Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: StockMan who wrote (29402)	3/3/1998 9:03:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1571936

ML & DMG are bearish on semis, part II Kurlak's comments came on the heels of utterings about near-term troubles from influential analyst Elliott Rogers of Deutsche Morgan Grenfell on Monday. Rogers lowered his short-term earnings estimates on automated test equipment maker Teradyne (TER:NYSE) because he's expecting lower booking orders for the company's first quarter. This, after Rogers had just told TheStreet.com at the SEMInvest conference two weeks ago that semi cap stocks had "gotten over the hump." Rogers' comments Monday sent the entire industry into a deep blue funk. Teradyne alone plunged 13%, or 6 3/16, to 40 5/16 by Monday's close. On Tuesday it fell another 9/16. Rogers' move was also surprising because he had just called Teradyne one of his two favorite stocks (the other is Applied Materials (AMAT:Nasdaq)) because it was a best-of-breed player in the test equipment field. He did reiterate his long-term buy rating on the stock. Rogers, a perennial Institutional Investor All-Star and semi cap equipment industry follower since 1984, was traveling in Europe and unavailable for comment. But he said in his report that Teradyne's first-quarter bookings could come in at $350 million, $50 million below his initial estimates of $400 million. If that's the trend for the group, then March will come in like a lion for semi investors.