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

To: StanX Long who wrote (12727)	12/10/2003 1:39:53 AM
From: StanX Long	Read Replies (1) \| Respond to of 95383

Taiwan stocks down, China up after Bush remarks By Allen Wan 12:38am 12/10/03 TOKYO (CBS.MW) -- Taiwanese stocks fell Wednesday following President Bush's comments implying that he opposes Taiwan's President Chen Shui-bian's calls for a referendum next March. Taiwan's Weighted Average slipped 1 percent to 5,802. While analysts said that the referendum issue had hurt sentiment, stock losses were mostly due to heavy selling of shares in chip giants Taiwan Microelectronics (TSM) and United Microelectronics (UMC) following the release of weak sales data for November. Both stocks were down more than 2 percent. China fears that the referendum could lead to a unilateral declaration of independence by Taiwan. Taiwan's Chen said the referendum, which coincides with presidential elections, is aimed at getting voters to express their opposition to Chinese missiles targeted at the island. The Shanghai Composite, meanwhile, rose 1.1 percent to 1,459. China's economy continues to fire on all cylinders. On Wednesday, the State Statistical Bureau released data showing that factory output jumped 17.9 percent in November from a year earlier on the back of strong production of cars and cell phones.

To: StanX Long who wrote (12727)	12/10/2003 9:33:26 AM
From: Return to Sender	Respond to of 95383

From Briefing.com: 7:35AM EMC upgraded at Goldman Sachs 12.26: Goldman Sachs upgrades EMC Corp to Outperform from In-Line, as they believe the recent sell-off presents an attractive opportunity; firm thinks their is a strong likelihood that their above-consensus ests represent the base case for the co, and says that over the last 6 months their checks with users have increasingly named EMC as the vendor of choice in the storage space; target is $15. Firm also raises their view of the IT Hardware sector to Attractive from Neutral, as 2004 budgets are firming at the same time that expectations are fast becoming more rational. 7:34AM Watch for potential positive reaction in ZRAN and CRUS on the ESST guidance : 7:32AM Taiwan Semi and United Micro say no impact from earthquake -- DJ (TSM) 10.12: Dow Jones reports that chip foundry giants Taiwan Semiconductor (TSM) and United Microelectronics (UMC 4.89) said they suffered few effects from Taiwan's biggest earthquake this year, which shook the southeastern part of the island Wednesday. TSM says there was no obvious impact and it did not shut any fabs. 7:32AM ESS Tech guides Q4 outlook higher (ESST) 13.79: Company raises Q4 guidance, now sees pro forma (non-GAAP) EPS of $0.19-0.23, vs the Reuters Research consensus of $0.11 and prior guidance of $0.10-0.13, and revenues of $79-82 mln, vs an estimate of $62.6 mln and previously guided revs of $65-68 mln, due to growth in all market segments. 7:28AM Atmel and OTIV microcontroller selected by MasterCard (ATML) 5.70: Co and On Track Innovations (OTIV 9.45) announce that their contactless secure microcontroller solution has been selected by MasterCard for use in its MasterCard PayPass deployments in the US. Using MasterCard PayPass, consumers simply tap or wave their payment card on a specially equipped merchant terminal, eliminating the need to swipe a card through a reader. 7:27AM GLW upgraded at JP Morgan 9.89: JP Morgan upgrades Corning to Overweight from Neutral based on above-avg near-term EPS growth; firm expects Q4 to come in at the high end of guidance, driven by strength in LCDs and despite some extra costs in Environmental and seasonal weakness in fiber; firm also thinks strong EPS growth over the next few years makes the forward P/E of 25x their 2005 est look more reasonable at a PEG of well below 1, providing downside support. 7:25AM Cisco Systems to unveil new top of the line router today -- Reuters (CSCO) 23.23: Reuters reports that Cisco is expected to unveil a new top-of-the-line router today, allowing it to catch up to rival Juniper Networks (JNPR)The 12800 Router has a capacity to handle 40 gigabits of online traffic a second, or four times the capacity of its present 12416 Router. Juniper has had a 40-gigabit router on the market for about 18 months. 7:20AM PCs sales could be up by 19% this Xmas -- WSJ : The Wall Street Journal suggests this could be the first Christmas since sales started cooling in late 1999 that home-PC sales may turn in a strong finish this year. The catalyst for this development is attributed to buyers replacing older machines and the wider acceptance of home-PCs as entertainment-and-imaging devices rather than merely Internet cruisers. According to the NPD Group, PC sales this Christmas season could be up by as much as 19% after declining for three years. In addition, buyers are favoring more-profitable notebook PCs and richer desktops. 7:14AM Maxtor hard drives selected by Toshiba (MXO) 9.91: Co announces that its Maxtor QuickView consumer electronics hard drives have been selected for Toshiba's HDD & DVD video recorder series -- RD-XS32, RD-XS35 and RD-X4. These new offerings come equipped with Maxtor QuickView 80GB, 160GB, and 250GB hard disk drives which are designed specifically for consumer electronics applications. 7:10AM Microsoft concerns highlighted in WSJ; Some investors see value stock (MSFT) 26.38: The Wall Street Journal's "Heard on the Street" column highlights MSFT given its stock being up a "measly" 2% this year versus the skyrocketing Nasdaq being up 43%. According to the article, the co's problems are due to the shifting taste of investors coupled with growing skepticism about the co's growth prospects. Given the co's performance this year, some people are starting to look at the company as a "value" stock. The co's shares trade at a multiple of about 26 times earnings of the past 12 months, which is high compared with the historic P/E of the market but inexpensive compared with other tech stocks. The current P/E of the Nasdaq 100 is 64 and MSFT has traded with a P/E as high as 76 in 1999. Rick Sherlund, an analyst at Goldman Sachs, believes ORCL's earnings next week could boost the stock. He states, "We'll be looking at Oracle as a possible catalyst to demonstrate that the software business is beginning to show tangible improvement." 6:42AM European Summary : European markets having a solid down day with some of the year's best performers leading the way. Shares in Credit Suisse Group (CSR) and Royal Philips Electronics NV (PHG), trading down amid concerns profit growth may fail to keep pace with this year's rise in share prices. BASF AG, the world's largest chemical maker, trading down 2 percent after telling investors global chemical market growth to be slower than that of the world economy through 2015. STMicroelectronics (STM) among the decliners list despite news Morgan Stanley had lifted its price target on the French-Italian chip maker to 23 euros from 19 euros and raised its stance on the European semiconductor sector to In-Line from Cautious. The dollar rebounded sharply on Wednesday from the previous session's three-year lows against the yen and life lows against the euro, and traders attributed this to a suspected bout of dollar-buying intervention by Japan, Reuters reporting... UK -1.14%, France -0.85%, Germany -0.90%. finance.yahoo.com