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

To: Donald Wennerstrom who wrote (10530)	7/10/2003 9:07:33 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95500

Don, those articles do seem just a bit over the top this morning. It's amazing how a little disappointment over earnings and outlook for YHOO can create so much selling in the overall market. However that appears to be just exactly what will be blamed for the selling at the open this morning. Lately upgrades and higher stock price targets have been coming pretty fast and furious. From Briefing.com: 8:20AM Micron upgraded at UBS (MU) 14.40: -- Update -- UBS upgrades to Buy from Neutral based on the following factors: 1) the likelihood of continued strong pricing for 2H03, 2) probability of better supply-demand dynamics in 2H03 and throughout much of 2004, and 3) potential margin and earnings upside from the ramp of more efficient 110nm process technology. Raises target to $18 from $12. 8:06AM Rambus derivative suit dismissed by Delaware (RMBS) 18.39: Announces that the Court of Chancery of the State of Delaware has issued a stipulated order dismissing without prejudice the amended complaint in a consolidated derivative case against Rambus. The dismissed derivative case arose from allegations concerning Rambus' 1991 - 1995 attendance at a standard setting body called JEDEC. The plaintiffs in this case agreed to stipulate to dismissal without prejudice following rulings favoring Rambus from the Court of Appeals for the Federal Circuit. 8:03AM TXN sells 24.7 mln shares of stake in MU (TXN) 19.49: TXN sold 24.7 mln shares of its stake in MU, which provides the co with pre-tax gain in accordance with GAAP of $106 mln with the sale. This transaction will be recorded in other income in Texas Instruments Q3 results. In addition, the co will also recognize a reserved tax benefit of $162 mln in Q3, which is attributed to the realization of a tax loss carryback due to the sale. 8:03AM Yahoo! cut to Neutral at First Albany on valuation (YHOO) 35.29: The downgrade from Buy is based on valuation and a tepid upward guidance revision for FY03. 6:33AM European Summary : European indexes fell sharply on the open but have stabilized over the past few hours. Total (TOT), Europe's third-largest oil company, and L'Oreal are the latest companies to say the U.S. currency's decline is eating into sales and profit. On the positive side Infineon Technologies AG (IFX), Europe's second-biggest chipmaker was up after UBS raised its rating on the stock to Buy from Reduce. Also AstraZeneca Plc (AZN), Europe's second-biggest drugmaker was up close to 5% as the FDA panel voted 9 to 0 to recommend that the agency approve AstraZeneca's Crestor cholesterol medicine in doses of 5 milligrams to 40 milligrams.... Germany -1.06%, France -0.86%, UK -0.39%. finance.yahoo.com Perhaps too fast and furious? I don't know. I still have not got an actual sell signal for the market short term. RtS