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Technology Stocks : KEMET Corp.
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To: techtonicbull who wrote (791)11/1/2000 6:22:47 PM
From: SJS  Read Replies (1) of 906
 
Here's why we were weak today:

JP Morgan on the Semis : Firm says at long last they are backing off from their universally bullish call on the semiconductor sector and and semi cycle; cites weakness of the SOX down 46% from its March high and notes that they've been focused on supply and that like in 1998 the issue this time around is demand which is weaker than expected-bringing the supply and demand curves together sooner than expected; firm downgrades XLNX, STM, MXIM, LSI, LLTC, LSCC, KEM, ADI and IRF.
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