From Briefing.com: 9:56AM 50 Day-Alert -- Semiconductors Hldrs Trust (SMH) 38.02 +0.14: -- Technical -- The sector ETF edged above yesterday's high of 38.02 and probed resistance at its 50 day exp mov avg of 38.06 (session high 38.07) before pausing. The 50 day simple mov avg comes into play just above at 38.17.
9:51AM EMC Corp and Dell expand partnership (EMC) 11.05 +0.35: -- Update -- The co's today unveiled a new entry-level networked storage system and announced that Dell will offer backup and replication software from EMC's Legato Software division.
9:45AM Micron extends rally, nearing May high of 14.69 (MU) 14.60 +0.28: -- Technical -- Initial resistance thereafter, if a breach is seen, is at its 50 day exp mov avg at 14.76 followed by the April 28 gap bottom at 14.83 (session high 14.60).
9:18AM QLogic delivers SANS solutions with EMC for SMBs (QLGC) 26.76: Co announced that EMC has qualified the QLogic SAN blade QLA200 value line of host bus adapters as E-Lab Tested for the new EMC CLARiiON AX100 networked storage system targeting the Small and Medium Business market. EMC has also qualified the QLogic SANblade QLA2340 Series high performance Fibre Channel HBAs as E-Lab Tested with the CLARiiON AX100.
9:16AM Emulex teams with EMC to deliver storage solutions to SMBs (ELX) 18.70: Co announced that EMC has qualified the Emulex LP101 Fibre Channel HBA as E-Lab Tested for use with the new EMC CLARiiON AX100 networked storage system targeting small- to medium-sized business (SMB) customers.
9:00AM Microchip raises guidance for JunQ (MCHP) : Co announced that 1Q05 (Jun) revs and EPS05 are expected to exceed the upper end of prior guidance originally provided on 4/22. Co raises its Q1 revs expectation to $210-212 mln (previously $205-207 mln) and EPS to $0.26 (previously $0.25), Reuters consensus is $205 mln and $0.25, respectively. Co raises guidance based on strong available OEM backlog, strong sell-through in the distribution channel, and record bookings for the first two months of this quarter. Co states, "Led by our PIC Flash Microcontrollers, we are experiencing strong demand on all major product lines and in all geographies. We have seen record bookings in the first two months of the quarter. Based on current lead times, this quarter is nearly booked and we are seeing strong backlog starting to build for the next quarter".
7:52AM Motorola leads adoption of Push-To-Talk over cellular with wins and trails in Asia Pacific region (MOT) 19.91: Motorola today announced it has won 12 contracts with customers operating in 18 countries and territories worldwide to supply Push-To-Talk over Cellular (PoC) infrastructure solutions for both CDMA2000 1X and GSM/GPRS networks. Some of the prominent Asian telecom companies that have recently announced PoCcontracts or trials with Motorola include: Maxis Communications Berhad (Malaysia) and GUAMCELL Communications (Guam). "The response from carriers in Asia for the Motorola PoC solution has been tremendous, with engagements underway across the region."
7:41AM Praxair and Applied Materials announce service alliance to streamline customer operations (PX) 36.22: Applied Materials (AMAT). and Praxair Electronics, a division of Praxair, Inc., announced today a joint initiative to provide fab-wide Commodity Consumables Services (CCS) to semiconductor manufacturers worldwide. The Commodity Consumables Services, which will be marketed by Applied Materials, is aimed at streamlining the efficiency and lowering the cost of customer fab operations. It offers a one-stop shopping service for a wide range of generic commodity consumable items that are critical to the maintenance and operation of all wafer fabrication equipment.
7:35AM Therma-Wave started with an Overweight at ThinkEquity; tgt $7 (TWAV) 3.44: ThinkEquity initiates coverage of TWAV with an Overweight and $7 target; firm believes that the co has successfully reversed the steep slide in mkt share from CY00-02, and with questions of its survival out of the way, top-tier customers are starting to come back to what remains one of the best metrology technologies. Given their view that metrology spending per fab should more than double at 130nm node compared to 180nm, firm's CY05 EPS of $0.13 on $106 mln in revs could prove conservative.
7:29AM DELL's aggressive pricing on printers to hit HPQ where it hurts - Piper 35.33: Piper Jaffray notes that Dell has introduced four new printer products, all of which are aggressively priced vs Hewlett-Packard (HPQ). The firm estimates that Dell's two new monochrome laser printers are priced 50%-66% below comparable HPQ printers. The strategy is to hit Hewlett-Packard where it hurts, in its imaging and printing profit pools, thus reducing HP's ability to subsidize its PC businesses.
7:22AM TranSwitch enters into patent cross license agreement (TXCC) 1.62: Company announces a cross license agreement with Raza Microelectronics, Inc. and Paxonet Communications, Inc. in which each party will be able to utilize selected key patents of the other in the areas of SONET/SDH and ATM technologies. Parties have also agreed not to sue each other for patent infringements related to cross-licensed patents and certain others during course of agreement which is set to run until Dec. 9, 2008.
finance.yahoo.com
Jess, we have not yet seen the kind of volume necessary to generate a lasting rally but that could happen. On the plus side for the bulls the volume on the selling has petered out as well. In addition we have already generated a buy signal on the BPNDX and the put to call ratio remains abnormally high.
investorshub.com
investorshub.com
On the negative side of the equation the volatility indices took a huge nosedive yesterday which may be why we are seeing some selling today.
investorshub.com
The market can definitely rally further from here and historically there is evidence that it usually does during election years from May onward:
investorshub.com
We definitely have some mixed signals. It will be interesting to see how far this rally can go.
RtS |
