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

To: Donald Wennerstrom who wrote (5401)	9/16/2002 7:15:51 PM
From: LemonHead	Read Replies (1) \| Respond to of 95396

6:36pm 09/16/02 IRAQ UNCONDITIONALLY ACCEPTS WEAPONS INSPECTORS RETURN As the swords rattle! Keith www2.marketwatch.com

To: Donald Wennerstrom who wrote (5401)	9/16/2002 7:20:14 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95396

The table below lists "net income" by year. Same caveats apply as last table. NET INCOME BY YEAR IN MILLIONS SUM LATEST 2ND YR 3RD YR 4TH YR 5TH YR 5 YR SYMBOL F YEAR BACK BACK BACK BACK TOTAL AMAT* 508 2064 748 278 499 4097 ASML -470 376 56 61 147 170 ASYT -149 27 10 -27 15 -124 ATMI -10 44 11 4 6 55 BRKS -30 15 -10 -23 -4 -52 CMOS -99 121 5 -26 11 12 COHU -7 34 26 12 29 94 CYMI 9 64 9 3 26 111 DPMI 15 26 17 34 59 151 EGLS -58 40 6 -32 -16 -60 FSII -21 -5 -31 -22 5 -74 HELX -6 46 16 -2 26 80 KLAC* 216 67 254 39 134 710 KLIC -65 103 -17 -5 38 54 LRCX -90 52 205 -113 -145 -91 LTXX 21 79 0 -78 -16 6 MTSN -337 2 -1 -22 1 -357 NANO 1 11 3 2 6 23 NVLS* 145 149 69 53 -96 320 PHTN -13 14 3 -1 -3 0 PLAB -4 10 14 27 31 78 SFAM -94 -135 -14 -140 -29 -412 SMTL 26 24 -7 5 13 61 TER* -202 454 192 102 128 674 TGAL -9 1 -13 -15 -6 -42 UTEK -18 -9 -4 -58 18 -71 VECO 10 -18 22 14 24 52 WFR -518 -43 -152 -316 -5 -1034 TOTALS -1249 3613 1417 -246 896 4431 * Component of 17 stock SOX-X Index

To: Donald Wennerstrom who wrote (5401)	9/17/2002 8:55:39 AM
From: Return to Sender	Respond to of 95396

From Briefing.com: S&P futures vs fair value: +15.4. Nasdaq futures vs fair value: +22.5. Equity futures holding steady, still pointing to a very strong open on the Iraq offer to allow inspectors unconditionally. Expect oil and defense stocks to be weak... It's a light earnings calendar this morning, but all have met or exceeded consensus including retailers BBY and PIR. Oracle (ORCL 9.28) will be worth watching ahead of its report tonight. 08:30 ET ORCL Oracle estimates slashed at UBS (9.28) UBS Warburg slashes FY03-04 ests ahead of tonight's earnings report; believes that the co's US non-govt biz continued to struggle, Europe and Asia were likely a little weaker than expected, and expects cautious comments out of mgmt about forward guidance; recommends avoiding the stock ahead of the call as ests will likely come down afterwards; cuts FY03 to $0.36 from $0.40 and FY04 to $0.39 from $0.47 (below consensus of $0.42 and $0.48). 08:28 ET SMSC Standard Micro beats by $0.02; guides below consensus (16.97) Posts Q2 net income of $0.02 a share, $0.02 better than the Multex consensus. Revs rose 26% to $38.3 mln (consensus $38.39 mln). For Q3, co sees EPS of -$0.01 to $0.01 (consensus $0.05). Sees full yr EPS in line with previous guidance of $0.08-$0.12 (consensus $0.10); SMSC trims full yr rev forecast. 08:08 ET IBM IBM estimates cut by Solly; does not expect pre-announcement (72.32) -- Update -- Salomon Smith Barney reduces Q3 earnings est to $0.99 from $1.02 (Multex consensus $0.99). Firm reduces its Q3 rev est to $19.6 bln from $20.4 bln (or $300 mln below consensus). While firm sees potential for revenue shortfall, Solly views a negative EPS pre-announcement as unlikely. Firm remains comfortable with Q3 EPS consensus based on headcount reductions and cost cutting initiatives. Solly reducing its 2003 rev est to $81.4 bln from $84.4 bln (consensus $85.3 bln) based on a slightly more bearish view of worldwide IT spending growth. Expects EPS to be shielded by cost-cutting. 7:44AM Dollar rallies to 12-week high on Iraq news : The Dollar surges to a 12-week high against other major currencies as Iraq agreed to readmit U.N. weapons inspectors. This news is also supporting stock futures. It's possible that the Dollar is trying to really decouple itself from weak equities much the way corporate bond spreads have recently. 7:37AM Bond Market Briefing : Treasuries underwater this morning (10-yr -9/32, yield 3.948%) on news that UN inspectors will be allowed to return to Iraq. Needless to say, this has taken some of the flight to quality out of the market. However, there is reason to be skeptical of this being an absolute answer. The US has indicated that this was an expected response and that it is not all it is cracked up to be, however 2 members of the UN security council -- China and Russia -- seem to think that this leaves alternatives other than war. This also likely threatens British PM Blair's marginal support from the Labour Party. 7:34AM S&P futures vs fair value: +13.5. Nasdaq futures vs fair value: +18.0. Saddam Hussein decision to allow the return of weapons inspectors ignites global equity rally (Japan +3.3%, Hong Kong +2.1%, U.K +1.9%, Germany +2.5%)... Struggling semiconductor sector inspired by MCHP positive earnings guidance... Drug wholesalers expected to be left out of rally after DKWD drops major warning on the sector. 7:34AM IBM and Intel team up in blade server deal (IBM) 72.32: 7:31AM AOL Time Warner: several directors seek to oust Case (AOL) 12.67: -- Update -- The New York Times reports that several directors of AOL are seeking to oust Chairman Stephen Case, according to three people close to the board; directors may seek Case's removal as early as a board meeting in New York on Thursday, but he is resisting their challenge and will probably have enough support to forestall an open challenge at the meeting. 7:22AM Yahoo! strategy raises questions - WSJ (YHOO) 10.18: The Wall Street Journal reports that some investors and analysts have been rethinking prospects for YHOO following AOL's lowered forecast for their online unit; in addition, stock has been hurt by the recent sale of about 41 mln YHOO shares by Softbank, its largest outside shareholder, as well as worries that the co's initiatives to move away from its dependence on advertising may be lagging expectations. 7:10AM Iraq agrees to return of UN weapons inspectors : The Wall Street Journal reports that Iraq has agreed to the return of United Nations weapons inspectors "without conditions", although it called for discussions on the "practical arrangement necessary" for resuming inspections; the U.S. and its allies are likely to press for as intrusive an inspection regime as possible, one that Iraq may not be willing to accept. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+AOL+BBY+BRCM+IBM+INTC+KLAC+LLTC+LSCC+LSI+MCHP+MOT+MU+MXIM+NSM+NVLS+ORCL+PIR+SMSC+TER+TXN+XLNX+YHOO+^IXIC+^VIX&d=t RtS