Silicon Investor (SI) -- The First Internet Community

discover

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Return to Sender who wrote (2204)	3/7/2002 2:38:13 PM
From: Return to Sender	Read Replies (3) \| Respond to of 95938

2:00PM : Selling pressure has intensified in the past twenty minutes or so, sending each of the major indices to new session lows for the day... Tech sector bearing the brunt of the latest round of selling interest, which appears to be concentrated on the semiconductor and big-cap tech shares... SOX Index is down only 0.5% for the day, but has fallen 1.7% since Briefing.com's last update... No specific catalyst for the sell-off as the market remains prone to bouts of profit taking following its strong run... 12:42AM Intersil: more talk about competition in WLAN (ISIL) 34.18 +0.78: This morning before the open, UBS Warburg wrote that they see TXN gaining momentum in the 802.11 Wireless LAN chipset mkt as they gain new customers with new multi-mode 802.11 chipset products. Separately, we are hearing Street talk that some may be underestimating INTC's competitive threat to ISIL in the WLAN mkt (this out of last week's INTC Developers Forum); hearing that INTC plans to integrate a dual 802.11a/802.11b chip on all motherboards, and will probably offer the product in 2003. 12:20AM Broadcom Intraday (BRCM) 41.40 +1.36: -- Update -- -- Technical -- Another one trading towards its best levels of the session as it approaches resistance at 41.60. The stronger than expected NSM numbers should be a supportive factor. On a break higher, look for subsequent overhead in the area of 42.30. The favorable intraday tone would deteriorate on a break below very near-term support at 41.20. 12:20AM National Semi tops estimates; provides Q4 guidance (NSM) 31.00 -0.61 (delayed): -- Update -- Reports a Q3 net loss of $0.21 a share, $0.06 better than consensus, vs yr-ago EPS of $0.21. Rev declined to $369.5 mln, exceeding consensus of $364.25 mln. For Q4, co sees revenues of $390-$405 mln, resulting in a lower loss per share (consensus estimates $391.88 mln and -$0.15). 12:13AM Applied Micro Intraday (AMCC) 10.29 +0.15: -- Technical -- Solid push in early trade but thus far unable to follow through. Short term ability to maintain a posture above support at 10.1/9.97 (Nov/Jan trendline broken today, 50 day exp ma) leaves the door open for another rally attempt near term. First resistance is at 10.76 with a breakout initially pointing to 11.2/11.4 (congestion/100 day simple ma). Failure exposes next support at 9.3/9.1 and 8.8/8.7. 10:05AM Markets edge higher on Greenspan comments : Fed Chair Greenspan revised the monetary policy testimony he is now reading to the Senate. The text notes that the recovery is "well under way" as positive elements replaces some of the caution of lastweek's testimony to the House. The heart of the revisions comes from the improved read in just the last few days from ISM, construction spending and the strong rise in the equity markets. 9:55AM Nasdaq Composite Intraday : -- Technical -- Gaps higher and pushes above its 200 day simple ma (1907) but has been unable to hold above. The better than 3.5% run off yesterday's low on top of the substantial gains of the last two weeks (roughly 12%) has left the index in a short term overextended position. Initial support is in the 1890 area followed by a stronger short term floor at 1880/1878. 8:29AM Infineon expects DRAM prices to rise, little risk of oversupply (IFX) 24.85: Reuters is reporting that IFX expects DRAM prices to rise further due to real demand and stable inventories, and says that risks of oversupply were minimal. Also, the co expects to grow its mkt share in the memory chip mkt to around 20% from the current 15% in the next 2-3 years. 1:00PM : The Dow has made a bit of a move here thanks to SBC Comms (SBC 38.66 -0.37) reaffirming guidance. Also, the company targets having 2 mln DSL subscribers by yr-end. This latter point has pushed DSL equipment maker GlobespanVirata (GSPN 13.94 +0.59) to new session highs....The wireless stocks continue to rally today extending gains over last few sessions. Since about this time Tuesday, Nextel (NXTL 6.59 +0.31) is up 40%, PCS is up 20%, WWCA is up 23%, TPC is up 45%. A couple of names affirming guidance caused the rally, supported by a short squeeze as many have been betting against the sector... National Semi (NSM 32.80 +1.19) had been halted after giving guidance, but moves up sharply after trading resumes. NYSE Adv/Dec 1519/1466, Nasdaq Adv/Dec 1830/1466 12:30PM : The Semiconductor Index (SOX 611.24 +3.27) moved higher as National Semi (NSM) topped estimates and guides EPS higher for the current quarter. Leaders ofthe group: ANAD +8%, MSCC +8%...The front month oil futures contract has risen to its highest level in six months on significant volume. The sabre rattling by Iraq and commentary from Greenspan that was more optimistic than the House testimony from last week has bolstered the market. The oil service (OSX +1.9%) and natural gas (XNG +2%) sectors are also posting strong gains... Other key events today include the mid-quarter updates from Intel (INTC 32.96) and Sun Microsystems (SUNW 9.03) after the close... 11:55AM Asyst Tech (ASYT) 18.72 -0.: -- Before Open -- AG Edwards downgrades to HOLD from Buy as firm is not comfortable buying ASYT stock into recent strength. Firm notes that, since last September, ASYT shares have increased more than 100%, while the company's revenue performance has slid considerably and orders have flattened out. At this time, firm believes the current price reflects the company's likely order improvement in the next 6-9 months, and also reflects the positive news coming from Asyst's OEM customers. On a valuation basis, firm thinks the current P/E multiple based on new 2004 EPS estimate shows the company nearly fully valued as well. 11:31AM TranSwitch (TXCC) 3.27 -0.10: -- Before Open -- Pacific Growth Equities initiates coverage with a Market Perform. Like many of its peers, TXCC suffered substantial revenue decline during 2001 due to downturn in telecom market. Although most telecom carriers plan to further reduce capital spending in 2002, firm believes many comm IC vendors, including TXCC, should resume sequential growth this year, driven initially by inventory replenishment, followed by resumption of end market demand. In firm's opinion, TXCC's focus on carrier access market, which firm believes could recover sooner than optical long haul market, along with its breadth of end-to-end product offering, position company well for an eventual recovery. finance.yahoo.com

Copyright/IP Policy

Advertise on SI

© 2026 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News