August 3, 2011

ZIPCAR (ZIP) ZIPPING UP

Zipcar (ZIP) reports Q2 loss of $0.17 per share vs. loss of $0.14 consensus. Zipcar revenues rose 33.9% year/year to $61.6 mln vs the $59.4 mln consensus.

Zipcar issues upside guidance for Q3, sees Q3 revs of $67-69 mln vs. $66 mln consensus Estimate. Zipcar also issues upside guidance for FY11, sees FY11 revs of $240-244 mln vs. $235.mln consensus. Zipcar said,

“Our strong second quarter performance underscores the business momentum we have established based on solid execution and the benefits associated with our first mover advantage… Our commitment to a superior member experience and continued innovation such as the launch of our new Android app during the quarter has helped to stimulate increased activity across the network.

… Please click here or the title below to read more.

August 3, 2011

SILICON IMAGE (SIMG) UP 22% ON A DOWN DAY

This post on Silicon Image (SIMG) is reproduced ffrom a recent entry in ZYX Buy Change Alert Real Time Feed.

We are long Silicon Image with an average price of $2.55. We are holding 50% of the full core position size in Silicon Image. We have previously taken profits with an average price of $8.30.

Silicon Image is a leader in MHL.

MHL is a high-definition audio and video interface that can stream 1080p digital video and up to 8 channel digital audio, transforming the newest mobile devices into portable media powerhouses, while providing power back to the mobile device for optimum consumer convenience when plugged in.… Please click here or the title below to read more.

August 3, 2011