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

To: Johnny Canuck who wrote (36982)	5/10/2002 12:01:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69786

10:45 ET Merrill Lynch sees weak motherboard shipments Merrill Lynch just commented that May motherboard shipments will be up 5% instead of the previous expectation of nearly 10%; this Merrill comment is consistent with other recent indications of PC weakness, such as the plunge in DRAM prices this week noted in the 8:19 comment. 08:19 ET MU Micron could be hurt by 25% DRAM price drop (22.85) -- Update -- Bear Stearns' Ripple Effect notes that DRAM prices fell another 7.7% to $2.03 on Friday in Taiwan, bringing the week's total decline to 25%; notes that lack of PC OEM buyers and dumping of excess inventory have been weighing on prices. 07:46 ET WCOM WorldCom and MCI downgraded at Goldman sachs (2.01) Goldman Sachs downgrades WCOM and MCIT to MKT UNDERPERFORM from Mkt Perform, based on the belief that the current telecom environment is not getting better soon, and WCOM's debt downgrade to junk will both tighten its liquidity situation and make adding new customers more difficult. Sees probability of a WCOM recapitalization (which leaves no equity value) sometime over the next 12-18 months as relatively high. 07:41 ET MU Micron Tech estimates cut by Merrill Lynch (22.85) Merrill Lynch says that checks indicate MU is tracking towards a slight sequential decline in bit shipments; also, near-term picture for DRAM pricing looks tough, with inventory rebuilding and MU and Samsung preparing to inflict additional pricing pain on Hynix. Cuts May qtr est to $0.21 from $0.32 and August FY02 est to ($0.13) from $0.21. Reiterates Near-Term Strong Buy rating.