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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (1339)	12/4/2001 9:43:36 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95367

Don, I also went long on TQNT this morning at 15.48. I like the ascending wedge on the SOX. Despite my desire to buy these stocks cheaper I think the time to do that may have already passed us by setting up the SOX for a breakout higher. finance.yahoo.com RtS

To: Donald Wennerstrom who wrote (1339)	12/7/2001 5:40:39 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95367

3:28PM The Week Ahead : (Mon) ANAD mid-qtr update; CD analyst day... (Tues) A analyst day; FOMC policy announcement; CMVT earnings... (Wed) JDSU investor day; NOK mid-qtr update... (Thur) ADBE, CIEN, ORCL report earnings... (Fri) CPI. 2:35PM Altera (ALTR) 25.16 -1.51 (-5.7%): Morgan Stanley downgrades to NEUTRAL from Outperform. Separately, firm raising price targets on SLAB to $50 from $30 and XLNX to $50 from $40. 2:34PM Edelstone Lowers Semi Weighting : Semiconductor stocks comes under pressure in reaction to sector downgrade by Morgan Stanley's Mark Edelstone to Mkt Weight from Overweight. 0:17AM Sector Watch: Semiconductor : -- Technical -- Semiconductor sector has bucked the trend thus far today but the outsized gains in AMD (+13.6%) has somewhat skewed the groups performance today. The only other stock in the group up over one percent is RMBS (2%). On the defensive are: TXN -1.7%, MOT -1.6%, LSI -1%, LSCC -1%, KLAC -0.7%. On a short term basis the index is merely drifting suggesting the pullback is corrective. Support at 580/577 continues to hold and the index remains in position for a run to new recovery highs. Next resistances are near 600 and 610/614. 9:33AM Intel (INTC) 34.28: SG Cowen cautious on INTC; firm does not see a big lift in global PC sales in Jan, believes conditions that currently favor INTC could easily fade in Mar qtr. 9:26AM CIBC on Comm IC Co's : CIBC downgrades AMCC, IDTI, PMCS to HOLD from Buy, due to deteriorating fundamentals and rich valuations. FON's cut in 02 capex and weakness in Europe and Japan may signal that future service provider capex will remain low. Firm expects PMCS and AMCC to enter Q1 with lower backlog coverage and higher dependence on turns, increasing the risk that they may disappoint sometime in 1H02. Recent runup in shares increases downside risk both from profit-taking and increasing likelihood of downward earnings revisions. 9:14AM National Semi (NSM) 34.66: Salomon Smith Barney upgrades to BUY from Outperform, and raises price target to $45 from $35. Co beat ests yesterday on strength in handsets and displays, and orders suggests that some of the strength has begun to broaden out to other products. Relative valuation below that of peers on a price/sales basis, which firm believes leaves further upside to the stock. finance.yahoo.com