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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (15805)	6/18/2004 9:42:04 AM
From: Sam Citron	of 95536

6:12AM Semi equipment stocks becoming buying opps after book-to-bill data -- WR Hambrecht : WR Hambrecht says recent selling pressure on semi equipment stocks may continue this morning in response to a slight decline in the industry book:bill to 1.11:1 from 1.13:1 (and a front-end B:B of 1.09:1 vs. 1.12:1) on slightly higher sales. SEMI's monthly equipment order figures for May were flat with April and in line with expectations. Process equipment orders for MayQ were up 20% from FebQ, and 129% from a year ago. Back-end order growth figures were similar month/month and quarter/quarter and rose 88% from a year ago. The firm believes that the flattening of orders is mainly seasonal and look for renewed order growth (and a rally in the stocks) by autumn in response to continued strength in electronics demand and semiconductor production. The industry's normal seasonality and the transitional between technology nodes are only temporary and are creating an excellent buying opportunity in these stocks. www.briefing.com

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