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

To: The Ox who wrote (5321)	9/6/2002 8:59:23 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95501

From Briefing.com: S&P futures vs fair value: +5.0. Nasdaq futures vs fair value: +15.0. The pre-market bias has improved on an August Employment Report that came in somewhat stronger than expected. While the unemployment rate came in under consensus expectations, payrolls rose 39K, very close to the 30K consensus. Merrill downgrades select analog semi names Merrill Lynch downgrades ADI, LLTC, and MXIM due to the diminishing likelihood of strong Q4 growth in the analog semi biz; cuts ADI to Near-Term NEUTRAL from Buy, LLTC to Near-Term REDUCE/SELL from Neutral, and MXIM to Near-Term REDUCE/SELL from Buy. 7:51AM Cymer estimates cut by Lehman (CYMI) 21.81: Lehman cuts Q4 and 2003 ests due to the potential for order weakness in 2H02 resulting from concerns over a potential slowdown in demand from leading OEM customers; CYMI will give their Q3 mid-qtr update next week, and firm expects co to possibly guide to low end of rev range of 5-10% QoQ growth. Cuts Q4 est to $0.17 from $0.20 and 2003 to $1.15 from $1.22 (both below consensus). 7:46AM Pre-Market Movers : Chip-related stocks bid higher on the back of INTC (+6.4%) mid-qtr update. Movers include AMAT +4%, MXIM +2.4%, LLTC +1.8%, NVLS +1.8%... LOW gains 2% on CSFB upgrade... Nasdaq Triple Qs up 1.35%. 7:36AM NVIDIA may delay new chip (NVDA) 9.06: Theinquirer.net says that Japanese web site PC Watch claims to have inside information that indicates NVDA will introduce its next graphics chip in Q1, missing the crucial Christmas selling season. 6:57AM Intel upped to Equal-Weight from Underweight at Lehman (INTC) 15.11: Lehman analyst Dan Niles upgrades to EQUAL-WEIGHT from Underweight following the mid-qtr update. Says revenue expectations and valuation (22x calendar yr 2003 earnings, 3.7x sales) are now more reasonable. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVDA+NVLS+TER+TXN+XLNX+^VIX+^IXIC&d=t RtS