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 (32588)	6/1/2001 12:47:18 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70658

Dow 10904.07 -7.87 (-0.07%) Nasdaq 2131.57 +21.08 (+1.00%) S&P 500 1255.25 -0.57 (-0.05%) 10-Yr Bond 5.337% -0.076 NYSE Volume 451,632,000 Nasdaq Volume 716,386,000 Gap open on COMPX at 2131 from close of 2110. Followed by sell down to test 2100 and a quick re-bound. *************** Market Outlook Advancing Technology By:Adam Martin Ater a topsy turvy morning, stocks have settled somwhat at midday. The Nasdaq is in the green after better than expected unemployment data released this morning and word from Novellus that they are not reducing second quarter guidance, a good sign for tech stocks that took a beating on Wednesday. Blue chips, meanwhile are well into negative territory, already giving back gains made in yesterday's session. The unemployment data was a pleasant surprise, but analysts warn it may not be cause for celebration as it's not what they would describe as dramatic. Now that the market has absorbed the jobless numbers, there's a shortage of economic data and no expected word from the Fed until the meeting later this month. The traders in today's action are stewing in a general sense of pessimism as economists expect unemployment to increase next month, and earnings to be released are not expected to be dazzling. As a result, thus far today has been low volume, unenthusiastic session. RETAIL 8 +0.7% Edit Delete Compare SOFTWARE1 14 +1.2% Edit Delete Compare DSL 6 +0.8% Edit Delete Compare DWDM 21 +0.9% Edit Delete Compare Financials1 7 -0.2% Edit Delete Compare Carriers1 6 -1.1% Edit Delete Compare Telecom Construction1 5 +0.0% Edit Delete Compare networkers1 6 -0.1% Edit Delete Compare Contract Manufacturers 5 +0.3% Edit Delete Compare Telecom Equipment 18 +1.2% Edit Delete Compare Tier 2, D-WDM 17 +1.2% Edit Delete Compare Broadband Cable 1 8 +1.4% Edit Delete Compare DOW 10 -0.5% Edit Delete Compare XML 15 -0.4% Edit Delete Compare Internet Security 20 -0.1% Edit Delete Compare Supercoductors 5 -0.6% Edit Delete Compare Bull Sector-optical 84 +0.1% Edit Delete Compare Satellite Stocks1 3 -0.2% Edit Delete Compare Strong Stocks March 16 Correction 22 +0.7% Edit Delete Compare Biotechs 9 +2.6% Edit Delete Compare CHIP EQUIPMENT 13 +2.2% Edit Delete Compare CHIPS1 22 +1.3% Edit Delete Compare Clint's Financials 40 -0.8% Edit Delete Compare MEMS 2 +1.3% Edit Delete Compare April 11 strong stocks1 16 +1.8% Edit Delete Compare Day Traders 12 +0.4% Edit Delete Compare Genomics 9 +2.7% Edit Delete Compare Incubators 8 +1.0% Edit Delete Compare Internet Sector 14 +0.2% Edit Delete Compare Flat Panel Displays 4 +2.3% Edit Delete Compare E-Gaming stocks 7 +1.1% Edit Delete Compare Stocks pulling back on below avg vol 42 +0.5% Edit Delete Compare Bottoming List 10 +0.9% Edit Delete Compare Clint's Strong Stocks Sept Selloff 23 +1.1% Edit Delete Compare Drug Stocks 15 +0.9% Edit Delete Compare RTS Biotechs 13 +1.6% Edit Delete Compare Gigabit 35 +0.8% Edit Delete Compare Dec 1 Rev. Leaders 37 +1.8% Edit Delete Compare Mata Market World 83 +0.9% Edit Delete Compare Telecom Software 4 +4.2% Edit Delete Compare Oil Drilers - Deep Water 6 -0.5% Edit Delete Compare Symbol Price Change Volume Bid/Ask Day Range ADCT 7.58 -0.10 (-1.30%) 4,509,700 7.57 - 7.58 7.35 - 7.86 ADTN 26.04 0.59 (+2.32%) 87,700 25.91 - 26.14 25.32 - 26.20 AFCI 18.40 -0.12 (-0.65%) 310,100 18.39 - 18.40 17.97 - 18.99 ALA L 25.50 0.23 (+0.91%) 849,100 24.42 - 25.53 AMAT 50.51 0.58 (+1.16%) 9,885,500 50.54 - 50.55 49.32 - 51.73 AMCC 18.51 0.44 (+2.43%) 5,511,900 18.51 - 18.52 18.12 - 19.40 ANAD 18.95 -0.45 (-2.32%) 149,300 18.95 - 19.10 18.70 - 19.55 ANDW 17.52 0.30 (+1.74%) 242,000 17.52 - 17.54 16.91 - 17.64 ANN 35.17 1.05 (+3.08%) 313,900 34.60 - 35.70 AOL 52.72 0.53 (+1.02%) 4,779,600 52.02 - 53.00 APAT 9.40 -0.40 (-4.08%) 7,100 9.29 - 9.75 9.28 - 9.80 ASYS 9.97 -0.03 (-0.30%) 28,400 9.95 - 9.97 9.90 - 10.50 AVCI 10.24 0.11 (+1.09%) 822,900 10.20 - 10.24 10.13 - 10.69 AVNX 12.80 -0.22 (-1.69%) 847,900 12.77 - 12.80 12.50 - 13.30 AXP 41.76 -0.36 (-0.85%) 1,680,500 41.50 - 42.34 BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12 BKHM 6.18 0.15 (+2.49%) 59,000 6.07 - 6.21 6.01 - 6.25 BRCD 39.73 0.73 (+1.87%) 6,011,300 39.72 - 39.73 39.05 - 41.55 BRCM 34.18 0.92 (+2.77%) 4,986,700 34.17 - 34.18 33.20 - 35.68 CIEN 53.51 -0.64 (-1.18%) 8,061,600 53.51 - 53.52 52.75 - 55.69 CMGI 4.29 0.09 (+2.14%) 1,682,100 4.28 - 4.29 4.02 - 4.50 CMTN 3.96 0.22 (+5.88%) 552,000 3.96 - 3.99 3.70 - 4.00 CNXT 8.60 0.12 (+1.42%) 1,023,300 8.52 - 8.60 8.20 - 8.80 COVD 1.39 0.00 (+0.00%) 1.40 - 1.42 CPWR 10.93 -0.10 (-0.91%) 1,433,700 10.92 - 10.94 10.77 - 11.15 CS 19.29 -0.12 (-0.62%) 710,600 19.25 - 19.70 CSCO 19.08 -0.18 (-0.93%) 38,448,800 19.07 - 19.08 18.85 - 20.00 CYMI 30.00 1.23 (+4.28%) 73,000 30.00 - 30.01 28.80 - 30.03 DIS 31.28 -0.34 (-1.08%) 1,326,000 31.25 - 31.70 DITC 7.94 -0.11 (-1.37%) 408,800 7.93 - 7.99 7.78 - 8.15 EXDS 8.03 0.10 (+1.26%) 3,283,000 8.01 - 8.03 7.70 - 8.10 EXTR 29.00 -0.60 (-2.03%) 3,245,200 28.99 - 29.00 28.62 - 31.50 FDRY 17.94 0.39 (+2.22%) 1,035,100 17.94 - 17.97 17.43 - 18.55 FDX 40.25 0.25 (+0.62%) 447,000 39.73 - 40.30 FFIV 11.46 0.23 (+2.05%) 137,600 11.46 - 11.50 11.00 - 11.65 GE 49.17 0.17 (+0.35%) 7,183,000 48.00 - 49.24 GLM 25.52 -0.13 (-0.51%) 696,500 25.16 - 25.80 GLW 19.18 0.26 (+1.37%) 3,473,100 18.74 - 19.86 GPS 31.20 0.20 (+0.65%) 1,039,300 30.00 - 31.31 HEII 8.71 0.13 (+1.52%) 28,600 8.70 - 8.71 8.55 - 8.80 HIFN 17.54 -0.67 (-3.68%) 47,900 17.56 - 17.80 17.32 - 18.75 IBI 15.12 -0.02 (-0.13%) 104,300 15.02 - 15.14 INKT 10.09 0.09 (+0.90%) 2,268,100 10.08 - 10.12 9.80 - 10.75 INTC 28.62 1.61 (+5.96%) 30,836,300 28.59 - 28.60 27.19 - 28.65 IOM L 2.66 -0.05 (-1.85%) 539,600 2.53 - 2.78 ITWO 20.30 0.22 (+1.10%) 5,775,200 20.27 - 20.30 19.80 - 21.19 JBL 28.72 -0.66 (-2.25%) 1,067,000 28.08 - 29.95 JDSU 17.02 0.31 (+1.86%) 11,670,700 17.02 - 17.03 16.62 - 17.45 JNJ 97.79 0.84 (+0.87%) 2,184,300 96.60 - 97.90 JNPR 43.22 0.69 (+1.62%) 14,689,900 43.25 - 43.26 42.15 - 45.29 KOPN 9.82 0.35 (+3.70%) 400,300 9.80 - 9.83 9.56 - 10.19 LU 7.82 -0.06 (-0.76%) 10,157,200 7.68 - 7.88 MCDT 31.86 1.06 (+3.44%) 546,800 31.75 - 31.86 30.65 - 33.09 MER 64.40 -0.57 (-0.88%) 1,925,400 64.20 - 65.60 MERQ 60.95 1.71 (+2.89%) 2,139,100 60.90 - 61.04 58.42 - 62.18 MONI 9.82 -0.65 (-6.21%) 84,200 9.80 - 9.82 9.64 - 10.00 MOT 14.35 -0.35 (-2.38%) 3,546,200 14.21 - 14.70 MRVC 10.01 0.30 (+3.09%) 891,100 10.01 - 10.05 9.80 - 10.60 MRVL 25.12 0.45 (+1.82%) 654,500 25.02 - 25.10 24.20 - 25.75 MSFT 70.28 1.10 (+1.59%) 15,649,800 70.27 - 70.28 68.70 - 70.30 MTZ 16.05 -0.02 (-0.12%) 39,900 16.03 - 16.15 MWD 64.29 -0.72 (-1.11%) 2,212,500 63.90 - 65.70 NE 42.35 -0.35 (-0.82%) 611,800 42.13 - 42.90 NEWP 32.63 0.40 (+1.24%) 1,070,900 32.62 - 32.64 31.70 - 34.75 NT 13.27 -0.06 (-0.45%) 3,863,000 13.10 - 13.49 NUFO 10.08 0.09 (+0.90%) 1,478,700 10.05 - 10.08 9.80 - 10.49 NVLS 49.91 2.01 (+4.20%) 6,851,600 49.92 - 49.93 47.90 - 50.50 ONIS 32.92 1.88 (+6.06%) 2,143,000 32.82 - 32.92 31.70 - 33.75 OPWV 40.19 1.86 (+4.85%) 3,331,800 40.15 - 40.19 37.54 - 40.30 PHTN 31.96 0.44 (+1.40%) 22,200 31.76 - 31.98 31.13 - 32.00 PMCS 32.33 1.03 (+3.29%) 3,039,800 32.33 - 32.34 30.71 - 32.92 PSFT 41.46 1.11 (+2.75%) 2,583,500 41.39 - 41.45 39.25 - 41.80 Q 36.00 -0.74 (-2.01%) 1,391,600 35.64 - 37.00 QCOM 61.53 0.79 (+1.30%) 3,987,600 61.50 - 61.51 59.99 - 62.50 RFMD L 26.45 0.37 (+1.42%) 3,652,000 26.46 - 26.48 2.51 - 26.96 RIG 53.36 -0.09 (-0.17%) 735,100 52.76 - 53.80 RMBS 10.90 -0.10 (-0.91%) 1,249,200 10.89 - 10.90 10.67 - 11.35 RNWK 10.81 -0.20 (-1.82%) 725,200 10.81 - 10.84 10.62 - 11.23 SCH 18.66 -0.14 (-0.74%) 1,156,000 18.35 - 18.98 SCMR 11.35 1.22 (+12.04%) 5,187,700 11.36 - 11.38 10.40 - 11.50** SDC 36.60 -0.28 (-0.76%) 118,400 36.00 - 37.00 SEBL 45.80 0.44 (+0.97%) 5,937,300 45.80 - 45.84 43.49 - 46.99 SHOO 16.17 0.05 (+0.31%) 47,600 16.07 - 16.18 16.06 - 16.40 SONS 27.08 1.32 (+5.12%) 1,782,800 27.00 - 27.05 26.50 - 27.76 SUNW 16.32 -0.15 (-0.91%) 14,731,900 16.31 - 16.32 16.18 - 16.73 SVGI 34.76 0.00 (+0.00%) 34.51 - 34.85 TDW 46.68 -0.23 (-0.49%) 209,400 46.05 - 47.20 TER 41.15 1.30 (+3.26%) 1,167,600 39.86 - 41.66 TLAB 34.40 0.39 (+1.15%) 2,507,900 34.36 - 34.40 33.55 - 35.25 TQNT 18.31 0.67 (+3.80%) 1,344,500 18.32 - 18.34 17.57 - 18.56 TXCC 13.65 1.05 (+8.33%) 814,900 13.60 - 13.65 12.99 - 13.66 UTEK 19.23 0.57 (+3.05%) 67,400 19.22 - 19.24 18.70 - 19.24 VERT 2.05 -0.13 (-5.96%) 383,700 2.05 - 2.07 2.02 - 2.17 VTSS 24.97 0.26 (+1.05%) 2,637,300 25.04 - 25.05 23.95 - 25.80 WIND 22.73 0.21 (+0.93%) 129,200 22.70 - 22.73 22.58 - 22.87 YHOO 18.43 0.32 (+1.77%) 2,637,400 18.42 - 18.43 17.90 - 18.80

To: Johnny Canuck who wrote (32588)	6/1/2001 3:45:02 PM
From: The Ox	Read Replies (1) \| Respond to of 70658

slb.com Semiconductors & Testing News: Archived Story Taiwan Memory Makers See Signs May 30 (AisaWise Full Data Feed) - Ever since the DRAM market began sinking in Q3 last year, pundits forecast an end to bad times on a monthly basis. Their key argument: demand for memory chips would return as excess inventory was burned off -- but they were wrong. Demand continued to plummet, and with it, the market price for 64-Megabit (MB) and 128-MB DRAM memory chips. But as memory chip prices continue to break record lows, DRAM stocks are beginning to look attractive. Savvy investors know the second quarter is the worst for computer sales, and low DRAM prices will rise "in the third quarter as PC sales pick up in July and August on back-to-school demand," says Calvin Chang, semiconductor analyst for JP Morgan Chase, in Taipei. The price of 128-MB industry standard DRAM plunged below $3 on the Asian DRAM Spot Market last Friday, and ended the day there for the first time. According to the DRAM Exchange Web site, the price of 128-MB DRAM traded in the $2.70 and $2.91 range per unit, while 64-MB DRAM also dropped to a new record low, trading at around $1.49 per unit. Since most makers in Taiwan cover their costs on 128-MB DRAM at about $4.50 per chip, and with 64-MB chips at $3.00, all of them are operating at a loss. Total losses could run to a tune of 1 billion New Taiwan dollars ($298 million), collectively this quarter, according to JP Morgan Chase. Taiwan's memory chipmakers, which accounted for 11% of world demand last year, migrated en masse to 128-MB DRAM in an attempt to escape the low prices of their main product, 64-MB chips last year. According to Mosel Vitelic Inc. vice president Thomas Chang, once companies gained experience with 128-MB chips, yield increased and flooded the market again -- lowering prices on 128-MB chips. "The rate of memory price decline is running faster than the rate DRAM makers can come down in cost," says JP Morgan Chase's Chang. And the stocks of Taiwanese DRAM makers have been feeling the pain. Share prices for most memory chipmakers here began to rally early last week on belief their woes would soon end. Friday's DRAM market report changed that. Winbond Electronics Corp., Mosel Vitelic, ProMOS Technologies Inc., Nanya Technology, Powerchip and Vanguard all gave back their early gains and then some, but analysts say the carnage should not continue. All of the firms are at or near their lows this year. Winbond, long considered one of Taiwan's top DRAM makers due to its technology-sharing partnerships with Toshiba and other top Japanese firms, was up 11% last week until the DRAM spot price began to go. The company's stock has already sunk to NT$29.8 yesterday, back to where it started its ascent. At least one company, ProMOS, a joint venture between Mosel Vitelic and Siemens chip spin-off Infineon, is taking the downturn as an opportunity to expand into new manufacturing processes. The firm will be among the first Taiwanese DRAM makers to use manufacturing technology smaller than 0.17-micron. ProMOS pushed the opening date of its 12-inch wafer fab back two months to December of this year, and said volume runs using the smaller 0.14 micron process will begin in the first quarter of 2002. The new fab will produce 128-MB and 256-MB DRAM. Long-term technology plans are not helping ProMOS in the short term, however, as its financial situation deteriorated along with the DRAM market. The company began lowering profit forecasts last December, for 2000, and hasn't looked back since. Recent estimates are all bearish. The company hit hardest by investors here has been Nanya. A new contract with IBM earlier this year appeared to give the company a boost. With the U.S. technology giant as a contract partner and technology transfer agent, how could Nanya go wrong? A first-quarter loss of $50 million left investors very cold, and they vented by dumping Nanya stock. The firm's share price began the year at NT$19 per share. After flirting with NT$40 in late March, it headed straight back down, finishing yesterday at NT$23.20 per share. In the near term, Taiwan manufacturers hope for Hynix Electronics' quick death. Formerly Hyundai Electronics, the giant Korean DRAM maker appeared to be gasping its last before last minute credit guarantees from the South Korean government put the company back on life support. If the company does go, DRAM chips would flood the market initially as creditors sold off assets, but over time, prices would stabilize. DRAM memory chips are used in nearly every kind of electronic device, but over 50% of all chips produced go into personal computers. With Taiwanese motherboard makers predicting a 10-15% drop in month-on-month sales due to sluggish computer demand, the likelihood of a DRAM rise in the second quarter is not in the cards. As share prices of these memory chipmakers fall to new lows, however, it would be wise to remember the third quarter is right around the corner.