Apple News Update: Q3'08 Financial Announcement

Apple outlook well below Wall St view



Highlight:
-Apple shipped nearly 2.5 million Macs in its Q3 (up 41 percent from a year ago), sold more than 11 million iPods (up 12 percent from a year ago), sold 717,000 iPhone.
-Q3 gross margin of 34.8%
Share down 10% after earning released.

Outlook:
Apple forecast September-quarter earnings of $1.00 per share, below the Wall Street target range of $1.13 to $1.41 per share.
Badly lagging the average of $1.25. Apple's revenue target of $7.8 billion trails Wall Street's $8.3 billion view for its fiscal fourth quarter, according to Reuters Estimates.
Apple forecast a Q4 gross margin of 31.5 percent, and about 30 percent for 2009.

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Malaysia - CPI for June surges to 7.7%

As reported by TheStar Newspaper, Malaysia's Consumer Price Index (CPI) for June spiked to a 27-year high of 7.7%. This figure is slightly more than double the May CPI of 3.8%. The 7.7% is also the highest since April 1981 when the CPI was recorded at 10.8%.

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Xilinx News Update: Q1'09 Financial Announcement

Xilinx posts flat earnings, strong revenue for 1Q



Highlights:
- Q1 result included charges of $24.1 million, or 7 cents per share, for a restructuring as well as impairment losses on equity investments.
- Sales from the Asia Pacific region reached a record 32 percent of total sales, up from 29 percent a year ago.
- Shares rose $1.36 to $25.21 in regular trading and shed 55 cents to $24.66 after hours.

Outlook:
Q2'09 projects revenue could grow as much as 1 percent sequentially, but could decline as much as 3 percent, which translates to a range of $493 million to $473.5 million.

Altera News Update: Q2'08 Financial Announcement

Altera Q2 revenue up 7% and beat the its forecast of 4%



Highlight:
Gross margin improved to 67.1 percent from 64.6 percent. This boost up Net Profit Margin to 27.2%.

Altera repurchased 65,000 shares during the quarter for $1.4 million.

It also declared a quarterly dividend of 5 cents a share to shareholders on record on Aug. 11.

Outlook:

Third-quarter sales to be flat to down 3 percent sequentially (359.9 mil to 349.1 mil).

On average, analyst surveyed by Thomson Financial forecast revenue of $350.5 million.

InBev confirms Anheuser-Busch deal for $50 billion

U.S. brewer Anheuser-Busch Cos Inc (NYSE:BUD - News) agreed to be acquired by Belgium-based InBev NV (Brussels:INTB.BR - News) for about $50 billion, the companies said on Sunday, creating the world's largest beer maker.

InBev, maker of Stella Artois and Beck's, plans to pay $70 per share for Anheuser, the No. 1 U.S. brewer. Based on Anheuser's 713 million shares outstanding as of March 31, the deal values the company at $50 billion.

To think about...what is the acquisition meant?

Malaysia Inflation to Exceed 6% in June 08

KUALA LUMPUR: Bank Negara Malaysia expects the consumer price inflation to exceed 6% in June, following the adjustment in petrol prices by 40.6% and diesel prices by 63.3%, says Governor Tan Sri Dr Zeti Akhtar Aziz.