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

To: willcousa who wrote (2246)	3/12/2002 9:47:26 AM
From: Return to Sender	Respond to of 95953

From Brieifng.com: 8:45AM Opening Indications : Futures remain weak and have beenflat over last 20 minutes. Warnings from Nokia (NOK) and Lucent (LU) as well as Goldman cautioning that Microsoft (MSFT) may guide to lower end of range for the next fiscal year is weighing on the market. Current indications: S&P 500 futures are -9.9, or 10.9 pts below fair value. Nasdaq 100 is -30, or 35 pts below fair value. Nas 100 PMI -35. 8:25AM Cisco Systems: current quarter on track to hit lower end of range-- GS (CSCO) 17.42: Goldman Sachs says that recent checks on CSCO's current qtr indicate that the enterprise biz (around 75% of sales) is on track while the carrier biz (25%) continues to be weak; firm believes the current qtr guidance of flat to slightly up revenue is achievable with a bias towards the lower end of the range. 8:16AM Cymer cut to Neutral by Bear Stearns on valuation (CYMI) 46.11: Bear Stearns downgrades to NEUTRAL from Attractive based primarily on price. Though company continues to perform well, valuation is well ahead of a similarly situated peer group. 8:15AM Microsoft Office licensing plan generates confusion-- WSJ (MSFT) 64.34: -- Update -- The Wall Street Journal's "Heard on the Street" column examines MSFT's new Office licensing plan, saying that it is generating some confusion among analysts as to whether it will mark a permanent boost in the co's revs or just a short-term blip. 7:51AM Pre-Market Movers: Telecom sector hurt by LU/NOK warnings : WCOM -14% (SEC inquiry); LU -12% (trims revenue outlook, pushes out return to profitability); JDSU -8% (Lucent warning); JNPR -5% (Lucent warning); NOK -4% (reduces revenue forecast); MSFT -3% (Goldman thinks company could lower guidance). LU warning also weighing on Comm IC names: BRCM (-4.4%), VTSS (-4.2%).. Other movers of note include CPHD (+7%), RHAT (+3.7%),QCOM (-5%), NXTL (-4.5%), INTC (-3%). 7:51AM Nokia to hold conference call at 8:00 AM (NOK) 23.50: -- Update -- Co will hold their mid-qtr conference call this morning at 8:00 AM ET, phone number: 888-636-1561. The replay will be available at 800-642-1687, Password: 3427520. 7:46AM Microsoft: cautious comments by Goldman Sachs (MSFT) 64.34: Goldman Sachs's Rick Sherlund believes that although the current qtr is probably on track, he expects the co's guidance for the next fiscal year to be conservative and maybe below the Street consensus of $2.03; this expectation is based on preliminary comments from the Dec qtr call, subsequent public comments, and mgmt's expectations of little if any improvement in PC demand and potentially higher R&D spending. finance.yahoo.com^SOXX+^IXIC&d=t Earnings warnings and accounting troubles are now taking a toll on the market. The market is going to need to consolidate lower over the next couple of weeks in my opinion. Still waiting for new long positions until then. RtS