Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	6/6/2001 7:38:37 PM
From: allen menglin chen	Read Replies (1) of 6873

AFTER THE CLOSE ****** BRCM, AEOS, AMD ... Advanced Micro (AMD) 28.37 -0.53: Company's COO reiterates previous expectations that AMD will achieve modest revenue growth in 2001 (current Multex consensus $4.72 bln); expects AMD will gain market share in its two principal product lines, PC processors and flash memory products; also sees increasing reason to believe that the personal computer market is stabilizing and will return to normal in the fourth quarter of this year. Broadcom (BRCM) 35.57 -1.99: -- Update -- Warning clearly doesn't come as a shock to market (Goldman Sachs and Weisel partners made cautious comments about the qtr on Monday); comm IC stocks not getting hit that hard as a result (changes vs 4 pm close): BRCM -1.2, PMCS -0.2, VTSS unch, AMCC -0.25. Broadcom (BRCM) 35.57 -1.99: Company warns for Q2; sees revenues falling 32-35% sequentially, or roughly a $207-216 mln range vs the current Multex consensus of $241 mln. CEO says that while demand remains soft; they are seeing some signs of stabilization in the business for the second half of the year. Conference call tomorrow morning at 8:45 ET. Stratos Lightwave (STLW) 12.78 +0.50: Reports Q4 net of breakeven, in line with the First Call consensus of $0.00, vs year-ago earnings of $0.02; revenues rose 27.9% to $29.94 mln from a year-ago of $23.40 mln. Company expects net sales for Q1 to be consistent with Q4 sales (vs estimate of $27.96 mln) and expects a sales increase of approximately 20% for FY02. Net income is expected to be in the range of 8-10% of net sales in FY02. American Eagle (AEOS) 38.50 +0.22: Company reports May same store sales increased 0.2%. Hewlett-Packard (HWP) 28.71 -1.34: In afternoon note, UBS Warburg comments on HWP's meeting with analysts today; says HWP management is seeing further global deterioration in May and expanded global slowdown; Asia Pacific and Latin America regions now seen weakening as well; sales outlook is more cautious then recent given guidance of flat to 5% yr/yr decline; management said that they will be taking more expense actions; as a result, firm will likely reduce Q3 (July) EPS estimate of $0.21 a share. Chiron (CHIR) 53.01 -2.27: Stock trading down to 51.05 after hours; Briefing.com is hearing trading floor talk that a convertible note offering is in the works.

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