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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36463)	3/16/2002 8:43:48 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68051

5:06AM CSFB cuts Electronics Manu 02 ests (SLR, JBL, SANM, PLXS, PMTR) by Emily Church CS First Boston overnight reduced its fiscal year estimates for a handful of electronics manufacturing services stocks, telling clients "given incrementally more negative expectations surrounding key EMS end-markets that have emerged during the quarter, we believe current expectations for later quarters in 2002 are too high." The broker reduced its 2002 estimates on Solectron (SLR), Jabil Circuit (JBL), Sanmina (SANM), Plexus (PLXS) and Pemstar (PMTR). CSFB cited worsening outlooks for wireless infrastructure, data networking and PC markets -- which make up 45 percent of EMS revenue. "Any rebound in these markets during 2002 is now likely to be muted, if not remote," analyst Kevin McCarthy said. (The analyst also cut PC maker revenue estimates -- see Pulse at 4:59 a.m. Eastern Thursday) 4:59AM CSFB cuts PC estimates on comm IT slump (CPQ, DELL, HWP, TECD) by Emily Church CS First Boston overnight trimmed revenue and earnings estimates for companies in the PC supply chain, calling commercial IT spending "a no-show." Analyst Kevin McCarthy said he now expects 2002 PC unit growth of 5 percent vs. earlier expectation for 10 percent growth. He lowered his full-year revenue estimates by 2.6 to as much as 6 percent for Compaq [c: cpq], Dell (DELL), Hewlett-Packard (HWP) and Tech Data (TECD). He lowered earnings per share for the group, except Compaq was left at 25 cents a share. "There is no evidence of a commercial pick-up with two weeks to go in the first quarter," the broker said. "Consumer PC sales have recently shown signs of cooling following a strong start to 2002."