07:36 ET Semiconductor Downgrades : JP Morgan downgrades ALTR, XLNX, AMCC, PMCS and VTSS to MKT PERFORM from LT Buy. Firm's channel checks indicate that order flow remains weak for Comm IC companies, visibility is still poor, and revenue decline is likely in the foreseeable future... does not see stabilization in the inventory situation until Q2 of next yr at the earliest... firm sees downside risk in sector stocks of as much as 30%.
07:14 ET Lehman Cuts Semi Equips : Lehman Brothers lowering investment rating on AMAT, ASYT, ACLS, CYMI, KLAC, KLIC, LTXX, MKSI, NVLS, PRIA, TER, TWAV, VSEA, ZIGO, ADTK... says timing of a recovery continues to be pushed out... notes that two major semiconductor equipment companies have expressed the view that the industry may not recover until 2003...
08:34 ET Taiwan Semi (TSM) 10.90: CSFB downgraded TSM in the immediate aftermath of Sep 11, but is now reviewing its rating as it believes that NVIDIA (NVDA) may have doubled its wafer requirements to 30K from 15K for December; CSFB also believes that Intel (INTC) might have increased wafer orders.
Fred |
