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

To: Return to Sender who wrote (53084)	8/6/2011 6:33:19 PM
From: Return to Sender	1 Recommendation Respond to of 95652

From Briefing.com: Weekly Recap - Week ending 05-Aug-11Aggressive selling this week took the S&P 500 more than 7% lower for its worst weekly performance in more than two years. The rout was rooted in concerns about the global economy, the lingering threat that the U.S. could lose its coveted AAA credit rating, and tenuous fiscal and financial conditions in Europe. Efforts by legislative leaders to raise the debt ceiling and institute new fiscal measures were discarded early this week when a disappointing ISM Manufacturing Index reading of 50.9 was released. That was followed by an ISM Services Index reading of 52.7. The consensus among economists polled by Briefing.com had called for respective readings of 54.0 and 53.7. The latest personal spending figures also disappointed. Spending reportedly slipped 0.2% during June, but had been broadly expected to increase by 0.1%. As a corollary, initial weekly jobless claims for the week ended July 23 failed to crack the 400,000 level. Still, by coming in at 400,000 on the nose, the tally remained below the upper bound (410,000) of the "Recovery Zone" for the second consecutive week. The ADP Employment Change proved to be a directionally accurate indicator of the nonfarm payrolls report that was released on Friday. The 117,000 positions added to nonfarm payrolls during July exceeds the 84,000 job additions that had been broadly expected. More impressive is that private payrolls spiked by 154,000, which is greater than the consensus call for private payrolls to increase by 100,000. The surprisingly strong pick up in hiring played a part in the headline unemployment rate's move to 9.1% from 9.2%, which is where it was widely expected to stay, but the dip is actually mostly due to a reduced labor force count. The better-than-expected jobs data aren't necessarily enough to protect the U.S. from a debt rating downgrade by S&P, though. Even though the other agencies have affirmed their AAA rating on the U.S., S&P, which is the most influential outfit among the agencies, has yet to issue a decision. The threat that S&P could cut its rating on the U.S. was also factored into trade this week. Fiscal and financial instability in the eurozone periphery not only spurred aggressive selling among the region's bourses, but imbued domestic trade as the threat of contagion exacerbated skittishness. Some of that concern was assuaged by an announcement on Friday that the European Central Bank will provide support to Spanish and Italian bonds if the two countries commit to specific reforms. That announcement helped stocks rebound from the 2011 lows that were set during trade on Friday. From its early May high to its low on Friday, the S&P 500 was down almost 15%, which more than makes for an official correction. Even though the broad market measure was able to work its way up from the depths of its intraday low, it still suffered a weekly loss of more than 7%. That makes for its poorest weekly performance in since November 2008. Index Started Week Ended Week Change %Change YTD % DJIA 12143.20 11444.61 -698.59 -5.8 -1.1 Nasdaq 2756.38 2532.41 -223.97 -8.1 -4.5 S&P 500 1292.28 1199.38 -92.90 -7.2 -4.6 Russell 2000 797.03 714.63 -82.40 -10.3 -8.8 SunPower (SPWRA) announced plans to own and operate a solar panel manufacturing facility in Mexicali, Mexico to meet the demand of a growing North American solar market. 09:38 am SanDisk initiated with a Outperform at Oppenheimer; tgt $65: . Oppenheimer initiates SNDK with a Outperform and price target of $65 saying shares currently trade at ~9x their CY12E EPS, which they do not consider justified given SNDK's world-class technology leadership, a cash cushion and a royalty stream from IP that contributes handsomely to profits. 11:11 am MIPS Tech Misses Fourth Quarter Expectations (MIPS) MIPS Tech (MIPS $4.36 -1.74) reported fourth quarter earnings of $0.04 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus Estimate of $0.07. Revenues fell 24.5% year/year to $17.6 million versus the $19.7 million consensus. "We had strong results for our fiscal year, but our fourth quarter proved to be more challenging than we expected. Despite macroeconomic uncertainty, we remain confident in the market opportunity, and we are taking the steps necessary to achieve long-term success."

To: Return to Sender who wrote (53084)	8/6/2011 7:01:56 PM
From: brokenst0nes	Read Replies (1) \| Respond to of 95652

From my side I'm not trying to point out anyone who bought WFR then, just an interesting fact that it is one of the worse performers from last cycle low, and how things were discussed then and what came to pass re oversupply, not having a pop at anyone in any way, just trying to learn some more and help others have some reference if they were interested in WFR. For the record I have no idea if anyone bought then, was just looking at some of Don's weekly updates to compare PE, PEG back then to now, and noticed the exchange. Not sure if it would be dropped for bad performance, maybe if its PV business SunEdison becomes a big part of its story going forward that could rule it out.