More from Briefing.com: 9:38AM Needham upgrades Anadigics, cuts Indus Int'l : In addition to their positive comments on the PLD co's (9:31), Needham upgrades ANAD to STRONG BUY from Hold based on their impressive execution regarding their technology transition to HBT PA modules, penetration and rapid market-share gains in the CDMA space with leading customers, manufacturing efficiencies, and valuation. Also, firm downgrades IINT to HOLD from Buy after the co preannounced.
9:31AM Needham positive on programmable logic co's, upgrades Actel, Xilinx : Needham in a pre-open note says that the PLD industry is in the initial stages of its most significant transformation: from programmable logic to programmable systems, and believes that with stock prices well off their highs and with extremely strong balance sheets, the PLD vendors represent exceptional investment opportunities; upgrades ACTL to Strong Buy from Buy and upgrades XLNX to Buy from Hold, and reiterates Strong Buys on ALTR and LSCC.
8:50AM Bernstein expects rebound in wireless group, positive on Nokia : Bernstein says that the results of their wireless survey gives them a high degree of confidence in a rebound in the replacement cycle, and sees solid demand and pricing in 2H02 into 2003; maintains Mkt Outperform rating on NOK, saying current mkt share of 36% should rise to 40% by Q4 and 2003, and expects steady margins and above-consensus EPS.
8:21AM PMC-Sierra estimates cut at Pru (PMCS) 8.75: Prudential believes that expectations for quarterly double-digit sequential growth in 2H02 may be too aggressive given the continued uncertainty in the timing and slope of recovery; cuts FY02 est to ($0.29) from ($0.27) and FY03 to $0.05 from $0.10 (both well below consensus), and cuts price target to $11 from $20.
8:15AM Qualcomm downgraded to Mkt Perform at Hambrecht-- estimates too high (QCOM) 26.43: WR Hambrecht downgrades to MKT PERFORM from Buy on view that FY03 consensus estimates are too high. Though QCOM preannounced a strong Q3, firm believes excess 1X chipset inventory could dampen Q4 chipset shipments.
finance.yahoo.com^SOXX+^IXIC+^VIX&d=t
I shot the sheriff but I did not shoot the semiconductor equipment group.
The VIX is climbing again.
RtS |
