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

To: Gottfried who wrote (5359)	9/10/2002 6:14:50 PM
From: Return to Sender	Respond to of 95573

From Briefing.com: 5:55PM Tuesday After Hours price changes vs 4pm ET levels: Xilinx (XLNX 19.60 +0.44), a provider of programmable logic solutions, reaffirmed the Q2 revenue guidance it provided in July, saying it sees revenues in the range of $270-$280 mln (Multex consensus $274.6 mln). Gross margins, meanwhile, are expected to be between 58-60%; related stocks include ALTR, LSCC, TXN, and LSI... 5:34PM Reminder: NYSE open delayed on Sept 11 : The New York Stock Exchange will open for trading 30 minutes after the conclusion of the memorial service being held at the World Trade Center site, but not before 11 ET. Should the event last longer than its anticipated 10:29 a.m. conclusion, the NYSE will delay its opening beyond 11 a.m. The Exchange will announce the exact timing of the opening bell following conclusion of the memorial service... The NASDAQ Stock Market will open at 11 a.m. 4:57PM Xilinx reiterates Q2 revenue targets (XLNX) 19.16 +0.77: Sees Q2 revs in the range of $270-$280 mln vs the current Multex consensus estimate of $274.6 mln; sees gross margins ranging from 58-60%. 3:35PM Intel (INTC) 16.31 +0.23: INTC's Developer Forum (00C) began yesterday and offered little incremental information although mgmt did confirm it will be presenting a 3Ghz P4 desktop chip later this year and demonstrated its Madison chip, the 3rd in its IA-64 family. INTC also plans to have Hyper Threading available on all speeds at or above 3GHz begining Q4. Analysts retain their cautious opinions following co's mid-qtr update last Thurs: SG Cowen maintains their Mkt Perform rating on their cautious outlook for the rest of the year. Merrill Lynch remains concerned over INTC's ability to generate generous gross margins in 2003 and reiterates their Neutral rating. 3:02PM Equities advance as shorts fear relief rally : Equities helped by cleaning up of positions by short-sellers. Investors may remember that market experienced a rather sizeble relief rally after Independence Day passed without incident. On July 5, Dow soared 325 pts and the Nasdaq raced 68 pts higher - and that was just a half-day. 1:49PM NVIDIA raises Q4 wafer orders (NVDA) 10.70 +1.45: -- Update -- Dow Jones is reporting that NVDA raised wafer orders for Q4. (Could be confirmation of the rumor posted at 10:53, but we have no details to substantiate that yet.) 1:10PM Novellus: cautious comments from BofA (NVLS) 24.98 +1.32: Banc of America believes that NVLS's fundamentals have continued to weaken over the last several weeks, and that the co will lay off 7-10% of the workforce in the near future; however, firm believes that mgmt is strongly committed to staying profitable. 11:12AM Sector Watch: Semiconductor : Sector index (SOX +4.6%) stages early trading range breakout with follow through lifting the index to resistance in the 303/304 area. Currently slipping back amid mild profit taking but while intraday support at 298/296 holds it will remain positioned for further upticks near term. Next resistance is at 310 (38% retrace Aug/Sep slide, 20 day ema). Takes a slide back through recent range top (292) to inflict short term chart damage. Resistance for the Semi HOLDRs is at 24.75 with supports at 24.1 and 23.90. 10:53AM NVIDIA rallies on TSM rumor (NVDA) 10.87 +1.62: -- Update -- Stock makes impressive advance in the face of warning by primary competitor ATYT (+4.4%), which has also now turned positive. Trading floors attributing ability to shake off ATYT warning to rumor that NVDA has placed a meaningful order with foundry Taiwan Semi and short-covering. 10:37AM Nasdaq Composite Intraday : -- Technical -- Impressive push in the semi sector (SOX +4.8%) helps push the Nasdaq Comp to resistance in the 1318/1320 area (38% retrace of Aug/Sep slide and 20 day ema). A solid secondary resistance zone comes into play thereafter in the 1330/1339 area (50 day sma, congestion, 50% retrace). Intraday supports are at 1310 and 1305/1303. 9:52AM Asyst (ASYT) 8.69 +0.11: This provider of automation systems is trading slightly higher after USB Piper Jaffray initiated with Outperform and price target of $10. Firm notes that automation is expected to be one of fastest growing sectors within broader semiconductor equipment industry, and believes co can generate growth ahead of the automation sector over next 3-5 years due to strong relationships with fast-growing foundries and its leading position within rapidly expanding AMHS sector of the automation market; forecasts a 3-5 year revenue growth rate for Asyst of 25%; near-term, fundamental environment will remain challenging as customers look to conserve capital until semiconductor device end market conditions improve. 9:22AM Intersil initiated with Hold at Needham (ISIL) 17.71: Needham initiates with a Hold rating based on the belief that ISIL's share price will be "significantly influenced by sentiment" as a result of the impact of a decelerating wireless LAN mkt. Ests are $0.68 for 2002 (in-line with consensus) and $0.90 for 2003 (below consensus of $1.01). 9:13AM Motorola increases share in China at expense of Siemens, Samsung (MOT) 12.57: Bloomberg.com reports that a recent survey of the Chinese mobile phone mkt indicates that as of the end of June, MOT increased their mkt share by 1-2 points to about 33% of the mkt, NOK was flat at around 25%, SI dropped 4 points to 8% of the mkt, Samsung fell 2 points to 6%, and TCL Corp was the first Chinese co to make the list at about 5% of the mkt. 8:26AM TTM Tech upgraded at Thomas Weisel (TTMI) 3.08: Thomas Weisel upgrades to ATTRACTIVE from Mkt Perform, citing an improving competitive position and strong balance sheet; cuts FY02 est to ($0.02) from breakeven. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+ASYT+BRCM+INTC+ISIL+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVDA+NVLS+TER+TTMI+TXN+XLNX+^VIX+^IXIC&d=t

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