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

To: JSLyons who wrote (2129)	2/25/2002 10:28:27 PM
From: Return to Sender	Respond to of 95738

6:57PM Kulicke & Soffa gets letter of intent from Amkor (KLIC) 16.84 +1.40: Company announces that Amkor (AMKR) has issued a letter of intent to purchase 200 KLIC Maxum ball bonders; first shipments scheduled for April. KLIC says this is the first major initiative for this new ball bonder platform. 5:28PM Qualcomm comments on Q2 rev. guidance (QCOM) 35.91 +3.21: -- Update -- On call, says March qtr revenue trends remain pretty much the same as the outlook it provided in January, which was down 3-6% sequentially... QCOM +0.369 at 36.30 5:19PM Qualcomm clarifies Q3 shipment outlook (QCOM) 35.91 +3.21: -- Update -- In response to analyst question, says that it doesn't want to create impression that it anticipates a massive sequential increase in chip shipments from March to June qtr; rather, thinks sequential increase will be relatively modest... QCOM +0.24 at 36.15 5:14PM Qualcomm sees higher Q3 chip shipments (QCOM) 35.91 +3.21: -- Update -- On call, says it expects chip shipments in June qtr to increase versus the March qtr with North America, Korea and Japan leading demand... QCOM +0.29 at 36.20 5:09PM Flextronics updates guidance (FLEX) 15.99 +0.32: Hearing from traders that the company has effectively warned on its mid-quarter conference call; though the company did not give new numbers it said earnings would be hurt by weak spending in telecoms; it also added that revenue should be essentially "in line with expectations.'' 5:02PM Qualcomm comments on channel inventory (QCOM) 35.91 +3.21: -- Update -- On call, says it doesn't see excess inventory of either phones or chips in the channel... QCOM +0.10 at 36.10 6:00PM After Hours Monday Changes vs the 4 pm close: The after hours action has been slightly positive but on the quiet side. A stock that provided important leadership during the day session surge was QUALCOMM (QCOM +1%) after reaffirming for Q2. The issue is up in after hours trade in the wake of comments at their press conference. Company indicated that it expects chip shipments in June qtr to increase versus the March qtr with North America, Korea and Japan leading demand. However, thinks the sequential increase will be relatively modest. On the downside are Flextronics (FLEX -4.6%) and Macrovision (MVSN -7.8%). FLEX reportedly issued a warning on their conference call; said earnings would be hurt by weak spending in telecoms with revenue essentially in line with expectations. MVSN beat for Q4 by $0.03 per share but warned that Q1 earnings will be in the range of $0.14-$0.16 per share vs consensus of $0.19 per share, also sees Q1 revenues in the range of $20-$22 mln vs the consensus of $23.2 mln. In a statement Xerox (XRX close 9.78) indicated that both Palm (PALM -1.9%) and 3Com (COMS close 4.92) have been ordered to post a $50 million bond with the court; the order follows a December ruling that Xerox' Unistrokes patent is valid and was infringed by both companies. In after hours trade the S&P futures, currently at 1109.70, is trading 0.3 points below fair value, the Nasdaq 100 futures, currently at 1409, is trading even with fair value while the Nasdaq 100 AHI is up 0.12 points. For further details of after hours developments, be sure to visit Briefing.com's In Play, Earnings Calendar and Guidance pages. -- Jim Schroeder, Briefing.com Close Dow +177.56 at 10145.71, S&P +19.60 at 1109.43, Nasdaq +45.34 at 1769.88: The market was headed into the week with a little upside momentum, and an oversold posture, with these positives considerably bolstered by bullish news/comments prior to the open. QUALCOMM (QCOM +9.7%) reaffirmed for Q2 EPS; Lowes (LOW +3.1%) topped consensus estimates and raised guidance; General Motors (GM +3.1%) upped its production/earnings outlook; Caterpillar (CAT +6.4%) benefited from friendly comments in Barron's; and Eastman Kodak (EK +3.9%) reaffirmed its guidance. Also providing a boost were a number of upgrades (SUNW +9.9%, CTXS +9.3%, EMLX +4%, EMC +7.7%, SII +3.2%, WFT +5.1%). The latter two upgrades are from the oil service sector (OSX +3.2%) which was a top performer along with the semiconductor sector (SOX +5.8%) throughout the day. The homebuilding sector (CTX +3.9%, PHM +4.4%, TOL +3.1%, BZH +5.6%, KBH +4.4%) was higher from the opening bell with this group and the perception that the economy continues to improve was underpinned further by the stronger than expected Existing Homes Sales data for Jan (6.04 mln vs consensus of 5.25 mln). Another important factor was the lack of any fresh accounting worries to take the starch out of the bull's sails. Overall the performance was impressive with the rally broadening considerably during the afternoon. The ideal scenario from here would be to see a pickup in volume (which was on the modest side today) and market breadth (Nasdaq A/D did not turn positive until the afternoon) as the short term momentum continues to build. DJTA +1.9%, DJUA -0.2%, DOT +3.8%, Nasdaq 100 +3.8%, Russell 2000 +0.6%, SOX +5.8%, S&P Midcap 400 +1.3%, XOI +1.2%, NYSE Adv/Dec 1931/1182, Nasdaq Adv/Dec 1934/1658 3:46PM CE Unterberg Focus List : -- Before Open -- CE Unterberg issues their Focus List, comprised of stocks they believe will be best positioned to take advantage of the immediate investment climate at any given point in time. AMAT and NVLS are their cap equip vendor selections; GNSS and RFMD are their semi names (focus is on individual stories where demand is product-cycle and market-share gain driven); MROI is the only stock in the software space; and MCDT is their storage/computing name. 2:59PM CSFB Semi Conf (Day 3) : -- Before Open -- ICST indicated that it was comfortable with its current qtr's guidance for revenues to increase 28-38%; added that bookings were good with stronger bookings going into the Asian Lunar New Year versus the 4-5 days afterwards. Mgmt at SIMG highlighted the co's growing portfolio of products; noted that SIMG has about 80% of the transmitter market and 50% of receivers and that SIMG's consumer electronics's business remains on track. finance.yahoo.com Thanks for the update, RtS