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 : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2279)	8/12/2002 10:48:24 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Take this FWIW: Brokers offered mixed views on the chips. Lehman Bros. upped its rating on three analog semiconductor stocks to "overweight" from "underweight." The broker said it raised Analog Devices(ADI: news, chart, profile), Linear Technology (LLTC: news, chart, profile) and Maxim Integrated Products (MXIM: news, chart, profile) based on "expectations reset to achievable levels; reasonable valuations and belief that the second half will be stronger if seasonality and SIA data hold true to form." CS First Boston, however, lowered its earnings estimates across a bevy of the chip equipment makers. "Our new company estimates reflect our belief that the revenue cycle for the semiconductor equipment industry will be significantly muted compared to the 2000 cycle," CSFB said. "In 2000, semiconductor capex troughed at $28 billion and peaked at approximately $58 billion; we believe the current capex cycle is likely to trough at $28 billion and peak at between $38-42 billion in the 2004-05 timeframe; or approximately 60-70 percent of last cycles peak." CSFB said it sees capex in 2002 down 25 percent; for 2003, it sees 15 percent capex growth and for 2004, 20 percent growth.