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: advocatedevil who wrote (9385)	4/10/2003 10:39:14 PM
From: semi2000	Read Replies (1) \| Respond to of 95622

Varian(vsea) numbers don't look correct. Its 335mm, 631mm for 02, 01 resp. per yahoo. thanks

To: advocatedevil who wrote (9385)	4/11/2003 8:52:06 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95622

From Briefing.com: 08:29AM RBC downgrades Applied Materials, Lam Research RBC Capital downgrades AMAT and LRCX to Sector Perform from Outperform based on recent revisions in their industry bookings model and outlook for the semi capital equipment sector; cuts AMAT target to $18 from $25 and LRCX to $16 from $22. 08:28AM BELM Bell Micro cut to Hold from Buy at Needham (4.88) 7:34AM Microsoft downgraded at First Albany (MSFT) 24.59: First Albany downgrades to Buy from Strong Buy and cuts their price target to $29 from $33, saying MSFT may have more trouble renewing maintenance contracts than originally thought, which could impact FY04 rev growth rates; also, factors that boosted rev growth in FY02-03 (XBox launch and Licensing 6.0 deadline) will normalize in FY04, and although firm still thinks the co's PC unit growth assumptions are achievable, the pace of large deal flow in other areas (particularly volume licensing) may have moderated slightly since the co last issued guidance. 7:23AM Advanced Energy downgraded at JP Morgan (AEIS) 8.18: JP Morgan downgrades to Underweight from Neutral based on a weakening industry environment combined with a leveraged capital structure and heightened near-term execution risk; firm likes AEIS in the $5.00-$6.00 range, which is the upper end to modestly above their estimated trough range of 1.25x-1.75x tangible book value. 7:21AM Varian Semi upgraded at JP Morgan (VSEA) 19.80: JP Morgan upgrades to Neutral from Underweight based on attractive valuation as well as limited downside risk; VSEA shares trade at 1.61x price/tangible book, well within firm's estimated trough range of 1.3-1.8x, and net cash of $9.27/share combined with positive estimated C2003 EPS and free cash flow should provide investors an additional margin of safety; sees maximum downside to the mid-teens range and potential long-term upside to the low to mid $50s. 6:57AM General Electric meets EPS consensus on light revs, reaffirms full yr outlook (GE) 27.38: Reports Q1 (Mar) earnings of $0.32 per share, in line with the Multex consensus. Revs fell 0.7% year/year to $30.32 bln vs the $30.51 bln consensus. GE remains comfortable with full yr outlook of $1.55-$1.70 (consensus $1.61). finance.yahoo.com^SOXX+AEIS+ALTR+AMAT+AMD+BELM+BRCM+GE+INTC+KLAC+LLTC+LRCX+LSCC+LSI+MOT+MU+MSFT+MXIM+NSM+NVLS+TER+TXN+VSEA+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t I'll probably sell my long AMAT position from yesterday into the strong opening this morning. I have to be gone a few hours after that. RtS