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

To: Return to Sender who wrote (10366)	6/30/2003 8:59:47 AM
From: The Ox	Read Replies (1) \| Respond to of 95530

From CBS Marketwatch: Chip stocks may see some attention after trade group the Semiconductor Industry Association said total May sales were up 7.4 percent over the month on higher average selling prices. Sales were up 11.3 percent over May 2002. The May sales were above the 10-year historical average. "After a weak month of April, which was likely affected by SARS and the Iraq war, May rebounded nicely and we believe that the quarter to date appears to be tracking toward a typical quarter-to-quarter growth rate," UBS told clients.

To: Return to Sender who wrote (10366)	6/30/2003 11:55:23 AM
From: Donald Wennerstrom	Read Replies (3) \| Respond to of 95530

That's a rather interesting input from Smith Barney. 7:54AM Intel upgraded at Smith Barney (INTC) 20.57: Smith Barney upgrades to Outperform from In-Line, citing the following factors: 1) firm thinks Q2 and Q3 ests appear achievable, 2) the current environment is allowing INTC to slow price decreases and thereby increase profitability, 3) mgmt is increasingly focused upon improving ROIC, and 4) the co is beginning to accelerate just as the rest of the chip industry is decelerating (seasonally and YoY); raises target to $23 from $20. Their prediction seems to be that INTC is going to do rather well while the rest of the "chip industry" will "decelerate". Maybe today's "semi stock price" action is a precursor to this summer - starting out quite strong, but then fading as the day progresses. Don