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

To: Johnny Canuck who wrote (32457)	5/24/2001 3:11:53 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70199

TriQuint Semi (TQNT) 24.81 -3.13: After the close, hearing that Triquint is warning in its mid-qtr conference call; Q2 reportedly seen at $0.03 EPS and $60-65 mln revenue vs consensus estimates of $0.11 and $71 mln... Triquint has previously agreed to acquire Sawtek (SAWS), which also warned this afternoon... TQNT trading down to 22.85 after hours... Earlier in the session, Merrill Lynch noted that its channel checks indicated that TQNT experienced push-outs and low bookings; believed these push-outs occurred over the last four weeks and were coming from most major customers; firm lowered FY01 est. to $0.35 from $0.43 and rev. forecast to $271 mln from $286 mln... Expected company to reduce revenue growth expectations for Q2 (from $70-$75 mln to $65 mln) - kudos to Merrill.