Approved Capital Appropriations, Conference Call Schedules, Product Launches, and Acquisition Agreements - Analyst Notes on TSMC, KLA-Tencor, Garmin, Mettler-Toledo and MicroStrategy
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NEW YORK, May 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM), KLA-Tencor Corporation (NASDAQ: KLAC), Garmin Ltd. (NASDAQ: GRMN), Mettler-Toledo International, Inc. (NYSE: MTD) and MicroStrategy Inc. (NASDAQ: MSTR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2860-100free.
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Taiwan Semiconductor Mfg. Co. Ltd. Analyst Notes
On May 13, 2014, Taiwan Semiconductor Mfg. Co. Ltd. (TSMC) convened a meeting of the Board of Directors, which approved capital appropriations of $568.2 million towards the establishment, conversion, and upgrade of the Company's advanced technology capacity. During the meeting, the Board also approved R&D capital appropriations and sustaining capital appropriations amounting to $107.0 million. The full analyst notes on TSMC are available to download free of charge at:
http://www.analystsreview.com/2860-TSM-23May2014.pdf
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KLA-Tencor Corporation Analyst Notes
On May 20, 2014, KLA-Tencor Corporation (KLA-Tencor) announced the launch of Teron SL650 Reticle Inspection System, a new reticle quality control solution for IC fabs that supports 20nm design nodes and beyond. The Teron SL650 features the required sensitivity and flexibility needed to assess incoming reticle quality, monitor reticle degradation and detect yield-critical reticle defects, such as haze growth or contamination in patterned and open areas. The Company informed that a number of Teron SL650 reticle inspection systems have been installed at foundry, logic, and memory manufacturers around the globe, where they are being utilized for incoming quality check and re-qualification of reticles used in advanced IC manufacturing. Commenting on this newly-released technology, the Company's Vice President and General Manager of the Reticle Products Division (RAPID), Yalin Xiong said, "With the Teron SL650, our team has incorporated state-of-the-art reticle inspection technologies on a compact platform suitable for the IC fab, producing a reticle quality control system with advanced sensitivity, high productivity and extendibility for future nodes." The full analyst notes on KLA-Tencor are available to download free of charge at:
http://www.analystsreview.com/2860-KLAC-23May2014.pdf
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Garmin Ltd. Analyst Notes
On May 14, 2014, Garmin Ltd. (Garmin) announced that it has entered into an agreement to acquire substantially all of the assets of Fusion Electronics Limited (Fusion), a privately-held provider of integrated marine audio equipment, and its subsidiaries. The Company expects the completion of the acquisition, which is subject to customary conditions, to take place on June 30, 2014. Garmin New Zealand Limited, a wholly owned subsidiary of Garmin, will operate as "Fusion Entertainment" in Fusion's present facilities in Auckland, New Zealand following the completion of the acquisition. Praising Fusion, Garmin's President and CEO, Cliff Pemble said, "Fusion has pioneered a number of innovations in marine audio. Their ability to integrate their products with networked marine multifunction displays has been recognized across the industry." The full analyst notes on Garmin are available to download free of charge at:
http://www.analystsreview.com/2860-GRMN-23May2014.pdf
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Mettler-Toledo International, Inc. Analyst Notes
On May 8, 2014, Mettler-Toledo International, Inc. (Mettler-Toledo) released its financial results for Q1 2014. The Company witnessed a 5.0% YoY growth in net sales to $550.6 million. Q1 2014 net earnings came in at $58.1 million or $1.93 per diluted share, compared with net earnings of $52.5 million or $1.69 per diluted share in Q1 2013. Commenting on the financial results, the Company's President and CEO Olivier Filliol said, "Demand was very good in Europe, and growth in the Americas was solid. In China, our sales performance improved, but it has not yet resulted in year over year sales growth. In other regions of Asia / Rest of the World, growth was good. Despite currency headwinds, we generated solid EPS growth as we continue to benefit from our various margin and cost control initiatives." The full analyst notes on Mettler-Toledo are available to download free of charge at:
http://www.analystsreview.com/2860-MTD-23May2014.pdf
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MicroStrategy Inc. Analyst Notes
On May 14, 2014, MicroStrategy Inc. (MicroStrategy) announced that it will start holding conference calls to discuss its quarterly financial results. The first call will be held immediately after the release of its financial results for Q2 2014. The Company said that it intends to continue its current practice of not providing forward-looking revenue or earnings guidance. Further, MicroStrategy informed that additional details regarding each quarterly conference call, including the date and time and instructions for accessing the call, will be announced before each conference call. The full analyst notes on MicroStrategy are available to download free of charge at:
http://www.analystsreview.com/2860-MSTR-23May2014.pdf
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