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$4.55 0.02 (0.44%)
9/5/2008 4:00 PM

Magma Design Automation, Inc. (LAVA)

CAPS Rating:
**

The Company provides electronic design automation software products and related services. Its software enables chip designers produce complex integrated circuits used in the communications, computing, networking and semiconductor industries.

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Recs

2

Avatar synergize (98.32) Submitted: 5/15/08 11:27 PM : Underperform Start Price: $6.53 LAVA Score: 9.42

On 2-May-20087, the company it expects first-quarter profit well below Wall Street expectations.
The company also guided for a fiscal 2009 well below Wall Street expectations after losing four or five major deals in the 2008 fourth quarter.

At the core of the problem is the ongoing transition toward a next generation digital platform while simultaneously rolling out newer products ... Magma got too ambitious and got caught

Technical:
The price gapped down on 2-May-2008 wit massive sell-off. The force of this drop is strong that it can trigger more selling in the coming days or weeks. Stochastics is still going down and not yet in the oversold so the price can still go lower the current price.

Stock is on a downtrend since October 2007.

Reports and links:
http://money.cnn.com/news/newsfeeds/articles/apwire/55e32b2f8459723d1f6ce4f23bf2d5dd.htm

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