Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Henry Niman who wrote (110772)	9/22/2000 9:19:50 AM
From: michael97123	Respond to of 186894

I posted this on amat as well. A couple of positives for the folks with guts who will be buying today and all indirectly relate to intc news. 1. Euro being defended with US help--falling euro probably cost intc the big projected numbers 2. Gore urging the reserves be tapped will at least temper the speculation in oil prices and perhaps knock oil back down to 30--again european demand and intc. (Clinton probably will release a token amount next week) Bush missed a golden political opportunity yesterday. 3. BTB ratio--the future is bright 4. October to April bullish tech period days away I am tapped out but looking to switch some postions. Stocks that are unaffected by chip/pc business a place to start. And my Amat history says buy in at half the old high--i guess around 60. INTC news seems to me in retrospect to be the end of the Bear caused by High interest rates, oil shock, and euro. Good Luck all!

To: Henry Niman who wrote (110772)	9/22/2000 9:20:26 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 186894

Look everyone, PLEASE don't panic. Look at this as another buying opportunity. We've seen this before. Dorine UPDATE 1-Don't panic on Intel say Euro tech firms, analysts UPDATE 1-Don't panic on Intel say Euro tech firms, analysts (Updates throughout) By Lucas van Grinsven, European technology correspondent LONDON, Sept 22 (Reuters) - European technology shares were hammered on Friday after microchip giant Intel blamed weak European demand for a cut in its third-quarter revenue forecast, but companies and analysts said they saw no slowdown in PC sales. "We don't see a reversal in PC sales," said semiconductor analyst Nicolas Gaudois at Morgan Stanley Dean Witter. Market research group IDC said preliminary data showed that PC unit sales in Western Europe would grow by some 14.5 percent in the third quarter, a big improvement over the respective 8.1 percent and 7.2 percent growth rates seen in the first and second quarters. "The fourth quarter is going to be strong also, with 19 percent growth," said IDC industry analyst Andy Brown. Most of that growth would come from consumers who want faster PCs to play digital video disc (dvd) games and benefit from high speed Internet access. BUSINESSES SLOW TO BUY NEW COMPUTERS But corporate demand remained slack as companies saw few incentives to invest in new computers after the upgrades ahead of the millennium change. "We're getting slightly conflicting signals," Brown said. "There is some uncertainty whether the business market is picking up." This was underpinned by Asian-European computer maker Fujitsu Siemens <6702.T> which told Reuters on Friday that consumer demand was growing strongly, while it did not expect the corporate market to strengthen in the fourth quarter. Siemens was down 5.6 percent at 149.84 euros at 1145 GMT. However, Dell Computer Corp. remained bullish. The world's number two PC maker, which was off more than 10 percent in U.S. after hours trading at $33-11/16, said it was still expecting a recovery in European corporate demand for its computers. Compaq Europe , a unit of the world's largestPC maker, was not immediately available for comment. IBM Europe would not comment ahead of its third quarter results announcement next month. EUROPEAN SEMICONDUCTORS COMPANIES HIT Worries over PC demand also hit the European semiconductor industry, although most of them focus on making chips for consumer products such as cars, mobile phones and CD-players, rather than computers. ST Microelectronics, the French-Italian semiconductor maker which fell 5.4 percent to 57.70 euros, was not immediately available to comment, but analysts say only 20 percent of its business is related to the PC industry for which it makes hard disk drive semiconductors. Philips Semiconductors, a unit of Netherlands-based Philips Electronics whose shares lost seven percent to 48 euros, said it was not exposed to PC sales. "We're not in memory chips, so whatever Intel is saying, has little impact on us," a spokeswoman said. Even Europe's largest computer memory chip (DRAM) maker Infineon , down 6.7 percent at 54.60 euros, would hardly feel the impact of a few slow summer weeks in the way Intel did. As a mark of its confidence Morgan Stanley raised its 2000 earnings forecast for Infineon by 4 pct on Thursday. Recent weakness in DRAM prices on the world spot markets was the result of inventory selling, not slowing demand, it added. Siemens, the parent company of the German DRAM maker said on Friday its unit was in "excellent" condition. Infineon's Chief Executive Ulrich Schumacher reiterated that fourth quarter profits were expected to be higher than in the third quarter. NORDIC MOBILE Intel's announcement, saying it sees third quarter sales rising only between three and five percent, also dragged down tech companies which are entirely unrelated to the PC industry. Nordic mobile phone companies Nokia and Ericsson and French telecoms infrastructure to handsets maker Alcatel , all shed between three and five percent of their stock market value. Investment bank Dresdner Kleinwort Benson on Thursday warned that handset suppliers were heading for modest 20 percent year-on-year revenue growth in the fourth quarter, after having enjoyed growth in excess of 30 percent. But Philips Semiconductors, which is one of the major suppliers to the mobile phone industry, said there were no signs of weakening. "Demand continues to be strong," its spokeswoman said. MORE Rtr 08:37 09-22-00