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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (55948)	11/20/2001 9:20:05 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

7:58AM CSFB on Semis : CSFB notes that in the last two semiconductor downturns that coincided with an economic downturn, the recovery ended up being more gradual; says that while the industry may be near bottom, the gradual slope of the recovery has not been factored into valuations. 8:00AM PRI Automation (PRIA) 18.46: Semi equipment maker reports Q4 (Sep) loss of $0.42 per share, $0.01 better than the Multex consensus of ($0.43); revenues fell 25.8% year/year to $59.1 mln vs the $60.0 mln consensus. For Q1, company sees rev of $46-$49 mln (consensus $58.2 mln). "We haven't seen any signs of an upturn, and clearly the full-scale transition to 300mm has been delayed. However, based on conversations with customers, we believe that the market may be bottoming out." 7:32AM Storage Sector : Lehman initiates the storage industry with a MKT PERFORM rating; initiates EMC, NTAP, BRCD, MCDT with MKT PERFORM; AKAM and STOR with BUYS. However cautious on the sector saying that growth expectations are unreasonably high (particularly SANs) and sequential rev growth should remain subdued until at least 2H02; profitability in systems probably won't rebound to former levels; current "fair" valuations remain well above norms of 1992-97 and don't reflect expectation of subdued near-term growth. 6:48AM Microsoft (MSFT) 66.54: WSJ reports that company is set to settle scores of private antitrust cases that allege MSFT used its market dominance to overcharge millions of computer buyers. Terms of the tentative agreement call for MSFT to provide software and PCs to over 14,000 low-income schools in the U.S. at an estimated cost of 1.1 bln. 6:24AM European Markets : FTSE -0.35%, DAX -0.51% -- European stocks mostly lower. Growth concerns fueled by the OECD's decision to cut its 2001 eurozone GDP forecast to 1.6% from 2.6%. Renewed earnings concerns also a negative. Some reprieve from the $2.89 bln merger between P&O Princess Cruises and Royal Caribbean Cruises. 6:23AM Asian Markets : Nikkei -1.42%, Hang Seng -1.18% -- Asian stocks lower. Nikkei down for the first time in five days. Shares of Nikon hit by profit concerns. Sony and other computer-related stocks also came under pressure. Telecom weighed on Hong Kong, while chipmakers dragged Taiwan down 2%. quote.yahoo.com AdvocateDevil