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Cray cratered today on a bad number, dropping almost 30% from its close yesterday. Continued delays integrating new chips from Intel and Nvidia combined with a recent fire at a production facility took 2016 revenue estimates down over $100 million.Most of the revenue looks pushed out and not lost entirely but… Read More

Integrated Device Technology  is trading at about $20, down  $2 due to the loss of one of its cell phone chip customers. Although the company met earnings estimates of $.36 for the June quarter and beat revenue estimates slightly, the loss of this customer lowers 2017 estimates (year end March 2017)… Read More

The U.K.’s stunning vote to exit the EU shot a big dose of ambiguity into global investing. When asked about the vote’s impact to their companies, many global CEOs drew a blank. Changes in tax laws, trade agreements and employment for an “independent” U.K. can’t even be analyzed until the… Read More

Ethan AllenOn July 26 Ethan Allen (NSDQ: ETH) brought home some great numbers. Revenue grew 6% to $206 million, $5 million higher than estimates. Earnings per share grew 32% to 57 cents, 10% higher than analysts expected. Profit margins expanded once again as the company’s newly designed lines sold at… Read More

The supercomputer company Cray (NASD: CRAY) got super trashed in May when it lowered near term earnings due to a component shortage. Those components, powerful new chips designed by Intel and Nvidia, are now available and should put Cray’s shipments back on track. Cray’s supercomputers are increasingly being used by commercial customers… Read More

National Presto Industries (NYSE: NPK) announced its wholly owned subsidiary, AMTEC Corp., won an $84.5 million contract from the Department of the Army. Deliveries for the contract are scheduled in 2017. The defense segment represents the company’s fastest-growing sector despite weakness in the first quarter due to the timing of… Read More

The company reported excellent first-quarter fiscal 2017 earnings last week that sent shares up 9% to more than $45. Earnings per share of 61 cents beat analyst expectations of 49 cents by 24.5%. Management raised full-year fiscal 2017 earnings guidance 5 cents to range between $2.70 and $2.85.Revenue for the… Read More