From Briefing.com: CMOS Credence denies reports of NPTest negotiations (8.81) Co denies published reports that it is negotiating with Schlumberger (SLB),Francisco Partners and Shah Management to acquire NPTest. Credence also stated that it has no intention to enter into negotiations to acquire NPTest or its assets.
Prudential starts Cymer and ASM with Hold ratings Prudential initiates coverage of CYMI (target $36) and ASML (target $9) with Hold ratings, saying the lithography sector could underperform in the near-term due to significant reuse of the installed base of 248nm scanners until there is capacity expansion by new fab projects.
Semi Equips seen outperforming over next two weeks Goldman Sachs believes that Semiconductor Equipment stocks could outperform over the next two weeks as the market anticipates/reacts to what firm expect to be an upbeat Semicon West trade show that begins July 14th.
7:26AM Cirrus Logic appoints new CFO, sees Q1 revs at low end (CRUS) 4.62: Co announces resignation of Steven D. Overly, Chief Financial Officer and General Counselfor, for personal reasons, and appoints W. Kirk Patterson as acting CFO. Co also says it expects Q1 revs to come in at the low end of previous revenue guidance.
7:25AM Alcatel wins order to deliver 1 mln broadband DSL lines in China (ALA) 9.00:
7:09AM ATI mentioned favorably in Barron's article (ATYT) 10.40: Barron's article discusses the market for graphics chips, which is currently dominated by ATYT and NVDA. Despite ATYT moving firmly ahead of NVDA, an analyst in the article points to the trading disparity between the two companies with NVDA trading at 55 times forward 2004 earnings of 43 cents a share and ATYT trading at 13 times the analyst expectations of 80 cents a share for FY04 ending in August. Despite concerns over the introduction of the more inexpensive integrated graphics chipset vs its "discrete" graphics chips, the analyst believes the co ATI can make a profit of $10 on a $30 chipset. In addition, the analyst also believes ATYT has surpassed NVDA for MSFT's choice for its graphics in the XBox2.
6:32AM European Summary : European markets showing solid gains after a flattish session on Friday. Metals companies finding bid after Alcan (AL), the world's second-biggest aluminum producer, offered to buy Pechiney, the fourth-biggest. Infineon Technologies AG (IFX), Europe's second-largest semiconductor company posting strong gains after J.P. Morgan Chase & Co. raised its fair value estimate for the stock. Ahold (AHO) down after the Dutch public prosecutor kicked off a criminal investigation into possible falsification of accounts... UK +1.08%, France +2.5%, Germany +2.2%.
finance.yahoo.com
What stock would you buy at today's prices as a long term buy and hold?
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