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Technology Stocks : Semi Equipment Analysis

SOXX 299.48

-4.8%

Dec 12 4:00 PM EST

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To: Czechsinthemail who wrote (13706)	3/4/2004 10:37:42 AM
From: Return to Sender	of 95579

From Briefing.com: MCHP to shelve plans for China assembly plant - AmTech (28.23 +0.09) AmTech says they discovered an interesting quote from Microchip's CEO in a trade publication story, which reported that the co was shelving plans for a China assembly plant; while this is a chip assembly plant and not a fab, firm says it is still somewhat odd for the co to already think about curtailing plans for expansion -- especially for a co like Microchip that derives its higher gross margins from being a low-cost manufacturer; firm speculates that perhaps there is more to be read about the co's true outlook for their business based on such a decision, rather than any "color" associated with a mid-qtr investor presentation. Factory Orders -0.5% vs -0.6% consensus 8:53AM Schwab Soundivew cites concerns over Cree; reiterates Underperform 23.56: Schwab Soundview notes industry trends for Cree are unfavorable and reiterates its underperform rating. The firm highlights concerns it received on its Taiwan trip regarding Nichia's unexpected price reduction of white LEDs for wireless applications by ~40%. Firm believes Cree's customers will need to meet Nichia's price move regardless of that co.'s motivation. Massive Taiwanese blue LED chip supply & licensing dynamic make the ASP environment hostile in 2004 as blue/white LED average selling prices could erode another 50% over the next 12 mos. 7:48AM CEOs are back in a hiring mode -- WSJ : The Wall Street Journal reports that chief executives at some of the biggest U.S. companies say they are back in hiring mode, a new survey shows, but it isn't clear whether they will create jobs on a large scale anytime soon. The Business Roundtable, an association of CEOs at big U.S. companies, said the latest quarterly survey of its members shows they expect "steady improvement in economic conditions" and "modest job growth." According to the article, in the latest survey, 45% of the CEOs predicted steady U.S. employment for their companies in the next six months, and 22% expected a decline. finance.yahoo.com I'm actually thinking about trading ISIL if it gets near 24.50 again. I just am not comfortable with the way the market is acting. Good luck Baird. Thank you everyone for taking my cautionary thoughts as just that and nothing more. I have no crystal ball to predict the future. All I have is a little technical and indicator analysis instead. I have been wrong so often that I have lost count. I just don't want to lose money due to being overly bullish at the wrong time. RtS

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