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

To: Crossy who wrote (1720)1/22/2002 5:49:42 PM
From: Return to Sender  Respond to of 95639
 
I believe I smell a rally tomorrow. From Briefing.com:

4:57PM Novellus (NVLS) 36.23 -1.61: -- Update -- On call, company says EPS break-even is now around $175 mln, which is an increase from the mid-qtr call's estimate of $150-$160 mln....stock at 37.23.

4:55PM Novellus (NVLS) 36.23 -1.61: -- Update -- On call, company says it expects Q1 bookings of $130 mln and shipments of $130 mln for a book-to-bill of one....Company says "expect a substantial reduction in inventory over the next few quarters."...stock at 37.20.

4:53PM Microchip (MCHP) 36.40 -2.00: Posts Q3 net of $0.17 a share, in line with consensus, vs yr-ago EPS of $0.31. Sales fell to $141.86 mln, in line with consensus of $141.9 mln. Co sees Q4 net of $0.17-$0.18 on rev of $143-$145 mln (EPS/rev consensus estimates are $0.18 and $143.2 mln).

4:52PM Novellus (NVLS) 36.23 -1.61: -- Update -- On conference call, company guides lower on EPS to $(0.10) vs Multex consenus of $(0.03); however, revenue is expected to be $150 mln vs Multex consensus of $144 mln...stock at 37.10.

4:47PM Integrated Device (IDTI) 25.09 -2.19: -- Update -- On call, says bookings picked up in Dec. and continued in Jan; indicates order rates in Jan. would support some revenue growth, but too early to tell if it will last... currently projects fiscal Q4 revs. to be flat to up slightly (current Multex consensus of $85.1 mln implies 6.1% sequential growth)... notes that it enterprise router and switch market is where it is currently seeing strength.... IDTI +0.10 at 25.19

4:46PM Oak Tech (OAKT) 13.79 -1.17: Reports Q2 (Dec) loss of $0.02 per share, $0.01 better than the Multex consensus of ($0.03); revenues fell 40.2% year/year to $36.3 mln vs the $35.3 mln consensus. Company guides slightly higher for Mar qtr; sees revenue up 5-10% sequentially, or roughly $38-40 mln vs the consensus of $38.5 mln; sees EPS of breakeven to a slightprofit vs consensus of a $0.01 loss.

4:37PM Integrated Device (IDTI) 25.09 -2.19:-- Update -- On conference call, says leading indicators suggest lowpoint for quarterly revenue run rate was reached in Dec. quarter... IDTI -0.04 at 25.05

4:37PM Altera (ALTR) 22.00 -1.01: Posts Q4 net of $0.03 a share, in line with consensus, vs yr-ago EPS of $0.25. Rev fell to $162.5 mln, exceeding consensus of $161.7 mln. Co expects to see modest sequential growth in the MarQ. Consensus estimates calls for 33% EPS growth and 2-3% rev growth in the MarQ.

4:32PM Fairchild Semi (FCS) 23.79 -1.76: Reports Q4 pro forma EPS of $0.00, $0.04 better than the First Call consensus of ($0.04); revenues fell 31% to $324.6 mln, vs consensus of $319.58 mln. "We expect our Q1 revenues to be down about 3%-5% from Q4 which is in line with historical seasonality for our products. Our backlog pricing for Q1 is slightly lower than Q4 due to the result of annual OEM contract negotiations, so we expect gross margins to be flat to slightly down in Q1."

4:24PM Vitesse Semi (VTSS) 12.60 -0.40: -- Update -- Reports Q1 pro forma EPS of ($0.12), $0.01 better than the Multex consensus of ($0.13); revenues fell 76% to $39.15 mln, in-line with consensus of $39.10 mln. "While the last few quarters have been very difficult, we are now seeing signs of stability in our markets. We are therefore cautiously optimistic about a slow, but steady improvement in demand in calendar 2002."

4:18PM Silicon Labs (SLAB) 29.80 -2.11: Reports Q4 (Dec) earnings of $0.03 per share, $0.04 better than the Multex consensus of ($0.01); revenues fell 20.6% year/year to $23.6 mln vs the $21.4 mln consensus; company updates guidance: "expects first quarter revenues to be in the $23 to 25 million range, with adjusted earnings per share around breakeven." Consensus estimates are for revenues of $21.8 mln and a net loss of $0.01 per share.

4:12PM Integrated Device (IDTI) 25.09 -2.19: Reports Q3 (Dec) loss of $0.11 per share, $0.02 better than the Multex consensus of ($0.13); reports Q3 revenue of $80.2 mln versus the consensus estimate of $80.2 mln.

4:08PM Novellus (NVLS) 36.23 -1.61: -- Update -- Detail: Shipments of $162.4 million in Q4 represent adecline of 15.8% compared to $192.9 million reported in Q3. Deferred revenue at the end of Q4 was $140.0 million, a decrease of 23.4% from $182.7 million at the end of Q3. Backlog at December 31, 2001 was $266.5 million, a decrease of 58.6% from the $643.8 million at December 31, 2000.

4:08PM Pericom Semi (PSEM) 13.75 +0.02: Reports Q2 (Dec) loss of $0.01, in line with the Multex consensus; revenues were $12.2 mln vs the consensus of $12.1 mln; company expects Mar qtr revenues to be flat near $12.2 mln vs $12.5 mln consensus; says "the overall tone seems slightly improved."

4:07PM Novellus (NVLS) 36.23 -1.61: -- Update -- Company reports Q4 earnings of $0.12 per share, $0.01 better than the consensus; reports Q4 revenues of $200 mln versus the consensus estimate of $203 mln.

4:03PM Applied Micro (AMCC) 9.81 -0.60: -- Update -- Posts a Q3 net loss of $0.04, in line with consensus; rev fell 72% to $40.2 mln, slightly below $40.92 mln consensus. "We have seen some improvement in our enterprise switching business, but the majority of our business in the core and metro markets has yet to show signs of recovery."

3:33PM Earnings Calendar : Expect a busy after hours today as market responds to earnings from technology companies such as AMCC, CA, EMLX, FMKT, NVLS, OPWV, and VTSS... Due out before the open tomorrow are AGR.A, DPMI, ISSX, TLAB.

3:24PM Broadcom (BRCM) 43.24 -5.28 (-10%): -- Update -- Technical -- Session turns downright ugly after negative comments from USB Piper Jaffray (see 10:57 comment) but the deterioration has been underway for two weeks. Highlighted the trend reversal in Jan 11 story stock with the issuing now approaching support at 42.98 and the 20 week moving average mentioned in the story (at 42.56 today).

12:24AM Genesis Microchip (GNSS) 57.58 -8.60 (-13%): -- Update -- In addition to PC data mentioned at 11:14 ET, concerns over Philips bringing FPD chip production in-house and competitive threat from SIMG (which announced an order yesterday from Philips) also said to be weighing on the stk.

10:57AM Broadcom (BRCM) 46.43 -2.09: In a pre-open note, USB Piper Jaffray analyst Ashok Kumar argued that BRCM's ServerWorks is seeing its first serious competition from Intel (INTC) in one-way and two-way server platforms; Kumar says this could threaten Broadcom's strategy to use chipsets as entry points for gigabit ethernet and other products into server OEMs.

finance.yahoo.com

RtS



To: Crossy who wrote (1720)1/22/2002 6:03:09 PM
From: Return to Sender  Read Replies (1) | Respond to of 95639
 
Chip segment weighs raft of reports
Motorola, Novellus, Fairchild among firms issuing results
By August Cole, CBS.MarketWatch.com
Last Update: 5:52 PM ET Jan. 22, 2002

marketwatch.com

NEW YORK (CBS.MW) -- A series of quarterly reports late Tuesday gave a snapshot of how the semiconductor industry closed out one of its toughest years ever.

The reception in after-hours trading was a warm one even as many of the big-name players reported losses for the final quarter of calendar year 2001. See After Hours.

Applied Micro Circuits

Applied Micro Circuits (AMCC: news, chart, profile) stayed in line with analyst estimates by reporting a third-quarter loss of $13.1 million, or 4 cents a share. Company officials said they still were trying to work through excess inventory at a time where there is little demand. Applied Micro's revenue was $40.2 million, down 72 percent from $143.3 million a year ago. At that time the company earned $48.1 million, or 16 cents a share. See full story.

Alliance Semiconductor

Alliance Semiconductor said it lost $11 million, or 27 cents a share, during the third quarter. In the year-ago period, the company earned $10.9 million, or 26 cents a share. The chip firm reported revenue came in at $6.3 million -- down 90 percent from last year. Shares (ALSC: news, chart, profile) ended the day off 19 cents to $11.22.

Altera

Altera Corp. said Tuesday it lost 9 cents a share, or $34.4 million, in the fourth quarter. On a pro forma basis, the company earned $12.57 million, or 3 cents a share, matching the consensus profit target from Thomson Financial/First Call. In the year-ago period, Altera's pro forma income was $102.72 million, or 25 cents a share. Revenue came in at $162.53 million, down from $367.95 million in the year-ago quarter. Shares (ALTR: news, chart, profile) ended the day down $1.01 to $22.

Fairchild Semiconductor

Fairchild Semiconductor said it lost 16 cents a share, or $16.2 million, in the fourth quarter though last year it earned 92 cents, or $93.7 million. That figure includes a $11.2 million charge. On a pro forma basis, the chip firm broke even in the fourth-quarter. Analysts polled by First Call had forecast a per-share loss of 4 cents a share. Last year, the company earned 76 cents a share, or $76.9 million. Revenue came in at $324.6 million, down from $468.8 million last year. Shares (FCS: news, chart, profile) lost $1.76 to $23.79.

Motorola

Motorola (MOT: news, chart, profile) lost money in the fourth quarter as sales fell 25 percent, but the company reiterated its previous prediction that it will return to profitability in the second half of 2002. The giant manufacturer of wireless phone and communications chips said it lost $1.2 billion, or 55 cents a share, compared with net income of 362 million, or 16 cents, a year earlier. Revenue was $7.3 billion compared with $9.8 billion. The loss excluding one-time items was 4 cents a share, a penny better than analysts had expected.

Novellus

Chip equipment maker Novellus (NVLS: news, chart, profile) reported fourth-quarter net income of $17.2 million, or 12 cents a share, on revenue of $200 million. During the same quarter last year, net income was $93.9 million, or 64 cents a share, on revenue of $442.7 million. Novellus was expected to earn 11 cents a share on revenue of $201 million, according to the average estimate of analysts surveyed by First Call. Shipments declined 15.8 percent sequentially to $162.4 million and deferred revenue fell 23 percent sequentially to $140 million. Shares fell $1.61, or 4.3 percent, to $36.23. See full story.

Vitesse Semiconductor

Vitesse Semiconductor said Tuesday it lost $106.9 million, or 54 cents a share, including charges, while last year the company brought in a profit of 15 cents a share. On a pro forma basis, Vitesse lost $24.3 million, or 12 cents a share in the first quarter, 1 cent a share less than analysts had forecast, according to First Call. Revenue came in at $39.1 million, down 76 percent compared with $165.1 million in the year-ago quarter. In the year-ago period, the company (VTSS: news, chart, profile) earned $47.6 million, or 26 cents a share.


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