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

To: Donald Wennerstrom who wrote (17625)	8/4/2004 9:13:18 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95648

From Briefing.com: 6:30PM Swing Trader: BDX : A lower opening leads to an afternoon recovery which finishes relatively flat for the day. Energy stocks took a beating as Crude oil prices retreated to 42.83 from its record high 44.34. The action in many oil names are finally starting to show some weakness; however, many of their intermediate term uptrends remain intact, so be cautious of their respective support areas if you're short. I will be watching for weak rallies to go short. Internets continued to underperform today. Semis appear to be picking up in volume as some "bottom-fishers" step in at its long term 50% retracement (continued) 5:32PM JDS Uniphase sells molded-optics business unit (JDSU) 3.34 +0.02: Triformix, Inc., a maker of precision-molded optical components for the communications, digital imaging, and instrumentation markets, announced it is acquiring the assets of the molded-optics business unit of JDS Uniphase (JDSU) for an undisclosed cash amount. 5:16PM Daily Sector Wrap : Trading continued to be dictated by the price of crude oil, which plummeted off of its recent highs, sparking a rally in the equity markets. Energy sector (-2.01%) sold off after also reaching new highs this week. Technology (+0.31%) was weighed down by negative earnings reports from InterActive Group and Ciena. Staples (+0.36%) and Utilities (+0.52%) performed well, as investors sought out defensive names. Industrials (+0.05%) and Materials (+0.16%) were slightly higher after positive Factory Orders. Traders awaiting the non-farm payroll number out on Friday...cont. 4:39PM Asyst beats by $0.02, ex items, guides Q2 EPS below consensus (ASYT) 5.59 +0.07: Reports Q1 (Jun) pro forma earnings of $0.04 per share, $0.02 better than the Reuters Estimates consensus of $0.02; revenues rose 211.0% year/year to $140.9 mln vs the $141.1 mln consensus. Company issues downside guidance for Q2 (Sep), pro forma sees EPS of $0.02-0.04, vs. Reuters Estimates consensus of $0.08, and revenues of $145-155 mln, vs consensus of $148.3 mln. 4:10PM O2Micro reports in line (OIIM) 9.97 -1.74: Reports Q2 (Jun) earnings of $0.10 per share, in line with the Reuters Estimates consensus of $0.10; revenues rose 15.3% year/year to $24.1 mln vs the $24 mln consensus. 4:07PM Western Wireless beats by $0.06 (WWCA) : Reports Q2 (Jun) earnings of $0.42 per share, $0.06 better than the Reuters Estimates consensus of $0.36; revenues rose 29.6% year/year to $465.4 mln vs the $385.1 mln consensus. 4:03PM Monolithic misses by $0.04, ex items (MOSY) : Reports Q2 (Jun) loss of $0.03 per share, ex items, $0.04 worse than the Reuters Estimates consensus of $0.01; revenues fell 24.4% year/year to $3.4 mln vs the $4.6 mln consensus. Thanks for the updated tables Don. RtS

To: Donald Wennerstrom who wrote (17625)	8/5/2004 2:07:49 AM
From: The Ox	Read Replies (2) \| Respond to of 95648

If we remove LTXX, PLAB, AMAT, FSII and CMOS (companies not included in your earnings table) from the 7/30 weekly update table you posted, we get a group share price of $341.95. Earnings for the group of 20 totaled $3.89 or, put another way, equal to $15.56 for a yearly number (if multiplied by 4). This gives the group of 20 who have reported a combined PE of 22 based on the current numbers multiplied by 4. If we remove the above 5 stocks from your weekly update's next year's estimates, we get expected earnings for the group of 20 reporting stocks of $26.86 (or 72% growth over the $15.56 figure). Forward PE for the group of 20 is 12.7 based on the 7/30 closing total of $341.95. A forward PE of less then 13 for stocks expected to grow eps by over 70%. What's wrong with this picture...?