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

To: The Ox who wrote (5491)	9/19/2002 11:24:06 PM
From: The Ox	Respond to of 95432

LSI annual report in PDF format: (Note page 7 - fairly extensive product list) lsilogic.com XLNX background in PDF format: xilinx.com OR 70 page annual report in PDF format media.corporate-ir.net Facts sheet: media.corporate-ir.net

To: The Ox who wrote (5491)	9/20/2002 9:01:03 AM
From: Return to Sender	Respond to of 95432

From Briefing.con: MU Micron estimates cut at Bear Stearns (15.28) Bear Stearns cuts ests for MU in advance of their Sept 24 earnings release based on evidence indicating it is unlikely that DRAM bit demand will rebound for at least the next 2 qtrs; cuts Q4 est to ($0.21) from ($0.20), FY03 to ($0.02) from $0.26, and FY04 to $1.82 from $2.85 (all well below consensus). QCOM Qualcomm: CIBC skeptical on handset forecast, sees inventory correction (25.72) -- Update -- CIBC says they continue to be extremely skeptical regarding QCOM's 2002 forecast for CDMA handsets of 80-85 mln (firm still sees 64 mln), and believes that there is a strong potential for significant inventory builds of CDMA chipsets; firm believes co will eventually will face a significant inventory correction, as handset sell through and chipset sales come into balance. TXN Texas Instruments downgrade details (17.03) -- Update -- As mentioned at 7:39, Salomon Smith Barney downgrades TXN to In-Line from Outperform based on expectations of slowing unit growth in semis, continuing weak demand in PC segment, and a seasonal peak in wireless component sales in Q4; cuts 2003 rev/EPS ests to $9.6 bln/$0.60 from $10.1 bln/$0.75, cuts 2004 EPS est to $0.95 from $1.25 (both years are well below consensus), and cuts price target to $15 from $30. 7:54AM Qualcomm: analysts express skepticism (QCOM) 25.72: Stock already giving back some gains at 27.50 from 28.30 earlier; as we noted in our earlier opening indications comment, the upward chip guidance from QCOM is being viewed somewhat skeptically - many analysts are noting that the key will be the sell-through of the new handsets, and that there is a possibility of an inventory build-up later this year and early next. 7:39AM Texas Instruments downgraded at Solly (TXN) 17.03: Salomon Smith Barney downgrades to In-Line from Outperform and cuts price target to $15 from $30. 7:31AM Infineon sees no recovery next two qtrs (IFX) 7.52: Dow Jones reported last night that Infineon's CEO said the company's order book does not point to a recovery for at least the next two quarters, and there is no visibility beyond that. 7:27AM S&P futures vs fair value: +2.2. Nasdaq futures vs fair value: +12.0. Seeing a positive tone in the pre-market due to QCOM's upward chip guidance, which has boosted that stock 2.5 pts; there are nevertheless some reasons to question the market's strength - some analysts feel that QCOM's increased chip shipments will only lead to higher inventories, and the market is currently overlooking continued bad news from Japan, where a bond auction failed last night due to weak demand, sending the Nikkei and the yen lower. 6:59AM Palm searches for new funding - WSJ (PALM) 0.69: The Wall Street Journal reports that PALM has been quietly negotiating with strategic partners such as Sony to inject a round of private financing, targeted to be $50-$60 mln, into its PalmSource software unit; after raising the money, PALM will be closer to completing a plan to spin off PalmSource as a separate entity. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+IFX+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+PALM+QCOM+TER+TXN+XLNX+^VIX+^IXIC&d=t Thanks again for all the informative posts. RtS