Semi Equipment-Sell when they're singing in the streets Message Board

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Technology Stocks : Semi Equipment-Sell when they're singing in the streets

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To: Logain Ablar who wrote (217)	7/5/2000 11:19:47 AM
From: Pink Minion	Read Replies (1) of 276

Salomon Smith Barney downgrades the semiconductor group from OUTPERFORM to NEUTRAL. Individual names being cut include AMD, TXN, NSM, SSTI. Timing seems suspect to me - Earnings seasons and Semicon trade show next week. “Though a slowdown in the group may take six to nine months, we see ‘first mover’ evidence of a trend reversal in decelerating industry unit shipments coupled with price declines,” analyst Jonathan Joseph wrote in a research note. Salomon added that the group might experience peak capital spending growth rates this year.

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