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

To: Cary Salsberg who wrote (9306)	4/7/2003 10:50:21 AM
From: Return to Sender	Read Replies (3) \| Respond to of 95616

From Briefing.com: 9:59AM SARS impact on semiconductor industry larger than war with Iraq-- First Albany : First Albany is cutting its growth estimates for the Semiconductor industry from 8% for 2003 to -5% (plus or minus 10%), with a point est of 0% growth. Firm believes the impact of SARS on the semiconductor economy is going to be larger than that of the war with Iraq; thinks that SARS is likely to have an incremental negative impact over the next couple of qtrs that is not comprehended in Wall Street models; notes that roughly 70-90% of all PCs are assembled in Asia. Firm recommends reducing exposure to the group... (SOX currently trading 4.7% higher on the day). 9:31AM Linear Tech, Maxim cut to Underperform at JMP : JMP Securities downgrades LLTC and MXIM to Mkt Underperform from Mkt Perform based on rich valuation as well as their long-term concerns regarding a slowdown in secular growth rates in the high-end analog mkt and intensified competition; LLTC target is $22, MXIM target is $28. 9:30AM Nasdaq technical levels : -- Technical -- From current levels, look for modest overhead at 1431 followed by additional resistance at 1442. To the downside, the Nasdaq faces substantial initial support in the range of 1419 to 1423 followed by a more modest floor at 1411. 9:27AM S&P 500 and Dow levels of interest : -- Technical -- The March high for the S&P 500 is at 895.90 with next resistances in the 898/900 congestion area followed by 903/904 with a swing target, trendline and the 200 day ema near 907 (not above the latter average since March 2002). Resistance for the Dow is in the 8470/8480 area with its 200 day ema and high from March not coming into play until 8500 and 8522, respectively. 8:41AM Broadcom will allow employees to exchange under-water options (BRCM) 13.13: Under the program, eligible employees holding options to purchase Broadcom common stock with exercise prices per share of $23.58 or more will be given the opportunity to exchange those options for a number of new shares or new options based on formulas set forth in the Offer. A total of 57 million options are eligible for participation in this program. BRCM expects to take a $238 mln charge in connection with the offer. 8:34AM Jabil Circuit upgraded at Needham (JBL) 18.70: Needham upgrades to Strong Buy from Buy due to increased confidence that their FY03-04 EPS ests can be achieved as well as their belief that industry diversification, especially in the medical sector, will be successful. Target is $29. 8:11AM Vitesse Semi IC products deployed by Lucent (VTSS) 2.34: Announces that its Timestream family of products (VSC9186, VSC9187 and VSC9188) has been deployed in Lucent's Metropolis DMX Access Multiplexer. 7:53AM Standard Micro beats by $0.01, guides full yr below consensus (SMSC) 14.57: Reports Q4 net of $0.06 a share, $0.01 better than the Multex consensus. Revenues rose 27% to $42.6 mln (consensus $42.15 mln). For Q1, co sees EPS of $0.04 on revs of $42 mln (consensus $0.03/$42.16 mln). Projects 2004 net of approx. $0.20 (consensus $0.34). 7:50AM Qualcomm cut to Sector Perform at RBC (QCOM) 34.29: RBC Capital downgrades to Sector Perform from Sector Outperform due to heightened concerns regarding CDMA handset unit growth in China and Korea, as well as their expectation of improved traction of NOK's CDMA products; therefore, firm believes slower near-term growth may reduce the premium multiple in which QCOM shares trade; cuts price target to $38 from $45. 7:44AM JP Morgan cuts Western Digital, Maxtor to Neutral : JP Morgan downgrades WDC to Neutral from Overweight, citing seasonally weakening PC demand, a fragile pricing environment, and high valuation. Firm downgrades MXO to Neutral from Overweight based on their belief that the co continues to suffer lingering effects from its transition to 80GB/platter technology. Firm also downgrades RDRT to Underweight from Neutral. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+INTC+JBL+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+MXO+NSM+NVLS+QCOM+RDRT+SMSC+TER+TXN+VTSS+WDC+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t RtS