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To: Return to Sender who wrote (392)5/1/2002 10:34:12 AM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
Bot 1000 CMOS @ 19.75 DT

ISM numbers disappointing at 53.9 below expected number of 55. Looking for a bounce on the better guidance from CMOS today.

The April ISM Index fell to 53.9% from 55.6% in March; this is worse than the 55.0% consensus. Construction Spending fell 0.9% in March, much weaker than the -0.1 consensus and also wider than the Briefing.com forecast of a 0.5% decline. Market had been hopeful that yesterday's slightly bullish Consumer Confidence data would be followed by another positive economic report. Dow (-52) has tumbled about 30 pts on the news; Nasdaq (-33.8) has lost roughly 18 pts in the minutes since the reports were released.

CMOS Credence raises revenue growth outlook (20.24)
Semiconductor equipment company now expects to post a 10% sequential increase in Q2 revenues. CMOS had previously provided guidance of flat sequential growth for the qtr.