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

To: advocatedevil who wrote (8181)	1/24/2003 9:33:21 AM
From: advocatedevil	Read Replies (1) \| Respond to of 95737

"Taiwan's TSMC, UMC seen posting lacklustre Q4 profit" biz.yahoo.com snip: "Both companies are expected to cut capital expenditure from last year's levels, a disappointing move for chip manufacturing equipment makers such as Applied Materials (NasdaqNM:AMAT - News) and ASM Lithography (Amsterdam:ASML.AS - News). Analysts forecast TSMC's 2003 capex will fall to about US$1.2 billion from US$1.65 billion in 2002, while UMC's may drop to US$500 million from US$800." AdvocateDevil

To: advocatedevil who wrote (8181)	1/24/2003 10:21:09 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95737

From Briefing.com: 9:20AM RF Micro Device downgraded at RBC (RFMD) 6.21: RBC Capital downgrades to Outperform from Top Pick and cuts price target to $14 from $18 due to the current volatility in the markets and lower visibility in the channel. 8:53AM KLA-Tencor upgraded at Fulcrum (KLAC) 36.41: -- Update -- Fulcrum upgrades to Buy from Neutral; after the disappointing orders and shipments guidance for the March 2003 qtr, firm believes that the forecasted "bad news" would be in the stock; expects some selling pressure given the disappointing orders guidance, and estimates that the potential downside is 5-10%; firm would be aggressive buyers of KLAC at $35, with a price target of $45. 8:45AM JDS Uniphase downgraded at Morgan Stanley (JDSU) 2.83: -- Update -- Morgan Stanley assumes coverage with an Equal-Weight rating from a previous rating of Overweight, saying the stock is trading above fair value of $1.65-$1.70; however, firm believes balance sheet, competitive environment, and successful restructuring protect downside risk. 8:07AM Cabot Micro upgraded at Wells Fargo (CCMP) 47.46: Wells Fargo upgrades to Buy from Hold, saying Dec qtr results and March guidance have allayed their short-term concerns; says stock is "by far" their favorite long idea in the semi equipment/materials space. Target is $75. 7:46AM Broadcom cut to Sell at Merrill Lynch (BRCM) 17.61: Cites the high P/E multiple, and departure of the CEO; firm believes will undergo a cultural change, if not a bit of a leadership vacuum. 7:31AM KLA-Tencor cut to Hold at Prudential on valuation; target $37 (KLAC) 36.41: Prudential downgrades to Hold from Buy given concerns regarding the steep declines in DDR DRAM pricing, flat March quarter order guidance, and geopolitical uncertainty believes the near-term catalysts for stock appreciation could be limited. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+CCMP+INTC+JDSU+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+RFMD+TER+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+SMH&d=t Testing 285 now on the SOX. This could get ugly if it does not hold for the bulls. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G RtS