09:02 ET Morgan's 23 Names : Morgan Stanley lists 23 tech stocks to own if the market rallies: AOL, ACN, ARM, BRCM, BRCD, CSCO, DPMI, FMKT, GETY, JBL, JNPR, MERQ, NVDA, ORCL, QCOM, RSTN, TSG, SEBL, SLAB, STT, VRSN, VIGN, YHOO.
11:36 ET QUALCOMM (QCOM) 40.00 -2 (-4.7%): -- Update -- Technical -- After pushing to its lowest level in two years on strong volume, QCOM has attempted to recover. The turnaround has been limited with initial resistance still holding firm. Without breach and stabilization above this first area (40.20/40.50) it will remain vulnerable to a near term retest of the lows. Secondary barriers that need to fall to improve the short term negative bias are at 41.25 and 42.92. Next support is near 38.
08:02 ET Enterasys (ETS) 6.16: UBS Warburg reiterates BUY rating while reducing target to $9 from $10; says channel checks beginning to indicate that three weeks after the terrorist attack, ETS is beginning to see a pickup in the enterprise activities across several major verticals and geographies.
07:42 ET Morgan Cuts Semi Capex : Morgan Stanley cuts semi industry capex forecasts to -35% in 2001 and a decline of 5-10% in 2002; still sees trough soon but expects a slower recovery following Sep 11 attacks. Cuts price targets on many semi equipment names, here's a sample: AMAT 70 to 40, KLIC 22 to 15, KLAC 70 to 45, LRCX 40 to 25, NVLS 70 to 40, TER 50 to 30, VSEA 70 to 35, KLIC 22 to 15. |
