Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 330.35

+0.5%

4:00 PM EST

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To: Return to Sender who wrote (8675)	2/19/2003 9:10:17 AM
From: Return to Sender	Read Replies (1) of 95707

From Briefing.com: 8:33AM CSFB upgrades Wireless Equipment sector : CSFB raises their rating on the Wireless Equipment sector to Mkt Weight from Underweight based on their belief that trading opportunities exist in the next 3-6 months; more positive near-term view is based on their view that sentiment has shifted to too negative, and valuations look attractive for several of the names; sees most upside in NOK and UTSI, and to a lesser extent QCOM. 8:20AM Motorola sees handset prices falling (MOT) 8.26: Reuters reports that the head of MOT's handset division said that he sees another $4-5 of price erosion on average for handset prices, citing a new level of low-end phones; the comments were made at the 3GSM show in France. 7:54AM Semi Equip book-to-bill ratio falls to 0.92 : The semiconductor capital equipment book-to-bill ratio for January came in at 0.92. This represents a decline from December's b-to-b ratio of 0.94. Morgan Stanley's industry analyst's previous estimates were in the range of 0.93-0.98 for this indicator. The analyst believes this announcement to be a "non-event" despite missing his forecasts for January. 7:52AM Micron reduces workforce by 10% (MU) 7.17: 7:48AM Nokia cut to Mkt Perform from Outperform at Wachovia (NOK) 14.26: Based on firm's most recent Global Handset Sentiment Index, Wachovia is concerned that demand for replacement handsets could be weaker than expected over the next qtr. Leads firm to reduce its Q1 est to Eur 0.18 from Eur 0.20. Lowers 2003 view to Eur 0.88 from Eur 0.91. Firm does not expect shares to advance much until there is a rebound in replacement handset demand particularly in Europe. 7:47AM Agilent results may cause further volatility - Lehman (A) 12.70: Lehman thinks that A's Q1 results on Friday could cause further turbulence in the shares, as the co may not announce the kind of aggressive near-term cost reductions that would encourage investors to buy the shares on the basis of operating leverage; firm believes that there is not a high degree of certainty around the co's revised guidance, and that cash burn rate will be substantial. 7:47AM Anadigics upped to Mkt Perform from Underperform at Wachovia (ANAD) 1.95: Firm expects ANAD to trade in the $1.90-$2.10 range based on its est of $2.00 in net cash per share at yr-end 2003. 7:42AM Dell Computer initiated as In-Line at Goldman (DELL) 26.49: Goldman Sachs initiates coverage with an In-Line rating, saying in the near-term DELL's premium valuation "does not appear to leave enough on the table" given both geopolitical overhangs and a slower seasonal period for both PCs and the tech mkt in general. 7:21AM Semi stocks upgraded by Morgan Stanley: INTC, XLNX, TXN : Morgan Stanley raises its view on the Semiconductor group to Attractive from In-Line on view that the reward to risk parameters have become more attractive during the last few months. Firm expects the universe of semiconductor stocks to outperform the overall market during the next 12-18 months. Upgrades INTC, TXN, and XLNX to OVERWEIGHT from Equal-weight. finance.yahoo.com^SOXX+A+ALTR+AMAT+AMD+ANAD+BRCM+DELL+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NOK+NSM+NVLS+QCOM+TER+TXN+UTSI+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+SMH&d=t RtS

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