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Los Angelas, CA -- (SBWIRE) -- 01/28/2013 -- KLA-Tencor Corporation (NASDAQ:KLAC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -3.43% to $107 million (63 cents per diluted share) in the quarter versus a net gain of $110.8 million in the year-earlier quarter. Revenue rose 4.75% to $673 million from the year-earlier quarter. KLA-Tencor Corporation reported adjusted net income of 63 cents per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $634.9 million. Furthermore, KLA-Tencor received a nice boost from Samsung, one of its biggest customers, which noted plans to keep its capital expenditures at the same level as 2012. Even after today's pops, most of the semiconductor equipment suppliers still look relatively cheap
Can KLAC Extend Jump? Find Out Here
Shares of Silicon Graphics (NASDAQ:SGI) have skyrocketed today by as much as 11% after receiving an analyst upgrade. Sterne Agee boosted its rating on the stock from hold to buy while assigning a price target of $19. That's over 50% upside from even today's high. Analyst Alex Kurtz said the next 12 months should see upside from efficiency gains in operations and gross margin. Kurtz expects the company to beat consensus estimates for the foreseeable future thanks to growth in big-data trends and near-term catalysts. Silicon Graphics may also be able to exercise leverage during the next year for additional gains. Earlier this week, the company said it would release second-quarter results on Jan. 30, so shareholders won't have to wait long to hear how the business is performing.
Can SGI Continue To Move Higher? Find Out Here
Compuware Corporation (NASDAQ:CPWR): On Friday, The company said that its board finished its comprehensive review of the firm’s alternatives and okayed an action plan through which to realize the inherent value of Compuware for its shareholders. In addition, the board unanimously decided that Elliott Management Corporation’s proposal to purchase all outstanding shares of Compuware at $11 per share significantly undervalues the firm and is thus not in the best interest of shareholders.
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VeriSign (NASDAQ:VRSN) reported Q4 and 2012 results yesterday. For the quarter, the company posted revenue of $230 million and net income of $106 million ($0.65 per diluted share) according to GAAP standards. The top line improved 13% on a year-over-year basis. The latter was nearly double the level of Q4 2011, but it includes special items that added around $15 million. The average analyst expectation for this most recent quarter was for $229 million in revenue and EPS of $0.51. For the full year, the company's revenue totaled $874 million, also 13% higher than in the preceding period. Net income was $320 million (diluted EPS of $1.95), up sharply from 2011's $143 million ($0.86).
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