Both the downgrading of Xilinx and Altera, and the situation in Israel must be having an impact on SNDK shares. It's really uncanny how analysts seem to throw these semiconductor stocks into the same bowl, even though their markets are very different.
As for Israel, there is plenty of blame to go around on both sides, and it must raise fears about the security of expanding facilities in Israel. The Palestinians do not have a very good negotiator in Arafat. On the other hand, Sharon, in blatantly entering an area sacred to Muslims, acted provocatively, perhaps with some encouragement by Republicans who were searching for additional ways to discredit their nemesis Clinton and prevent him from getting credit for his efforts to get the two sides together. The basis for this speculation is a statement made earlier by a Republican advisor, who expressed the strong wish that the Israelis take an all or nothing attitude at Camp David. Another example of people who should know better messing around in foreign intrigue.
I have never seen a proposal that would provide an incentive for the Israelis and Arabs to live together in the contested neighborhoods, rather than create more ghettos. Certainly if companies like SNDK are to succeed in Israel, they will want to draw from a labor force that includes the best people, regardless of whether they are from Arab or Jewish or Christian backgrounds.
Art |
