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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: The Ox who wrote (5292)	9/4/2002 12:20:07 PM
From: Return to Sender	of 95572

The SOX is now hitting new 52 week lows. Lots of semiconductor stocks like ISIL have been getting hit hard for no new apparent reason. We have a technical breakdown. From Briefing.com: 12:05PM : The market averages opened the session on a firmer note as traders stepped in for a little bargain hunting in the wake of the recent breakdown. Inspiring market participants in early action were LSI Logic (LSI +4.3%) and Texas Instruments (TXN +2.3%) which reaffirmed earnings, a better performance for the dollar, European equity gains and some minor upgrades. The market has maintained its positive tone but follow through on the morning push has not developed with a choppy consolidation taking hold. The semi sector (SOX at 283.11), which has for the most part been able to buck another round of estimate cuts for Intel (INTC +0.5%) from Merrill Lynch and CSFB, is a concern as it is hovering precariously close to its 52-wk low at 282.75. Helping keep the tech dominated Nasdaq in the plus column are gains in networking, software, telecom, wireless, computer-hardware and storage. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+TER+TXN+XLNX&d=t RtS

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