Thursday, August 5, 2010

Tech update from overnight -

·         Tech update overnight - overall pretty quiet in tech land as the June-end qtr earnings are coming to an end and the Jul earnings haven't started yet (CSCO kicks off the Jul earnings next week on Aug 11).  There were some interesting data points out overnight/this morning: for KLIC, recall at SEMICON a few weeks back the co mentioned that it had seen some order pushouts, a remark that spooked the whole semi industry.  In its earnings release last night, mgmt spent a lot of time discussing its order book and the tone was pretty bullish (KLIC said the one customer that had pushed out delivery had "quickly reversed course" and pulled some of those machines back into the Q).  AMKR had #s last night and there may be some disappointment w/the guidance (AMKR also is raising its capex, following inline w/other semi firms).  Away from earnings, press reports today indicate that GOOG and VZ are close to signing an internet data carriage pact that could serve as a blueprint for the industry and may finally put the net neutrality debate to bed.  Barron's is taking note of VZ's keynote at CES in early '11 and speculating that the firm may use the forum to unveil a CDMA iPhone.  Finally, the Commercial Times is reporting that some panel makers are reducing orders to LED vendors due to inventory adjustments (we will get a few LED data points in the next few days, w/RBCN tonight and CREE earnings next week).

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