Mesa8888
12 years ago
NSM Mortgage servicing company pps will be booming x10 in 10 years:
Mortgage market going up in the future!!!
Nationstar Mortgage Holdings Inc. (NSM) has agreed to acquire roughly $10.4 billion in residential mortgage servicing rights from Bank of America Corp. (BAC) in a co-investment with Newcastle Investment Corp. (NCT).
As a mortgage servicer, Nationstar provides administrative functions on loans that are held by banks, government organizations, private investment funds and other owners of mortgage loans and securities. It earns revenue based primarily on the unpaid principal balance of loans serviced.
The company said Tuesday that the servicing portfolio being acquired from Bank of America consists entirely of loans in government-sponsored enterprise, or GSE, pools.
Nationstar noted it will fund a portion of the purchase price with $44 million co-investment being made by Newcastle that gives it the right to receive 65% of the monthly cash flow generated by the mortgage servicing rights.
Further financial details weren't disclosed.
Nationstar went public in March in a lackluster debut on the New York Stock Exchange. While most residential mortgage loan servicing is concentrated among a few banks, Nationwide is a non-bank servicer, and has said it believes the industry is shifting away from banks toward non-bank servicers as banks seek to exit the business, which can be volatile and capital-intensive.
Shares closed Monday at $19.53 and were inactive premarket. The stock is up 40% from its $14 IPO price.
$200/pps possibility?
Mesa
*MARINE 1*
15 years ago
National Semiconductor to Host Annual Shareholder and Analyst Meeting in Santa Clara, California
SANTA CLARA, Calif., Sept. 3 /PRNewswire-FirstCall/ -- National Semiconductor Corp. (NYSE:NSM) will host its Annual Shareholder and Analyst Meeting on Friday, Sept. 25 at 10 a.m. PDT at the company's headquarters campus in Santa Clara, Calif.
Speakers: Brian Halla, chairman and chief executive officer Don Macleod, president and chief operating officer Lewis Chew, chief financial officer
When: Friday, Sept. 25, 2009 10:00 -11:30 a.m. PDT
Where: National Semiconductor, Santa Clara Campus Building E Conference Center 2900 Semiconductor Drive Santa Clara, CA 95051
Audio Webcast: A live audio Webcast will be available at http://www.national/analog/invest A replay will be made available shortly after the meeting.
Reservations: Financial analysts, shareholders, and members of the news media are welcome to attend. Registration is required in advance by calling Investor Relations at 408-721-5800 or by sending an email to no later than end of business on Friday, Sept. 18.
About National Semiconductor
*MARINE 1*
15 years ago
Went on a ride Friday:
SANTA CLARA, Calif., July 20 /PRNewswire-FirstCall/ -- National Semiconductor Corp. (NYSE: NSM - News) today announced the election of Roderick C. McGeary to the board of directors. McGeary, 59, is Chairman of the Board of BearingPoint, Inc., one of the world's largest providers of management and technology consulting services.
In addition to his role as Chairman, he has served as interim Chief Executive Officer (CEO) of BearingPoint, Inc. from 2004 to 2005. He was CEO of Brience, Inc. from 2000-2002 and was also Managing Director of KPMG Consulting LLC, a subsidiary of BearingPoint, Inc. (formerly KPMG Consulting, Inc.).
Mr. McGeary serves on the board of directors of Cisco Systems, Inc. and Dionex Corporation. He is a certified public accountant and holds a bachelor's degree in accounting from Lehigh University.
About National Semiconductor
National Semiconductor is a leader in analog power management technology. Its products include easy-to-use integrated circuits, PowerWise products that enable more energy-efficient systems, and SolarMagic products which improve the energy output of solar arrays. The company celebrates its 50th anniversary this year. Headquartered in Santa Clara, Calif., National reported sales of $1.46 billion for fiscal 2009. Additional information is available at www.national.com.
analogdog
16 years ago
Ahead of the Bell: National Semiconductor
Friday June 6, 8:34 am ET
Analysts spar on National Semiconductor's margin potential after strong fiscal 4th-qtr results
NEW YORK (AP) -- Analysts took differing views Friday on National Semiconductor Corp.'s margin potential a day after the company posted strong fiscal fourth-quarter results above Wall Street's expectations.
Jefferies & Co. analyst John Lau praised the results and noted the $83.2 million profit was aided by cost control, strong manufacturing and a 65.9 percent gross margin.
In the second half of this year, however, the company may find its sales shifting toward the consumer business, which would shrink gross margins, he said.
"We believe that gross margins were at a peak for the quarter and should realign with average analog sector gross margins going forward," said Lau, who kept a "Hold" rating on shares.
Due in part to guidance for fiscal first-quarter sales above analysts' views, Lau boosted his price target to $22 from $19, implying he expects the stock to slip about 3 percent over Thursday's $22.66 close.
Yet JPMorgan analyst Christopher Danely said gross margins have nowhere to go but up and predicted they may hit 65 percent in the fiscal second quarter and march toward 67 percent by 2010.
"National continues to focus on growing its higher margin analog business and represents a successful example among semiconductor companies on business restructuring along with flawless execution toward a higher quality business model," Danely said in a note to clients.
Danely rates shares "Overweight."
A company representative was not immediately available for comment.
buhg1b
17 years ago
National Semiconductor CFO Lewis Chew to Address Merrill Lynch Technology 2008 Conference
PR Newswire
April 28, 2008: 08:00 AM EST
SANTA CLARA, Calif., April 28 /PRNewswire-FirstCall/ -- Lewis Chew, chief financial officer of National Semiconductor Corporation (NYSE: NSM), will speak at 1:30 p.m. EDT on Tuesday, May 6 at the Merrill Lynch Technology 2008 Conference. The event takes place at the Westin Times Square Hotel in New York, N.Y.
A live audio webcast will be available http://www.national.com/invest/conf.html. Following the conference, a replay of the presentation will be available for six months.
About National Semiconductor
National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems. Headquartered in Santa Clara, California, National reported sales of $1.93 billion for fiscal 2007, which ended May 27, 2007. Additional company and product information is available at http://www.national.com.
SOURCE National Semiconductor
buhg1b
17 years ago
On April 16, 2008, the Company's Board of Directors amended and restated the Company's By-Laws to update the By-Laws to harmonize them with the Company's other governance documents and to reflect current developments in Delaware law and SEC regulations. Among other things, the amended and restated By-Laws: (i) amend provisions relating to meetings of the stockholders of the Company to clarify the voting requirements applicable to and procedures for actions taken at such meetings and to allow such meetings to take place by remote communication; (ii) amend provisions relating to notice requirements to facilitate the giving of notice and the waiver of notice by electronic transmission; (iii) amend provisions regarding the composition of the Board of Directors and clarify language regarding reduction in the authorized number of directors; (iv) update provisions governing stock certificates, uncertificated shares and transfers of stock; and (v) amend provisions regarding indemnification to clarify the scope of indemnification provided thereby. The amended and restated By-Laws allow the Company to, inter alia, take advantage of recent amendments to the Delaware General Corporation Law that permit a corporation to use electronic communications in lieu of more traditional means of communications. The Company believes that economics and efficiencies can be realized through the use of electronic communications which will result in significant time and cost savings to both the Company and its stockholders. Further, the updating of the By-Law provisions relating to the use and transfer of uncertificated shares should also result in efficiencies and economies with related savings for both the Company and stockholders.
www.sec.gov
buhg1b
17 years ago
National Semiconductor to Showcase High-Performance Analog Products for Professional and Broadcast Video at NAB 2008
Tuesday April 8, 8:00 am ET
What: National demonstrates its high-performance analog chip solutions at NAB
Where: Booth N1720 at Las Vegas Convention Center, Las Vegas, Nevada
When: April 14-17, 2008
SANTA CLARA, Calif., April 8, 2008 /PRNewswire-FirstCall/ -- National Semiconductor Corp. (NYSE: NSM) will showcase its latest industry-leading analog-intensive video products for the professional and broadcast markets at the National Association of Broadcasters (NAB) show, April 14-17, 2008, in Las Vegas, Nevada. National will conduct live demonstrations of its analog solutions, including a 3 Gbps (3G) serial digital interface (SDI) product family addressing the new Society of Motion Picture and Television Engineers (SMPTE) 424M specification, an analog video matrix switcher, a low-jitter video clock generator, and a low-noise audio buffer teamed with operational amplifiers (op amps) that deliver ultra-low distortion and high-fidelity performance.
http://biz.yahoo.com/prnews/080408/aqtu010.html?.v=43
Solutions Supporting Video Systems
National's high-performance analog technology can help video engineers differentiate their products. National provides the key functions every system engineer requires, including operational amplifiers, power management, data conversion, interface and serial digital video products, audio subsystems, display ICs and networking products.
About National Semiconductor
National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems. National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, interface products and data conversion solutions. National's key analog markets include wireless handsets, displays, communications infrastructure, medical, automotive, industrial, and test and measurement applications. Headquartered in Santa Clara, Calif., National reported sales of $1.93 billion for fiscal 2007, which ended May 27, 2007. Additional company and product information is available at http://www.national.com.
Media Contact Reader Information
Mark Alden Design Support Group
National Semiconductor (800) 272-9959
(408) 721-6929 World Wide Web
mark.alden@nsc.com http://www.national.com
Source: National Semiconductor Corp.
buhg1b
17 years ago
Saturday, Mar 29, 2008, Page 11
National Semiconductor Corp chief executive officer Brian Halla said on Thursday that demand for mobile phones is holding up even as the economy slows.
"So far, people keep buying," Halla told Bloomberg Television. "There is caution out there, especially when kids have to face a choice of taking five dollars and putting it towards a new cellphone or buying one gallon of gas."
National Semiconductor, the maker of chips for devices such as Apple Inc's iPhone, gets more than a third of its sales from mobile-phone companies.
A tighter credit market and record oil prices hadn't hurt wireless demand yet, Halla said. That contrasts with predictions this month from Texas Instruments Inc and Sony Ericsson Mobile Communications Ltd.
Texas Instruments, which is the second-largest maker of chips for mobile phones after Qualcomm Inc, cut its sales and profit forecast on March 10, citing slowing demand for phones that download music and access the Internet. The next week, Sony Ericsson, the world's fourth-largest handset maker, said first-quarter earnings and revenue would fall because of slower handset sales.
Halla, 61, is facing stalling revenue growth. On March 6, he forecast fiscal fourth-quarter sales of up to US$460 million, a 1 percent gain from a year earlier.
Halla, a former Intel Corp executive who has led National Semiconductor for more than a decade, said on Thursday that the company's revenue from mobile phones is a good indicator of the health of the overall economy.
"A lot of people got together and said that the sky was falling in," Halla said. "We watched the cellphone market and people kept buying them."
http://www.taipeitimes.com/News/biz/archives/2008/03/29/2003407569
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IH Dan (Retired)
12 years ago
pumpnass
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shankapotamus
14 years ago
bluebird50
14 years ago
