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

To: zonder who wrote (7212)	11/27/2002 8:58:16 AM
From: Return to Sender	Respond to of 95520

From Briefing.com: CHRT Chartered Semi upgraded at Soundview (5.00) -- Update -- Soundview upgrades to Outperform from Neutral, saying that CHRT's deal with IBM (6:49) will provide CHRT with access to 300mm and 90nm capacity well ahead of CHRT's internal plans, and should sharply increase customer confidence in CHRT's process roadmap. Price target is $9. S&P futures vs fair value: +6.4. Nasdaq futures vs fair value: +16.0. Decent batch of economic data at 08:30 ET elicited a positive response in the futures market as Jobless Claims were lower than expected, indicating that the labor market, while not necessarily strong, seems to be headed in the right direction... Personal Income and Personal Spending reports were up 0.1% and 0.4%, largely in line with expectations and supportive of continued strength in the consumer 08:32 ET Oct Personal Income rises 0.1%, in line with consensus; Spending +0.4% vs +0.3% consensus 08:30 ET Jobless Claims -17K to 364K vs 383K consensus TQNT TriQuint Semi: CIBC skeptical about new Agere unit (7.04) Following TQNT's updated guidance, CIBC says they are skeptical about the co's ability to win back lost customers at their AGR.A unit and grow AGR.A revs at 30% annually for 2 qtrs, which firm says is needed to hit breakeven in 2003; sees no catalysts in sight, and expects the stock to trade down this morning and remain weak. 6:49AM Chartered Semi teams with IBM to develop chips (CHRT) 5.00: Semiconductor foundry announces a pact with IBM to develop chip technology and share some manufacturing facilities to cut costs. Chartered shares rose 8% in Singapore following the announcement. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+CHRT+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+TER+TQNT+TXN+XLNX+^IXIC+^SPX+^VIX+SMH&d=t As you may have surmised I play the stocks in this industry both long and short. Although I firmly believe we are closer to a short term top than a bottom I cannot stress enough that NVLS, like virtually every other stock in the group, follows the herd. As long as the SOX is taking a leadership role to the upside any short is likely to get burnt unless you are very nimble. From our brief discussion here I know you have a much broader investment horizon than just semiconductor equipment stocks. Yesterday only those industries that have really been getting nailed like healthcare facilities and HMO's were up. Today, it may very well be everything but those stocks and gold that move higher. RtS