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

To: Donald Wennerstrom who wrote (14394)	4/10/2004 3:09:07 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95761

Some more info from DJ on upcoming earnings season. <<By Donna Fuscaldo Of DOW JONES NEWSWIRES [snip] As for semiconductor-equipment companies, which make the gear used to make chips, analysts said those companies will at the very least meet their forecasts for orders, revenue and earnings, but upside could prevail. Take Novellus Systems Inc. (NVLS), which will be reporting first-quarter results April 12. Kevin Vassily, an analyst at Susquehanna Financial Group, who does not own shares of Novellus, said he expects the company to report earnings and revenue slightly better than his forecast, which calls for earnings of 9 cents and revenue of $249.2 million. Analysts according to First Call have Novellus weighing in with earnings of 10 cents a share and revenue of $252.41 million. In the year-ago first quarter, Novellus reported earnings of 8 cents a share and revenue of $238.41 million. While Novellus doesn't have much exposure to the Japanese market and dynamic random-access memory chip makers, two areas that have been spending on chip equipment, Vassily said Novellus' long-terms growth prospects remain "solid." Susquehanna does not have an investment-banking relationship with Novellus. As for Applied Materials Inc. (AMAT), which reports fiscal second-quarter earnings on May 18, Credit Suisse First Boston analyst John Pitzer said Applied Materials will likely report a 31% increase in sequential orders, versus the company's target of 30%. The analyst expects Applied Materials to report fiscal second-quarter earnings of 18 cents a share and revenue of $1.88 billion, in line with the company's projections. Analysts, according to Thomson First Call, have Applied Materials weighing in with earnings of 19 cents a share and revenue of $1.88 billion. In the year-ago second quarter, Applied Materials weighed in with earnings of 3 cents a share and revenue of $1.11 billion. Pitzer, who does not own shares of Applied Materials, noted that there could be upside to his earnings estimate, driven by improved execution, shorter equipment lead times and a shift toward higher margin products. It wasn't immediately clear if Credit Suisse has an investment-banking relationship with Applied Materials.>> [snip]