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Integrated Silicon Solution, (Nasdaq: ISSI) Trading at $8.79, Up $1.30. Announced Monday after market close its financial guidance for the second fiscal quarter ending March 31, 2010. During the March quarter to date, the Company has experienced better than expected end market demand and pricing, primarily for its DRAM products.
As a result, the company is increasing its revenue and margin guidance for the quarter. In addition, due to higher than expected new product mask costs and non-executive employee compensation, the Company now expects its operating expenses to be higher than previously expected. The Company also expects its net income and earnings per share to be higher than its prior guidance.
ISSI's updated guidance for the March quarter is as follows: Revenue of between $54 million and $56 million compared to previous guidance of $48 million to $52 million. Gross margin to be between 34 percent and 38 percent compared to previous guidance of between 28 percent and 32 percent. Operating expenses to be in a range of $14.0 million to $14.6 million compared to previous guidance of $12.4 million to $13.0 million. Net income to be between $0.20 and $0.24 per fully diluted share compared to previous guidance of between $0.08 and $0.12 per share.
What They Do: ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: Digital consumer electronics, Networking, Mobile communications, Automotive electronics, and Industrial. The Company's primary products are high speed and low power SRAM and low and medium density DRAM.
To read more about Integrated Silicon Solution visit http://www.smallcapreview.com/issi.htm
The PMI Group, Inc.'s (NYSE: PMI) Trading at $3.60, Up $0.46. Today announced that
PMAC, which holds capital of approximately $28 million, will insure new loans under the same policy terms and conditions as MIC, and will contract with MIC to provide it with sales, operations, and other support services.
What They Do: PMI Mortgage Insurance provides credit enhancement solutions that expand homeownership while supporting our customers and the communities they serve.
China MediaExpress Holdings (AMEX: CCME) Trading at $13.93, Up $1.65. Today announced financial results for the fourth quarter and year ended December 31, 2009. Revenue increased by 90.6% to $32.0 million in the fourth quarter of 2009 as compared to $16.8 million in the same quarter of 2008; Gross margin for fourth quarter was 68.9%; Income from operation increased by 104.7% to $19.5 million in the fourth quarter of 2009 as compared to $9.5 million in the same quarter of 2008; and Net income increased by 99.6% to $14.3 million in the fourth quarter of 2009 compared to $7.2 million in the same quarter of 2008.
What They Do: CME, through contractual arrangements with Fujian Fenzhong, a variable interest entity of the Company, operates the largest television advertising network on inter-city express buses in China.
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