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

To: Johnny Canuck who wrote (36757)	4/15/2002 10:37:10 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68048

07:41 ET Lehman, BofA cautious on semi capital equipment Lehman says that while the group appears to have turned, most chip co's are not yet prepared to make the large capacity driven equipment purchases that typically characterize a recovery; believes shares may retrench if there is seasonal summer weakness or if end mkts for electronics continue to recover at its current slow pace. Banc of America believes that the recovery in end mkts will be modest and/or uneven, yet valuations of the larger semi-equipment stocks suggest that the "best of all possible worlds" is ahead; macro trends and mkts upstream in the IT food chain raise serious doubts that the industry is returning to the growth patterns of the 90s. :55 ET ADTN ADTRAN beats by $0.01; top-line light (23.80) Posts Q1 net of $0.11 a share, $0.01 better than the Multex consensus, vs yr-ago EPS of $0.10. Sales declined 21% to $83.34 mln (consensus $87.13 mln).