November 04, 2008 at 06:00 AM EST
Zacks Analyst Blog Highlights: Tessera Technology, Inc., Motorola, Inc., QUALCOMM, Inc., Arch Coal, Inc. and Oplink Communications Inc.

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 Technology, Inc. (Nasdaq: TSRA), Motorola, Inc. (NYSE: MOT), QUALCOMM, Inc. (Nasdaq: QCOM), Arch Coal, Inc. (NYSE: ACI) and Oplink Communications Inc. (Nasdaq: OPLK).

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Here are highlights from Mondays Analyst Blog:

Tessera Reaps Cellphone Demand

Tessera Technology, Inc. (Nasdaq: TSRA) has advanced packaging technologies with industry-wide application. September quarter top-line results beat consensus estimates while the bottom-line missed.

The firm recently suffered its first legal setback as an International Trade Commission judge stayed the company's patent infringement motion against Motorola (NYSE: MOT), Freescale and Qualcomm (Nasdaq: QCOM). This will not affect the top or bottom-line. We continue to rate shares of TSRA a Buy.

Arch Coal a Buy, Target Down

We are maintaining our Buy recommendation on Arch Coal (NYSE: ACI). Even though the global economy looks to be weak in 2009, the fundamentals driving the strength of coal prices remain.

Arch Coal posted better than expected third quarter earnings of $98MM or $0.68 per share, beating our Q3'08 estimate of $0.64 per share. Earnings per share increased more than 250% year-over-year and were down slightly sequentially due to a less favorable mix of shipments and the effects of a longwall move in Archs Western Bituminous operations.

Oplink Feeling Downturn Impact

Oplink Communications Inc. (Nasdaq: OPLK) reported revenues of $43 million in Q1:FY09, down 12.6% year over year but up 15.0% quarter over quarter. Gross margin was significantly down both on a GAAP and a non-GAAP basis mainly due to pricing pressure and less favorable product mix.

GAAP EPS was ($0.16), mainly due to an inventory charge of $4.1 million. Non-GAAP EPS of $0.15 missed our estimate by a penny. Going forward, management was cautious about the impact of current macro conditions on telecom capital spending and expects to report revenues around $34.0 million $38.0 million in Q2:FY09.

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