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

To: Donald Wennerstrom who wrote (49241)	9/4/2010 8:29:13 PM
From: Donald Wennerstrom	2 Recommendations Respond to of 95615

Shown last week was a chart of the SOX showing the present 18 week downtrend in the index. This chart has been updated to show the 19th week of the downtrend. First, note that the index established a new intraday low for this year at 305.79 set on Tuesday. The lowest point for the index prior to Tuesday was during the week of Feb 1 at 310.34. From Tuesday's low, the index rebounded to close at 328.71 for the week. So while it violated the 320 line during the week, the recovery put it the index well up into the present down channel. Secondly, the last 3 weeks have shown a flat type trading range as if a bottom might be trying to form. The 4th week back was strong enough to the downside to bring the index down to a new trading level for the last 3 weeks. Prior to that time, the trading range was relatively flat in the 330 to 370 range. I think there are a lot of forces at work that may signal a bottom for the semis here. We will just have to wait and see over the next several weeks if an uptrend can be established. Last week, Wed, Thurs, and Fri established a nice reversal. Next week ought to be very, very interesting for the index.

To: Donald Wennerstrom who wrote (49241)	9/7/2010 5:52:35 PM
From: FJB	Read Replies (1) \| Respond to of 95615

UPDATE 1-Chipmaker Altera raises quarterly sales forecast 4:59pm EDT * Chipmaker Altera increases sales guidance * Company to report quarterly results on Oct. 19 (Adds details throughout) SAN FRANCISCO, Sept 7 (Reuters) - Programmable chipmaker Altera Corp (ALTR.O: Quote, Profile, Research, Stock Buzz) said on Tuesday its was increasing its guidance for quarterly revenue growth to between 10 percent and 14 percent sequentially due to expansion across its main markets. The company, which along with competitor Xilinx Inc (XLNX.O: Quote, Profile, Research, Stock Buzz) dominates the programmable logic chips market, had previously estimated third-quarter sales would expand between 4 percent and 8 percent over the prior quarter. "The telecom and wireless vertical market is on track to be the fastest growing portion of the business, driven in large part by 3G wireless deployments and needs for additional wireless backhaul capacity," Altera said in a statement. Analysts polled by Thomson Reuters I/B/E/S on average had expected Altera to increase its third-quarter revenue by 6 percent from the prior quarter. In the second quarter, Altera posted revenue of $469 million ,and it is expected to report third-quarter results on Oct. 19. (Reporting by Noel Randewich)