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

To: robert b furman who wrote (1855)	2/6/2002 12:08:13 PM
From: Return to Sender	Respond to of 95738

11:48AM QLogic Intraday Technicals (QLGC) 46.30 +0.12: -- Technical -- Another stock in the storage sector demonstrating relative strength. Look for initial resistance at 46.65/46.85 followed by subsequent overhead at 47.10. On a break above 47.10 stock has little resistance until an area of congestion around 47.70. To the downside, look for initial support at 46.15 followed by an additional floor in the area of 45.80. 11:06AM New Lows : Standouts on the new 52-week low list include CPN, VRSN, WCOM, MCIT, PDII, CKFR, TQNT, CTXS, HGSI. Many of these names are familiar ones, as in recent weeks break to new lows has triggered liquidation of the stocks, which has lasted several days. 10:41AM Nasdaq Composite Intraday Technicals : -- Technical -- Index has broken below notable support at 1828. From current levels, look for downside support at 1814 which represents the lower end of its 10 and 20-day Bollinger bands. After that, index has little in the way of additional support until 1793. To the upside, look for initial resistance at 1825/1828 followed by subsequent overhead at 1840. 8:55AM : The pre-market tone has turned firmly bullish in recent trade. The impact from the release of an internal memo that characterized Cisco Systems (CSCO) Q2 earnings in a positive light has broadened. Currently the S&P 500 futures are now 1 point above fair value and the Nasdaq 100 futures are 21 points above fair value. Other positive news includes: Computer Assoc (CA) reaffirmed guidance for Q4; Motorola (MOT) upgraded by Morgan Stanley; Charter Comm (CHTR) upgraded by Goldman Sachs based on valuation; NVIDIA (NVDA) estimates/target raised by Robertson Stephens as checks indicate company barely able to meet demand as INTC ramps Q4, also XBOX sales continue to be strong. 8:02AM Cisco comments on Q2 after inadvertent release (CSCO) 18.50: Co announced that an internal communication from a Cisco executive characterizing co's Q2 financial results (which were due to be released after the close today) in positive terms was prematurely and inadvertently distributed to a large number employees last night. The communication also said that Cisco's booked orders, for products only, were $3.9 bln versus an internal goal of $3.75 bln. The memo did not include specific information about revenues or earnings for the quarter. finance.yahoo.com RtS