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

To: TI2, TechInvestorToo who wrote (9650)	4/30/2003 8:31:13 PM
From: Return to Sender	Respond to of 95663

From Briefing.com: Updated: 01-May-03 - General Commentary - Not every day can be a winner, but even on its off days the tech-heavy Nasdaq showing much more internal strength than it has in months past. Nasdaq slipped 7 points, or 0.5%, in moderately active trading. Despite the decline, new highs still crushed new lows and advancers outslugged decliners. Briefing.com also finds it noteworthy that April was the Nasdaq's best month (+9.2%) since November of last year. What will be interesting to see is if index can do a better job of holding on to April's gains that it did last November's. Index gave back virtually all of its gains the following month, closing December only 6 points higher than it did in October. If Briefing.com's assumptions regarding the economy and market sentiment are correct, any upcoming pullback will be considerably less severe. The market might spend time over the next week or two consolidating its recent gains -- very short-term technicals are overextended, the dollar is back setting multi-year lows and earnings season is winding down -- but any retreat is likely to be relatively shallow and short-lived. As long as support in the 1370 to 1340 area holds during the corrective phase, the underlying bias will remain positive. Given the bullish technical tone, double-digit earnings gain, declining oil prices, rebound in confidence and improved leadership, there's no reason to think that this floor won't stand up. We'll stick to what we said earlier this week, broad pullbacks should be viewed as a selective buying opportunity. Robert Walberg, Briefing.com 4:28PM ESS Tech reports in line, guides Q2 (ESST) 6.94 +0.04: Reports Q1 (Mar) loss of $0.04 per share, excluding amortization of intangibles, write-down of investments, and related tax effects, in line with the Reuters Research consensus of ($0.04); revenues fell 58.1% year/year to $33.1 mln vs the $31.9 mln consensus. Company sees EPS loss of $0.04-0.09, vs R.R. consensus of ($0.02), and revenue of $33-36 mln vs estimate of $35.6 mln. 4:23PM Centillium beats by $0.07. (CTLM) 5.69 +0.07: Reports Q1 (Mar) GAAP loss of $0.08 per share, which includes charges totaling aprrox. $0.01 per share, having backed out charges we come up with a pro forma loss of $0.07, $0.07 better than the Reuters Research consensus of ($0.14); revenues rose 12.7% year/year to $27.8 mln vs the $24.7 mln consensus. 4:17PM Applied Materials names Splinter new CEO; former Intel Dir of Sales (AMAT) 14.67 -0.22: Announces Michael R. Splinter as president, CEO and a member of the Board of Directors, effective immediately. As CEO, Splinter succeeds James C. Morgan, who will continue as chairman of the Board of Directors, and as president, he succeeds Dan Maydan, who will be president emeritus and remain a member of the Board of Directors; before joining AMAT, Splinter worked for nearly 20 years at Intel (INTC), where most recently, he was executive vice president and director of the Sales and Marketing Group. 4:05PM O2Micro beats by $0.01 (OIIM) 11.61 -0.80: Reports Q1 (Mar) earnings of $0.04 per share, $0.01 better than the Reuters Research consensus of $0.03; revenues rose 20.1% year/year to $19.3 mln vs the $19.0 mln consensus. 3:44PM Amkor to sell $425 mln in senior notes (AMKR) 7.71 +0.86: 9:40AM QLogic still seems stretched -- CSFB (QLGC) 43.75 +2.12: -- Update -- While firm applauds co's continued execution, believes that the stock is still discounting overly aggressive longer-term growth and profitability assumptions. Firm maintains Underperform rating; target $33. 9:31AM Network Appliance cut to Sell from Hold at Lazard; target $9 (NTAP) 14.09 -0.36: -- Update -- Firm believes that EMC-Microsoft agreement is cause for concern. While near-term impact will be minimal to NetApp, thinks the competitive threat is significant beginning in Q3; believes that both EMC and DELL will be behind the windows product. Firm believes that EMC's adoption of a Windows-powered NAS will introduce a previously unseen level of competition to NTAP, which is currently not reflected in the share price. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+AMKR+BRCM+CTLM+DELL+EMC+ESST+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NTAP+NVLS+OIIM+QLGC+TER+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t It does not seem as though the naming of Splinter as AMAT CEO etc. came as any surprise to the market judging by after hours action. RtS

To: TI2, TechInvestorToo who wrote (9650)	4/30/2003 8:35:24 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95663

Morgan has been talking about retirement or a lessor role at AMAT for some time. He turns 65 soon. I seem to recall a local article on him saying he and Becky (his wife and former CA senator who retired in 1998) wanted to spend more time on their charity activities. From the press release, it sounds like he will be there in a mentor and leadership roll for as long as needed. I imagine he owns considerable AMAT stock so it would make sense to make sure there is a good transition. I look at it as similar to the leadership change at IBM and GE that seemed to be well managed transitions.