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

To: StanX Long who wrote (13601)	2/26/2004 9:19:23 AM
From: BMcV	Respond to of 95406

from Briefing: "8:34AM NVLS target lowered to $34 at BofA 32.83: Banc of America lowers its target on Novellus Systems to $34 from $38 after its mid-qtr update last night. The co increased order guidance, but the new guidance was in-line with the firm's estimates. Even with the increased guidance, the co's order growth lags numbers being reported by other semi-cap cos. Management again talked about a more responsible spending behavior from semiconductor companies in the current cycle, which translates into more linear growth for equipment orders. The firm remains concerned about order momentum stalling in the second half of the year. Also, the firm does not see any near term catalysts to move the stock higher, and would stay at the sidelines at this point."

To: StanX Long who wrote (13601)	2/26/2004 10:22:24 AM
From: Gottfried	Read Replies (1) \| Respond to of 95406

Prosecutors Could Seek Charges Against Chip Makers Manufacturers Attempted To Fix Prices for Memory, Fresh Evidence Suggests By JOHN R. WILKE and DON CLARK Staff Reporters of THE WALL STREET JOURNAL WASHINGTON -- Newly disclosed e-mail and testimony from industry executives show what prosecutors believe was a global conspiracy among some of the world's largest memory-chip makers to cut production and raise prices before a sharp price spike two years ago. The evidence -- and new activity before a federal grand jury in San Francisco -- suggests a long-running antitrust investigation may be coming to an end. Prosecutors are expected to seek criminal price-fixing charges against some chip makers, while others are weighing whether to enter plea deals and risk heavy fines, lawyers close to the case said. Companies that have disclosed they are under investigation include the market leader, Samsung Electronics Co., and Hynix Semiconductor Inc., both of South Korea; Micron Technology Inc., based in Boise, Idaho; and Infineon Technologies AG of Germany, among others.[snip] subscribers link online.wsj.com