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

To: Donald Wennerstrom who wrote (14414)	4/12/2004 12:07:48 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95821

Don, the trouble with PEG's is that it is a forward looking metric based on expectations that may never be achieved. The Dow Theory has been proven correct on a historical basis over a much longer period of time than the short term correctness of the PEG's that you shown projected. Overall though good enough earnings and outlooks could win the day for the bullish camp. If that happens though then the Dow Transports should make a new high as well. RtS

To: Donald Wennerstrom who wrote (14414)	4/12/2004 12:47:03 PM
From: Return to Sender	Respond to of 95821

From Briefing.com: 10:36AM Nasdaq Composite probes resistance at 2066/2068 (COMPX) 2068 +15.7: -- Technical -- The index extended the opening push in recent trade with resistance mentioned in The Technical Take in the 2066/2068 area tested. Intraday support is at 2063/2060. Next resistance if able to work through the early high is at 2075/2077 (last wk's highs/range top) followed by congestion near 2085 with the Feb high/congest/retrace barrier at 2094/2100. 10:30AM SNDK started with Buy ratings at CE Unterberg 32.75 +0.08: CE Unterberg initiates coverage of SanDisk (SNDK) with Short-Term Buy/Long-Term Buy ratings and a $40 target; firm believes that potential upside to 1H04 exists due to virtually no price erosion in Q1 followed by seasonally strong Q2 revs. 9:11AM Aeroflex and Boeing Sign 5-year Deal for Development of Advanced Network Technology (ARXX) 15.7: 9:07AM UTStarcom signs $40 mln contract with China Telecom (UTSI) 29.85: Co announced a new contract valued at apprx $40 mln with China Telecom (CTC) to expand and optimize its IP-based PAS (Personal Access System) network in China's Jiangsu Province. Under the terms of the contract, iPAS networks will be expanded in seven cities in the province. UTSI will also extend its mSwitch-based iPAS core network in two cities and the value-added services (VAS) platform for the entire province. 8:10AM Advanced Micro settles patent suit with Intergraph (AMD) 17.00: Company has settled patent claims with Intergraph Corp. relating to AMD's microprocessors. Under terms of agreement, AMD will receive a license under Intergraph's "Clipper" microprocessor patents and the patent lawsuit in U.S. District Court for Northern District of California will be dismissed. AMD will pay Intergraph $10 mln, plus 2% of profits from its microprocessor sales for three years (2005-2007); payments are capped at $5 mln per year and total of all payments under agreement are capped at $25 mln. 8:08AM Wal-Mart reaffirms April comps forecast (WMT) 56.69: Co said it still expects April sales at U.S. stores open at least a year to rise in the range of 4-6%, and said Easter sales were ahead of its expectations. 7:34AM Komag guides higher for Q1 (KOMG) 18.45: Company issues upside preannouncement for Q1 (Mar), revenues to exceed $118.2 mln, consensus $116.88 mln. 7:31AM Standard Micro reports in line, guides Q1 in line (SMSC) 27.1: Reports Q4 (Feb) earnings from continuing operations of $0.17 per share, in line with the Reuters Research consensus of $0.17; revenues rose 22.3% year/year to $52.1 mln vs the $52.4 mln consensus. Co also guides Q1, sees EPS of $0.13-0.17, vs the R.R. consensus of $0.14, and revenues of $51-55 mln, vs an estimate of $53.2 mln. 7:12AM Intel upgraded at ThinkEquity (INTC) 27.37: ThinkEquity upgrades Intel to Overweight from Equal-Weight in anticipation of significant margin expansion throughout 2004; while firm is not advocating that investors buy with an anticipation of big Q1 results or even positive Q2 guidance, they say the recent correction from overly optimistic models have been based on stale news/concerns (e.g. Dothan delay); firm's key assumption is that the materiality of this bad news is largely behind Intel and leverage will return as 300mm production ramps. While Intel is not cheap, firm says the stock is attractive given that it is trading at 18x their 2005 EPS est, and that despite record rev and earnings, the stock has already underperformed its peer group. 6:54AM Nanotech label is overused - NY Times : The NY Times reports that on Thursday, investment firm Asensio & Company faxed a letter to Eliot Spitzer, the New York attorney general, charging that misuse of the nano label has become a favorite tactic for fraudulent stock promotion. Asensio asked Mr. Spitzer to investigate Merrill Lynch for including many co's that have little or nothing to do with nanotechnology in an index of 25 publicly traded nanotechnology co's that Merrill introduced on April 1. "Investors are being harmed on a daily basis," said Manuel P. Asensio, chief executive of the investment firm. Juanita Scarlett, a spokeswoman for Mr. Spitzer, said that the office's first step in response to such a request would be an informal inquiry. 6:42AM BEA Systems and Veritas Software join forces to take on software giants - WSJ : The Wall Street Journal reports that BEAS and VRTS are teaming up to defend their mkt positions against IBM, Oracle, and other software-industry giants. Today, the two are expected to announce an engineering and marketing alliance that will package together their major products. Their joint offering for "utility computing," one of this year's hottest technology trends, is intended to help customers manage clusters of low-cost computers as a single system. The integrated products are expected to be available in the second half of the year. 6:38AM Microsoft settles InterTrust suit for $440 mln - NY Times (MSFT) 25.48: The New York Times reports that Microsoft plans to announce today that it has reached a $440 mln legal settlement and licensing deal with the InterTrust Technologies, a private co and a pioneer in the development of software to protect digital music and movies from piracy. The InterTrust settlement removes a threat to Microsoft's ability to deliver piracy protection technology in its software products for playing and handling digital media. The technology for digital rights management, analysts say, is crucial for Microsoft's plans to extend its Windows software into the emerging market for legally distributing music and movies over the Internet, in competition with rivals like Apple, RealNetworks, Sony and others. finance.yahoo.com

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