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

To: Return to Sender who wrote (3934)	7/9/2002 11:26:04 PM
From: Return to Sender	Respond to of 95471

More from Briefing.com: 3:49PM Semiconductor HOLDRs Intraday : -- Technical -- Despite being under pressure throughout the day, the semi sector has held up relatively well while the market averages have faltered. However, the semi HOLDRs (SMH at 28.77) has failed at a short term ceiling with signs of mounting pressure. Without a rebound through the 29.05 area it will remain vulnerable. Intraday support at 28.63 with today's low at 28.57. Next supports if a break is seen over the near term are at 28.20 and 28. 2:53PM Micron: positive comments from Lehman (MU) 21.71 +0.11: Lehman's Dan Niles says that MU was relatively upbeat at their London analyst meeting, saying inventories have now declined to the lower end of a 4-6 week range and pricing is in a range of $2.50-$3.00; Micron is also seeing their OEMs starting to use greater memory configurations as a selling feature again, and as such contracts have some potential to move higher; also, capex is expected to increase to roughly $1.4 bln in FY03 within a prior range of $1.0-$1.5 bln. Reiterates Strong Buy rating and $25 price target. 2:43PM Nasdaq Composite probing support again : -- Technical -- Index bounced near support highlighted this morning (see 10:22 comment) at 1394 but was unable to sustain a break of 1414 with a fractional new session low recently established. Follow through declines minimal thus far but without a recovery through 1400 and 1410 it is expected to stay on the defensive. Next support is at 1380 (62% of recovery rally and bottom of July 05 gap) 2:37PM Morgan Stanley issues positive note on DRAM : Morgan Stanley says that their weekly DRAM update from dramexchange.com contained a number of positives beyond the recent sharp price increases: 1) DRAM inventories have declined to just one month's supply; 2) although not yet confirmed by motherboard manufacturers, dramexchange says that DRAM manufacturers are receiving more DRAM orders from PC OEM's; and 3) most DRAM manufacturers are considering 2H02 contract price increases 2:55PM Lattice Semi (LSCC) 8.70 +0.15: Stock has slumped 60% YTD on sector weakness, analyst downgrades, and delays to introduction of its own organic FPGA product line (LSCC acquired AGR.A's FPGA product line for $250 mln in mid-January 2002); CSFB turns more positive on co folllowing channel checks that indicate LSCC will introduce its long awaited FPGA product within next week. Firm anticipates the mkt will react positively to announcement but stipulates any meaningful revenue contribution is at minimum 12 months away ... expects LSCC will report results in-line with its prior guidance for June qtr revenues to be flat to slightly down. finance.yahoo.com RtS