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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (20464)	9/5/2000 2:33:09 PM
From: Czechsinthemail	Read Replies (1) of 118717

CATS, along with other semi companies, may have some tough days ahead. Ashok Kumar's downgrade of Intel today with sequential growth estimated to drop from around 12% to around 6% may create a weaker sector climate for other chip companies. If PC sales weaken, you could see a ripple effect on other chip companies. Briefing.com mentioned weakness in Samsung (7 month low) attributed to weak memory prices. Spot prices for 64-megabit chips have declined 7% over the past 7 weeks. Though I think CATS has more attractive numbers than many other chip companies, it may be vulnerable to sector weakness. Semi stocks are challenging because everyone wants to get out before the next downturn. Even strong ones can get pulled down by the market undertow, and those with limited liquidity may hit air pockets if the selling increases. Now, with a slowing economy and the likelihood of revenue forecasts being revised downward, the downside risks look greater. I've completely exited from my semi equip holdings and lightened up a bit on ALSC. I think there is a reasonable chance of picking them up at lower prices down the road. BTW, Dale, congrats on HTEK.

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