Zacks Analyst Blog Highlights: Tessera, Motorola, Qualcomm, Spansion and Verifone Holdings.

For Immediate Release

Chicago, IL – June 4, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tessera (TSRA - Analyst Report), Motorola (MOT - Analyst Report), Qualcomm (QCOM - Analyst Report), Spansion (SPSNQ - Snapshot Report) and Verifone Holdings (PAY - Analyst Report).

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Here are highlights from Wednesday’s Analyst Blog:

Tessera Reaps from Latest Win

Two weeks ago we blogged on the Tessera (TSRA - Analyst Report) ITC case. The ruling from the International Trade Commission barred firms such as Motorola (MOT - Analyst Report), Qualcomm (QCOM - Analyst Report), Freescale Semiconductor and Spansion (SPSNQ - Snapshot Report) from selling inventory that infringes on the company's technology rights.

On Tuesday, Tessera Technologies announced it has negotiated a licensing agreement with Motorola over disputed technology rights and raised its second-quarter sales forecast. Management raised its sales estimate for the second quarter to a range of $59-61 million, up from $46- $49 million.

Verifone Beats Q2 Estimates

Shares of Verifone Holdings (PAY - Analyst Report) are slightly higher (~2%) in trading today following its release of fiscal Q2 results yesterday. Adjusted EPS of $0.17 came ahead of consensus expectation of $0.15 (we were lower at $0.13), while revenues of $202 million (down 13% sequentially) were lower than our and the consensus expectation of $208 million. The company saw flat revenue in North America sequentially, while Europe, Asia and Latin America posted declining revenues.

The management of PAY conceded that revenues were being negatively impacted by the global economic slowdown and is not in a position yet to project a rebound. Guidance for Q3 was flat, both in terms of revenues and EPS ($0.15 - $0.18). Our current estimates for revenues are at $210 million and EPS of $0.17. The company also lowered FY09 EPS guidance to $0.65-0.70 on $810-830 million of revenue from previous guidance of $0.60-$0.85 on $830-$880 million of revenue. This compares to our current estimates of $840 million in revenues and non-GAAP EPS of $0.60 and consensus estimate of $848 million in revenue and non-GAAP EPS of $0.67.

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