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To: Johnny Canuck who wrote (32764)	6/13/2001 3:40:52 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68650

RF Micro Device (RFMD) 25.80 -0.61: Trading floor sources telling us that, at the CIBC Communications Conference, RFMD reiterated Q2 guidance of 20% revenue growth even with the Nokia warning; remained cautious on gross margin improvement. Texas Instruments (TXN) 34.90 -1.91: Heard from sources at Lehman that analyst Dan Niles maintains cautious stance on TXN. Notes that TXN's bookings are still declining qtr/qtr, which combined with rapidly dwindling backlog makes Q3 revenues more likely to decline qtr/qtr vs. firm's forecasts of a 7% increase. Semi Equipment Industry Members KLA-Tencor (KLAC) 57.81 +0.95: Tucker Anthony Sutro downgrades to UNDERPERFORM from Market Perform due to valuation; says outlook is weakening -- cuts FY02 EPS by $0.36 to $1.02 and reduces price target to $41 from $44.

To: Johnny Canuck who wrote (32764)	6/13/2001 2:37:16 PM
From: Mick Mørmøny	Respond to of 68650

NEW YORK (Dow Jones)Storage company EMC Corp. (EMC) will continue to price its products aggressively during the current slowdown, Executive Chairman Michael Reuttgers said Wednesday. In the third quarter of last year, EMC said it would compete on price with select competitors, and Reuttgers said Wednesday the company continues to do so. The executive said that EMC's second quarter gross margin forecast won't change because of aggressive pricing. Company officials in April said they are confident the company can achieve revenue growth of 20% for 2001, and expect gross margins of between 53% and 56%. Addressing investors at the Bear Stearns & Co. 12th annual technology conference here, Reuttgers said hardware is not the most expensive part of information storage and that it only accounts for about 15% of the money spent on storage. He said that software integration and personnel is where the costs are. As for current market conditions, Reuttgers said a recovery in Europe is a quarter behind the U.S., and that Asia, based on anecdotal information, should have a good second half. The executive noted that EMC's fourth quarter should be strong across all its markets. Reuttgers declined to comment on the current quarter, but did note that EMC isn't seeing a "dramatic" improvement in information technology spending. EMC continues to see IT managers holding off certain projects and other projects taking longer to be approved, he said. EMC shares recently were up $1.39, or 4.4%, at $33.13 on volume of 5.9 million, compared with average daily volume of 20.5 million. By Donna Fuscaldo, Dow Jones Newswires; 2019385253 (END) DOW JONES NEWS 061301 11:23 AM