Silicon Investor (SI) -- The First Internet Community

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: Kirk © who wrote (2599)	4/3/2002 11:53:01 AM
From: Return to Sender	Respond to of 95622

From Briefing.com: 10:40AM Pru raises price targets on select semi equipment stocks : Prudential raises their price targets on a number of Buy-rated semi equipment stocks: raises AMAT to $70 from $59, KLAC to $87 from $70, KLIC to $27 from $25, LRCX to $37 from $32, NVLS to $67 from $55, RTEC to $53 from $47, and TER to $48 from $41. 10:35AM Nasdaq Composite Intraday : -- Technical -- Index has edged under notable support at 1800. Look for subsequent downside support at 1791 followed by an additional floor at 1777/1782. To the upside watch for initial resistance at 1809/1812 followed by additional resistance at 1818/1822. 9:39AM Soundview comments on slowing PDA mkt : Soundview in a pre-open note says that a Dataquest report indicates that the worldwide handheld computer market is slowing down, with shipments of handheld devices in 2002 growing by 18%, down from Dataquest's prior est of 30% growth. Firm sees RIMM as "somewhat isolated" from this lowered growth est, unlike consumer co's like PALM and HAND. 9:16AM RF Micro Device: positive comments from Soundview (RFMD) 17.50: We are hearing from sources that Soundview is positive on RFMD; checks indicate increasing GaAs wafer orders and rising module assembly throughput in Taiwan, and firm believes co is gaining significant mkt share in handsets and should benefit from WLAN,PDAs, and Bluetooth; believes design wins and pipeline are better than ever in RFMD's history, and firm would buy stock at current level. 9:12AM Broadcom: CFRA note on company today (BRCM) 34.49: We're hearing that the Center for Financial Research and Analysis (CFRA) issued a note on Broadcom today; the primary accounting issue raised in the note is apparently a concern regarding a two-way transaction noted in BRCM's 10K in which BRCM invested $20 mln in a private company in Oct 2001 and will receive $10 mln in additional equity for providing services to that company. CFRA notes concerns both with the related party nature of the transaction and the recording of equity compensation as revenue. We would note, however, that $10 mln would represent roughly 1% of BRCM's sales. 8:18AM Intel expected to set more conservative Q2 rev target-- Merrill Lynch (INTC) 30.03: Merrill Lynch's Joe Osha says that it is now clear that the strength in INTC's biz earlier in the qtr has dissipated, as grey mkt prices for P4s have been declining for the last several weeks, which leads him to believe that OEMs are releasing unsold parts into the mkt; expects INTC to set the Q2 bar conservatively, with a rev target of flat to down 5%, but maintains his Q2 ests of a 3% sequential increase in rev and EPS of $0.15. 7:27AM Micron Tech downgraded at Morgan Stanley (MU) 32.40: Morgan Stanley downgrades to UNDERWEIGHT from Equal-Weight based on the belief that the stock is likely to be under pressure in the near-term. finance.yahoo.com On another note. Despite the downgrade of MU this morning the company has announced they are removing the hiring freeze and putting full benefits back in place for employees. That sounds like they are not expecting a double dip either. RtS