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


To: Donald Wennerstrom who wrote (1758)1/25/2002 12:37:17 PM
From: Return to Sender  Read Replies (1) | Respond to of 95622
 
11:30AM : After exhibiting weakness off the open, semiconductors have turned into solidly positive territory. The Philadelphia Semiconductor Index or SOX is currently higher by 3.8 points or 0.7% at this point in the session. A well received earnings report out of communications chip maker PMC Sierra (PMCS +8.5%) is contributing to the buy interest. The company exceeded consensus estimates by a penny and added that revenues seem to be stabilizing. The company cited falling inventories, which it believes should be worked off over the next two quarters. It also added that spot shortages of new products are becoming more acute and stated customer consumption rates are growing. The company's favorable outlook has several of its sector peers higher with Vitesse Semiconductor (VTSS +0.9%), Applied Micro Circuits (AMCC +3.2%) and Cypress Semiconductor (CY +2.2%) each posting intraday gains. DJTA +0.4%, DJUA -0.3%, Nasdaq 100 -0.9%, Russell 2000 -0.2%, S&P Midcap 400 +0.2%, XOI +0.4%, NYSE Adv/Dec 1366/1447, Nasdaq Adv/Dec 1261/1782

10:11AM Nasdaq Composite : Off to a negative start but showing signs of improvement with the semi sector (SOX +0.7%) helping to underpin.. Intraday resistance is at 1937 (200 day simple ma) followed by 1942 and 1950. A breach of these barriers implies that the underlying short term bias is favorable and argues for another run at 1960/1965 (38% of Jan slide, 50 day simple ma) which stymied the push yesterday. Supports are at 1927 and 1923 (session low) in front of 1919/1916.

8:12AM Sanmina-SCI (SANM) 17.19: Thomas Weisel Partners downgrades to ATTRACTIVE from Buy and slashes FY02 EPS estimate to $0.21 from $0.61. CSFB assumes coverage with a BUY rating, below its previous rating of Strong Buy; company cited weakness in the communications market for reduced guidance yesterday.

7:55AM ChipPAC (CHPC) 6.30: Co prices a 10 mln share secondary offering at $6 per share.

7:55AM PMC-Sierra (PMCS) 21.86: Goldman Sachs upgrades to RECOMMENDED LIST from Outperform with a $30 target; cites resumption of revenue growth in Mar qtr and company's operating leverage, but notes that ride up could be bumpy and advises being selective with entry points; introduce FY03 EPS estimate of $0.25.

7:30AM ARM Holdings (ARMHY) 14.35: Some mixed views out of London on ARMHY ahead of its Jan 28 earnings release: Salomon Smith Barney downgrades to UNDERPERFORM from Neutral due to valuation, sees in-line results and further out a degree of multiple contraction; Merrill Lynch recommends buying ARMHY ahead of its results based on continuing momentum.

finance.yahoo.com

Don, I like to take issue with several points in your last post. First..

I like my chart better

Yours is accurate while mine makes AMAT seem like a much more attractive investment vehicle as opposed to the SOX Index. <gg>

Second...

Why did you have to go and buy more AMAT yesterday?

That drop in the last hour after you bought was really scary. Please do not buy anymore today!!!</b?<ggg>

And finally the information you provide is time consuming and much appreciated by all of us.

Thank you, RtS