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

To: Donald Wennerstrom who wrote (22043)	3/9/2005 10:01:26 PM
From: Donald Wennerstrom	Respond to of 95757

Of course, not everyone feels like the last post. Here is what S&P has to say about INTC. Discounted Valuation Of Intel Shares Seen Warranted 03.09.05, 1:03 PM ET <<Standard & Poor's Equity Research expects Intel (nasdaq: INTC - news - people ) to earn 27 cents per share in the first quarter, with sales down 5% from the fourth quarter "on normal seasonality." S&P Equity Research sees gross margin shrinking 100 basis points from the fourth quarter as Intel incurs startup costs from the ramp of its new 65 nanometer process technology. The research firm said, "Although Intel shares are trading below historical norms on price/earnings and price-to-sales, we believe the current discount valuation is warranted, given our macro concerns and our expectation of more moderate growth for the chip industry in 2005." S&P Equity Research reiterated a "hold" rating on Intel with a 12-month target price of $26.>>

To: Donald Wennerstrom who wrote (22043)	3/10/2005 7:36:54 AM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 95757

Don, PC's are doing just fine. This link is for an update from Komag, which makes disk drive platters, which nearly all end up in PC's. Of course that doesn't tell us the relative share of Intel and AMD. My bet is they are both doing better than their guidance last quarter. biz.yahoo.com Form 8-K for KOMAG INC /DE/ -------------------------------------------------------------------------------- 8-Mar-2005 Regulation FD Disclosure Item 7.01. Regulation FD Disclosure. At investment conferences on Wednesday and Thursday, March 9 and 10, 2005, respectively, Company executives will provide updates regarding conditions in the hard disk industry. Specifically, the Company expects to make the following comments: The Company is experiencing unseasonably strong demand in the first quarter of 2005. Assuming continuing strong demand through the remainder of the first quarter of 2005, the Company expects total revenue in the first quarter to be at or slightly above fourth quarter 2004 revenue of $131.2 million. The Company believes that factors that might be causing this are strong demand for enterprise products, as well as for consumer storage products, including multi-platter DVR/PVR and near-line storage products. The Company is starting to see an increase in the average number of disks being used per disk drive. The Company believes that this is based on the growth rate of multi-platter applications. The Company is experiencing strong demand from all four major disk drive customers. Based on early indications, demand for the second quarter of 2005 may also be stronger than normal seasonal patterns.