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.

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

To: Johnny Canuck who wrote (35845)	1/8/2002 1:21:27 PM
From: Johnny Canuck	Respond to of 67754

CSFB on Lodging : -- Before Open -- CSFB downgrades Marriott Intl (MAR) and Hilton Hotels (HLT) to HOLD from Buy to reflect the view that (1) the shares of MAR and HLT offer more limited appreciation potential in the wake of their dramatic recent rallies; (2) the stocks now trade at reasonably generous valuations; and (3) they now discount improved profit growth expectations and enjoy more limited opportunity for multiple expansion. While rating changes reflect a more tempered outlook for the lodging sector's stock price performance prospects, firm continues to believe that investors need to retain a market weighting in hotel stocks and participate in the lodging industry's cyclical recovery potential. Firm retains buy ratings on Starwood Hotels (HOT) and Host Marriott (HMT).

To: Johnny Canuck who wrote (35845)	1/8/2002 5:24:26 PM
From: Return to Sender	Read Replies (1) \| Respond to of 67754

From Briefing.com: 4:44PM Intel (INTC) 34.57 -0.70 (-2.0%): -- Update -- SG Cowen after the close raises FY01 ests to $0.51 from $0.48 and FY02 to $0.64 from $0.58; sees upside mostly in Q4 and Q1. Firm attributes the est hikes to seasonal strength spurred by aggressive P4 pricing, but refers to stock as "strangely overpriced" at 55x 2002 earnings. 2:08PM ChipPAC (CHPC) 8.61 +0.01 (+0.1%): Company updates guidance; says it sees Q4 revenues of about $76.6 mln versus the current consensus estimate of $76.1 mln; expects to post Q4 net loss of $0.22 per share versus the current consensus estimate for a net loss of $0.23 per share; small test and packager company is viewed by some as a good barometer for PCs. 12:17AM Intel (INTC) 35.53 +0.26 (+0.7%): -- Technical -- Has held in relatively well through the swings in the Nasdaq. Currently trading in a tight intraday trading range with downside support at 35.50 and upside resistance at 35.75. It's currently on the upswing from support at 35.50. If it should break outside that range, look for additional support just over 35.00 and subsequent overhead in the range of 36.00/36.20. 11:40AM Sanmina-SCI (SANM) 23.21 +1.12 (+5.1%): CSFB reiterates its Strong Buy rating in reaction to news out this morning of a 3-yr, $5 bln supply agreement with IBM. As part of the deal, SANM will acquire certain assets including IBM's NetVista desktop operations in the U.S. Although the purchase price was not provided, mgmt expects total cash outlay of less than $200 mln. CSFB sees deal accretive to CY02 earnings by $0.04 to $0.05. 10:01AM Altera (ALTR) 25.39 +1.49 (+6.2%): -- Technical -- Stock leading this morning's turnaround in the semiconductor sector (issued current quarter revenue guidance in line with consensus last night). Now eyeing resistance at the Jan high of 25.62. If penetrated, short term secondary resistances are at 25.90 and 26.14. The Dec recovery high is at 27.59. Posture will remain favorable short term while support at 24.85/24.64 remains intact. 9:26AM NVIDIA Corp (NVDA) 67.75: Announces that with Apple's introduction of the new iMac with GeForce2 MX, NVIDIA graphics are now standard across all Macintosh desktop platforms. "In one short year NVIDIA has become the top-to-bottom provider of GPUs for the Macintosh desktop platform." 9:16AM IBM (IBM) 124.05: -- Update -- Sources telling us that Soundview is positive on IBM, as checks suggest that qtr met expectations; mainframes, Unix services, storage, and software were strong, while microelectronics, hard disk drives, and PCs remain weak; firm believes that much of IBM's success continues to come from share gains. Strength in dollar over yen will create some rev pressures in Q1, and firm expects the co will comment that Q1 rev ests are on the high side. Maintains Strong Buy rating and $140 price target 8:56AM Cirrus Logic (CRUS) 14.01: Announces that Motorola Broadband has named the company a wireless technology provider for its new EVr-8401 Enhanced TV Viewer finance.yahoo.com^SOXX&d=t