Paul, >Perhaps you might remember the Sumitomo Epoxy Resin factory explosion - around July 4, 1993 ?
That did impact - slightly - the IC assembly processes of most IC manufacturers.
No, take your word for it though.
Check this flip flop again from Salomon Smith Blarney that Brian Kerecz posted on AMAT.
Thursday, July 06, 2000
SSB on chip equipment stocks
--10:11 am - By Tomi Kilgore
The PHLX Semiconductor Index ($SOX: news, msgs) is getting a 1 percent lift. On Wednesday, the chip index fell 9.3 percent after Salomon Smith Barney analyst Jonathan Joseph downgraded the entire chip sector to a "neutral" rating from an "outperform," citing slowing unit shipments and chip price declines. On Thursday's SSB's Glen Yeung said the outlook for chip equipment stocks remained positive. He said that "while flash memory capacity is an area of concern, we believe DRAM, microprocessor and foundry expectations remain decidely positive;" he noted that these three segments account for 70 percent of capital spending. Among Yeung's highest rated stocks, Applied Materials (AMAT: news, msgs) is adding 7/8 to 84 5/16, Credence Systems (CMOS: news, msgs) is 1/8 lighter at 45 7/6 and KLA-Tencor (KLAC: news, msgs) is inching up 1/4 to 50 5/16.
He said that "while flash memory capacity is an area of concern, we believe DRAM, microprocessor and foundry expectations remain decidely positive
How does that not fly in the face of what JJ said yesterday?
Reserve a place in the Semi Analysts Hall of Shame for Jonathan Joseph.
Tony |
