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

To: Donald Wennerstrom who wrote (13679)	3/3/2004 11:14:38 AM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95574

Some postive news on on 2 of the stocks in the Group and the SOX this morning, KLAC and TER, from Business Wire/Zacks. << March 03, 2004 09:00 AM US Eastern Timezone Zacks Buy List Highlights: KLA-Tencor, Navistar Int'l, Cree, Inc., and Teradyne CHICAGO--(BUSINESS WIRE)--March 3, 2004--Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Ranked list which has produced an average annual return of +33.7% since inception in 1988 and has gained +100.3% since January 2000 when the market was in the grips of the worst bear market in 60 years. Among the #1 ranked stocks today we highlight the following companies: KLA-Tencor Corporation (NASDAQ:KLAC) and Navistar International Corporation (NYSE:NAV). Further they announced #2 Rankings (Buy) on two other widely held stocks: Cree, Inc. (NASDAQ:CREE) and Teradyne (NYSE:TER). To see the full Zacks #1 Ranked list or the rank for any other stock then visit. at.zacks.com; [snip] <<KLA-Tencor Corporation (NASDAQ:KLAC) is one of the world's leading suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Earnings estimates for the year ending June 2004 are up approximately 19 cents, or +21%, for KLA-Tencor from two months ago. That includes a rise of about 3 cents, or +3%, over the past 30 trading days. In its fiscal second quarter report from late January, the company stated that rising chip demand fueled by an improving global economy, along with high capacity-utilization rates, is driving a strong upswing in capacity-related tool orders. Such factors helped KLA-Tencor to post diluted earnings of 22 cents per share in that quarter, which was almost +16% atop the consensus. Revenues of $339 million improved on both a sequential and year-over-year basis. Given this strong quarterly performance and the improving environment, KLA-Tencor may make a worthy addition to your investment universe.>> [snip] <<Teradyne (NYSE:TER) is the world's largest supplier of Automatic Test Equipment, and a leading supplier of interconnection systems. The company's products deliver competitive advantage to the world's leading semiconductor, electronics, automotive and network systems companies. For its fourth quarter, Teradyne posted pro forma earnings of 4 cents per share in late January, on net orders that jumped +45% to $488.2 million sequentially. That earnings result was a solid improvement over the breakeven consensus expectation. Earnings estimates for this year, ending December 2004, advanced by about 45 cents, or +88%, over the past two months. Teradyne said that with the momentum from its strong over growth, along with its cost reduction efforts, it expects to deliver solid profit growth in the first quarter of 2004. Since demand for its products is strong, Teradyne could be in line for more earnings estimate improvement, which bodes well for shareholders.>> The above recommendations haven't done much for the stock prices though this morning - presently KLAC is trading down 1.7 percent while TER is trading down 3.1 percent.