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To: Kirk © who wrote (1570)	1/9/2002 1:51:05 PM
From: Return to Sender	Respond to of 95616

12:57AM Applied Materials (AMAT) 47.74 +1.96 (+4.3%): Stock is hovering near the day's highs on this morning's news that SMIC (largest Chinese fab) has chosen AMAT as their provider of ion implant systems; this strengthens AMAT's position in China, where they have already won the Grace Semiconductor business for most of their tool offering. 12:26AM Applied Micro (AMCC) 12.40 +0.48 (+4.0%): Banc of America believes that the co may have to guide flat-to-lower for the March qtr, vs the firm's current model of a 9% sequential increase; co is likely to meet Dec ests. 12:25AM Broadcom(BRCM) 52.25 +3.01 (+6.1%): -- Update -- Announces collaboration with Palm (PALM) to develop an advanced Bluetooth architecture for use in a next-generation Palm handheld. Palm will use this architecture, which is based on Broadcom's Blutonium line of transceivers, as a building block for creating innovative Personal Area Networks. 12:24AM Nasdaq Composite : -- Technical -- Index has backed off the session's best levels though it remains in the upper half of its intraday range. Faces a notable resistance level at 2100 which has held to this point in the session. Look for initial support in the area of 2088/2090 followed by additional support around 2084. Market internals remain solidly bullish with advancing volume leading declining volume by a margin of about 4 to 1. 11:37AM SanDisk Corp (SNDK) 16.04 +0.68 (+4.4%): Co announces that that it will co-brand with Hewlett-Packard a SanDisk-manufactured 16 megabyte (MB) Secure Digital Card that will be included with the new HP Photosmart 812 digital camera. 11:33AM Vishay Intertech (VSH) 20.91 -0.09 (-0.4%): During their Needham conference presentation, co says that active component bookings have improved in the Dec qtr and passive mkt is still slow but stable. Says that during a "normal operating environment" co could grow operating income by 15%, maintain gross margins in the high-20% range, and grow sales by 8-10%; reiterates that General Semi acquisition should be accretive in 2002. "Time is right" for acquisitions in both active and passive segments as well as measurement specialty area. 11:07AM Xilinx (XLNX) 46.89 +1.95 (+4.4%): -- Technical -- This is another one touching a new recovery high and it may move in sympathy with comments from BRCM's conference call. Currently trading at the day's best levels, look for resistance in the area of 48.00. To the downside, keep an eye on the former recovery high at 46.40 for initial support. 11:06AM Broadcom (BRCM) 52.10 +2.86: -- Update -- At Morgan Stanley Conference, company says it has plenty of cash and sees no reason why it would need to go to the equity market to raise cash. DSOs are at 36 days and inventory turns are at 15.7x. 11:05AM ON Semiconductor (ONNN) 3.48 +0.48 (+16%): Announces that China's "No 1" color television manufacturer has selected ONNN's MC44608 device to enhance the power efficiency and reduce the standby consumption of its 25-inch and 29-inch color sets... volume 390K. 11:03AM Broadcom (BRCM) 52.39 +3.15: -- Update -- At Morgan Stanley Conference, company says it expects to return to profitability later this year. Also, it expects to return to its historical 50% growth rates later this year. 11:01AM QLogic (QLGC) 56.57 +1.92 (+3.5%): -- Technical -- Stock has broken out above resistance at 56.25 which marks a new recovery high. From current levels, has little in the way of notable upside resistance until 57.40 which marks the top of a gap created back in July. To the downside, look for 56.10/56.25 to serve as initial support. 10:51AM Broadcom (BRCM) 52.08 +2.84: At Morgan Stanley Internet, Software & Networking Conference, company says business enterprise networking market is still seing some slight workdown. As for cable modem market, there never has been a slowdown in subscriber growth. The problem has been too much inventory, however, the inventory glut has "essentially been eliminated." 9:15AM NVIDIA Corp (NVDA) 68.55: Thomas Weisel is positive on NVDA, as co continues to gain share in existing mkts while developing promising products for new mkts; firm reiterates Buy rating and increases pricetarget to $90 from $70, increases FY02 rev/EPS ests to $1.83 bln/$1.35 from $1.80 bln/$1.30 and FY03 to $2.3 bln/$1.75 from $2.2 bln/$1.65. 8:36AM Micron Tech (MU) 35.30: Bear Stearns "Ripple Effect" believes that MU is likely to make an offer for Hynix by this weekend; while deal could simply depend on price (MU believes Hynix's current mkt cap is too high), firm also suspects that Korean govt has changed to a more positive stance. 7:22AM Dupont Photomask (DPMI) 47.68: Semiconductor equipment maker raises Q2 guidance. Co now sees EPS of about $0.00 and rev of $86 mln vs previous guidance of a $0.10-$0.40 loss and rev of $70-$80 mln. Analysts were anticipating -$0.19 and $73.9 mln. For Q3, co sees rev of $77-$87 mln (consensus $76.5 mln). "Semiconductor producers continue to seek out our advanced technology offerings as the industry moves deeper into subwavelength lithography." 7:16AM RF Micro Device (RFMD) 19.40: Thomas Weisel is cautious on RFMD, citing increasing indications of a weaker-than-expected March qtr; firm hearing that printed circuit board makers are experiencing a decline in Jan production levels possibly due to excess inventory in the channel. Also, believes subscriber growth in the Dec qtr might have been weaker than expected. Lowers FY02 rev/EPS est to $365 mln/$0.00 from $382 mln/$0.03 and FY03 to $495mn/$0.23 from $525mn/$0.27. 7:11AM ASML Holding (ASML) 19.25: Salomon Smith Barney upgrades to BUY from Outperform and raises price target to $27 from $22. finance.yahoo.com

To: Kirk © who wrote (1570)	1/9/2002 6:48:51 PM
From: Donald Wennerstrom	Respond to of 95616

Kirk, Thanks for the input on the NASDAQ chart. What a movement in the NAS composite and AMAT today - from euphoria in the morning and throughout the day until the end - then at the end of the day it deteriorated very quickly. It will be interesting to see what happens tomorrow. I still think the composite will go a little higher before it backs off, but I do not have a lot of conviction on that point. Think I will just sit on the sidelines and see what happens. Don

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