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

To: Gottfried who wrote (10502)	7/8/2003 7:37:48 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95501

From Briefing.com: On Tuesday, the tech sector pretty much picked up where it left off on Monday, which is to say it enjoyed another winning session that was accented by a steady stream of buying interest and broad-based participation. When taking into account the Nasdaq's breakout performance on Monday, there was little surprise that the bullish bias persisted on Tuesday. Helping the cause was a rash of dealmaking that was viewed by many as a positive sign that business sentiment is improving and that corporations are now recognizing that they must seek ways to get a better return on their cash than what the low interest rate environment is currently providing. At the same time, it fed the interest of speculators who were searching for the next acquisition candidates. EMC Corp.'s (EMC 11.24 -0.50) proposed acquisition of Legato Systems (LGTO 9.91 +0.81) for $1.3 bln in stock was the deal of the day in the tech sector. Meanwhile, the trucking industry was abuzz with Yellow Corp.'s (YELL 23.25 -1.24) $1.1 bln offer for Roadway (ROAD 46.10 +16.08) and the auto parts industry was caught up with ArvinMeritor's (ARM 20.29 -0.71) hostile $15 per share cash offer for Dana Corp. (DCN 16.20 +4.18). What the market is caught up with tomorrow will probably center around a few items that hit after Tuesday's close. In particular, Dow component Alcoa (AA 25.81 +0.10) posted better than expected Q2 earnings and Microsoft (MSFT 27.70 +0.28) announced it will no longer issue stock options, but instead, will start granting Stock Awards. Beginning in FY04, MSFT will begin expensing all equity-based compensation, including previously granted stock options. The latter, of course, hits closer to home for the tech sector, where the expensing of options has been a hot button issue, particularly for fellow bellwethers, Intel (INTC 23.15 +0.24) and Cisco (CSCO 18.73 +0.51). As for Alcoa's report, it was encouraging in the sense that the aluminum producer topped estimates and delivered its strongest quarter of revenue growth (+7.0%) since the second fiscal quarter of 2001. The after hours response was favorable, but it wasn't exactly a report to hang your hat on given AA's acknowledgment that it hasn't seen signs of market improvements. How the latter plays out for the broader market on Wednesday remains to be seen, but don't be surprised if if you hear the silly connection that tech stocks are trading higher because an aluminum company beat estimates. That type of cause and effect is to be expected in a momentum-driven market.-- Patrick J. O'Hare, Briefing.com 5:56PM Tuesday After Hours price changes vs 4pm ET levels: A downbeat night in the extended session as the regular session's late-day rally has tapered out. The indices' tremendous start to the week has left buyers exhausted, and now the S&P futures, at 1006, are flat with fair value, and the Nasdaq 100 futures, at 1296, are 4 points below fair value. Kicking off the June quarter earnings season is Dow component Alcoa (AA 26.84 +1.03) with its encouraging Q2 (June) report. The world's largest aluminum producer reported EPS that rose 16% sequentially to $0.27, $0.02 ahead of the Reuters Research consensus estimate, on revenues that increased 6% to $5.5 bln - the strongest quarterly performance since 2001. CEO Alain Belda noted improved performance by our downstream businesses and seasonal strength in packaging helped drive double-digit profit growth over Q1 (Mar). Also topping the headlines tonight is news that Microsoft (MSFT 26.56 -0.14) announced that, starting in September, employees will be granted stock awards instead of stock options. The stock award program offers employees the opportunity to earn actual shares of MSFT stock, rather than options that give employees the right to purchase stock at a set price. The change reflects the fact that many employees who have joined the company in recent years hold options with strike prices that are above the current value of MSFT's shares Other news out of the technology space has involved a Q3 (June) earnings warning from Reynolds & Reynolds (00C 29.10 -0.35). The integrated software solutions provider announced that a newly-enacted Ohio State Income Tax change will require the company to record an additional $3.4 mln of Ohio tax expense. As a result, REY now expects FY03 (Sept) EPS of approximately $1.66 versus the $1.70 consensus estimate. In the retail arena, shares of Gymboree (GYMB 15.00 -0.90) have taken a hit following the specialty retailer's lackluster June same store sales and reduced Q2 (July) outlook. GYMB announced a June comparable store sales gain of 1%, versus consensus estimates calling for an increase of 3%, and consequently, the company now expects to report a net loss at the low-end of its previously guided range of ($0.02)-($0.04). GYMB also reaffirmed its Q3 (Oct) and Q4 (Jan) outlook, and said it looks for full year EPS of $0.94-1.00 (consensus of $0.98). Finally, Allstate (ALL 38.31 +0.06) announced a quarterly dividend of $0.23 payable on Oct. 1, 2003 to stockholders at the close of business on Aug. 29, 2003. For more detail on these, and other after hours developments, be sure to visit Briefing.com's In Play, Earnings Calendar and Guidance pages-- Heather Smith, Briefing.com 11:19AM Reversal Alert : Cabot Microelectronics (CCMP 56.71 +1.07) has experienced a rather sharp reversal off its early lows, with CCMP shares now trading at their best levels of the day. This stock was highlighted yesterday as a Short-Squeeze candidate due to relative strength coupled with 25% short interest. biz.yahoo.com Thanks for the link to the StockCharts.com write ups. Lots of good information there. RtS

To: Gottfried who wrote (10502)	7/9/2003 10:57:31 AM
From: Gottfried	Read Replies (2) \| Respond to of 95501

bpNDX rose 2 to 79% on Tuesday [MEDI EXPD] Jun23 Jun24 Jun25 Jun26 Jun27 Jun30 Jul01 Jul02 Jul03 Jul07 Jul08 AAPL AMAT AAPL AAPL AMGN AMAT AAPL AAPL AAPL AAPL AAPL AAPL AMAT AMZN AMGN AMAT AMAT AMAT AMAT AAPL AMAT AMAT AMGN APCC AMZN AMGN AMGN AMGN AMGN AMAT AAPL AMGN AMGN AMZN APOL APCC AMZN AMZN AMZN AMZN AMGN AMAT AMZN AMZN APCC BBBY APOL APCC APCC APCC APCC AMZN AMGN APCC APCC APOL BEAS BBBY APOL APOL APOL APOL APCC AMZN APOL APOL BBBY BMET BEAS BBBY BBBY BBBY BBBY APOL APCC BBBY BBBY BEAS BRCD BMET BEAS BEAS BEAS BEAS BBBY APOL BEAS BEAS BMET BRCM BRCD BMET BMET BMET BMET BEAS BBBY BMET BMET BRCD CDWC BRCM BRCD BRCD BRCD BRCD BMET BEAS BRCD BRCD BRCM CEPH CDWC BRCM BRCM BRCM BRCM BRCD BMET BRCM BRCM CDWC CHKP CEPH CDWC CDWC CDWC CDWC BRCM BRCD CDWC CDWC CEPH CHRW CHKP CEPH CEPH CEPH CEPH CDWC BRCM CEPH CEPH CHKP CIEN CHRW CHKP CHKP CHKP CHKP CEPH CDWC CHKP CHKP CHRW CMCSA CIEN CHRW CHRW CHRW CHRW CHKP CEPH CHRW CHRW CIEN CMVT CMCSA CIEN CIEN CIEN CIEN CHRW CHKP CIEN CIEN CMCSA COST CMVT CMCSA CMCSA CMCSA CMCSA CIEN CHRW CMCSA CMCSA CMVT CPWR COST CMVT CMVT CMVT CMVT CMCSA CIEN CMVT CMVT COST CSCO CPWR COST COST COST COST CMVT CMCSA COST COST CPWR CTAS CSCO CPWR CPWR CPWR CPWR COST CMVT CPWR CPWR CSCO CTXS CTAS CSCO CSCO CSCO CSCO CPWR COST CSCO CSCO CTAS DELL CTXS CTAS CTAS CTAS CTAS CSCO CPWR CTAS CTAS CTXS DISH DELL CTXS CTXS CTXS CTXS CTAS CSCO CTXS CTXS DELL DLTR DISH DELL DELL DELL DELL CTXS CTAS DELL DELL DISH EBAY DLTR DISH DISH DISH DISH DELL CTXS DISH DISH DLTR ERICY ERICY DLTR DLTR DLTR DLTR DISH DELL DLTR DLTR EBAY ERTS ERTS ERICY ERICY ERICY EBAY DLTR DISH EBAY EBAY ERICY ESRX ESRX ERTS ERTS ERTS ERICY EBAY DLTR ERICY ERICY ERTS EXPD FAST ESRX ESRX ESRX ERTS ERICY EBAY ERTS ERTS ESRX FAST FHCC FAST FAST FAST ESRX ERTS ERICY ESRX ESRX FAST FHCC FISV FHCC FHCC FHCC FAST ESRX ERTS FAST FAST FHCC FISV FLEX FISV FISV FISV FHCC FAST ESRX FHCC FHCC FISV FLEX GILD FLEX FLEX FLEX FISV FHCC FAST FISV FISV FLEX GILD GNTX GILD GILD GILD FLEX FISV FHCC FLEX FLEX GILD GNTX HSIC GNTX GNTX GNTX GILD FLEX FISV GILD GILD GNTX HSIC IACI HSIC HSIC HSIC GNTX GILD FLEX GNTX GNTX HSIC IACI INTC IACI IACI IACI HSIC GNTX GILD HSIC HSIC IACI ICOS INTU INTC INTC INTC IACI HSIC GNTX IACI IACI ICOS INTC JDSU INTU INTU INTU INTC IACI HSIC ICOS ICOS INTC INTU JNPR JDSU JDSU JDSU INTU INTC IACI INTC INTC INTU IVGN KLAC JNPR JNPR JNPR JDSU INTU INTC INTU INTU IVGN JDSU LAMR KLAC KLAC KLAC JNPR JDSU INTU IVGN IVGN JDSU JNPR LNCR LAMR LAMR LAMR KLAC JNPR JDSU JDSU JDSU JNPR KLAC MCHP LNCR LNCR LNCR LAMR KLAC JNPR JNPR JNPR KLAC LAMR MNST MCHP MCHP MCHP LNCR LAMR KLAC KLAC KLAC LAMR LNCR MOLX MOLX MOLX MOLX MCHP LNCR LAMR LAMR LAMR LNCR MCHP MSFT MSFT MSFT MSFT MOLX MCHP LNCR LNCR LNCR MCHP MEDI NTAP NTAP NTAP NTAP MSFT MOLX MCHP MCHP MCHP MOLX MOLX NVDA NVDA NVDA NVDA NTAP MSFT MOLX MOLX MOLX MSFT MSFT NVLS NVLS NVLS NVLS NVDA NTAP MSFT MSFT MSFT NTAP NTAP NXTL NXTL NXTL NXTL NVLS NVDA NTAP NTAP NTAP NVDA NVDA ORCL ORCL ORCL ORCL NXTL NVLS NVDA NVDA NVDA NVLS NVLS PAYX PAYX PAYX PAYX ORCL NXTL NVLS NVLS NVLS NXTL NXTL PCAR PCAR PCAR PCAR PAYX ORCL NXTL NXTL NXTL ORCL ORCL PDCO PDCO PDCO PDCO PCAR PAYX ORCL ORCL ORCL PAYX PAYX PETM PETM PETM PETM PDCO PCAR PAYX PAYX PAYX PCAR PCAR PSFT PSFT PSFT PSFT PETM PDCO PCAR PCAR PCAR PDCO PDCO PTEN PTEN PTEN PTEN PSFT PETM PDCO PDCO PDCO PETM PETM QLGC QLGC QLGC QLGC PTEN PSFT PETM PETM PETM PIXR PIXR ROST ROST ROST ROST QLGC PTEN PSFT PSFT PSFT PSFT PSFT RYAAY RYAAY RYAAY RYAAY ROST QLGC PTEN PTEN PTEN PTEN PTEN SANM SANM SANM SANM RYAAY ROST QLGC QLGC QLGC QLGC QLGC SBUX SBUX SBUX SBUX SANM RYAAY ROST ROST ROST ROST ROST SEBL SEBL SEBL SEBL SBUX SANM RYAAY RYAAY RYAAY RYAAY RYAAY SIAL SIAL SIAL SIAL SEBL SBUX SANM SANM SANM SANM SANM SNPS SNPS SNPS SNPS SIAL SEBL SBUX SBUX SBUX SBUX SBUX SPLS SPLS SPLS SPLS SNPS SIAL SEBL SEBL SEBL SEBL SEBL SPOT SPOT SPOT SPOT SPLS SNPS SIAL SIAL SIAL SIAL SIAL SSCC SSCC SSCC SSCC SPOT SPOT SNPS SNPS SNPS SNPS SNPS SUNW SUNW SUNW SUNW SUNW SUNW SPOT SPOT SPOT SPOT SPOT SYMC SYMC SYMC SYMC SYMC SYMC SUNW SUNW SUNW SUNW SUNW TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA VRTS VRTS VRTS VRTS VRTS VRTS VRTS VRTS VRTS VRTS VRTS XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO .