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

To: LemonHead who wrote (1426)	12/18/2001 8:47:55 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95385

6:25PM Micron Tech (MU) 31.50 +0.80: -- Update -- Thinks bit growth will be flat in fiscal Q2... in terms of capacity utilization, says it is running about 30% at 0.18 micron, 65% at 0.15, and 5% at 0.13... did note that 0.13 is starting to run in almost every facility it has... separately, although terms of Toshiba deal are private, MU did concede that it does not expect deal to have a significant cash impact... call just concluded... MU -1.11 at 30.70 6:14PM Micron Tech (MU) 31.50 +0.80: -- Update -- On call, says DDR will account for 25-30% of its output in fiscal Q2 and is projecting it will be over 50% of output within a year... notes that DDR is forecasted to be 15% of total market in calendar Q1 but that MU production is pegged to lead the market by one quarter... MU -1.21 at 30.60 6:11PM Micron Tech (MU) 31.50 +0.80: -- Update -- On call, says average selling price for 128 Meg product was $1.40 in Q1; prices at end of quarter were below that average, but are now in high-$1.00 range pushing $2.00... believes industry inventory levels are probably running at 4-6 weeks, but would estimate that MU is at lower end of that range... MU -1.21 at 30.60 5:53PM Micron Tech (MU) 31.50 +0.80: -- Update -- Clarifies that its discussions with Hynix Semiconductor are still continuing despite Toshiba deal announced earlier today... separately, notes that inventory levels have come down in past three weeks as it has shipped more than it has produced... MU -1.42 at 30.39 5:46PM Micron Tech (MU) 31.50 +0.80: -- Update -- On call, says first half of quarter marked by sluggish demand and falling prices; in latter half of October, saw significant uptick in demand and commensurate increase in spot prices that has continued beyond November... wouldn't be surprised, though, to see demand taper off after what is normally a seasonally strong period... MU -1.66 at 30.15 5:41PM Motorola (MOT) 16.61 +0.34: -- Update -- On call, company says it picked up 4 pts of market share in 2001 and it expects to gain additional unit market share in 2002. Company's long term goal is for 25% market share. On Oct 31, Gartner Dataquest estimated MOT's Q3 global market share was 17%-18% vs 14.8% in Q2 and 13.2% in Q1....stock at 16.15. 5:29PM Motorola (MOT) 16.61 +0.34: -- Update -- On call, company provides some color but not much...By affirming guidance, it's not just cost cuts that will get Motorola to that number. Management is seeing "strong evidence of improved gross margins" in the handset business thanks in part to new product introductions...However, the broadband segment is seeing more weakness than expected due to a couple of customers...stock at 16.35. 5:04PM Micron Tech (MU) 31.50 +0.80 (+2.6%): -- Update -- Reports Q1 results of ($0.44), $0.05 worse than the consensus estimate; Q1 revenues came in at $423.9 mln versus the consensus estimate of $478.2 mln; the company finished Q1 with cash and liquid investments of approximately $1.7 bln. 4:40PM Motorola (MOT) 16.61 +0.34: -- Summary -- Although co is reaffirming guidance for Q4, MOT's outlook for Q1 is well below consensus. MOT is attempting to frame the expected Q1 shortfall as a case of analysts being too aggressive, rather than of co underperforming. For FY02, co believes it can achieve EPS consensus, albeit on a 5%-10% decline in sales. Co will be aided in reaching 2002 EPS consensus by another round of deep job cuts... MOT shares are trading at $16.55 in extended hours. 4:29PM Merix Corp (MERX) 16.60 -1.05 (-6.0%): Reports Q2 EPS of ($0.19), missing consensus est by a penny; sales came in at $18.8 mln, vs consensus of $18.5 mln. Company continues to have limited visibility, and guides down Q3 EPS to a range of ($0.25) to ($0.32), versus consensus est of (0.13), on sales of $16-$19 mln. 4:24PM Motorola (MOT) 16.61 +0.34: -- Update -- Co notes that it has not previously provided specific guidance for Q1 and FY02, and that the investment community independently arrived at a consensus for Q1 that does not reflect co's sequential seasonal sales pattern. 4:22PM Motorola (MOT) 16.61 +0.34: -- Update -- Motorola is confirming that it expects to be profitable in 2002 and believes that it can achieve the consensus expectation of 2002 annual earnings of $0.15 (Multex consensus $0.16). For Q1, co sees a loss of $0.11-$0.14 (consensus -$0.03). Co indicates it will experience a 14% sequential decline in revenue in Q1 (Wall Street had expected rev decline of approx. 4% in Q1). 4:16PM TriQuint Semi (TQNT) 14.10 -0.09 (-0.6%): Company guides lower for the next two qtrs: Dec qtr loss should come in at a range of ($0.01) to ($0.03), vs previous guidance and First Call consensus of a profit of $0.04; the March qtr should "be similar to the quarter ending December 31, 2001", vs First Call consensus of $0.03. 4:16PM Motorola (MOT) 16.61 +0.34: -- Update -- Co sees cost-cutting actions resulting in a further reduction of approx. 9,400 employees company-wide, expected to occur over the next twelve months. MOT expects to achieve cost savings of $865 mln in 2002 and approx. $1.1 bln on an annualized basis thereafter. 4:11PM Motorola (MOT) 16.61 +0.34: -- Update -- Co comments that Global Telecom Solutions and Broadband Communications segments were weaker than expected. (Could be perceived as a negative for BRCM, which is trading $0.45 lower in after-hours). 4:07PM FSI Intl (FSII) 9.03 -0.26: Company reports Q1 net loss of $0.18 per share, $0.01 worse than the consensus estimate; reports Q1 revenues of $42.6 mln versus the consensus estimate of $41.5 mln; sees Q2 revenues in the range of $38.0-$43.0 mln versus the current consensus estimate of $40.5 mln; company says net order level bottomed in fourth quarter fiscal 2001 and that shipments bottomed in the first quarter. 4:05PM Motorola (MOT) 16.61 +0.34: -- Update -- Co reaffirms Q4 guidance of a loss of $0.04-$0.05 (consensus $0.05); expects to achieve a level of profitability within the consensus expectation for 2002. 3:58PM Aware (AWRE) 6.75 +0.46 (+7.3%): Shares demonstrating late day strength; buy interest may be related to trading floor talk that Intel (INTC) is preparing to rollout its DSL chipsets; Intel is among AWRE's larger customers. 1:22PM Micron Tech (MU) 32.48 +1.78 (+5.8%): -- Update -- Salomon Smith Barney sees two positives behind Toshiba deal (see 7:29 comment): MU will acquire leading edge capacity at a fraction of the mkt cost, and Toshiba's exit from the DRAM mkt could result in taking offline some of the worldwide capacity by a few percentage points. 12:43AM Sector Watch: Semiconductor : -- Technical -- Notable activity in the semiconductor sector as the group has thus far held its 200-day simple moving average at 559. Currently trading at 566, the index has just lifted off its session low at 561. Continue to look for downside support at 559 on an intraday basis. To the upside, watch for very near-term resistance in the area of 575 followed by more substantial overhead at 590. 9:50AM NVIDIA Corp (NVDA) 67.28 -0.72 (-1.1%): Early weakness being blamed on Jefferies downgrades of Electronic Arts (ERTS -0.1%). In the comment, Jefferies raised concerns about the ability of Xbox to continue sales momentum at the retail level. However, hearing from at least one trading floor that short-sellers may be latching onto the Jefferies comment as an opportunity to talk down the stk. finance.yahoo.com Lots of falling a stocks after hours Keith. Our TQNT is one of the worst. Ouch! Waiting for an uptick to add. RtS