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: Clint E. who wrote (33869)	8/29/2001 3:48:56 PM
From: Johnny Canuck	Respond to of 69928

STLW reports after the close. It should give us a look at CSCO demand on the optical side of the business. CSCO is the largest customer. Lots of other market moving mid-quarter updates coming up. 15:22 ET Mid-Qtr Updates : Sun Micro (SUNW -3%) and HNC Software (HNCS -0.8%) host Mid-Quarter update calls this evening. Novellus (NVLS -4.7%) and Rambus (RMBS -2.7%) will hold similar calls after the close tomorrow. See Briefing.com's Events Calendar for times and access information.

To: Clint E. who wrote (33869)	8/29/2001 11:38:16 PM
From: Clint E.	Respond to of 69928

Wireless Chip Stocks Seen Leading Recovery, if One Ever Happens By Diane Hess Staff Reporter 08/29/2001 05:47 PM EDT Wall Street analysts have made a living miscalling the bottom in semiconductor sales this year. Now they're saying it'll be wireless chipmakers that lead the way to recovery, if one ever happens. Lehman Brothers initiated coverage of several wireless chipmakers this morning with market perform ratings. Among them were RF Micro Devices (RFMD:Nasdaq - news - commentary), Triquint Semiconductor (TQNT:Nasdaq - news - commentary), Anadigics (ANAD:Nasdaq - news - commentary), and Alpha Industries (AHAA:Nasdaq - news - commentary). The market perform label is a lukewarm endorsement, and the analysts said that while there are signs of inventory improvement and reordering in the sector, the stocks are fairly valued. "The handset end market entered the inventory correction first, and we believe it will be the first to exit the inventory correction," said Dan Niles and Joseph To in the Lehman Brothers' research note. A few trends have encouraged analysts: RF Micro Devices said earlier this month that it expects to make a profit again this year. On Aug. 22, Triquint said it saw signs that mobile-telephone orders would pick up a bit by year-end. Texas Instruments (TXN:NYSE - news - commentary) repeated that sentiment yesterday. Wireless chipmakers provide backbone technology for cellular-equipment manufacturers, such as Motorola (MOT:NYSE - news - commentary), Nokia (NOK:NYSE ADR - news - commentary), and Ericsson (ERICY:Nasdaq ADR - news - commentary). Industry experts are currently projecting total handset sales of $430 million for 2002, up from about $390 in 2001. "While wireless semiconductor orders appear to be rebounding now that the supply chain is returning to more reasonable inventory levels, we believe it is unclear whether this is just a seasonal phenomenon -- inventory replenishment -- or a sign of a pickup in demand," said To, in an interview with TheStreet.com. "That won't be clear until December or January." Other than Anadigics, which rose 48 cents to $15.46, each of the stocks fell today, alongside the Nasdaq, which lost 21.8 points, or 1.17%, to 1,843.1. RF Micro declined $2.35, or 8.64%, to $24.85, Triquint decreased 76 cents, or 3.32%, to $22.10, and Alpha Industries dropped $1.84, or 5.41%, to $32.16. Elsewhere in the industry, microprocessor manufacturer Advanced Micro Devices (AMD:NYSE - news - commentary) said this afternoon that it expects to post a third-quarter loss. The company predicts revenues will fall 15% from the previous quarter. But the company said it believes PC processor unit sales in the current quarter will remain at or near the record level of the second quarter, when AMD sold 7.8 million units. As demand for personal computers has slowed in the current economic downturn, AMD has been in the middle of a price war with rival Intel (INTC:Nasdaq - news - commentary) for market share. AMD slipped 66 cents, or 4.44%, to $14.20 today, while Intel lost 41 cents, or 1.44%, to $28.10. The Philadephia Stock Exchange Semiconductor Index fell 3.3%.