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

To: StanX Long who wrote (9191)	3/29/2003 7:07:52 PM
From: Return to Sender	Respond to of 96005

From Briefing.com: 4:26PM Semtech resolves customer dispute (SMTC) 15.75 -0.19: Co resolves previously reported customer dispute concerning whether failures in two models of customer's products. Last August, customer claimed it had suffered damages of $42 mln to $115 mln. Under terms of settlement, SMTC will pay customer $12 mln. Settlement will not affect guidance. 12:55PM Sector Watch: Semiconductor : -- Technical -- Sector index (SOX at 313) has slipped back below the morning low in recent action. The low for the week is at 312.48 with the 200 day sma (which held yesterday) at 311.27. 10:05AM NVIDIA reduce rating reiterated at UBS (NVDA) 13.81 -0.19: According to firm, there was little in the way of incremental info out of yesterday's analyst day. However, co did acknowledge that it had lost the performance title in graphics processors to rival ATI, that Xbox revs remained uncertain with five weeks remaining in the qtr, and that core revs appeared unlikely to grow enough sequentially to offset declining Xbox sales. UBS reiterates its Reduce rating and $11 target. Firm's FY04 est remains at $0.50, or approx. $0.10 below a consensus est that firm thinks fails to adequately factor in competitive risk. 9:40AM RF Micro Device: Morgan Keegan expects co to have no trouble making qtr (RFMD) 6.31 -0.06: Morgan Keegan believes RFMD will have no difficulty achieving its MarQ rev guidance of $135 mln. Firm believes that RFMD was 100% booked for the level by the end of Jan and that no turns are required to hit this number. 9:31AM Westell Tech initiated with Hold rating at Needham (WSTL) 4.25 +0.07: Needham initiates coverage of WSTL with a Hold rating; while the co is positioned to take advantage of a re-acceleration of DSL deployments in the U.S., the stock trades at almost 1.5x annualized sales, has very small profits, its U.S. customers are under siege by the ascending cable co's, and it has a balance sheet with no net cash and some $33 mln in debt; despite opportunities on the upside, firm believes the co has little room for error at this valuation finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVDA+NVLS+RFMD+SMTC+TER+TXN+WSTL+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t I think it is really important to note that the SOX closed below its 200 day moving average. It could be headed right back to 285 again in short order. I'll be a buyer then! RtS