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

To: Alastair McIntosh who wrote (9811)	5/14/2003 6:04:17 PM
From: Return to Sender	Respond to of 95622

From Briefing.com: Updated: 15-May-03 - General Commentary - After surging off its March lows, the tech-heavy Nasdaq finally seems to be running out of gas. The index has stumbled over the past two sessions -- to the tune of 6 whole points! That's right, after climbing 22% in two months, bears have managed to recapture six points, or 0.5%. If you're holding on to short positions, the market's resilience in the face of overextended technicals, soft economic news and geopolitical tensions, has to be making you very, very nervous. The growing list of tech stocks making new highs or staging upside breakouts also has to have bears/short-sellers hitting the Maalox. Briefing.com has been identify potential short-squeeze candidates on the In Play page for the past several weeks now. In particular, we've profiled stocks making new highs/breaking out that have a high percentage of float being shorted. Idea being that as these stocks move above pivotal resistance, shorts will be forced to cover, adding fuel to the rally. Short-covering has been one of the primary drivers of the sector - particularly the mid- to small-cap names - over the past couple of weeks -- and it's just one more reason why investors shouldn't be expecting big, long declines any time soon. For a list of short squeeze candidates, make sure to monitor Briefing.com's In Play page throughout the day. You can also check the Industry Briefs section of the Tech Stocks page. After Wednesday's close, Analog Devices (ADI), Intuit (INTU), Computer Associates (CA), Brocade (BRCD) and BEA Systems (BEAS) posted results that either met or beat consensus estimates. Of these, ADI, INTU and CA are bid higher in early after hours trading, while BRCD and BEAS are down slightly. -- Overall, nothing in the earnings numbers to alter the upbeat sector tone. Robert Walberg, Briefing.com 4:08PM Analog Devices may be bigger upside (ADI) 33.99 -0.61: -- Update -- It is not mentioned in the text of the release, but $0.19 actual includes $2.7 mln in acquisition related charges that it appears should be excluded, which would bring pro forma EPS to $0.20 vs Reuters Research consensus of $0.18. 4:05PM Analog Devices beats by $0.01, guides (ADI) 34.00 -0.60: Reports Q2 (Apr) earnings of $0.19 per share, $0.01 better than the Reuters Research consensus of $0.18; revenues rose 21.4% year/year to $501.9 mln vs the $485.8 mln consensus. Company sees Q3 GAAP EPS of $0.20-0.21, vs R.R. consensus of $0.21, and revenue of $516-527 mln (3-5% sequential growth) vs estimate of $508 mln. 3:15PM Relative Strength -- SanDisk (SNDK) 28.67 +0.71: Stock pushing out to its highs of the day as momentum players position for an attempt on the 52-wk high for either today or tomorrow. Part of the appeal is co's high short-interest of 25%. The one-yr high of $29.20 was established Dec. 2. IXYS Corp (SYXI) 6.87 -1.06: Co has identified bookkeeping errors totaling $4.1 mln in its accounting that resulted in the overstatement of inventories during the nine months ended December 31, 2002. Power Integrations (POWI) 24.78 -0.27: According to Pacific Growth, POWI seems to have the biggest exposure to SARS in the firm's Communications IC universe (est 20%). POWI's primary exposure is to the Chinese cell phone market. Applied Materials (AMAT) 14.97 -0.59: Market generally mixed on the AMAT results. Co did manage to post $0.01 upside (aided by cost reductions), but guidance is being perceived as lackluster. Lehman is moderating its estimate of the steepness of the near-term ramp in biz. Lowering FY03 est to $0.12 from $0.15 (consensus $0.13) and FY04 to $0.40 from $0.50 (consensus $0.50). Firm remains cautious on shares due to turbulent near-term fundamentals. Rates AMAT an Equal Weight. finance.yahoo.com^SOXX+ADI+ALTR+AMAT+AMD+BRCM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+POWI+SNDK+SYXI+TER+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t RtS