Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 161.24

+2.4%

Nov 3 9:30 AM EST

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To: Cary Salsberg who started this subject	5/8/2004 5:09:38 PM
From: Elmer Flugum	Read Replies (1) of 10921

Performance Spotlight, Semiconductors The semiconductor business made a dramatic turnaround: An equal-weighted index of 87 U.S.-based and foreign ADR-traded semiconductor stocks is up 130% over the last 52 weeks. These companies showed quarterly profits of $8.3 billion versus losses of $9.2 billion one year earlier. These stocks now sell for an aggregate 61 times trailing 12-month profits. J.P. Morgan semiconductor analyst Christopher Danely warns that most chip stocks are now richly priced; he anticipates an oversupply of semiconductors by the end of the year. His short list of desirable companies includes: Xilinx, which makes programmable logic circuits used in third-generation cell phone transmitter stations. Danely expects earnings per share will climb from 78 cents in the fiscal year just ended in March to $1.20 in fiscal 2004. Integrated Circuit Systems, which trades at 22 times next year's consensus estimate of $1.17 a share. This firm, which makes timing circuits for computers and other gadgets, is cheaper than peers Power Integrations (28 times projected 2005 net) and Micrel (25 times). Microchip Technology, which makes microcontrollers used in products like antilock brakes and appliances. The consensus calls for earnings to rise from 65 cents a share in the March 2004 fiscal year to $1.07 next year. forbes.com Don't Forget Memory: forbes.com Bull & Bear: forbes.com (Free registration)

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