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

To: Return to Sender who wrote (3506)	6/12/2002 5:31:50 PM
From: Return to Sender	Respond to of 95572

4:42PM Microchip bids up on guidance (MCHP) 28.57 +0.99: -- Update -- MCHP +1.18 vs the 4 pm ET close to 29.75. 4:36PM Microchip guides higher (MCHP) 28.57 +0.99: Sees Q1 earnings of $0.15 per share vs the current Multex consensus estimate of $0.14 per share; sees Q1 sales up 14% year-over-year and 7.0-7.5% sequentially -- prior guidance had been for sequential revenue growth of 6%. 3:41PM Market presses higher on the back of Microsoft : Equities staging an impressive move as the close of trading approaches. As with each of the significant intraday recoveries the market has put together in recent weeks, there is a once again a rumor said to be responsible for the move. Bin Laden -- not this time; nor an India/Pakistan accord. Today's speculation is that Microsoft (MSFT +5.7%) will preannounce to the upside. 1:33PM Nasdaq Composite Intraday : -- Technical -- Index has reversed impressively off its intraday low at 1474 -- total volume traded is strong. From current levels, look for previously identified resistance at 1511 (see 10:37 ET comment) which now marks today's intraday high. On a break higher, look for subsequent overhead at 1520 and 1528. To the downside, watch for initial support at 1497/1500 followed by a secondary floor at 1486. 1:13PM SOX +2.8% leads Nasdaq back into positive territory : As noted this morning (09:45 comment), Semiconductor Equipment stocks providing leadership in the group this morning: TER (+4.4%), AMAT (+3.2%), KLAC (+2.2%)... Microsoft (MSFT) also demonstrating relative strength today. Intraday trading action suggests that shorts scrambling to bring in positions after successfully piling onto weak stocks for several days. 1:08PM Applied Materials Intraday (AMAT) 20.20 +0.61: -- Technical -- Trading solidly positive and towards its best levels of the session. Currently testing resistance at 20.20, look for subsequent overhead at 20.50 and 20.90. The favorable intraday outlook deteriorates on a break below intraday support at 20.00. 11:52AM ARM Holdings removed from Britain's FTSE 100 index (ARMHY) 7.15 -0.45: The Times of London reports that ARMHY (along with two other British co's) was removed from the prestigious FTSE 100 index last night; article says the shares have fallen so far in the past three months that they no longer merit a place in the index. 11:42AM Broadcom Intraday (BRCM) 19.15 -0.65: -- Technical -- Stock breaking to its worst levels in seven months. Currently situated for a possible retest of its October low at 18.77. Notethat the negative intraday outlook would improve if the stock could reclaim ground above very near-term resistance at 19.50. 11:42AM Fairchild Semi now #1 in power transistors (FCS) 24.75 +0.20: Announces it has captured the #1 worldwide mkt position in power transistors, as reported by Gartner Dataquest; FCS increased its 2001 power transistor revs by more than 42%, allowing the co to leap in the Gartner rankings from 9th largest supplier to the top global vendor in a single year; co now holds 10.2% of the $5.6 bln global power transistor mkt. (In addition to the press release, co says it made this announcement at the Bear Stearns conference.) finance.yahoo.com^SOXX+^IXIC+^VIX+^TIC.O&d=t RtS