>>The $SOX is much more heavily weighted in the Semiconductor equipment companies 
than the SMH holder is. The $SOX is a price weighted index, and makes no accounting 
for market capitalization. Half of the SMH weight is INTC, AMAT, TXN.<

Thanks! I found this info on the AMEX web site:

For every 100 shares of SMH you purchase, you are buying the following amount
of underlying shares:

Stock  	                         Ticker  Share Amount
-------------------------------- ------  -----------
Advanced Micro Devices Inc. 	  AMD    4.00
Altera Corporation 	          ALTR 	 6.00
Amkor Technology, Inc. 	          AMKR 	 2.00
Analog Devices Inc. 	          ADI 	 6.00
Applied Materials, Inc. 	  AMAT  26.00
Atmel Corporation 	          ATML 	 8.00
Broadcom Corporation Cl.A 	  BRCM 	 2.00
Intel Corporation 	          INTC 	30.00
KLA-Tencor Corp. 	          KLAC   3.00
Linear Technology Corporation 	  LLTC 	 5.00
LSI Logic Corporation 	          LSI 	 5.00
Maxim Integrated Products, Inc.   MXIM   5.00
Micron Technology, Inc. 	  MU     9.00
National Semiconductor Corp.      NSM 	 6.00
Novellus Systems Inc. 	          NVLS   2.00
SanDisk Corporation 	          SNDK 	 2.00
Teradyne, Inc. 	                  TER    3.00
Texas Instruments Inc. 	          TXN   22.00
Vitesse Semiconductor Corporation VTSS 	 3.00
Xilinx, Inc. 	                  XLNX   5.00