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

To: Return to Sender who wrote (9212)	3/31/2003 10:50:43 AM
From: Return to Sender	Respond to of 96005

From Briefing.com: 8:53AM Barron's article features an interview with a bearish Fred Hickey : A Barron's article features commentary from Fred Hickey who is very bearish on the tech economy and its prospects going forward. During a Dec interview, he made negative calls on DELL, INTC, TXN and AMAT due to his beliefs that PC demand remained lackluster and strength in chips was only inventory replenishment. His current outlook on the tech economy continues to be abject with shorts in INTC, IBM and EBAY. He is also bearish on KLAC given its premium valuations of 44x earnings and 5x sales. However, he has been accumulating shares of COMS given its discounted valuation, business initatiatives and strong cash position on the balance sheet. 8:07AM ThinkEquity semiconductor analyst provides industry update and outlook : In a morning note, ThinkEquity semiconductor analyst Charlie Glavin provided some color on the SIA numbers, which illustrate a "double dip" or a deceleration in Feb year over year growth. The SIA data shows Feb slowed to 14% growth year/year, down from previous 20% growth levels in Dec and Jan. Microprocessor and DSP sales were strong while DRAM revenues were down sequentially. Given the overall deceleration of growth and continued slowed recovery in the semiconductor sector, the analyst recommends buying specific stocks which place an emphasis on its products ROI. The analyst therefore recommends STM, TXN, GNSS, MRVL and INTC (in Q203 based off of forecasted anomalous q/q growth in laptop processors) with year/year growth forecasted to continue its trend of deceleration until Q403. 7:29AM TSM, UMC cut to Sell at Deutsche : Deutsche Securities out of Asia lowers their view of the Asian foundry sector to Underweight from Neutral and downgrades TSM and UMC to Sell from Hold; firm says foundries will undergo a structural reduction in profitability even as sales increase due to: a declining pricing environment, margin pressures, slower technology migration, and increasing competition in both leading and lagging technologies. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+COMS+DELL+EBAY+GNSS+IBM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MRVL+MU+MXIM+NSM+NVLS+STM+TER+TSM+TXN+UMC+XLNX+^IXIC+^SPX+^NDX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t RtS