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

To: willcousa who wrote (14452)	4/13/2004 5:32:37 PM
From: Return to Sender	Respond to of 95834

You may have hit on something there Will. Institutions do not have to simply invest in common stocks when other options that may offer decent returns with less risk are available. I think many of us are caught up in expecting the market to react to good earnings the way it did in 1999 and 2000. Here is what Briefing.com is saying about INTC's report: 4:36PM Intel Fallout (INTC) 27.66 +0.06: --Update-- INTC bouncing around in reaction to mixed results, currently down 0.20 from its closing price and having traded in a range of $27.00 to $27.95 since the report hit. Secondary names include AMAT -0.01, KLAC -0.20, NVLS -0.20, AMD -0.05... As noted in earlier preview, market wasn't expecting fireworks from Intel, and pretty much got what it expected (mixed results with generally in-line guidance). As a result, the fallout from Intel's qtr has been minimal. 4:25PM Intel beats on EPS, ex items, revs miss, guides revs in line (INTC) 27.67 +0.07: Reports Q1 (Mar) earnings of $0.28 per share, excluding a $0.017 charge, rounding up this is $0.01 better than the Reuters Research consensus of $0.27; revenues rose 19.8% year/year to $8.09 bln vs the $8.17 bln consensus. Company sees Q2 revenues of $7.6-8.2 bln, consensus $8.1 bln, sees gross margins of approximately 60.2%, which is generally being regarded as better than expectations. The company's capital spending expectation for 2004 is unchanged at between $3.6 billion and $4.0 billion. 4:20PM INTC reaffirms 2004 gross margin forecast of 62% : 4:18PM INTC sees Q2 rev $7.6-$8.2 bln, consensus $8.11 bln; gross margin 60% : 4:17PM INTC Q1 gross margins 60.2% vs approx 60% guidance : 4:16PM INTC prelim $0.28 ex-items? vs $0.27 consensus; revs $8.09 vs $8.17 bln consensus : And you know what they say about never shorting a dull market. I still expect some more weakness but a rally after that is far from out of the question in my humble opinion. RtS