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

To: Donald Wennerstrom who wrote (1800)	1/30/2002 9:44:07 AM
From: Return to Sender	Read Replies (2) \| Respond to of 95617

From Briefing.com: 8:57AM Thomas Weisel ups semi sectors : Thomas Weisel increases their sector weightings on both Foundry and Semi Assembly & Test Services to OVERWEIGHT from Mkt Weight; growth should be driven by: 1) migration to higher-technology fabrication and packaging solutions, 2) substantial underinvestment by IDMs, and 3) meaningful outsourcing. Favorite ideas are TSM, AMKR, CHPC, and UMC (see 7:07 comment). 8:31AM GDP +0.2% in Q4; much better than expected : GDP rose 0.2% in Q4, much better than the consensus estimate of a 1.1% decline. Final sales rose 2.5%, which indicates that inventories were the major restraint on Q4 growth. Given that economic reports have only improved since, the positive Q4 reading will only add to the market's perception that the recession may already be over -- this is good news for stocks. 8:34AM Fed likely to keep rates unchanged; retain easing bias : Even before the GDP report, the Fed was expected to keep rates unchanged when it made its policy announcement at 2:15 pm ET today, now that view has been cemented by the stronger than expected data. The Fed is nevertheless expected to retain its easing "bias", which indicates only that they see the economic risks as weighted to the downside, which is common sense. 8:09AM Axcelis inks $30 mln long-term deal (ACLS) 12.87: Announces that a major N. American chipmaker has signed a long-term equipment support agreement with its Global Service Solutions organization valued in excess of $30 mln. 8:06AM Hynix cutting spot DRAM sales : South Korean chip-maker Hynix said it may suspend sales of DRAM in the spot market; due to a recent increase in demand, the firm will limit shipments to contractual customers. Move could be seen as supportive of DRAM prices. 7:37AMAnadigics makes qtr, says 100% booked for Q1 (ANAD) 13.50: Posts a Q4 net loss of $0.43 a share, $0.01 better than consensus. Rev increased 29% sequentially to $21 mln, slightly above $20.5 mln consensus. Co says it is 100% booked to meet a Q1 rev forecast of $17.5 mln (consensus $16.86 mln). Sees Q1 loss of $0.40, which would be in line with consensus. 7:07AM United Micro upped by Thomas Weisel (UMC) 8.34: Thomas Weisel upgrades to BUY from Attractive, due to expectations for accelerating growth, improved utilization, and a return to profitability in 2002. Price target is $11. finance.yahoo.com Thanks for posting those articles Don. I liked this little bit of sound reasoning for being long AMAT the best: Acknowledging the fact that the stock is still trading at a very lofty multiple, we see the improvements in technology driven by Intel that are starting a cycle where most of the chip manufacturers are going to have to retool and buy a whole new generation of Applied Materials equipment. Don I believe the GDP numbers came in good enough to allow the FED to leave rates unchanged with no change in bias. This news when properly delivered by Mr. Greenspan will ignite a strong rally higher in my opinion. As always I am looking for a big Return to Sender! <g>