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

To: orkrious who wrote (2829)	4/18/2002 9:02:33 AM
From: The Ox	Respond to of 95451

Cypress' Q1 loss narrower than expected --8:22am - By Julie Rannazzisi San Jose, Ca.-based Cypress Semiconductor (CY) announced a first-quarter pro forma net loss of $12.6 million, or 10 cents a share, vs. year-ago first quarter pro forma net income of $32.7 million, or 25 cents a share. The loss was narrower than the 13 cents that had been expected by Wall Street. Including acquisition-related costs, restructuring or non-recurring charges and credits, the chip company posted a net loss of $39.8 million for the first quarter, or 33 cents a share. Cypress said its results strengthened its belief that the third quarter last year was the bottom of the recent downturn and said the company expected to grow and improve earnings sequentially. Revenue for quarter was $193.2 million, down 26 percent from year-ago revenue of $262.3 million. While visibility continues to be limited, Cypress said it's seeing positive signs of business improvement and noted that the data communications market is beginning to improve after one year of dormancy and that the consumer market continues to be strong. Cypress said it's therefore "growing mildly" even though its largest market segment, data communications, is only starting to recover. Shares closed Wednesday off 0.1 percent Kulicke & Soffa posts Q1 loss --8:04am - By Julie Rannazzisi Willow Grove, Pa.-based Kulicke & Soffa Industries [: klic] reported fiscal second quarter net loss of $43.6 million, or 89 cents a share, vs. a loss of $11.7 million, or 24 cents a share, in the second quarter of fiscal 2001. The results included charges of $29.5 million, comprised of, among others, an inventory write-off of $13.3 million. Thomson Financial/First Call had expected a loss of 29 cents a share, excluding goodwill. Revenue totaled $106.9 million compared with revenue of $149.4 million in the year-ago period. Net bookings for the fiscal second quarter were up 27 percent sequentially. "The worst of this severe business cycle appears to be behind us, with recent business activity being markedly robust. Recent ordering patterns have been quite encouraging leading us to be more optimistic about a cyclical recovery," commented C. Scott Kulicke, chairman and chief executive officer, in a release. The supplier of semiconductor equipment said it expected revenue to come in a range of $130 to $140 million for the quarter ending June 30. Shares edged up 0.2 percent on Wednesday.

To: orkrious who wrote (2829)	4/18/2002 10:38:23 AM
From: Cary Salsberg	Respond to of 95451

NVLS and WSJ 1. NVLS CEO has been the most candid and accurate of the CEOs of the major semi-equips; I believe he is telling the honest truth. 2. NVLS has a long track record of superior performance in general and particularly during down periods. It stems from their technology leadership positions. 3. NVLS stock is very highly valued so it is expected that the CEO will sell. After all, he is smart enough to be CEO. 4. The only time most of those analysts can "tell a crook when they see one" is when they are looking in the mirror.