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“This is largely in-line to read from recent Lumentum warning,” they said, adding the Lumentum guidance would have implied an impact of 15-20 million iPhones. AMS shares gained as much as 6.4 percent to 29.65 Swiss francs after a steep drop in early trade. They have lost nearly 30 percent since Apple’s latest earnings release and are down 70 percent since the beginning of the year and some investors see a buying opportunity, said traders. AMS expects revenue to come in between $480 million and $520 million in the three months to Dec tateossian globe cufflinks uk sale. 31, compared with the $570-$610 million it forecast last month..
The adjusted operating margin for the quarter is expected to reach the low to mid-teen percentage range after previous guidance for the margin to rise to 16-20 percent. AMS also abandoned its 2019 revenue target of more than $2.7 billion, saying it now expects annual double-digit revenue growth for the coming years. It still aims for a 30 percent adjusted operating margin but no longer gives a specific time frame tateossian globe cufflinks uk sale. It had already postponed the target to 2020 from 2019 in July, at the time due to order delays from a major customer..
“These guys have no visibility any more,” said Mark Taylor, senior sales trader at Mirabaud Securities’ Global Thematic Group. AMS, which has invested heavily in research and development and in production expansion, is now seeking to address underutilized facilities, increasing competition and its reliance on Apple. Although a number of analysts have cut their recommendations recently, many target price recommendations are still above 40 Swiss francs tateossian globe cufflinks uk sale. “I wouldn’t be surprised to see (the stock) rally,” said Taylor..
BARCELONA (Reuters) – Cable operator Liberty Global (LBTYA.O) is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn’t found, CFO Charlie Bracken said on Thursday. Liberty is looking to divest assets where it does not see a profitable way into mobile markets tateossian globe cufflinks uk sale. It has sold its Austrian unit to Deutsche Telekom (DTEGn.DE), while the $21.8 billion sale of its operations in Germany and Central Europe to Vodafone (VOD.L) is being reviewed by regulators..
In Switzerland, there has been persistent speculation that UPC would merge with Sunrise Communications (SRCG.S), whose German anchor investor Freenet (FNTGn.DE) has said it is also open to offers to sell its stake. “We’re not desperate, that’s really important,” Bracken said at the Morgan Stanley Technology, Media and Telecoms Conference in Barcelona. Bracken saw the opportunity for strategic rationalization on the Swiss market but in the meantime UPC was reinvesting capital to strengthen its Swiss video content offering, which has been identified as a weakness tateossian globe cufflinks uk sale.