Economic Calendar

Friday, August 29, 2008

Mosaid Technologies, Tundra Semiconductor: Canada Stock Preview

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By John Kipphoff

Aug. 29 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close.

The Standard & Poor's/TSX Composite Index added 1.6 percent to 13,750.48.

Mosaid Technologies Inc. (MSD CN): The Ottawa-based semiconductor designer forecast fiscal second-quarter 2009 profit in the range of 29 cents to 33 cents a share before one- time items, 26 percent less than estimated by four analysts in a Bloomberg survey. The shares rose 1.7 percent to C$15.85.

Tundra Semiconductor Corp. (TUN CN): The company, another Ottawa-based Canadian semiconductor maker, forecast 38 percent less adjusted second-quarter per-share profit than analysts in a Bloomberg poll. The shares added 0.3 percent to C$3.70.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.


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