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: willcousa who wrote (2968)	4/30/2002 9:52:54 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95487

Lots of Semiconductor news today. From Briefing.com: 9:40AM VSH Vishay upgraded at Merrill Lynch (21.10 +1.36) -- Update -- Merrill Lynch in a pre-open note upgrades to NEUTRAL from Reduce, saying that the co's better than expected Q1 results and a better Q2 outlook could put a floor on the stock in the near-term; however, firm thinks stock has "at best minimal upside potential." 09:03AM VSH Vishay tops consensus by a nickel (19.74) Reports Q1 earnings of $0.03 per share, $0.05 better than the Multex consensus. Revenues fell 22.3% to $434.1 mln vs the $401.1 mln consensus. VSH sees a 3-5% sequential increase in shipments. 8:41AM Cree reaffirms Q4 revenue growth target (CREE) 10.59: Reiterates Q4 revenuegrowth target of at least a 5% increase sequentially. "We believe we are on target as outlined in our third quarter conference call and are optimistic that the company will deliver on its goals." 8:01AM PRI Automation underperforms consensus (PRIA) 17.91: Reports Q2 loss of $0.27 per share, $0.02 worse than the Multex consensus. Revs fell 37.3% to $45.7 mln vs the $49.8 mln consensus. "We're beginning to see the signs of an industry recovery, as leading-edge customers are making 300mm technology buys, and companies that have been out of the market entirely for the last year are now discussing capacity buys," said Mitch Tyson, president and CEO of PRI Automation." 7:21AM Genesis Microchip upgraded at Pru (GNSS) 20.27: Prudential upgrades to BUY from Hold due to valuation and the expectation that the co can mitigate pricing pressures with new products and diversification into consumer electronics, which offers higher avg selling prices. Price target is $40. 7:12AM ESS Tech could suffer if DVD market slows down-- WSJ (ESST) 15.75: The Wall Street Journal says that while chip designer ESST is regaining favor with investors by focusing on DVD players, there are early signs that the fast growing market for DVDs is slowing down, which could cut short the co's resurgence. A slowdown in the DVD market could trigger a price war in chips and decimate profits much as the drop in PC sales did, and bears already see signs that the torrid pace of DVD sales is about to cool; also, bears note that ESST relies on a small number of co's for the majority of its sales. 7:01AM Micron Tech bid for Hynix rejected by board (MU) 26.45: Receives notice from the Hynix Semiconductor board of directors that it has decided not to accept the restructuring plan proposed by the Hynix Creditors' Council. As a result, the previously announced Memorandum of Understanding signed by Micron, Hynix and Hynix Creditors' Council representatives for the sale of Hynix's semiconductor memory operations to Micron did not become effective. 6:44AM Asian Markets : Nikkei -0.42%, Hang Seng +1.20% -- Asian stocks mixed. Tech exporters weighed on Japan, though Honda and Mizuho Holdings fared well. Hong Kong outperformed, while profit-taking in financial shares weighed on Taiwan. Korean shares closed modestly higher despite Hynix's rejection of the Micron deal. finance.yahoo.com