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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

Nov 28 4:00 PM EST

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To: michael97123 who wrote (5880)	10/7/2002 9:06:04 AM
From: Return to Sender	Read Replies (2) of 95487

From Briefing.com: 8:29AM Broadcom cut to Hold at Pru; price target $9 (BRCM) 10.11: Prudential downgrades its Communications Semiconductor rating to MKT UNDERPERFORM from Mkt Outperform. On an individual basis, firm cuts BRCM, TUNE, CY, LSI, EMKR to HOLD from BUY. For BRCM, cuts 2003 est to $0.05 from $0.15 and lowers price target to $9 from $20 (based on 2.5x price/sales). 8:02AM ASML Holding cut to Sell at UBS on valuation (ASML) 6.00: UBS Warburg downgrades to SELL from Hold on view that concerns over debt repayment and uncertainty over 300 mm/SPE demands are likely to be the main drivers of the share price in coming months. Notes that ASML remains 25% above past trough on EV/sales (1.4x, Sept 1997). 7:49AM Oracle expects European recovery in late 2003, sees tough conditions near-term (ORCL) 8.20: Traders citing Bloomberg are telling us that ORCL said in Seville that the co expects a recovery in European sales in 2H03 after a rebound in the US; on the other hand, the Financial Times reports that ORCL CFO Jeff Henley says he cannot see the tech sector getting any better in the short term as corporate scandal and economic uncertainty continue to undermine any signs of a recovery. 7:47AM Intel sees PC market improving in early 2003 (INTC) 13.72: Traders citing Bloomberg are telling us that INTC CEO Craig Barrett told a tech conference in Seville yesterday that he expects a recovery in the PC industry in early 2003, after an improvement in the economy. In addition, Barrett said he doesn't expect to see much of a recovery in the communications mkt until the end of 2003 or 2004. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+ASML+BRCM+CY+EMKR+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+ORCL+TER+TUNE+TXN+XLNX+^VIX+^IXIC&d=t

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