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: Donald Wennerstrom who wrote (4976)	8/21/2002 9:05:10 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95420

From Briefing.com: 7:46AM Lehman remains cautious on semi equipment : Following last night's semi book-to-bill report for July (see 18:08 comment), Lehman remains cautious on the prospects for semi equipment shares due to the belief that end market dynamics remain weak, consensus expectations for CY03 are too high, and valuations could come under further pressure near-term. 8:45AM Adobe Systems: cautious comments from Soundview (ADBE) 20.16: Soundview says their analysis of the July NPD retail data for ADBE yields a disappointing 3.7% growth rate, within the firm's est framework for the qtr but a marked decline from the previous three-month totals of 23.1%, 11.5%, and 15.2%; Photoshop revs were down sequentially for the third straight month, indicative of the co's position on the latter half of an upgrade slope; firm maintains Neutral rating until the stock comes in or there is reason to raise ests. 8:27AM Taiwan Semi rumor (TSM) 9.33: Bear Stearns Ripple Effect mentions a rumor in their morning note that NVDA may be looking to shift 0.13 micron orders from TSM to IBM; no further details were given. 8:03AM ChipPAC defended by Merrill Lynch (CHPC) 2.79: Merrill Lynch reiterates their Strong Buy rating and $6.50 price target on CHPC, saying that new customer momentum is not reflected in the current stock price, which is trading as if it were going out of business at 0.5x sales instead of gaining share with an improved balance sheet. 8:02AM AOL Time Warner to hold 9 AM conference call (AOL) 13.36: -- Update -- Co will hold a conference call at 9:00 AM ET to discuss the Time Warner Entertainment restructuring; dial-in: 888-955-8947, passcode: TWE, webcast: www.aoltimewarner.com/investors. 8:29AM S&P futures vs fair value: +8.0. Nasdaq futures vs fair value: +14.0. Bullish bias is still intact but the pre-market indicators have edged back off the best levels of the morning. Trade remains quiet with news limited but the pre-market action is encouraging as buyers have stepped up following modest losses yesterday. Treasury market under pressure amid Fed rhetoric and concerns of Mid-East sales of dollar denominated assets. 7:39AM AOL Time Warner formally announces restructuring of Time Warner partnership (AOL) 13.33: Under the agreement, for its 27.64% stake in Time Warner Entertainment, AT&T Broadband will receive $2.1 bln in cash, $1.5 bln in common stock of AOL, and a 21% equity interest in a new cable company serving about 10.8 mln subscribers. finance.yahoo.com^SOXX+ADBE+ALTR+AMAT+AMD+AOL+BRCM+CHPC+IBM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVDA+NVLS+TER+TSM+TXN+XLNX+^IXIC+^VIX&d=t