Amphenol reported a quarterly results drop, but still beat Wall Street expectations, driven partly by growth in mobile devices and forecast fourth-quarter revenue above analysts' expectations.
http://www.pcb007.com/pages/zone.cgi?a=53855
Nov 04, 2009 (M2 EQUITYBITES via COMTEX) --
3 November 2009 - S&P on Monday upgraded to positive from stable its
rating outlook for US electronic connectors, cables and interconnect
systems maker Amphenol Corp (NYSE:APH) while retaining the company's
BBB- corporate credit rating.
The analysts attributed the upward revision to Amphenol's improved debt
maturity schedule and continued good operating results despite the
industry's recent downcycle.
The rating service also assigned its BBB- rating to the company's new
USD600m (EUR410m) five-year senior unsecured note issue. Amphenol will
use proceeds to repay amounts outstanding on its credit agreement.
The rating on Amphenol reflects its solid business profile and
relatively moderate financial policies and leverage. These credit
strengths are partially mitigated by limited market diversity.
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Companies: Amphenol Corp. (APH)
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Oct 30, 2009 (M2 EQUITYBITES via COMTEX) --
Amphenol Corporation (NYSE:APH), a supplier of electronic and fibre
optic connectors, cable and interconnect systems, has priced its
offering of USD600m aggregate principal amount of senior notes due
2014, the company reported on Thursday.
The notes will have an interest rate of 4.75% per annum and are being
issued at a price equal to 99.813% of their face value.
The proceeds will be used by Amphenol to repay amounts outstanding
under its revolving credit facility.
The offering is expected to be closed on 5 November 2009, subject to
customary closing conditions.
Banc of America Securities LLC and J.P. Morgan Securities Inc are
acting as active book-running managers for the offering, while Deutsche
Bank Securities Inc and Wells Fargo Securities LLC are acting as
passive book-running managers.
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Companies: Amphenol Corp. (APH)
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Nov 03, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Amphenol (NYSE:APH) is trading 0.7% higher (up $0.30 to $40.97) today on volume of 669,160 shares. The stock is trading near its 52-week high of $42.40. We are watching for a close above that level.
Amphenol is currently above its 50-day moving average of $37.95 and above its 200-day moving average of $32.34.
SmarTrend is bullish on shares of APH and our subscribers received an Uptrend alert on October 12, 2009 at $38.66, which has returned 6% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
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Companies: Amphenol Corp. (APH)
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Oct 28, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Amphenol (NYSE:APH) on October 12, 2009 at $38.67.
Since then, Amphenol has returned 7.6% as of today's recent price of $41.59. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
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Companies: Amphenol Corp. (APH)
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Amphenol UK Operations is an innovative and leading edge manufacturer of both connectors and interconnect systems for applications within the mil-aero and industrial markets.
http://www.amphenol.co.uk/
Amphenol AssembleTech is a leading provider of custom cables and contract manufacturing services to high tech OEM manufacturers of computer, medical, telecommunication and capital equipment across the country and around the world.
http://www.assembletech.com/
Manufactures electrical, electronic and fiber optic connectors, coaxial and flat-ribbon cable, and interconnect systems.
http://www.amphenol.com/
Welcome to Amphenol Aerospace Amphenol Aerospace (formerly Bendix) is the leader in providing quality interconnect solutions to the Military and Aerospace markets.
http://amphenol-aerospace.com/
Amphenol Corporation (NYSE: APH) is a major producer of electronic and fiber optic connectors, cable and interconnect systems. Amphenol is a portmanteau from the corporation's ...
http://en.wikipedia.org/wiki/Amphenol
