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Technology Stocks : Semi Equipment Analysis

SOXX 285.23

-3.7%

Dec 17 4:00 PM EST

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To: advocatedevil who wrote (8970)	3/13/2003 9:00:06 AM
From: Return to Sender	Read Replies (1) of 95596

From Briefing.com: 08:31 ET Needham downgrades select semi equipment names Needham downgrades AMAT, NVLS, and KLAC to Hold from Buy, saying checks indicate that industry fundamentals may soften further, resulting in potentially flat to down orders for calendar Q2 and Q3. Firm also downgrades CYMI to Buy from Strong Buy following last night's announcement of lower than expected orders and margins. 7:08AM Gateway highlighted in WSJ article (GTW) 2.10: The Wall Street Journal has a "Heard on the Street" article on Gateway and its drop in stock price to its current levels. The article emphasizes the significance of the co trading at two thirds its cash on the balance sheet totaling $1.07 bln. Gateway's stance is described as optimistic given its recent memo sent to employees, which sees "better days ahead". While some money managers interviewed believe the co will continue to face an uphill battle for growth given its competitors, the article also highlights investors seeing a "turnaround" ahead. Money managers believe its current restructuring plan and robust cash on the balance sheet gives the co. "breathing room" and the possibility of more upside. 6:42AM Koninklijke Philips to cut semiconductor division (PHG) 14.26: The Wall Street Journal reports Philips Electronics intends to cut 1,600 jobs from its semiconductor group in the U.S. and Europe. In addition, the co will be closing factories in San Antonio and Albuquerque due to overcapacity and lackluster demand for its chips. finance.yahoo.com finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+CYMI+GTW+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+PHG+TER+TXN+XLNX+^IXIC+^SPX+^NDX+^VIX+^VXN+^STI.N+SMH&d=t RtS

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