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

To: BWAC who wrote (17871)	8/10/2004 4:50:10 PM
From: Nancy	Read Replies (2) \| Respond to of 95641

dont listen to anybody. just post the FACT, not useless spint or cyber babble. 16:58 NSM National Semi falls 1.10 pts, 7%, in after hours on reduced guidance... analyst were out in front on this one (15.70 +0.08) -- Update -- As noted in the 09:28 comment this morning, analysts have cutting estimates on NSM. Yesterday, Merrill Lynch slashed its FY05 est to $1.02 from $1.33 and FY06 to $1.02 from $1.52 (both numbers were well below consensus). This morning, BofA Sec reduced its estimates on NSM and commented that they thought current Street consensus would likely prove aggressive... Briefing.com Note: Always surprised when market is taken off guard by an earnings warning when analysts are slashing estimates on consecutive days. Can't remember the number of times the past 6 months that numbers were taken down by multiple analysts, only to have co warn within the week, and the shares react as if the market was completely surprised by the event.