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Technology Stocks : Semi Equipment-Sell when they're singing in the streets
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To: Pink Minion who wrote (168)5/31/2000 2:24:00 AM
From: FLSTF97  Read Replies (1) of 276
 
I've seen many contracts with penalties, although I've never seen the penalties enacted. Nobody wants to infuriate the customer when they are down, because sooner or later they will need to go back and deal with them when the coffers are full.

Frankly I think that enforcing these penalties would ameliorate the double bookings, but I imagine that the only company strong enough to pull it off is AMAT.

Ian's comment about CEO being equally clueless about down turns, I have found to be true (hell I'm no better so I'm not trying to knock them). The only observation I can make is that at least in the last downturn AMAT was the first to layoff employees. So maybe they are better at assessing the situation or just better run.

I will throw out this comment: I remember an Analyst from one of the Swiss Banks (maybe Credit Suisse)predicting that the Maylasian currency problem would ripple across Asia and ultimately negatively impact Semiconductor/ Semi Equip companies. At that time I dismissed this as pure folly and promptly forgot his name. If anybody else noted this and knows this persons's name, I would like to proffer that we keep a closer eye on his analysis.

FATBOY

FATBOY
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