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

To: Gottfried who wrote (3789)	7/2/2002 8:48:13 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95572

From Briefing.com: 7:59AM Dell Computer sales estimate trimmed at Merrill Lynch (DELL) 25.16: Merrill Lynch says that in light of the continuing weakness in global IT spending, they are reducing their 2002 worldwide PC unit growth forecast to +2.5% from +10.5%, implying a decline in industy rev of 6.7% for the year; based on this, firm cuts DELL's FY03 rev est to $34.2 bln from $35.0 bln. 7:54AM Cisco Systems, Extreme Networks estimates cut by Solly (CSCO) 13.09: -- Update -- Salomon Smith Barney says that field checks indicate a premature flattening of demand into late June, when it should have been accelerating into the seasonally stronger month; believes soft conditions in the U.S. suggests results will come in at the low-end of CSCO's guidance suggesting a 1% rev increase and barely a 1.05 Book-To-Bill. Cuts CSCO's FY03 rev est to $20.8 bln from $21.4 bln, and cuts EXTR's FY03 rev est to $504.5 mln from $523.8 mln. 7:40AM Morgan Stanley cuts estimates for semi equipment co's : Morgan Stanley cuts semi capex forecasts for 2002 to -20% from -15% and for 2003 to +20% from +30%, saying they believe that the recovery is still underway but that consensus numbers suggest unrealistic growth; cuts price targets and/or estimates for AMAT, CYMI, AEIS, ACLS, DPMI, KLAC, KLIC, LRCX, LTXX, NVLS, PLAB, TER, VSEA, CMOS, EGLS, and MTSN. finance.yahoo.com RtS