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

To: LTK007 who wrote (1443)	12/20/2001 10:40:41 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95420

It's not all doom and gloom in semiconductor land. Some companies like ICST are actually raising revenue projections: 6:15PM Semi Equip Book/Bill : The Semi Equipment and Materials Intl's semi equipment book/bill ratio rose to 0.73 in November from 0.72 in October, close to most market estimates. However, the actual level of bookings fell to $612.3 mln from $647.1 mln (shipments fell at a faster clip). This is a new low for the cycle and calls into question the assertion that the industry hit bottom in Q3. 5:03PM Integrated Circuit (ICST) 18.05 -0.35: Co raises DecQ revenue guidance; expects revenues to increase 5%-10% on a sequential basis, compared to previous guidance of a 5% revenue increase. Cash collections for the quarter have increased as days sales outstanding have declined substantially. 3:44PM Sector Watch: Comm IC : -- Technical -- Another tech group being hit with BRCM (-7.8%) inching below its 200 day simple ma (36.8). TXCC is probing its 50 day simple ma (4.3) which held for the most part over the last month. Short term need to see stabilization above these barriers to increase likelihood of at least a temporary corrective rally. 2:52PM IBM (IBM) 122.77 -1.12 (-0.9%): -- Technical -- A stock to keep an eye on over the shorter term as it has corrected very little while much of the rest of the market has been hit. At the same time technical indicators (stochasic/RSI) have diverged from prices (lower highs inidcator, higher highs price). Near term watching resistance at 123.50; failure to work back above this area bolsters the probability of further weakness. 2:40PM Jabil Circuit (JBL) 21.00 -3.75 (-15.2%): -- Update -- Thomas Weisel downgrades to BUY from Strong Buy, based on ongoing demand weakness and slower new program ramps. 12:30AM SSB on EMS group : Sources at Salomon Smith Barney telling us that investors should not be too optimistic about a quick recovery in EMS stocks, especially given JBL's and SLR's preannouncements; FLEX is best stock in the group and has a cheaper multiple than JBL. 12:20AM Infineon Tech (IFX) 20.01 -0.55 (-2.7%): Traders citing Reuters telling us that IFX CEO sees signs of a recovery in DRAM mkt, but he is still unclear whether this is a sustainable turnaround; says co is fully committed to memory mkt and believes co can lift DRAM mkt share to 15-20% in CY02; currently talking to 3 Taiwanese manufacturers about cooperation in memory, but he does not feel pressure to raise mkt share through joint ventures or to raise capital in the near-term. Not surprisingly, the tech sector, which has led the market's recovery from the Sept. 21 lows, endured the bulk of the selling pressure... Leading its losses were the semiconductor stocks... For the second straight day, in fact, the Philadelphia Semiconductor Index (i.e SOX) fell more than 5.0%... Today's drop left the SOX a smidgen below its 50-day simple moving average, which is sure to raise some eyebrows among technical traders... finance.yahoo.com stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] RtS