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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.40

+0.5%

Feb 2 4:00 PM EST

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To: Johnny Canuck who wrote (33083)	6/26/2001 6:58:05 PM
From: j g cordes	Read Replies (2) of 70378

Photronics (PLAB) saying the current environment is one the most severe that the company has experienced during its 32-year history. "To date, we have been notified of over 40 wafer fab shutdowns, varying in length form one to three weeks, that will take place before the end of our fiscal year in October," said Photronics president James L. MacDonald. Therefore, the company believes that the balance of 2001 will continue to be impacted by these conditions. Shares closed up $1.07 at $24.14 in regular trading. But in after-hours trade, shares slid 11 percent to $21.40.

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