Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gottfried who wrote (8366)	2/1/2003 11:11:57 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95748

Semiconductor Equipment . . . Applied Materials sees 1st quarter orders below the target provided during its November conference call. Now sees 1st quarter orders down 35% sequentially versus 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." Semiconductors . . . Advanced Micro announced April launch date for Opteron chip for servers and workstations. AMD expects to follow that release up with the introduction of its Athlon 64 processor for the desktop and mobile markets in September. AMD also said that it would launch its Athlon XP processor 3000+ on Feb. 10 and its Athlon XP processor 3200+ in mid-2003. Zoran said first-quarter sales will decline 8 percent to 10 percent from the fourth quarter's $40 million, and this year's profit, excluding some items, will miss the 90-cent average estimate. Mark Grossman at SG Cowen downgraded Zoran to "market perform" from "outperform" after the company reported "solid" fourth quarter results but indicated gross margins would decline in the sequential first quarter to around 30 percent from 45 percent. The maker of chips used in DVDs and digital camera also expects to earn 80 to 85 cents a share in 2003, below the average analyst estimate of 90 cents. Microchip is one of the largest providers of microcontrollers today, after first joining the market in 1990. The company's field programmable PIC family of microcontrollers has allowed it to continuously gain market share in the last dozen years, rising to the number-four position in the 8-bit MCU market. The microcontroller market remains a fragmented market and we believe Microchip still has plenty of growth ahead. The company's rfPIC and dsPIC products should expand Microchip's presence into the wireless communications and 16-bit MCU markets. Furthermore, with the acquisitions of Telcom and PowerSmart, Microchip now has meaningful revenues in the analog business. However, 27x our CY03 EPS of $0.81, we believe the stock is fully valued. ROOC-based DCF analysis also returns a theoretical fair pricing of $21.42 for the stock. 2020insight.com And we would have made money following this system too! stockcharts.com[h,a]dallyyay[df][pi!a25!a50!c20!f][vc60][iLg]&pref=G stockcharts.com[h,a]dallyyay[dd][pi!a25!a50!c20!f][vc60][iLg]&pref=G RtS