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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Return to Sender who wrote (3513)	6/13/2002 10:04:11 PM
From: Return to Sender	Read Replies (1) of 95616

4:41PM Genesis Microchip resumes trading (GNSS) 12.24 +0.34: -- Update -- GNSS -2.85 vs the 4 pm ET close to trade at 9.39. 4:09PM Genesis Microchip warns for Q1 (GNSS) 12.24 +0.34: Reduces its Q1 revenue outlook to $41-$43 mln from previous forecast of $60 mln (Multex consensus $58.51 mln). GNSS blames shortfall on a recent drop in orders, which co attributes to customers working off their inventories that were built up in anticipation of continued strong unit growth in the flat panel monitor market. Co believes that growth has collapsed due to sector-wide LCD panel manufacturing constraints; does not believe rev shortfall was due to greater-than-expected price declines for its products in the qtr. 3:58PM TriQuint Semi (TQNT) 7.30 +0.29: Salomon Smith Barney is more upbeat on TQNT's near-term prospects following a co visit; maintains their Neutral rating but adds that they believe the co is tracking largely on plan for the qtr; firm does not see any near-term surprises. Salomon notes mgmt suggested it has not seen any pickup in its satellite business; believes weakness in that business will be offset by strength in the wireless handset unit (co. mentioned business at NOK is holding up well) ... shares pop over 4% on note. 3:07PM Sanmina-SCI sees Q3 at the low end of guidance-- Reuters (SANM) 8.17 -0.26: Reuters is reporting that SANM sees Q3 rev and cash EPS at the low end of earlier guidance. (On April 18, the co said they expect Q3 EPS of $0.02-$0.04 and $2.4-$2.7 bln in revs.) 8:00AM Adaptec estimates, price target cut at Bear Stearns (ADPT) 9.21: Bear Stearns cuts estimates and price target due to continued soft demand as well as modestly lower iSCSI rev forecasts for FY03-04; cuts FY03 est to $0.30 from $0.33 and FY04 to $0.45 from $0.50 (both below consensus), and cuts price target range to $15-$17 from $17-$20. 7:55AM Charter Comm cut to Outperform at RBC (CHTR) 4.74: RBC Capital Markets downgrades to OUTPERFORM from Top Pick based on the increased mkt concern regarding players in the group with higher debt levels. CHTR has more than $17 bln in debt, resulting in a leverage ratio exceeding 8x 2002 EBITDA. Price target goes to $11 from $29. finance.yahoo.com

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