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

To: Return to Sender who wrote (3644)	6/24/2002 9:43:55 PM
From: Return to Sender	Respond to of 95561

From Briefing.com: 6:33PM Read-Rite warns for June quarter (RDRT) 1.10 -0.03: Sees loss of $0.45 vs Multex consensus of ($0.36), on revenues of $40 mln vs the $62.9 mln consensus; cites lower than expected shipments and more aggressive pricing. 4:18PM Quantum DLT warns for Q1 (DSS) 4.95 -0.15: Company expects Q1 revenue in the range of $200 million to $215 million vs the current Multex consensus estimate for revs of $245.8 million; also expects Q1 pro forma loss of $0.09 to $0.13 cents per share vs the current Multex consensus estimate for a net loss of $0.05 per share. 4:10PM Merix Corp beats by a penny, issues guidance (MERX) 13.54 -0.40: -- Update -- Reports Q4 pro forma loss of $0.24, $0.01 better than the Multex consensus; sales were $21.5 mln, vs the consensus of $21.2 mln. Co expects Q1 loss to be $0.24-$0.28 on sales of $21.5-$23.5 mln (consensus is a loss of $0.16 and sales of $24.3 mln), citing increased pricing pressure on orders for both quick-turn and volume production. 2:37PM Nasdaq Composite Intraday : -- Technical -- Index has reversed impressively off its intraday lows, currently trading 60 points off its worst levels of the session. From current levels, look for initial resistance at 1480/1484 followed by modest overhead at 1491 and additional resistance at 1497/1500. To the downside, watch for initial support at 1466 followed by a secondary floor at 1454/1457. 1:21PM Xilinx Intraday (XLNX) 24.46 +0.74: -- Technical -- Stock solidly higher on strong relative volume. Look for initial resistance at 24.50 followed by modest overhead at 24.75 and a more significant level at 25.75. The favorable intraday tone would be placed in question on a failure to hold very near-term support at 24.15. 11:48AM QLogic Intraday (QLGC) 40.00 -2.49: -- Technical -- Stock notably weak on the session as it tests support at 40.00. On failure at 40.00, look for subsequent support points at 39.35, 39.10 and 38.80. The intraday outlook would improve on a break back above very near-term resistance at 40.30. 11:06AM Broadcom Intraday (BRCM) 19.19 +0.17: -- Technical -- Holding modestly positive, despite broader market sell pressure. On a move higher, look for initial resistance at 19.45 followed by subsequent overhead at 19.70 and 20.00. To the downside, look for initial support at 19.10 followed by a subsequent floor at 18.88. 10:57AM Applied Materials Intraday (AMAT) 18.84 +0.08: -- Technical -- Stock demonstrating relative strength, trading in positive territory. From current levels, look for initial resistance at a congested area between 19.00/19.10 followed by subsequent overhead at 19.40. The intraday outlook would deteriorate on a failure to hold very near-term support at 18.60. finance.yahoo.com We may get some follow through to today's rally tomorrow. That is if we do not have any warnings, terrorists actions, world problems in the headlines, or economic reports that are not worse than expected. But it looks good after hours. We certainly are oversold after weeks of selling. Unfortunately MU reports after hours. No one is expecting a good report in my opinion. So have we had enough selling to really have put in a bottom? I sincerely doubt it. RtS