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

To: Return to Sender who wrote (43078)	1/29/2009 10:39:52 AM
From: Sam	1 Recommendation Respond to of 95616

It seems like the great majority of reports are beating estimates (especially earnings, not so much revenues) for the past Q, and guiding below estimates for the coming Q, when any guidance at all is given. QCOM, LSI, CRUS, CLS all did this yesterday, as per the post I am responding to. Obviously everyone is being cautious, since visibility is so bad. But it is at least possible that we are setting up for a better market after Q1, if everyone is just being extra cautious now. Looking for a ray of hope. more on QCOM this morning: 08:11 QCOM Qualcomm: Color on qtr (36.82 ) Jefferies notes last night QCOM Reported CQ4 results at the high-end of guidance, yet guided CQ1 revenue below St. with EPS significantly lower due to one-time charges. Firm recommends investors buy shares as they believe it is the most significant beneficiary of the upgrade to 3G/4G due to its dominant product roadmap against floundering GSM competition and it is well positioned to build upon its monopolistic positioning in CDMA... Deutsche Bank expects the stock to remain a relative safe haven. Macro conditions could worsen, but Qualcomm's numbers now appear to have some leeway built in. Management indicated that they are modeling a worse 2H09 than the Street, which we interpret as prudent conservatism. The competitive baseband landscape is working in their favor. This will be a difficult year, but the company should be able to maintain, if not gain, share... Collins Stewart notes near term Qualcomm will hit speed bumps due to weak demand and ongoing inventory correction. Long term, the company is in a position to displace TXN at Nokia (NOK) increase share at Research in Motion (RIMM) and target iPhone. QCOM's technology and commanding market position bodes well for its financial performance in 2010 and beyond. briefing.com