Monday Apr 10 2006 10:36:07 EDT
Ridgeland, MS, APR 10, 2006 (EventX/Knobias.com via COMTEX) --
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<<Semiconductors:
--- Merrill is optimistic for June quarter guidance believing ASYT, KLAC, MKSI, NVLS, ENTG, KLIC, WFR & TSRA could top Q2 EPS estimates. However, MER is selective on the industry.
+ MXIM, CY: Merrill expects upside surprises from these names.
(-) MRVL, AGR: Merrill sees EPS risk in these names.
(-) CREE: CIBC cut Cree to Sec Perform from OP on transfer of coverage.
(-) ATYT: ATI Tech was cut to Mkt Perf from OP on valuatoin at CSFB.
--- Lehman prefers wireless chipmakers ahead of Q1 earnings. QCOM, TXN, ALTR are Lehman favorites.
(-) Semiconuctor Capital Equipment: UBS cut AMAT, KLAC, LRCX & VSEA to Neutral from Buy. The firm anticipates a dip in Q3 equipment orders.
AMD/INTC: Intel ran a story suggesting the competitive balance in the chip war between Intel and AMD should shift back to Intel later this year. The story quoted a Deutsche Bank analyst who had a Buy on Intel and a Sell on AMD. Intel has four times the R&D budget of AMD, and plans second half 2006 chip rollouts that use an improved energy saving microarchitechture. In the near term AMD is likely to gain additional market share due to design win momentum at AMD.
--- INTC/AMD: Lehman would stay on the sidelines with INTC and sees limited upside for AMD.
--- AMD/SPSN: AMD and flash chip maker Spansion will report quarterly earning after the market closes on Wednesday (4/12).
TSM/UMC: Taiwan Semi reported March sales jumped 12.9% from Feb, and 53.9% from last year. TSM shares fell 1% in Asian trading. The Multex March quarter sales growth estimate is 30.1%. United Microelectronics Corporation (UMC) reported 20.7% Y/Y sales growth in March. The Multex March quarter rev growth estimate for UMC is +19.2%. UMC bought back 43 million common shares on the open market on April 7. In less than 2 months, UMC bought back a total of 940.01 milion shares.
SLAB: Jury Finds That Axiom Microdevices Misappropriated Silicon Laboratories' Trade Secrets
Comm Tech: Piper Jaffray put out a bullish note on the VoIP industry. The firm saw recent acceleration VoIP deployments, a positive demand signal. The firm noted impressive subscriber growth at TWTC, CVC, Charter, Comcast, Rogers, Shaw, and Videotron. iLocus reported SONS enjoyed the leading US VoIP market share with 113.7B minutes carried. In the local category UTSI led with 75.3B VoIP minutes carried.>> |
