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

To: Donald Wennerstrom who wrote (10223)	6/19/2003 9:05:23 AM
From: Return to Sender	Respond to of 95520

From Briefing.com: 8:58AM LSI Logic upgraded at Lehman (LSI) 7.64: -- Update -- Lehman upgrades to Equal-Weight from Underweight and raises their target to $8 from $6 based on their belief that business may have finally bottomed; firm also cites their expectations for a solid June and Sept, strength in storage and stability in communications and consumer, compelling valuation, and low expectations for a rev decline of 7% for CY03. 8:55AM Fairchild Semi downgraded at Lehman (FCS) 13.21: Lehman downgrades to Equal-Weight from Overweight due to heightened risk to their EPS ests and relatively high valuation; based in part on yesterday's analyst day, firm thinks orders will be soft this summer, particularly in Asia (75% of sales) as a result of SARS and excess inventories, and that gross margin will remain under pressure. Target is $13 8:08AM Micron upgraded to Neutral at UBS; target $12 (MU) 13.08: UBS upgrades to Neutral from Reduce and raises their target to $12 from $8 following last night's results; firm expects the stock to remain range-bound from $10-$14 until the co can demonstrate a clear path to profitability, and given the prospect of continued losses for the next 5 qtrs, firm thinks the stock is richly valued at $13.50; at the same time, the prospect of stable to rising DRAM ASPs will likely support the stock above the $10 level. 6:41AM European Summary : European stocks reversed soon after a strong open continuing their sideways move from yesterday. Finnish handset giant Nokia (NOK) rose after the chief financial officer of RF Micro Devices (RFMD) said he is optimistic that cellphone sales will pick up later this year. The dollar rose to its highest level in more than a month against the euro in London trading before a report from the Federal Reserve Bank of Philadelphia that is likely to add to evidence that U.S. economic growth is accelerating... UK -0.16%, France -0.23%, Germany -0.27%. 8:56AM General Electric: Merrill Lynch lowering full yr estimates (GE) 30.73: --Update-- Merrill Lynch reducing FY03 est to $1.59 from $1.61 (consensus $1.61) due to lackluster short-cycle order trends. Firm's 2004 est goes to $1.72 from $1.75 (consensus $1.76). Believes co could use tomorrow's Analyst Meeting as an opportunity to narrow current full- year guidance to the low end of the previous $1.55-$1.70 EPS guidance range. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+FCS+GE+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+TER+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t finance.yahoo.com RtS