XLNX Looking at shorting this one into earings too

Semiconductors

Stock Quote XLNX

iSuppli now expects unit shipments of 1G and 2G mobile handsets to drop more substantially in 2009 than previously thought. Shipments will fall by approximately 14% compared to an earlier forecast of a 1% decline. Desktop PC shipments are expected to decline by about 5% in 2009 compared to 2% growth expected before. Mobile PCs remain somewhat of a bright spot. although the forecast increase of 15% has been pulled back from prior expectations of a 25% jump.

Preliminary iSuppli forecasts show unit shipments of rigid disk drives in 2009 falling by about 11 million units compared to 2008. These declines in shipments will have the effect of depressing production of application specific standard products (ASSPs), application specific ICs (ASICs) and programmable logic devices (PLDs). Companies like Skyworks (SWKS) and RF Micro Devices (RFMD) fall into the first category, Altera (ALTR) and Xilinx (XLNX) fall into the last two categories.
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I grabed 20 PUT's at the last minute of trading

IN at .20

XLNX Jan 2009 15.0000 put(OPR: XLQMC.X)

Xilinx reports EPS in-line, beats on revs; guides Q4 revs below consensus Reports Q3 (Dec) earnings of $0.32 per share, excluding $0.19 in non-recurring items (or excl $89.7 mln in gains and $18.5 mln in charges), in-line with the First Call consensus of $0.32; revenues fell 3.5% year/year to $458.4 mln vs the $443.7 mln consensus. Xilinx sees Q4 revs down 15-25% sequentially. Co issues downside guidance for Q4, sees Q4 revs down 15-25% sequentially, which equates to ~$343.8-389.6 mln vs. $409.65 mln consensus. Operating expenses are expected to be flat to slightly down sequentially from the December quarter.




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