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

To: Kirk © who wrote (26288)	10/25/2005 11:18:39 AM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95931

Kirk, Bob, RtS, Etch, Thanks for your inputs, but let me jump to TXN today and the "inventory" issue. << DJ US Tech Sector Dragged By Texas Instruments, PortalPlayer 11:01 ET DJ US Tech Sector Dragged By Texas Instruments, PortalPlayer 25 Oct 11:01 By Matt Andrejczak SAN FRANCISCO (Dow Jones)--Texas Instruments Inc. (TXN) and PortalPlayer Inc. (PLAY) fell early Tuesday, weighing on the broader technology sector. PortalPlayer, a major component supplier to Apple Computer Inc.'s (AAPL) popular iPod music player, sank more than 20% to $22.18 as investors weighed the company's fourth-quarter outlook and its plan to sell 4.5 million shares in a secondary offering. A trio of Wall Street brokerages downgraded the stock. SG Cowen analyst Shawn Slayton said he's less bullish on PortalPlayer due to flat earnings growth and "intensifying execution risk." Late Monday, Portal Player reported net income of $10.3 million versus $3.16 million in the year-earlier period. Texas Instruments, the nation's second-largest chipmaker, came under pressure, slipping 6% to $29.05. Late Monday, TI reported profit rose 12% from the year-ago period. But some investors expressed displeasure with the company's revenue forecast for the current period as TI said it might not have enough inventory to fill orders. Broadly speaking, the tech-rich Nasdaq Composite Index lost 2.3 points to 2,014. The Morgan Stanley High Tech 35 Index, the Goldman Sachs Hardware Index, and the Philadelphia Semiconductor Index all fell more than 2 points. Other percentage decliners included Altera Corp. (ALTR) and Lexmark International Group Inc. (LXK). Altera fell 6.8% to $16.51 in the wake of its latest earnings report as analysts fretted about the company's gross-margin and sales forecast. J.P. Morgan cut the maker of logic chips to neutral from overweight, citing deteriorating gross margins. Lexmark fell 5.8% to $40. Early Tuesday, the maker of printing and imaging hardware and supplies reported its third-quarter profit fell to $70.2 million from $156.1 million.>>