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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: michael97123 who wrote (5943)	10/8/2002 8:29:18 PM
From: Return to Sender	Read Replies (1) of 95530

>Why chips and cisco down today? For instance amat went down more today than yesterday. I didnt see any specific news for any of this. Why so out of favor after making multi year lows?< The following was in my prior post Mike. It points out how powerful analysts still are even though none of us trust them. From Briefing.com: 9:21AM Applied Materials: Q4 revs could come in lighter than expected - Lehman (AMAT) 10.87: Lehman says they could envision a scenario where Q4 revenues could come in lighter than expected due to order pushouts and cancellations; if this proves to be the case, firm would expect AMAT to preannounce rather than post weaker than expected results on its Nov 13 conference call; says shares still look expensive at a price-to-sales multiple of 3.8x, a healthy premium to the overall sector. 8:37AM Cisco Systems estimates cut at Bear Stearns (CSCO) 9.08: Bear Stearns cuts FY03-04 ests below consensus for CSCO based on the belief that business is likely tracking below plan on the top-line across all major geographies, and that there is a chance that the miss could be much larger than the Street is estimating; cuts FY03 rev/EPS ests to $18.3 bln/$0.52 from $20.2 bln/$0.56 and FY04 to $20.5 bln/$0.56 from $22.9 bln/$0.61 (both well below consensus).

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