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Strategies & Market Trends : Technical analysis for shorts & longs

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Feb 2 4:00 PM EST

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To: Johnny Canuck who wrote (37068)	5/20/2002 11:37:05 PM
From: Johnny Canuck	Read Replies (1) of 70379

12:02PM National Semi ups fiscal Q4 revenue outlook (NSM) by Julie Rannazzisi National Semiconductor (NSM) was a standout among the components of the Philly Semiconductor Index ($SOX), rising 1.7 percent amid a general slump in other chip stocks. National Semi upped its fiscal fourth-quarter revenue outlook, with expectations for sales to increase by 12 to 13 percent sequentially as overall orders came in at a better-than-projected rate. 8:25AM Charming Shoppes beats in Q1; raises outlook (CHRS) by Michael Baron Charming Shoppes (CHRS) is reporting first-quarter earnings of $16.3 million, or 14 cents a share, topping Wall Street's consensus estimate for a profit of 9 cents a share. Sales at the Bensalem, Pa., women's plus-size apparel retailer jumped 60 percent in the latest three months to $630.6 million. Same-store sales fell 1 percent in the quarter. Looking ahead, the company boosted earnings projections for the second quarter and fiscal 2003. In addition, Charming Shoppes plans to raise $130 million through a private offering of senior convertible notes. The stock closed Friday at $8.30, up 0.4 percent.

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