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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (35779)	1/8/2002 1:20:55 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67751

UBS Warburg on Semis : -- Before Open -- UBS Warburg issues their quarterly earnings preview; firm sees a significant divergence in end market growth rates, with PCs/servers and wireless handsets growing faster than spending for communications equipment. UBS believes stocks currently reflect the good news of fewer earnings surprises (upside is already priced into shares) and predicts earnings risk increases going into 2002 with backlog down, visibility limited, and a high probability of a lackluster Mar quarter. Firm recommends investors selectively pick semi stocks and raises their price target on Buy-rated INTC to $42 from $36. Compaq (CPQ) 11.56 -0.12: -- Before Open -- CE Unterberg Towbin upgrades to BUY from Neutral. Firm says CPQ's pre-announcement of at least a modest profit for Q4 pushes firm back into the Buy camp because there remains more than 20% upside if the merger with HWP does go through and, at this point, probably less than 10% downside as the company shows it can go it alone in 2002 if it must. Firm thinks the stock could see $14-$15 again this year if profit proves sustainable.