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

To: Return to Sender who wrote (1838)	2/4/2002 5:37:34 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95622

Close Dow -220.17 at 9687.09, S&P -27.76 at 1094.44, Nasdaq -55.72 at 1855.52: You name the sector and it's probably down. The market has been on the defensive since the opening bell. A number of downgrades, talk of SEC investigations, accounting concerns weighed on the market today. The WSJ highlighted concerns in both Tyco (TYC 29.90 -5.73) and Amazon (AMZN 12.53 -1.20). Enterasys (ETS 4.20 -6.60, -61%) announced a review of Asia/Pacific revenue recognition and said the SEC is investigating; Elan (ELN -50%) is a recent accounting worry and considerably lowered EPS estimates.The semi equipment sector was lower, but did better than most tech sectors. While an industry report was not bullish, a number of firms upgraded the major names in the group ahead of Applied Materials (AMAT 43.98 +1.03) report next week. The semiconductors weighed on the Semi Index (SOX 545.21 -7.66): GNSS -8%, VTSS -8%. The biotechs were very weak today on accounting concerns at Cephalon (CEPH -13%) MYGN -11%, ABGX -9%. Retailers were lower despite what many expect to be decent Jan same store sales data later this week... 2:46PM Genesis Microchip defended by SG Cowen (GNSS) 57.04 -2.76: SG Cowen reiterates Strong Buy rating after stock falls in reaction to Barron's article. While firm sees STM gaining some market share over the next yr, GNSS will remain by far the dominant player. Says that last yr the concern was that Taiwanese firms would undercut GNSS margins. It turned out that co's margins actually increased. finance.yahoo.com^IXIC&d=t RtS