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Technology Stocks : Amkor Technology Inc (AMKR)

AMKR 44.28

+1.0%

Feb 5 3:59 PM EST

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To: Mario who wrote (165)	4/20/1999 11:27:00 AM
From: tech101	of 1056

SEMIndex (www.semindex.org) Closes at 123.45, Down 3.79 MOUNTAIN VIEW, Calif., April 19 /PRNewswire/ -- SEMIndex, a global equity index of 62 manufacturers of semiconductor equipment and materials, closed today at 123.45, down 3.79 or 3.07 percent from its previous close of 127.24 on Friday, April 16. ''The decline in SEMindex today was probably more attributable to macro market issues rather than specific industry dynamics,'' said John Pitzer, an equity analyst with Prudential Securities in Palo Alto, Calif. ''Technology issues in general showed weakness as the momentum in growth stocks over the last few days has waned. We continue to believe that the semiconductor capital equipment industry is in the early stages of a recovery from the downturn which plagued fundamentals throughout 1998. We believe that tomorrow'srelease of the March book-to-bill data will help to confirm this belief. This week's news should be dominated by earnings reports and we expect most of our companies to report better than expected bookings for the March quarter. However, positive earnings announcements might continue to be muted by continued sector rotation out of technology.'' ... SOURCE: SEMI biz.yahoo.com

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