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To: Johnny Canuck who wrote (32766)	6/13/2001 10:19:01 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68652

09:55 ET Sector Watch: Drillers : Impressive advance in the oilfield drilling/services sector in reaction to API data that showed the largest decline in U.S. inventories in 2 1/2 yrs. Crude supplies fell 13.2 mln barrels. Stocks on the move include NBR (+4.5%), GLM (+4.5%), ESV (+4%), CAM (+4%). 09:43 ET Taiwan Earthquake : Trading floors buzzing about an earthquake in Taiwan of 6.3 magnitude that supposedly has not caused any damage to chip foundries; we have no confirmation of this news. Trading Points 10:10 ET WebEx (WEBX) 19.51 +1.01 (+5.5%): SAP selects company's communications platform to power real-time communications for mySAP product lifecycle management. 10:03 ET Inet Techs (INTI) 8.39 +0.39 (+4.9%): Company awarded multi-million dollar contract from UK mobile telecom company BT Cellnet Ltd. 09:55 ET Sector Watch: Drillers : Impressive advance in the oilfield drilling/services sector in reaction to API data that showed the largest decline in U.S. inventories in 2 1/2 yrs. Crude supplies fell 13.2 mln barrels. Stocks on the move include NBR (+4.5%), GLM (+4.5%), ESV (+4%), CAM (+4%). 09:48 ET Kraft Foods (KFT) 31.60 +0.60: -- Update -- IPO opens for trading; advances 2% from $31 offering price. 09:43 ET Taiwan Earthquake : Trading floors buzzing about an earthquake in Taiwan of 6.3 magnitude that supposedly has not caused any damage to chip foundries; we have no confirmation of this news. 09:36 ET Transmeta (TMTA) 14.19 +0.54 (+4%): Gaps up following Reuters report that company's co-founder and vice chairman Dave Ditzel is reiterating view that Q2 revenues will be near or slightly higher than Q1 level. According to Reuters, company also stating that its lead is widening over Intel in technology for low-power chips used in ultralight notebook computers. 09:35 ET ChipPAC (CHPC) 8.45 +0.55: Semiconductor packaging company guides Q2 revenues higher to flat to down 10% from prior guidance of a 5-10% decline; says that turns business is improving and it is seeing positive signs that the computing sector has worked through inventory issues; news also helping Amkor (AMKR 22.90 +0.30). 09:30 ET Novogen Limited (NVGN) 7.00 +1.25 (+21.8%): Presents preliminary evidence that company's anti-cancer drug, phenoxodiol, inhibits an enzyme that has been shown to promote many solid cancers. Inhibition of the enzyme blocks many of the activities of the cancer cell including its ability to survive and proliferate. 09:22 ET Bausch & Lomb (BOL) 45.00: Warns that Q2 revenues will fall short of planned levels and that EPS be significantly lower than its previous guidance of $0.55-$0.57 per share... Warning anticipated by investors following reports that BOL had pulled out of the Goldman Sachs Healthcare Conference; stock lost 3.66 pts. 09:15 ET XO Comms (XOXO) 2.87: Pacific Crest initiates coverage with a Buy rating, calling company an outstanding value play. With the scaling back in operations in April, signs show that performance is turning around. Firm confident that XOXO's goal of cash flow profitability in Q2 of 2002 will be reached. Notes that company funded through the 1st-half of 2003... XOXO shares trading up 5.5% in pre-market 08:05 ET Integrated Device (IDTI) 34.56: Communications IC company to slash its worldwide workforce by approx. 18% or 900 employees, primarily in overseas manufacturing facilities 07:52 ET Brocade Comms (BRCD) 47.17: Banc of America Sec. comments on company after attending its 2001 user conference; says tone was upbeat and management commented they were comfortable with analyst expectations; calls BRCD a core holding for next-generation technology infrastructure investors. 10:12 ET Cisco Systems (CSCO) 19.93 -0.44: -- Update -- Cisco presented at the CIBC conference this morning; trading floor sources at CIBC telling Briefing.com that Cisco was still cautious; has seen the best growth in edge routers rather than core; international markets do not look great and near-term outlook remains cloudy. 07:14 ET Openwave (OPWV) 33.70: ABN AMRO downgrades to ADD from Buy due to concerns about subscriber growth, revenue diversification and valuation. Believes that OPWV's customers will have modest subscriber growth for the balance of the yr, with reduction in the subscriber growth rate constraining the upside potential of the stock. Price target reduced to $40 from $45. 09:07 ET JDS Uniphase (JDSU) 15.11: So much for sugar-coating the news: Wit SoundView says that "business stinks, our numbers are too high, and it's time to get them down." Firm reduces FY02 revenue estimate to $2.73 bln from $3.53 bln and EPS to $0.18 from $0.38. Wit also makes cautious comments about Corning (GLW 18.08); says proprietary checks suggest that the bottom for the Photonics division has not been found, and FY01 and FY02 estimates are at risk.