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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	7/14/2001 3:23:05 PM
From: besttrader	Read Replies (2) of 37746

Why would anyone buy semi's after reading this? --> (From CYMI friday, right before the close) --> “At this time, we anticipate that operating results for the third quarter will fall substantially below second quarter results. We now expect a further decline in unit shipments as well as ongoing reductions in the sales of consumables from second quarter levels. We expect that total third quarter revenue could decline by 25 percent to 30 percent from the second quarter 2001 level, and we currently anticipate posting a loss for the third quarter of this year. We believe that the ongoing deterioration in the semiconductor industry, as evidenced by fab utilization rates that continue to fall and the announcements of production line shutdowns and fab closures, add significant levels of volatility and unpredictability to an already difficult business environment.” Also, how can MOT say Q3 to be better after CYMI and hundreds of other companies are laying off and going down the tubes?

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