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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

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Jan 9 4:00 PM EST

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To: Johnny Canuck who wrote (40407)	12/2/2003 12:40:04 PM
From: Johnny Canuck	Read Replies (1) of 69661

Chartered Semi raises Q4 targets By Chris Kraeuter, CBS.MarketWatch.com Last Update: 5:53 PM ET Dec. 1, 2003 SAN FRANCISCO (CBS.MW) - Chartered Semiconductor boosted its fourth-quarter financial targets late Monday, citing increased demand from its communications chip customers. EARNINGSWATCH iVillage gains after reiterating Q4 outlook French, German stocks lower, Vivendi posts profit Huffy shares tank; co. warns of surprise Q4 loss Vivendi swings to Q3 profit Free! Sign up here to receive our Internet Daily e-Newsletter! TRACK THESE TOPICS My Portfolio Alerts Company: Chartered Semiconductor Mfg Add Create Get Breaking News sent directly to your inbox Create A Portfolio \| Create An Alert The foundry now expects a loss of 18 cents a share and revenue of $178 million compared with previous targets for a loss of 20 cents a share and revenue of $171 million. Analysts had expected a loss of 19 cents a share and revenue of $170 million, on average, according to Reuters Research. Chartered's U.S.-traded shares (CHRT: news, chart, profile) ended Monday up 2.6 percent at $9.75. Chartered is a Singapore-based company that makes semiconductors for other chip companies; its stock is traded on the Nasdaq and the Singapore exchanges. Chartered held steady its expectations for average selling prices, attributing its improved loss due to increased demand. Overall factory utilization is expected at 69 percent compared with an earlier projection for utilization of 66 percent. "Compared to the third quarter, we are seeing healthy growth in each of our market sectors and in both advanced and mature technologies," said Chartered CFO George Thomas, according to a statement. The fourth quarter ends this month and actual results will be announced Jan. 30. Chris Kraeuter is a reporter for CBS.MarketWatch

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