Apple Inc. (NASDAQ: AAPL) is lower this morning on several issues.  A soft tape is one, a small chip acquisition is another, but the company now has a Taiwanese company called Elan Microelectronics filing a complaint with the US International Trade Commission.  The company claims Apple is infringing on a multi-touch patent in the iPad.Shares are down around $261 after closing at $262.04 yesterday, so the drop here is not extreme in a weak tape.

Broadcom Corp. (NASDAQ: BRCM) traded up last night by almost 2% after reporting a profit and forecasting that revenue would beat expectations.  Shares are indicated up 2% this morning around $35.75 after a $34.82 close.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) is getting spanked after it posted a gain in earnings, but its same-store sales were flat.  This one is in its own deep fryer because after a $51.01 close shares are down over 20% and close to $41.00 this morning after an active session last night.

Flextronics International Ltd. (NASDAQ: FLEX) is indicated about 2% lower after the EMS company beat earnings projections but on light sales.  Guidance was mostly in line.  Shares are indicated down at $7.75 after a $7.94 close.

Hutchinson Technology Inc. (NASDAQ: HTCH) is getting kicked in the hutch.  Shares were down about 20% after posting a wider than expected quarterly loss and it said shipments fell by over 15% on lower market share.

National Bank of Greece SA (NYSE: NBG) is trying to post a solid recovery after getting drummed yesterday.  Shares are indicated up 8% at $2.81 on rather active trading volume.

Panera Bread Company (NASDAQ: PNRA) earnings rose over 50% with a 10% same-store sales increase.  The problem is that this matched guidance after a huge run-up and BWLD probably is not a big help right now.  The company reaffirmed its prior fiscal guidance.  After an $86.20 close, shares are indicated down under $84.00.

RF Micro Devices Inc. (NASDAQ: RFMD) is indicated up over 4% after it beat earnings expectations with a 51% rise in revenues. Guidance was great for the quarter: “is currently fully booked for sequential revenue growth in the June quarter and currently expects June quarterly gross margin to be consistent with March quarterly results.”

Robert Half International Inc. (NYSE: RHI) is signaling that the recruiting business is not yet back.  Its quarterly profit fell by 8% as revenues also fell.  Just to stay consistent, its stock also fell by about 10% to $28.25.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.