Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alastair McIntosh who wrote (4398)	7/29/2002 9:30:39 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95520

From Briefing.com: 8:36AM S&P futures vs fair value: +16.1. Nasdaq futures vs fair value: +18.0. The pre-market indicators continue to suggest a strong start to the week as the momentum generated by last week's bounce travels the globe. (UK +2.5%, France +3.5%, Germany +3.8%). The Nasdaq 100 PMI is up 18.29 points. 8:09AM Qwest could face bankruptcy -- CIBC (Q) 1.50: -- Update -- CIBC World Mkts comments on Qwest announcement that it will restate numbers, and not file its 10-Q on time or testify to the accuracy of financial statements by the 8/14 guideline; CIBC believes co could possibly go bankrupt, which firm thinks would be a positive for the sector. 7:31AM Veeco Instruments beats by $0.02; updates Q3 outlook (VECO) 12.69: Reports Q2 earnings of $0.02 per share, $0.02 better than the Multex consensus. Sales fell 31% year/year to $77.3 mln vs the $78.8 mln consensus. Projects Q3 net of $0.02-$0.04 on sales of $75-$80 mln (consensus $0.03/$82 mln). 7:16AM Level 3 dealt potential setback in bid for Williams-- WSJ (LVLT) 5.77: The Wall Street Journal reports that Williams Communications and its largest creditors agreed to a restructuring plan that calls for Leucadia National to pay $330 mln for a 45% equity stake, dealing a potential setback to a competing takeover bid from LVLT. 7:16AM BellSouth adjust free cash flow to reflect debenture redemption (BLS) 23.32: Reports that free cash flow totaled $1.1 bln in Q2 and $2.2 bln yr-to-date vs previously announced free cash flow of $1.4 bln and $2.4 bln. The difference is due to co's previously announced redemption of $250 mln of debentures on July 1. 7:05AM Qwest will restate results; withdraws guidance (Q) 1.50: Discloses that it has in some cases applied its accounting policies incorrectly with respect to certain optical capacity asset sale transactions in 1999, 2000 and 2001. Q has also determined that in a limited number of transactions it did not properly account for certain expenses incurred for services from telecommunications providers in 2000 and 2001. Q is withdrawing its financial guidance for the full year 2002 as mgmt reassesses the impact of continuing weakness in the telecommunications sector and the regional economy. finance.yahoo.com RtS