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


To: Return to Sender who wrote (8330)1/31/2003 9:35:00 AM
From: Return to Sender  Read Replies (3) | Respond to of 95743
 
AMAT Applied Materials sees Q1 orders below target (12.95) Semiconductor equipment maker warns that it expects Q1 orders to be below the target provided during its Nov conference call. Now sees Q1 orders down 35% sequentially vs previous guidance of a 20% decline. "Due to ongoing economic weakness and geopolitical uncertainties, customers deferred capital expenditures, causing a larger order shortfall than expected."

09:25 ET Gapping Down Semiconductor stocks turn lower on AMAT -8.1% warning: NVLS -7%, KLAC -6.4%, INTC -3%, CCMP -2%... Reacting to earnings/guidance are ZRAN -19%

09:46 ET AMAT resumes trading -8% (11.90 -1.05)

finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+CCMP+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+TER+TXN+XLNX+ZRAN+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+SMH&d=t

The SOX is down substantially on this news. Where the SOX goes so goes the NASDAQ.

RtS