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

To: Softechie who wrote (8825)	2/27/2003 5:42:08 PM
From: Return to Sender	Respond to of 95738

From Briefing.com: TUNE Microtune sues Broadcom alleging anti-trust violations (1.59 +0.10) Company files petition alleging Broadcom engaged in anti-competitive and monopolistic conduct and engaged in restraint of trade conduct in violation of Texas Anti-Trust Act; suit alleges Broadcom engaged in various illegal anti-competitive activities including bundling its tuner together with its demodulator chips in attempts to exclude Microtune and other competitors from a substantial share of the cable modem market. 4:55PM Rudolph Tech reiterates Q1 guidance; cuts workforce (RTEC) 13.67 -0.51: Expects Q1 revs to be down between 10% and 15% compared to that of the Q4 revs of $17.1 million and break-even EPS -- Multex consensus estimates are $0.00 per share and $15.1 mln respectively. 4:43PM Novellus reiterates Q1 guidance (NVLS) 29.40 +0.89: -- Update -- Sees Q1 earnings of $0.07 on revs of $234 mln -- -- Multex consensus estimates are $0.07 per share and $234.2 mln respectively. Sees bookings $240 mln, shipments $210 mln both in line with prior guidance. 1:15PM Novellus mid-qtr update preview (NVLS) 29.37 +0.86: --Update-- Semi equipment maker's mid-qtr update is scheduled for after the close today. In a pre-market note, CSFB said it suspects co will reaffirm EPS, revenue, and shipment guidance. Better cost controls and what firm suspects is conservative guidance regarding SFAM integration could allow NVLS to post modest upside to EPS... Fulcrum also previewed the mid-qtr update. Firm's morning note indicates that it does not anticipate disappointment from the call; firm expects NVLS to at least confirm the original guidance of $0.07 (First Call consensus $0.08, Multex $0.07). Fulcrum reiterated its Buy rating and 12-month target of $45, noting that NVLS is trading near its previous trough levels from 1996, 1998, and 2002 (on a price-to tangible book basis). MRVL Marvell provides guidance for FY04 -- Update (19.50 +0.37) Sees Q1 of $0.17 with 7%-9% revenue growth -- Multex consensus estimates are $0.17 per share and $159.3 mln respectively. Sees FY04 earnings of $0.80 to $0.85; revs in the range of $710-$740 mln -- Multex consensus estimates are $0.78 per share and $707.6 mln. 4:08PM Marvell meets Q4 consensus (MRVL) 19.42 +0.29: Reports Q4 (Jan) earnings of $0.16 per share, in line with the Multex consensus of $0.16; revenues rose 82% year/year to $150.8 mln vs the $149.9 mln consensus. 3:33PM Earnings Preview: Marvell Technology Group (MRVL) : Marvell Technology Group (MRVL), a semiconductor company that specializes in communications and wireless related products, reports its Q4 after the close with Multex consensus of $0.16 per share with revs of $149.9 mln. We are hearing that the company will beat top line and at the very least be in line with EPS consensus estimates with management providing positive forward guidance during the call. Furthermore, a review of its historical performance helps support the viability of the trader talk currently being circulated on the street. In reviewing the stock's closing price (on its earnings date) and next day opening price for the past four quarters, the data does not point to a clear trend. In fact, it suggests that when MRVL beats the numbers, the stock can go either way and put up a significant percentage of volume and price volatility. At this point, we believe the expectation of this event occurring to be already priced into the stock. However, given the current lack of semiconductor companies who have beaten both top and bottom lines for the past four quarters in this arduous economic environment, we believe MRVL could be positioned for upside in reaction to the report. Our one concern is that the fast money may look to take profits after the initial run in price. Price % Change Results EPS Mltx/Zacks Q3 22-Nov Open $23.00 -5.5% Beat by $0.01 $0.14a $0.13 21-Nov Close $24.33 Q2 23-Aug Open $22.15 16.7% Beat by $0.02 $0.11a $0.09 22-Aug Close $18.98 Q1 24-May Open $37.40 -3.4% Beat by $0.01 $0.08a $0.07 23-May Close $38.72 Q4 1-Mar Open $33.80 10.1% Beat by $0.01 $0.06a $0.05 28-Feb Close $30.69 Source: Briefing.com -- John Meza, Briefing.com 3:42PM Kulicke & Soffa announces orders from Samsung, others (KLIC) 5.34 +0.22: Announces a "significant" purchase order from Samsung Electronics for Maxum wire bonders, which is the first of a multi-staged purchase agreement with Samsung; the co has also received strategic orders for the Maxum machines from several large Japanese semi factories that have previously only purchased equipment from Japanese equipment makers that compete with KLIC in the wire bonder mkt. 1:42PM Brooks-PRI Automation denies share loss at NVLS -- SoundView (BRKS) 10.00 unch: -- Update -- The comment apparently is in response to speculation that Novellus will abandon BRKS in favor of internally developed robots (see 09:46 comment). 9:46AM Brooks-PRI Automation: Fechtor comments (BRKS) 10.00: Hearing that research firm Fechtor Detwiler writes this morning that it is hearing Brooks' top customer NVLS, which accounted for 6% of 2002 revenues, will abandon BRKS in favor of internally developed robots, and that another key customer, LRCX, is significantly reducing orders after losing etcher market share to Tokyo Electron. 9:49AM WR Hambrecht provides WLAN outlook for 2003 : WR Hambrecht provides outlook for 2003 WLAN semiconductor markets. The report highlights the substantial market share held by ISIL in the WLAN space with further insights on the "migration" to backwards-compatible 802.11g products being significant in 2003. The report also speaks favorably on BRCM's aggressive product development and Atheros dual mode solutions in this highly competitive space. 8:05AM EMC Corp downgraded at Thomas Weisel (EMC) 7.51: Thomas Weisel downgrades to Mkt Perform from Attractive due to valuation as well as checks indicating that sales of the new DMX product line have been slow, which suggests that assumed upside to ests may not materialize as expected; price target is $8. 9:48AM Adobe Systems (ADBE) 27.40 +0.32: Lehman Brothers initiates EQUAL-WEIGHT. Target $27. Sees positives providing support; however, ADBE is largely an economic play, and economy is expected to remain poor in '03; does not think '03's major product upgrade, Acrobat 6, will be enough to offset economic weakness; thinks long-term EPS growth rate is in low-teens. finance.yahoo.com^SOXX+ADBE+ALTR+AMAT+AMD+BRCM+BRKS+EMC+INTC+ISIL+KLAC+KLIC+LLTC+LRCX+LSCC+LSI+MOT+MRVL+MU+MXIM+NSM+NVLS+RTEC+TER+TUNE+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+SMH&d=t Well my bearish friend we don't get to back up the truck and go long today but personally I was not overly impressed with today's rally. We will get to be long investors one of these days. RtS