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

To: Donald Wennerstrom who wrote (12679)	12/4/2003 1:33:56 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95546

Interesting market action today after NSM announced earnings. They beat consensus estimates and raised guidance substantially for the next quarter, but it was not good enough. The NASDAQ went down over 10 points after the announcement. From Briefing.com <<12:26 ET National Semi beats by 4 cents, guides Q3 rev above consensus (NSM) 43.47 -0.03: Reports Q2 (Nov) pro forma earnings of $0.36 per share, $0.04 better than the Reuters Research consensus of $0.32; revenues rose 12.1% year/year to $473.5 mln vs the $463.6 mln consensus. Gross margin improved to 50.1%, up from 47.2% in Q1. Co expects Q3 revs to grow 3-5% sequentially (about $487.7-$497.2 mln, vs consensus of $461.0 mln). Consistent with this growth, gross margins are expected to improve slightly.>> At the announcement, NSM was trading around 43.50. After the announcement, a 5 to 10 minute "pop" and then it was all downhill and is now trading about 42.20, and it may still be falling further. The NASDAQ went from the 1964/65 region to below 1953. I hope we don't have many more good reports like that - one a day is all we can stand;-) Don