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.

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

To: Return to Sender who wrote (1461)	12/22/2001 12:37:41 PM
From: LTK007	Read Replies (1) \| Respond to of 95390

return to sender--watch that support line is all i can say---it would be a major negative if broken and could go to 4 if that event transpired.Max

To: Return to Sender who wrote (1461)	12/22/2001 12:47:11 PM
From: Return to Sender	Respond to of 95390

5:09PM Veeco Instruments (VECO) 30.68 +0.23: Company announces it has completed its private placement of $200 million aggregate principal amount of 4 1/8 % convertible subordinated notes due 2008. 4:20PM Solectron (SLR) 10.25 +0.44: -- Update -- Company announces that it priced a $1 bln offering of adjustable conversion-rate equity securities at a price of $25, with an interest rate of 7.25% and 18% conversion premium. 2:25PM Sector Watch: Semiconductor : -- Technical -- Highlighted the fact that this sector (SOX) and the semi HOLDRs (SMH) were nearing important support zones yesterday and in fact have seen solid recovery today. For SMH will need to see follow through beyond the 43/43.50 area to help neutralize this month's generally bearish bias. 12:30AM QLogic (QLGC) 45.19 +1.74 (+4%): -- Technical -- Aggressive early run stymied thus far by its 50 day simple ma (45.5). Now in the midday, pre-holiday lull but a continued limited correction below this level would be a reflection of very short term strength. Intraday support at 44.80 followed by 44.45. 11:27AM Celestica (CLS) 40.01 +1.32 (+3.4%): Banc of America intra-day says they believe that CLS is likely to soon announce it has won a sizeable deal worth about $500 mln from NEC of Japan; deal would open up new mkts, offer more visibility, further strengthen tech base, diversify its customer base, and keep co on track to meet operational forecasts; further says that Japanese electronics OEMs represent about 1/3 of the world's electronics cost of goods sold and they are starting to outsource mfg; B of A expects CY02 to be the first year that demonstrates this. 8:30AM Texas Instruments (TXN) 26.50: Sources saying Soundview is positive on TXN; firm believes co is doing better than Street expects, as field checks indicate qtr is on track. Although end mkts are still weak, inventory is getting worked down and should stabilize demand for components ahead of actual growth in those end mkts. 8:29AM Pericom Semi (PSEM) 13.43: Hearing from sources that SoundView Technology downgrades PSEM to BUY from Strong Buy; says its checks reveal intense pricing pressure on Logic chips which will reduce revenues for the quarter; current qtr revenue estimate cut to $12.1 mln from $12.9 mln, FY02 to $50.3 mln from $54.1 mln. 8:08AM Semi Equip Book/Bill : Last night's semi equipment book/bill rose slightly to 0.73 but bookings fell to a new low for the cycle; most brokerage firm comments on the data are similar, with these takeaways: ratio was close to expectations, bookings were weaker than expected and indicate the industry is not yet seeing a recovery, and this ratio is a lagging indicator. 6:55AM Cirrus Logic (CRUS) 11.35: Co reaffirms guidance for the DecQ; sees revenues "at or slightly above" the high end of guidance provided Oct 24 and loss per share at the "favorable end" of the range it provided. CRUS says the increased revenue is due to stronger than expected turns business. finance.yahoo.com