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  • Hot Stocks to Buy on Wednesday || SIMG | REGN | BRCM | MIPS |

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    Tuesday Apr. 26, 2011, 10:01 pm EST
    Stocks in Focus Wednesday -  SIMG, REGN, BRCM, MIPS
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    SIMG - Silicon Image, Inc. (NASDAQ:SIMG)
    Silicon Image, Inc. (NASDAQ:SIMG) announced that for the second quarter of 2011, it expects revenue of $51-$53 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $50 million for the second quarter of 2011. Shares are up in extended training.

    REGN- Regeneron Pharmaceuticals, Inc.(NASDAQ:REGN)
    Shares of Regeneron Pharmaceuticals(NASDAQ:REGN) jumped in after hour trading after the company and partner Sanofi-aventis reported positive results in a late-stage clinical trial of Zaltrap, a proposed treatment for metastatic colorectal cancer.

    BRCM- Broadcom Corporation (NASDAQ:BRCM)
    Broadcom Corp. (NASDAQ:BRCM) reported net income of $228 million, or 40 cents a share, for the three months ended in March, on revenue of $1.82 billion compared to a profit of $220 million, or 40 cents a share, on revenue of $1.46 billion last year. Broadcom said that it expects revenue of $1.75 billion to $1.85 billion for the June-ending quarter. That projection falls short of the average analysts' view for revenue of $1.9 billion in the period.

    MIPS- MIPS Technologies, Inc.(NASDAQ:MIPS)
    MIPS reported earnings of $0.09 a share, at the low end of the company’s guidance; revenues were $1 million short of the company’s guidance. MIPS also lowered its full fiscal-year sales outlook to between $85 and $86 million from between $85 and $88 million. Shares dropped in extended hours.

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    Be Rich.

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