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

To: Gottfried who wrote (49589)	10/1/2010 8:16:10 AM
From: Sam	Respond to of 95587

G--ya make enough predictions, some are bound to be right, some are bound to be wrong. I laid what I think out there, we'll see what happens.

To: Gottfried who wrote (49589)	10/1/2010 11:15:29 AM
From: Kirk ©	2 Recommendations Respond to of 95587

Xilinx: Goldman Downgrades To Sell From Neutral; Shrs Slip By Eric Savitz Xilinx (XLNX) shares are coming under pressure this morning after Goldman Sachs analyst James Schneider cut his rating on the company to Sell from Neutral. He reduced his 2010 EPS estimate for the company to $2.40 from $2.55; for 2011, he goes to $2, from $2.60. Schneider notes that revenues from communications sector programmable logic devices are running 50% above prior peak levels of mid-2008, and 25%-35% above normalized levels; he thinks carriers are likely to reduce capital spending by about 5% in 2011. The analyst points out that Xilinx has higher exposure than rival Altera (ALTR) to wireline communications and defense applications, areas he sees under increasing pressure. “While we recognize that Xilinx and Altera are attractively valued relative to historical levels, we think Xilinx will underperform given the estimate cuts we see resulting from cyclical factors,” he writes. Adds Schneider: “Heading into year-end we think the market is likely to focus on carrier spending for 2011 – and on balance we expect datapoints to be more negative than positive. We also see increased risk of an inventory correction at communications OEM customers as component constraints ease.” XLNX this morning is down 17 cents, or 0.6%, to $26.47. I own ALTR but not XLNX.