelaide, Australia.

An indirect subsidiary of Lazard Ltd (NYSE: LAZ), Lazard Asset Management offers a range of equity, fixed-income, and alternative investment products worldwide. The firm manages more than $73 billion for institutional clients and high-net-worth individuals.

[cashmaker]

FLEX boom, short cover (13.57M shares shorted) after news of Flex's changes in its Bo

FLEX boom, short cover (13.57M shares shorted) after news of Flex's changes in its Board and with solid news that Flextronics July-Sept net up 24 pct on yr. Like I pointed out last week, watch how MM boost its price up before its earning on Oct 25th. Call FLEX again here at $12 level. Target by S&P, FirstCall and BankofAmerica is $16.


India Flextronics Software 2Q Net INR324M Vs INR256M

8 words
19 October 2005
04:39 am
Dow Jones International News

Oct 19 (Reuters) - Three months ended Sept. 30

(versus the same period a year earlier, in million rupees unless stated)

Net profit 321 vs 258

Total income 1,493 vs 1,181

NOTE: Flextronics Software Services Ltd. is majority-owned by Singapore-based Flextronics International Ltd. (Reporting by Rosemary Arackaparambil in Mumbai) ($1 = 45.2 rupees)

[cashmaker]

Great news for FLEX, earning next Tues. Watch it.

Great news for FLEX, earning next Tues. Watch it.

FLEXTRONICS SOFTWARE ANNOUNCES Q2, H1 RESULTS

248 words
19 October 2005
Hindustan Times
English
(c) 2005 The Hindustan Times Ltd

Hindustan Times

MUMBAI, India, Oct. 19 -- The Bombay Stock Exchange Limited (BSE) made the following corporate announcement:

Flextronics Software Systems Ltd., has announced the following results for the quarter & half year ended September 30, 2005:

The audited results for the quarter & half year ended September 30, 2005

The company has posted a net profit after tax of Rs. 321 million for the quarter ended September 30, 2005 as compared to Rs. 258 million for the quarter ended September 30, 2004. Total income has increased from Rs. 1,181 million in Q2-05 to Rs. 1,493 million for the quarter ended September 30, 2005.

The company has posted a net profit of Rs. 558 million for the half-year ended September 30, 2005 as compared to Rs. 506 million for the half-year ended September 30, 2004. Total income has increased from Rs. 2,296 million in H1-05 to Rs. 2,772 million for the half-year ended September 30, 2005.

The unaudited consolidated results are as follows:

The Group has posted a net profit after tax of Rs. 324 million for the quarter ended September 30, 2005 as compared to Rs. 256 million for the quarter ended September 30, 2004. Total income has increased from Rs. 1,193 million in Q2-05 to Rs. 1,510 million for the quarter ended September 30, 2005.

Edited Press Release are provided through HT Syndication, New Delhi.

[cashmaker]

GHL Greenhill 3Q profit more than doubles, 3Q EPS 58c Vs 27c. LAZ is much bigger and

GHL Greenhill 3Q profit more than doubles, 3Q EPS 58c Vs 27c. LAZ is much bigger and boarder in business than GHL and specialize in M&A and international asset management. GHL fantastic earning shed light to LAZ's 3Q (9th, Nov). LAZ's target been upgraded from $27 to $29 by BOA analyst recently, who is all star analyst in banking industry.

LAZ still trading at its IPO price, still cheap (keeping at $25 showing the value confirm and support). Although LAZ has higher debt than GHL, look at LAZ recently hire all those big guys in the banking industry which will bring much more big deals to LAZARD.

My Target still $27 at the end of this year. Added more share last week at lower than $24, and I called it that time.

[cashmaker]

Comment on FLEX

I feel sorry about those investor who followed my recommend and in FLEX,it is all my bad. I did a lot of research on FLEX and didn't expect FLEX generated lost last quarter. Like the analyst mentions Flex won a $2 billion contract with Nortel Networks and a more than $1 billion contract with Kyocera Corp. that should boost results heading into calendar year 2006.

It has completed the divestiture of two divisions. Flextronics Semiconductor was sold to AMIS Holdings, and 70% of Flextronics Network Services has been merged with Telavie AS, a unit of Altor 2003 Fund. Those two units accounted for about $900 million in annual revenues. FLEX received more than $500 million, and retains a 30% stake in the network services business. These sales will likely have a dilutive impact on earnings in the near term, offset partly by debt paydown and share repurchases. Still, the increased concentration of resources on vertical-integration offerings points to more rapid profit growth over the long term.

New customers are likely to support solid top-line gains. Flextronics has added new customers in the server and storage, computer-peripheral, and semiconductor-equipment markets. This business should begin to materially impact revenues next fiscal year (fiscal years end March 31st). Plus, revenues from the industrial and medical industries are growing rapidly. We think FLEX will continue to attract clients in growing markets, thanks to its EMS market leadership and wide range of capabilities.

Revenues from Nortel should be about $1 billion this fiscal year. Barring further delays, the transfer of that firm's production operations to FLEX should be completed by April, 2006, and those operations ought to provide more than $2 billion in revenues in fiscal 2006. Remaining payments to Nortel as of June 30, 2005 were around $525 million, and these outlays should be completed by December, 2006.

Standard & Poor's Equity Research analyst Richard N. Stice lowered estimates and the price target on Flextronics International (nasdaq: FLEX - news - people ) but reiterated a "buy" rating with target $13-$16.

I added 2k position at $9 this morning. Investors always overreact to the earning report. I am looking its future earning not the historical earning. EMS industry is recovering since 2004, as number 1 in the industry, Flex will do good.

[cashmaker]

Lazard helps VW To Sell IT Services Unit Gedas

Lazard helps VW To Sell IT Services Unit Gedas

BERLIN (Dow Jones)--German carmaker Volkswagen AG (VOW.XE) is planning to sell its information technology unit Gedas and has hired French bank Lazard, according to an advanced report to be published in Thursday's Financial Times Deutschland.

LAZ will announce its 3Q earning on Nov 7, usually 3Q is its best quester and it seems like is, thanks to the M&A booming in summer. LAZ had several big deals with the world largest companies. Since LAZ's IPO, its earning growth rate increasing with revenue improved. Now it is still sold at IPO price, relative cheap. Hold my target $27 at the end of this year.

[cashmaker]

If you read the article below, I bet you will agree with me to invest into FLEX who i

If you read the article below, I bet you will agree with me to invest into FLEX who is the number one EMS company in the world. FLEX heavily invested 500Million dollars into indian market to reduce cost as well as utilized Indian booming market. FLEX's careful strategy will bring it a favable business and market share in the coming years.

Too much overreaction here on FLEX, especially Cramer is bashing this company ( maybe he is in the short position).Although the earnings number is not good last weeks,it is due to is divestation and modest market demand on eletronic products. But Morgan Stantley analysts and Value line analysts report that the EMS sector is coming back. I am holding FLEX tight.

HERALDING A HARDWARE BOOM

VENKATESHA BABU ADDITIONAL REPORTING BY RAHUL SACHITANAND
1,485 words
6 November 2005
Business Today
98
English
(c) 2005 Living Media India Ltd

The Motorola phone, or Dell notebook, or Palm handheld you buy may not necessarily have been manufactured by the company whose brand name it sports. Welcome to the world of EMS (electronic manufacturing services). Outsourced manufacturing is not a new phenomenon. China and Taiwan have practically built their economies on this platform. India, which has established itself as a software and services powerhouse, is now trying to make its mark in this space. Can it?

The world's largest EMS player, the Singapore based $15.9-billion (Rs 69,960-crore) Flextronics is betting that India's strengths in design and software services will enable it to emerge as a big EMS player. Over the last 12 months, it has invested in excess of $500 million (Rs 2,200 crore) to acquire or invest in Indian companies that fit into its global plans. Says Mike McNamara, coo and CEO-designate, Flextronics: "All our moves are carefully calibrated. In a business where margins are wafer thin (3-4 per cent), we make investments only after studying the market. And unlike original equipment manufacturers (OEMS), we go where our customers want us to be." Therefore, India! Other EMS providers like Solectron, Jabil Circuits, Elcoteq and Celetronix have also established operations here.

The explosion in the Indian telecommunications sector is primarily responsible for this sudden burst of attention. According to Gartner, 21 million mobile phones were sold in India in 2004; this will increase to 34 million in 2005. China and India will together account for nearly 200 million units in 2007. And by 2009, the Indian market is expected to surpass China's, with sales of 139 million cellphones. Little wonder that the country is looking so alluring.

Henry Gilchrist, APAC Director (Business Development), Elcoteq Asia, another leading EMS provider that has invested $100 million (Rs 440 crore) in India, says: "More than 75 per cent of the telecom equipment in India is imported. The country has proven capabilities in software and hardware design; this can easily be leveraged to support the EMS industry. India is where our customers want to be. It has, therefore, become an extremely attractive location for manufacturing."

The Government of India is taking measures to encourage EMS. It has imposed a 4 per cent special additional duty on all imported handsets, thereby providing a boost to domestic manufacturing. The EMS industry is also being allowed to import capital goods, components and consumables sans any import duties. Says Sridhar Mitta, an IT industry veteran and CTO of E4E: "A pure price play is a fleeting and temporary advantage. EMS players must offer innovative designs to reduce costs. This is more sustainable over the long run."

That, precisely, seems to be Flextronics' strategy in India. Its acquisitions of design companies like Deccanet and Emuzed, and software services players like Hughes Software Systems and Future Software will generate huge savings at the back end and cushion its margins. Globally, Flextronics leverages its back-end competence by designing, manufacturing and delivering cellphones for 33-50 per cent of the price that end users typically pay. And this is working for it in a global market where electronics and telecom companies are looking to specialise as pure marketing and strategy outfits, increasingly leaving design and manufacturing to third party outfits like itself.

Cumulatively, Flextronics has invested over $1 billion (Rs 4,400 crore) on a 17,000-square feet manufacturing facility in Bangalore, a 4,000-sq. ft unit in Pondicherry, hardware design centres in Bangalore, Chennai and Gurgaon, and on the acquisitions and investments it has made in India. It manufactures optical networking equipment, telecom handsets and switches for customers like Tejas Networks, Motorola and Nortel at these facilities. On October 6, it announced plans for another $100-million (Rs 440 crore) manufacturing site, this time in Chennai, which will manufacture phones not only for the domestic market, but also for global customers. "We notice that India's domestic market is maturing rapidly; so, having a local manufacturing presence makes sense," says Vijayan Chinnasami, Vice President for Malaysia & India at Flextronics. "Our main objective at this moment is to cater to the Indian market; in future, though, our Indian manufacturing plants will probably become part of our global supply network," he adds. Flextronics has recently signed a deal with Galaxis Sale, a German company, to make seven lakh set-top boxes for cable, satellite and terrestrial television platforms. These will be made at its Bangalore facility, which it acquired from telecom giant Motorola in 2000.

According to Ernst & Young estimates, the EMS market in India could grow to Rs 20,000 crore in the next five years, from Rs 3,800 crore now. "We're not talking millions anymore when we talk about the Indian contract manufacturing market," says Adam Pick, Senior Analyst for EMS and ODM Services at iSuppli, a market research outfit that specialises in the tech space. "It's already in the billion-dollar league. That is very appealing to a business manager from any node of the electronics supply chain."

Sanjay Nayak, CEO of Tejas Network, an optical networking company that provides networking solutions, believes that the arrival of Flextronics and other EMS providers signals the beginning of a hardware boom in India. "The entire ecosystem for hardware will be in place over the next three-to-five years," he says. Going forward, Nayak says companies like Flextronics will definitely use India as a hedge against the risk of placing all their eggs in the China basket.

But infrastructure bottlenecks remain a major concern in India. Another worrying trend for Flextronics is the weak component supplier base. Says McNamara: "If India is to emulate China's EMS exports story, it will have to get two things right-an efficient components supplier base and infrastructure." (See "India's Components Supplier Base Is Weak").

To make the most of its Indian operations, Flextronics will have to expand its portfolio rapidly. The string of acquisitions it has made in this country gives it access to a wide range of skills. The company has been able to keep its customers like Dell, Microsoft, Xerox, Motorola, Siemens, Nokia and Alcatel happy by offering great manufacturing efficiencies, and the Indian acquisitions will only add to its advantage in the global market. Says McNamara: "Eventually, we hope to grow our EMS operations in India to the same size as our operations in China." When that happens, India will have arrived on the world's EMS map. -additional reporting by Rahul Sachitanand

[cashmaker]

FLEX CFO bought 10,000 shares Friday afternoon. Now you see, even the insider believe

FLEX CFO bought 10,000 shares Friday afternoon. Now you see, even the insider believe this stock is oversold and mispricing.I believe the insiders have better view than any other outside analysts and of course Cramer. I will follow the smart money this time and add more shares.

[grebnet]

Flex

I can see that this may be a stock that recovers eventually,but the fact that they have guided lower for the next two qtrs tell me it is dead money for a while. Lets use that money elsewhere and revisit FLEX later.....if we miss it so be it..Ive sat on losers too much in the past and too often wished I hadnt. Im out of FLEX for now. Theres a lot more money to be made elsewhere, not all picks can be perfect...