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

To: Alastair McIntosh who wrote (5757)	9/30/2002 9:40:48 AM
From: Return to Sender	Respond to of 95536

From Briefing.com: Nasdaq tests six-year low at 1,177 8:57AM Teradyne shares likely to remain under pressure - Lehman (TER) 9.81: Lehman believes TER's shares are likely to remain under pressure in coming months as weaker than anticipated near-term order trends could lead to softer than expected Q4 guidance and 2003 growth. 8:54AM S&P futures vs fair value: -11.2. Nasdaq futures vs fair value: -12.0. Further losses have been tacked on to the pre-market indicators in recent trade. While lowered guidance, estimate cuts and sizeable declines overseas have weighed another potential negative development is related to the West Coast dock slowdown which degenerated over the weekend. If this situation persists is could disrupt ports and raise fears on an impact to the economy. The West Coast Waterfront Coalition represents major retailers, importers and manufacturers, including WMT, TGT, NKE and MAT. 8:45AM Motorola may swap with Siemens (MOT) 10.29: Crain's Chicago Business carried a report dated Saturday which claims that MOT is close to a deal to swap the bulk of its wireless network business for Siemen's (SI) cellular handset business. 8:45AM Nextel earnings suggest upside to stock -- Bernstein (NXTL) 7.30: Bernstein believes NXTL's normalized earnings for 2003 suggest significant further upside potential to the stock price as co is poised to deliver $0.69 per share or more of earnings. Firm has a $15 price target for NXTL. 8:32AM Income, Spending slightly weaker than expected : The income gain of 0.4% was quite close to the majority of estimates in the 0.4-0.5% range (some consensus estimates were at 0.4%). The spending increase of 0.3% was weaker than the 0.5% consensus, but does not change the fact that consumption will provide a substantial boost to GDP in Q3. This report is unlikely to have any market impact. 8:29AM Agilent downgraded at Soundview (A) 13.09: Soundview downgrades to NEUTRAL from Outperform following references to a lack of recovery at a number of diversified industrial tech co's; cuts 2002-03 ests and lowers price target to $15 from $21. 8:13AM General Electric estimates cut by Merrill Lynch (GE) 24.47: Merrill Lynch cuts ests to reflect their forecast for a slightly more sluggish economy near-term that should incrementally pressure the co's short cycle businesses, particularly Plastics and Capital; cuts 2002 est to $1.63 from $1.65 and 2003 to $1.70 from $1.78 (both slightly below consensus); while 2003 is shaping up to be a challenging year, firm cautions that 2004 could be even more challenging as the co faces its greatest headwinds at Power. (Note that this action follows downgrades by Lehman and CSFB on Friday.) 8:13AM WMT lowers Sept same-store sales guidance : -- Update -- Hearing that WMT is guiding Sept same-store sales to up 3-4%. Last week, WMT said it expected Sep sales 'near low end' of expected 4-6% range. Sees full yr of $1.76-$1.78 (Multex consensus $1.79). 8:04AM Personal Income seen +0.5%; Consumption also seen +0.5% : Personal Income and Consumption will be released at 8:30 ET; both are expected to rise 0.5% for August. Strong consumption has already been suggested by the Retail Sales report, while a healthy income gain was hinted at by the August employment report. 7:55AM Japan Aug chip equipment orders show slower growth : Reuters reports that orders for Japanese semi equipment rose 15.6% in August YoY to $491.1 mln, marking the lowest rate of growth in six months. 7:49AM Intel, Hewlett-Packard make huge bet on Itanium 2 chip - NYT (INTC) 14.62: The New York Times reports that Google's refusal to buy the new Itanium 2 chip is an ominous sign for INTC and HPQ, which jointly develop the chip; for INTC, Itanium's failure would be a setback in its heavily financed assault on the corporate computing world beyond the PC; for HPQ, the chip venture is even more important, since exploiting the Itanium opportunity was crucial to the thinking behind HPQ's $19 bln merger this year with Compaq. 6:50AM Extreme Networks guides below consensus (EXTR) 3.86: Co now expects to post a Q1 loss of $0.03-$0.04 a share (Multex consensus +$0.04) on revenues of approx. $100 mln (consensus $114.68 mln). finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+EXTR+HPQ+INTC+KLAC+LLTC+LSCC+LSI+MAT+MOT+MU+MXIM+NKE+NSM+NVLS+NXTL+TER+TGT+TXN+WMT+XLNX+^VIX+^IXIC&d=t RtS

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