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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32218)	5/10/2001 11:28:58 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68426

10:08 ET Goldman: Train Has Not Left Station : Commenting on this morning's call on semiconductor equipment stocks by Morgan Stanley, Goldman Sachs says that there is near-term downside risk as the bar has been raised for the group with comments by LRCX and NVLS that orders would tick up sequentially this qtr; thinks it as at least 50/50 that uptick doesn't occur and the stocks will react negatively... Sees upside over a 12-18 month period, but does not believe that the train has left the station; would not chase this move. 09:58 ET Semi False Start : CSFB does not agree with Morgan Stanley's call on semiconductor equipment stocks; does not believe that Capex levels support a turn in the business, citing data from both Asia and the US. CSFB says it would be a seller of the group into strength. 08:20 ET Solly on Semis : Salomon Smith Barney says evidence of a bottom in the equipment sector and up the foodchain is becoming apparent in the March-June timeframe. At the first day of the firm's Semiconductor Conference equipment companies reiterated guidance across-the-board. Thinks investors should use dips to establish positions. 07:55 ET Chip Equipment Companies : Hearing from sources at Morgan Stanley that firm is upgrading large-cap semiconductor capital equipment companies; firm said to raise AMAT, KLAC, ASML, LRCX, NVLS, TER to STRONG BUY from Outperform... Firm feels that train has left the station and recent pullback creates a buying opportunity; sees upside of 40% or more over next 12-18 months. 07:51 ET ECB Cuts a Quarter : European Central Bank lowers rate for refinancing bids by 25 basis points to 4.50% and marginal lending rate to 5.50% from 5.75%. US equity futures rally on the unexpected rate cuts... S&Ps now trading 12 pts above fair value, and Nasdaq futures are lock-limit up. 08:43 ET Nortel Networks (NT) 15.80: Wall St Journal article reports that some investors are beginning to worry about Nortel's dwindling cash position, which was down to $1.8 bln on March 31; article speculates that company will have to tap the capital markets for more cash.