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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: martin001 who wrote (24084)	1/23/2002 5:18:01 PM
From: Sully-	Read Replies (2) \| Respond to of 99280

17:15 ET Siebel Systems (SEBL) 34.80 +2.18: -- Update -- Company reports Q4 earnings of $0.13 per share, $0.04 better than the consensus estimate; reports Q4 revenues of $481.4 mln versus the consensus estimate of $444.7 mln; no formal guidance issued with report. 17:14 ET Broadcom (BRCM) 45.38 +1.83: -- Update -- Company says two largest customers in Q4 were Motorola (MOT) at 18% of sales and Cisco (CSCO) at 10.4% of sales...headcount increased by 59 to 2,807....stock at 41.95.

To: martin001 who wrote (24084)	1/23/2002 5:22:45 PM
From: t2	Read Replies (1) \| Respond to of 99280

I saw that - some idiots were running it up to almost 55 I tried to short there but I guess they ran out of idiots. What a casino in AH. It is a casino afterhours...now - right back where it started.<g> The one thing that catches my attention is that this is the second big semi equipment maker to provide a bullish outlook instead of saying we may be at a bottom. I am trying to balance this what I think is a market in which tech is not liked as it once was. The big funds have not loaded up on tech...although they seemed to like the semis within the tech sector...but valuations still high seems to be the consensus. I am just wondering if the "smart money" is about to cover short positions--Nasdaq short interest is at record levels. There was a slight decline in the NYSE shorts--I think it was the first one in 11 months if I am not mistaken. Wonder if it is a trend. note: SEBL seems to be going strong afterhours. 17:10 ET KLA-Tencor (KLAC) 53.00 +5.14: -- Update -- On their Q2 earnings conference call, the CEO says worst is behind industry, citing: better holiday consumer/PC sales, chip inventories coming into balance, chip prices showed relative strength in Dec, utilization is constrained in foundries, capacity for 0.18 micron is above 80%, and in general customer biz is geting better. Expects modest sequential increase in order patterns for the March qtr, and expects orders to improve in the 2H02.