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From Briefing.com - Semi Related News: 11:06AM Nasdaq Composite moves to new session low (COMPX) 2007 -24.50: -- Update -- -- Technical -- The index stabilized following the initial test of its 50 day simple mov avg at 2008 but has recently edged to a minor fresh session low. Thus far is holding near the 62% retrace of the rally off last wk's low at 2006 (session low 2005.42 with next supports at 2003/2000 and 1996/1995 (congestion as well as trendline off the March/April lows). Short term need sustained push back above the 2014/2016 area to help improve the negative tone.

10:14AM Sector Watch: Semi Index -- SOX -- : -- Technical -- Index (SOX 467.84 -0.1%) broke below support at 468 yesterday (Dec low, last wk's low) and extended the slide this morning. However, has rebounded off the low (463.79) and approached this short term resistance point (hit 467.76) before pausing. Next resistance is at 470 (200 day ema).

8:34AM August Tech beats by a penny, guides Q2 revs (AUGT) 13.18: Reports Q1 (Mar) net earnings of $0.08 per diluted share, $0.01 better than the Reuters Research consensus of $0.07; net revenues rose 148.5% year/year to $16.4 mln vs the $15.5 mln consensus. Co expects further revenue growth of 10-15% in Q2 based on growing interest in co's proven solutions, along with record shipments and backlog; R.R. consensus is revs of $17.5 mln.

8:33AM M-Systems beats by $0.02, guides above consensus (FLSH) 20.01: Reports Q1 (Mar) earnings of $0.11 per share, $0.02 better than the Reuters Research consensus of $0.09; revenues rose 32.9% year/year to $64.2 mln vs the $60.4 mln consensus. Company sees Q2 EPS at or above $0.11 vs consensus of $0.10 on revenues of $68 mln or more, consensus $64.6 mln

8:32AM AUGT prelim $0.08, penny ahead; revs $16.4 mln vs $15.5 mln consensus :

8:29AM FLSH prelim $0.11, 2 cents ahead; revs $64.2 mln vs $60.4 mln consensus; guides EPS outlook higher:

8:15AM Keithley beats by $0.06, guides Q3 revs above consensus (KEI) 19.7: Reports Q2 (Mar) earnings of $0.16 per share, $0.07 better than the Reuters Research consensus of $0.09; net revenues rose 30.8% year/year to $34.0 mln vs the $31.1 mln consensus. Co also guides, sees Q3 revenues of $33-35 mln, vs the R.R. consensus of $32.7 mln; co also expects pretax earnings to be in the high-single digits to low teens as a percentage of sales.