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

To: RMP who wrote (3322)	5/28/2002 5:44:17 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95574

Agreed Ron. They are systematically taking the fact that no technology company executive in their right mind would give guidance beyond this immediate quarter as an excuse to downgrade and sell off the sector. More from Briefing.com: 4:57PM Novellus Reaction : Prices vs 4 pm ET close -- NVLS -0.68, AMAT -0.41, KLAC -0.40 4:52PM Novellus updates guidance (NVLS) 46.67 +0.49: Hearing from traders citing Dow Jones that company sees current quarter earnings of $0.08 per share vs the current consensus estimate of $0.07 per share; sees Q2 revs of $220 mln; sees Q2 shipments $225 mln; company will not comment on Q3. 3:39PM Xilinx and Altera may see less-than-robust demand following Q2 : We are hearing trading floor talk that XLNX and ALTR may not see much meaningful end mkt demand once the inventory rebuild plays itself out in the current qtr; while CSCO may continue to be a solid customer for XLNX and ALTR, it is unlikely that other major customers will be able to maintain order levels. In addition, we are hearing chatter that XLNX may guide Q2 higher on June 3, but shares are expensive given the less-than-robust Q3 guidance expected; also, we are hearing ALTR's valuation seems rich as well given that the co will likely just maintain their guidance on June 5. 2:43PM Intel: cautious comments by Lehman (INTC) 28.05 -0.61: -- Update -- Dan Niles at Lehman believes that INTC will tighten their prior Q2 rev guidance of $6.4-$7.0 bln toward the lower end of that range during their June 6th update; says Q2 should be more backend-loaded than originally expected, as PC demand continues to be poor, 845G is hampered by lack of consumer and IT mgr recognition, and severe price cuts are still pressuring avg selling prices. Firm is cautious, saying the stock is expensive going into the summer. 12:57PM Intel Intraday (INTC) 27.91 -0.75: -- Update -- -- Technical -- Stock has broken below support at 28.00 though it is lifting somewhat off its worst levels of the session. From current levels, look for initial resistance at 28.00 followed by additional overhead at 28.35. On an intermediate-term basis, look for notable resistance at 29.40/29.50 which brackets its 50 and 200-day simple moving averages. To the downside, watch for initial support in the area of 27.20/27.25. finance.yahoo.com^SOXX+^IXIC+^VIX&d=t I had bought some SLAB long earlier today but immediately put in a limit order to sell when I saw the NVLS mid quarter update reaction after hours. Thankfully they took it and I made a small gain. Looks like we are heading lower. RtS