Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael97123 who wrote (11937)	10/1/2003 3:56:43 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 95391

>> Any specific news out there pertaining to altera 09/30/03 08:12:Altera started at 'underperform' at CS First Boston >> Any feelings on these stocks How about actions speak louder than feelings! Message 19361014 Message 19360675

To: michael97123 who wrote (11937)	10/1/2003 5:23:55 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95391

Semiconductor Equipment . . . Nanometrics unveils high-throughput standalone integrated metrology platform. The company introduces a stand-alone metrology platform that utilizes up to four modules to provide users with the benefits of integrated metrology without the need for full integration. The Nanometrics FMS is a cost-efficient 300-mm system capable of an industry-leading maximum throughput of up to 500 wafers per hour. Cree announces expanded contract with OSRAM Opto Semiconductors GmbH (OSRAM) for the purchase of at least 500 million light emitting diode (LED) chips over a 21-month period commencing October 2003 and extending through June 2005. Semiconductors . . . Lehman ups Cypress Semi to Equal-Weight from Underweight and initiates coverage of Integrated Device with an Underweight. The firm believes that Cypress is a better relative investment in the associated memory and diversified logic mkts, with better product positioning and mkt share momentum. The firm says this is most clearly seen by CY maintaining their estimates for 3rd quarter when 2nd quarter results were reported in mid-July and then raising them during their mid-quarter update while IDTI cut estimates following 2nd quarter results and reiterated those same forecasts during their mid-qtr update at the end of August. ATI Tech and Cirrus enter cross license agreement and settle all outstanding litigation between the companies. Under the terms of the settlement agreement, all outstanding claims and counterclaims in both lawsuits between CRUS and ATYT were dismissed. CRUS will transfer to ATYT a portion of its patent portfolio relating to the former graphics products group of its PC products division and ATYT will pay CRUS a total of $9 million in October 2003. Cirrus Logic guides 2nd quarter revenue outlook above consensus and now expects 2nd quarter revenues of approximately $50 million versus previous guidance of $45-50 million versus consensus $46.4 million. ATI Tech is scheduled to announce fiscal fourth quarter results (ended August 31) on Friday October 3 before the market open. As a reminder, anlaysts recently raised estimates. Analysts are maintaining estimates at this time. For the August-Quarter, estimates revenues of $380mn (up 11.1% Quarter over Quarter), and pro forma EPS of $0.12. Revenue estimate is above the guidance the company provided in June of $335-$365mn (-2.1% to +6.7% Quarter over Quarter). Consensus is at $365 million in revenues and $0.10 in EPS. Analysts have modeled a marginal 0.3-point increase in gross margin to 33.2%, noting ATI is not having the cost issues that NVIDIA has been experiencing. ATI should be a prime beneficiary of the strength we are seeing in the notebook PC market, given its dominant 59% share in the notebook graphics market. Notebook chips represent approximately 35% of ATI's revenues. In addition, ATI's announcement today that ASUStek will sell ATI-based graphics cards signifies that the company's traction in the white box market will continue. Two prominent growth catalysts for ATI in 2004 are its desktop integrated and consumer businesses. The first review of Radeon 9100 published this week was highly positive and supports our expectation that ATI will rapidly gain share in this space. ATI is also finally seeing material consumer revenues driven by Imageon sales, and forecast consumer revenues will reach $140mn in 2004. For the November-Quarter expect revenues to increase 12% Quarter over Quarter to $425 million, driven by seasonality, share gain in the white box market, and growth in Imageon sales. The Half-Life 2 co-marketing agreement announced today should also give ATI an edge over NVIDIA in holiday sales. We maintain our Peer Perform rating as the stock's current valuation, at 27x 2004 EPS, leaves little room for upside. RobBlack.com MarketWrap robblack.com I could find no news concerning ALTR or any PLD stocks that could explain the recent fall. I bought some ALTR today. I paid more than the rest of the full disclosure crowd but a few people piled in after me. Maybe there is a downgrade coming like with LSI but even if that is true the PLD business is expanding rapidly. RtS