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

To: stox19 who wrote (1862)	2/7/2002 1:06:36 PM
From: Return to Sender	Respond to of 95743

From Briefing.com: 9:51AM Pixelworks initiated as Neutral, says stock is overvalued (PXLW) 13.10 -0.70: Stock is trading down 5% after Pacific Growth initiated with a NEUTRAL rating before the open; firm believes that stock is overvalued and that investors have misjudged the size of opportunity in PXLW's mkt and the timing of adoption of its products; also, there seems to be a dismissal of competitive threats that have already driven market share down to 6.5% in the LCD monitor space. 9:51AM Sector Watch : Mixed performance for the market averages with losses in semiconductor (SOX -2.1%) and networking (NWX -0.7%--CSCO -7%) weighing on the Nasdaq. Other groups on the defensive include: biotech, oil, oil service, Internet, software, storage and broker/dealer. On the rise this morning are the retail, banking, wireless, telecom, airline (ABN AMRO upgrade) and gold sectors. 9:29AM Genesis Microchip initiated as Neutral by Pac Growth, sees revs declining (GNSS) 53.55: Pacific Growth initiates coverage with a NEUTRAL rating, says that co has "nearly maxed out its potential". Competitive threats combined with ASP reductions should drive revs lower on an organic basis; Sage acquisition should mask declining revs for the next two qtrs, but thereafter the fundamentals break down. 8:47AM Cisco Systems upped at SoundView (CSCO) 18.61: -- Update -- Hearing from sources that SoundView is upgrading CSCO to STRONG BUY from Buy after the co beat ests last night; while rev deferral swing accounted for all rev growth, which may dampen investor enthusiasm, firm sees this as a non-issue. Current price represents a buying opportunity as the co stabilizes its top-line and leverages its operating model to post strong earnings results. Raises FY02 rev/EPS ests to $19.3 bln/$0.34 from $18.5 bln/$0.19, and raises FY03 ests to $22.3 bln/$0.51 from $21 bln/$0.28. 7:46AM Cisco Systems: Comm IC beneficiaries of CSCO results (CSCO) 18.61: -- Update -- Lehman believes that CSCO's greater raw material consumption vs. purchases in the qtr suggests improved bookings ahead for Comm ICs such as ISIL in wireless LAN (see also 7:35 comment) and BRCM and MRVL in enterprise networking; VTSS (enterprise/storage exposure) and AGR.A (low valuation and storage/wireless LAN exposure) should benefit as well. 7:37AM Cisco helped by deferred revenues; downgraded by Dresdner (CSCO) 18.61: Merrill Lynch says that demand was overstated by roughly $200 mln due to contingent contracts exercised this qtr for products shipped in previous qtrs; maintains near-term BUY rating. Dresdner Kleinwort Wasserstein is less forgiving, downgrading CSCO to SELL from Reduce citing accounting concerns; says that revenue upside came primarily from recognition of deferred revenues, also argues that gross margins would have been 45% instead of 57% had Cisco followed the same accounting practices as its peers. 7:35AM Cisco Systems: ISIL, IDTI, CY to benefit from CSCO results (CSCO) 18.61: Merrill Lynch says that CSCO's results were good news for wireless LAN maker ISIL and Catalyst switch suppliers IDTI and CY. ISIL is CSCO's sole supplier of wireless LAN chipsets and should benefit from increased penetration of wireless LAN technology into the enterprise mkt; and CSCO's announcement that it is gaining share in the enterprise mkt with its Catalyst switches is pos for IDTI and CY, as these co's are the primary and secondary suppliers, respectively, for these switches. finance.yahoo.com On CREE I think we should wait at least one more day before averaging down but you are most likely right. We are finally getting a bounce off the lower Bollinger Band. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9]&pref=G If it is a sustainable rise or not is not something we can know just yet. Too many stocks hitting new yearly lows like TQNT. Right now I am trading AMAT. Long, short, long, short and trying to stay above water with losses in stocks like TQNT and CREE. Thanks, RtS

To: stox19 who wrote (1862)	2/7/2002 1:17:12 PM
From: Return to Sender	Respond to of 95743

From Briefing.com: 12:14AM Genesis Microchip upped by Unterberg intraday (GNSS) 47.14 -6.41: In an intraday call, CE Unterberg upgrades GNSS to STRONG BUY from Buy 11:12AM Sector Watch: Semiconductor : The group has put together a solid recovery rally in recent trading lifting the Nasdaq back to unchanged. Pacing the way higher are: MOT (+1.7%), TXN (+1.7%), ALTR (+1.6%), INTC (+1.2%), RMBS (+3.7%) 9:51AM Pixelworks initiated as Neutral, says stock is overvalued (PXLW) 13.10 -0.70: Stock is trading down 5% after Pacific Growth initiated with a NEUTRAL rating before the open; firm believes that stock is overvalued and that investors have misjudged the size of opportunity in PXLW's mkt and the timing of adoption of its products; also, there seems to be a dismissal of competitive threats that have already driven market share down to 6.5% in the LCD monitor space. 9:51AM Sector Watch : Mixed performance for the market averages with losses in semiconductor (SOX -2.1%) and networking (NWX -0.7%--CSCO -7%) weighing on the Nasdaq. Other groups on the defensive include: biotech, oil, oil service, Internet, software, storage and broker/dealer. On the rise this morning are the retail, banking, wireless, telecom, airline (ABN AMRO upgrade) and gold sectors. 9:29AM Genesis Microchip initiated as Neutral by Pac Growth, sees revs declining (GNSS) 53.55: Pacific Growth initiates coverage with a NEUTRAL rating, says that co has "nearly maxed out its potential". Competitive threats combined with ASP reductions should drive revs lower on an organic basis; Sage acquisition should mask declining revs for the next two qtrs, but thereafter the fundamentals break down. 8:47AM Cisco Systems upped at SoundView (CSCO) 18.61: -- Update -- Hearing from sources that SoundView is upgrading CSCO to STRONG BUY from Buy after the co beat ests last night; while rev deferral swing accounted for all rev growth, which may dampen investor enthusiasm, firm sees this as a non-issue. Current price represents a buying opportunity as the co stabilizes its top-line and leverages its operating model to post strong earnings results. Raises FY02 rev/EPS ests to $19.3 bln/$0.34 from $18.5 bln/$0.19, and raises FY03 ests to $22.3 bln/$0.51 from $21 bln/$0.28. 7:46AM Cisco Systems: Comm IC beneficiaries of CSCO results (CSCO) 18.61: -- Update -- Lehman believes that CSCO's greater raw material consumption vs. purchases in the qtr suggests improved bookings ahead for Comm ICs such as ISIL in wireless LAN (see also 7:35 comment) and BRCM and MRVL in enterprise networking; VTSS (enterprise/storage exposure) and AGR.A (low valuation and storage/wireless LAN exposure) should benefit as well. 7:37AM Cisco helped by deferred revenues; downgraded by Dresdner (CSCO) 18.61: Merrill Lynch says that demand was overstated by roughly $200 mln due to contingent contracts exercised this qtr for products shipped in previous qtrs; maintains near-term BUY rating. Dresdner Kleinwort Wasserstein is less forgiving, downgrading CSCO to SELL from Reduce citing accounting concerns; says that revenue upside came primarily from recognition of deferred revenues, also argues that gross margins would have been 45% instead of 57% had Cisco followed the same accounting practices as its peers. 7:35AM Cisco Systems: ISIL, IDTI, CY to benefit from CSCO results (CSCO) 18.61: Merrill Lynch says that CSCO's results were good news for wireless LAN maker ISIL and Catalyst switch suppliers IDTI and CY. ISIL is CSCO's sole supplier of wireless LAN chipsets and should benefit from increased penetration of wireless LAN technology into the enterprise mkt; and CSCO's announcement that it is gaining share in the enterprise mkt with its Catalyst switches is pos for IDTI and CY, as these co's are the primary and secondary suppliers, respectively, for these switches. finance.yahoo.com On CREE I think we should wait at least one more day before averaging down but you are most likely right. We are finally getting a bounce off the lower Bollinger Band. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9]&pref=G If it is a sustainable rise or not is not something we can know just yet. Too many stocks hitting new yearly lows like TQNT. Right now I am trading AMAT. Long, short, long, short and trying to stay above water with losses in stocks like TQNT and CREE. Thanks, RtS