From Briefing.com: 07:32 ET INTC Intel estimates cut at JP Morgan (32.99) JP Morgan cuts estimates for Q2 and 2002, believing that the qtr will be more sluggish than previously anticipated due to aggressive price cuts, channel inventory, and channel confusion about competing chipsets, motherboards, and DRAM types; lowers Q2 rev/EPS ests to $6.43 bln/$0.11 from $6.88 bln/$0.14 and lowers FY02 to $28.2 bln/$0.60 from $29.3 bln/$0.69; both lowered ests are below consensus.
07:19 ET Bernstein sees optical trough in summer, possible growth in Q4
Bernstein initiates coverage of the optical space with an overweight rating, and initiates JDSU and AGR.A with OUTPERFORM ratings and GLW with MKT PERFORM; analysis suggests a trough of carrier long haul expansion capex this summer, and the resulting photonics rev bottom in Q2 could be followed by an acceleration of sequential growth in Q4. Firm is cautiously optimistic on long term growth, particularly for photonics as it should suffer less price erosion than the semi's. Also, firm initiates semi co's LSI with OUTPERFORM rating, and ALTR and XLNX as MKT PERFORM.
17:35 ET CREE Cree lowers Q3 guidance (16.25 -1.60)
Company warns that Q3 (Mar) EPS will be breakeven (consensus $0.07); company is targeting Q3 revs of $32-34 mln (consensus $38.6 mln); citing product delays at the company's UltraRF business, as well as lower short-term LED demand.
16:35 ET MCHP Microchip reaffirms guidance (40.43 -1.50)
Reports that data from Jan and Feb indicate that the co is tracking towards the upper end of its earlier guidance of net sales for the current quarter of approx. $145 mln (consensus $144.12 mln). Co reaffirms its guidance on EPS at the upper end of the range, or roughly $0.18 (consensus $0.18). "Our current backlog looks better than it has in more than a year, although we will still require substantial turns orders in the next quarter."
7:52AM Solly cautious on PCs : Salomon Smith Barney is cautious on PC enterprise demand for the following reasons: 1) there has been no pick-up in demand for enterprise PCs, 2) Q1 should decline by the same amount that Q4 rose, and 3) Q2 PC shipments look to be down 3-5% (the Street is expecting a 1-2% decline); firm prefers AAPL and IBM over hardware names SUNW and DELL.
7:02AM NVIDIA's nForce selected by Compaq (NVDA) 54.59: Announces that Compaq Computer has selected the NVIDIA nForce platform to power select models in its new line of Presario 6000 and Presario 8000 Internet Desktop PCs.
finance.yahoo.com^SOXX+^IXIC&d=t
RtS |
