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

To: Cary Salsberg who wrote (1631)	1/14/2002 11:56:00 AM
From: Return to Sender	Respond to of 95574

From Briefing.com: 11:00AM : The market has extended its retreat with both the Nasdaq Composite, which is now below the 2000 level, and the Dow vacillating near the lows of the day. Only minor strength seen in healthcare, utility, tobacco and drug stocks. The key semiconductor sector was underpinned in early trade by favorable comments and upgrades but the weakening here has been a important factor to the downside follow through. Other losing groups include: biotech -2.6%, Internet -3.2%, software -1.8%, telecom -1.8%, broker/dealer -1.8% and energy. Volume continues at a modest pace with market internals weakening further.DOT -3.2%, SOX -0.6%, XOI -0.8%, NYSE Adv/Dec 1004/1774, Nasdaq Adv/Dec 1048/2126 10:40AM Advanced Micro (AMD) 19.54 +0.39 (+2.0%): -- Technical -- Demonstrating relative strength as the Nasdaq gets a solid test of 2,000. Essentially held its 200-day simple moving average at 19.20 and is currently trading towards its best levels of the session on very strong volume. Look for initial resistance in the areaof 19.90/20.00 with a break higher opening the way to its recovery high at 20.60. On an intraday basis, watch for downside support at 19.25. 8:31AM CIBC on EMS Co's : CIBC sees EMS co's as slimmed down and ready for a recovery in end mkts (possibly June qtr); upgrades SANM to BUY from Hold, as co has highest operating leverage, should see more benefits from SCI merger, and 6-7 OEM deals in pipeline; upgrades SLR to BUY from Hold, as end mkts seem to be stabilizing and balance sheet is strengthened from debt deal and inventory reductions. Raises price targets on FLEX to $35 from $30 and CLS to $63 from $55. 8:23AM Taiwan Semi (TSM) 18.54: Bear Stearns Ripple Effect says that TSM's CEO said that Q1 is holding up and should show an increase from Q4, and that they should see "a quarterly increase from now on"; says capacity utilization was 50% in Q4 but expects it to rise to 70-80% before the end of 2002. 8:09AM Intel (INTC) 34.55: Sources at Salomon Smith Barney are telling us that the firm thinks the Street's ests are too low for Q4 and Q1; co may be overly cautious on their call, and order rates should be better than what they guide to; unit ASPs should be up sequentially. 8:07AM OSI Systems (OSIS) 16.90: Co expects Q2 earnings to exceed expectations; sees EPS of $0.10-$0.11 vs $0.08 consensus (1 analyst surveyed). "Our security business continues to build momentum despite the fact that the FAA has not yet placed any significant orders after the passage of the recent Aviation Security bill." 7:47AM Micron Tech (MU) 35.13: Lehman upgrades to BUY from Mkt Perform on view that the move in DRAM prices is sustainable. Firm expects MU, not Samsung, to ultimately get Hynix. 7:23AM Infineon Tech (IFX) 22.75 : Morgan Stanley upgrades to OUTPERFORM from Neutral; cites a bottom in DRAM fundamentals, improved balance sheet from last week's convertible offering, and low valuation relative to MU and STM. finance.yahoo.com^SOXX&d=t Looks like the SOX wants to test the 50 day moving average at approximately 539 and rising again. stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] I will be looking for long buying opportunities when it does. RtS

To: Cary Salsberg who wrote (1631)	1/14/2002 1:00:24 PM
From: Kirk ©	Respond to of 95574

Good bullish commentary by Don Hays on the very large picture suite101.com Nomar posts Hay's info there about twice a week. You can subscribe and get an email when new posts are made with this link: suite101.com I like this part: But if history is our guide, you know that the opposite will occur. When the economy turns around, almost magically those write-offs, lay-offs, and plant closings of yesteryear will produce a magnifying effect on the rebound in earnings and productivity. And remember, the huge advantages that this economy has going for it are still there. Lower taxes, lower energy costs, the residual effect from all those mortgage refinancings, and the most generous monetary policy in a few decades. But remember, typically monetary policy has a one-year lag time. It has been about 13 months since the Fed first started to ease, and I believe right on schedule, the economy will tag along. It reads like an advertisement for IP... and I sure don't see any reason to buy a company that only manufactures stuff that anyone can make. Even so, I still have a hard time with the Price/sales ratios on some of your fav companies like MXIM... Kirk