Pre-Market

NDX futures and QQQQs are hugging the unchanged line.

A few noteworthy items for some of our watchlist stocks courtesy of Briefing.com :

TRID - Amtech notes that GNSS pre-announced the March quarter, guiding revenues to $60-61 mln vs $62-67 mln. They say the shortfall was attributed to weaker than expected demand for flat panel TV controllers in Europe and for digital CRT TV controllers in China. Firm would be buyers of both TRID and OIIM on weakness due to ‘guilt by association.' They believe that GNSS O.E.M. customers (LG, Toshiba, Philips) are losing share to TRID O.E.M. customers (Sony, Sharp, Samsung). Additionally, they think TRID could see upside potential from penetration in tier two O.E.M.s and O.D.M.s. As such, they continue to believe estimates will move up through the year. Despite the miss, they say GNSS did comment that LCD monitor demand was in line with expectations (flat q/q) and thus increases their conviction that concerns over OIIM monitor inventories are overdone. They note that as recently as last week, OIIM management reiterated that the monitor problems from Q4 have not resurfaced.

NVDA - Digitimes reports Nvidia on March 30 announced a new line of Nvidia Quadro FX graphics solutions, the Quadro FX 350M, 1500M, and 2500M, for mobile workstations, which will be incorporated into Dell's Precison M65 and M90 workstations. Nvidia Quadro FX mobile solutions offer the same features found in Nvidia workstation graphics solutions for desktop-based professional workstations, stated the company. These include exclusive features like 12-bit sub-pixel precision and full 32-bit floating point precision, noted Nvidia.

AKAM - Prudential expects another strong quarter out of Akamai driven by high levels of media traffic, particularly video. Firm raises their 1QE revenue and EPS ex-option expense to $87.1 mln and $0.17 (consensus is for $85.3 mln and $0.16) and their 2006E revenues and EPS ests to $371 mln and $0.73 (consensus is for $363.9 mln and $0.71). Given higher demand they are slightly increasing their capex forecast to 14% of revenue, putting some downward pressure on free cash flow. Despite continued strong business trends, they believe the stock has gotten ahead of itself.