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

To: Donald Wennerstrom who wrote (2693)4/10/2002 9:15:09 PM
From: Return to Sender  Read Replies (1) | Respond to of 95530
 
More from Briefing.com: 7:40PM EMCORE ups Q2 revenue guidance, announces restructuring (EMKR) 9.19 -0.48: Company issues upside preannouncement for Q2 (Mar), expecting revenues to exceed the 15%-20% sequential quarterly growth previously projected, which translates to exceeding $22-23 mln (consensus $21.2 mln); also announced restructuring of its operations and further implementation of on-going cost reduction initiatives; expects to record restructuring charge of $33-38 mln in Q2 associated with workforce reductions and other write-downs; will also take $12-15 mln charge to write off excess and obsolete inventory and doubtful accounts.

6:43PM Transmeta names President/CEO (TMTA) 2.60 +0.07: Company names Matthew Perry, Ph.D. to posts of president and chief executive officer and member of board of directors, succeeding Murray Goldman as CEO and Hugh Barnes as president.

6:01PM Numerical Tech issues in line Q2, Y02 guidance (NMTC) 12.45 +1.40: Company issues guidance for Q2 (Jun), expecting EPS of $0.05 vs consensus of $0.05, and revenues of approximately $14 mln (consensus $14.25 mln). For FY02 (Dec), expects EPS of $0.22 and revs of approximately $60 mln (consensus $0.22 and $60 mln).

5:32PM Rambus to drop pro-forma reporting (RMBS) 7.50 +0.37: -- Update -- On call, company says it will no longer use pro-forma reporting. Management reminds investors that its accounting has been very conservative especially on timing of revenue recognition....stock at 7.80.

5:13PM Rambus (RMBS) 7.50 +0.37: -- Update -- On conference call, company says it expects Q3 (Jun) revenue and EPS of "similar to this quarter" (which was $23.5 mln) and $0.06 vs Multex consensus of $23 mln and $0.04, respectively.....stock at 7.94.

4:14PM Rambus tops Q2 earnings estimate (RMBS) 7.47 +0.34: -- Update -- Co reports Q2 EPS of $0.07, $0.02 better than the Multex consensus; revs came in at $23.5 mln, in line with consensus.

4:11PM Numerical Tech reports in line Q4 (NMTC) 12.98 +1.93 : Co reports Q1 EPS of $0.04 and revs of $13.1 mln, both in line with consensus.

3:07PM QLT Inc falls through 10/2 one-yr low (QLTI) 13.75 -0.55:

2:50PM NVIDIA : Merrill Lynch to discuss Xbox impact : Hearing that Merrill Lynch will host a conference today at 3 ET to discuss the potential impact Xbox could have on NVDA.

2:42PM Solly Technical downgrades : Salomon Smith Barney technical downgrades: KLAC and AMAT (1 to 3); QLGC (3 to 4); SEBL (3 to 4).

1:56PM National Semi reiterates Q4 sales guidance (NSM) 32.33 +0.81: Dow Jones is reporting that NSM is reiterating their Q4 sales guidance of $390-$405 mln; the co also said gross margins for Q4 are expected to improve over Q3's 36.1% and should fall within the range of 38-40%.

11:49AM NVIDIA Corp: Investors flee as Xbox slows (NVDA) 38.15 -2.61: -- Update -- Momentum driven stock being upended by talk of slowing Xbox sales. As reported at 09:27, SoundView believes that domestic Xbox sales may not be making up for slow launches in Europe and Japan, and that Xbox price cuts are increasingly likely.

9:09AM Benchmark Elec prices 3.75 mln follow-on at $27 (BHE) 27.25:

8:20AM Integrated Device initiated at Sell by Fulcrum (IDTI) 30.56: Fulcrum initiates coverage with a SELL rating and a $24 target; believes end markets remain weak and does not expect a recovery until late 2002 at best, and more likely early 2003; also sees possibility that inventories in the channel could continue to inhibit fab utilization rates for another quarter.

11:21AM Virage Logic (VIRL) 15.09 +0.46: Stock is on the rise today (+3.1%) following Adams Harkness initiation of coverage with a Buy rating and price target of $24. Firm finds VIRL's business model highly attractive, with gross margins in excess of 80% and a growing amount of royalty revenue from both fabless semiconductor suppliers and IDMs. Firm thinks company is capable of 35% annual revenue growth, on average. At 6.1x CY02 revenue estimate of $49 mln, VIRL's valuation is considerably lower than peer average, and firm believes valuation will expand as dynamics of business model become evident.

finance.yahoo.com^SOXX+^IXIC&d=t

Very positive notes after hours at Briefing.com. Nice to see the following:

Stocks positioned for a near-term bounce include Broadcom (BRCM), PMC-Sierra (PMCS), Micron (MU), Applied Materials (AMAT), Brocade (BRCD), BEA Systems (BEAS), Oracle (ORCL), Ciena (CIEN), Corning (GLW), Microsoft (MSFT), Nvidia (NVDA), IBM (IBM) and Network Appliance (NTAP).

RtS


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