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Reply #21: 54anickel, were you saying that the market was "improving" based [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-29-05 08:22 AM
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21. 54anickel, were you saying that the market was "improving" based
on 2nd half expectations?

Mentor Graphics lowers financial view for second half

NEW YORK (MarketWatch) -- Mentor Graphics (MENT) Friday lowered its outlook for fiscal 2005, citing weak bookings in the second quarter. The Wilsonville, Ore., maker of semiconductor design products now expects between breakeven results and a loss of 5 cents a share on a pro forma basis for the third quarter with revenue ranging from $160 million to $165 million. For the fourth quarter, it sees pro forman earnings of 50 cents a share on revenue of about $221 million. Wall Street's current consensus estimates was for earnings of 11 cents a share in the September quarter. For fiscal 2006, Mentor sees pro forma earnings growth of 25% to 50 cents a share on revenue of about $755 million. The stock closed Thursday at $10.22, down 2.4%.

Perhaps the cheerleading section should be looking a little harder at everything but the freaking "energy" part of the market.

I smell a fleecing coming up.

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