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Technology Stocks : Semi Equipment Analysis

SOXX 303.84

+1.3%

Dec 22 4:00 PM EST

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To: Donald Wennerstrom who wrote (807)	7/22/2001 1:34:16 PM
From: Return to Sender	Read Replies (2) of 95627

Looks like First call may lower their estimates on VECO which is the top of the PE/G List where it was expected to earn $2.34 next year: CSFB already has lowered their outlook: thestreet.com Veeco Slumps on CSFB Downgrade By TSC Staff 7/16/01 9:11 AM ET Semiconductor test equipment maker Veeco Instruments (VECO:Nasdaq - news - commentary) was down 5.2% in preopen Island trading after Credit Suisse First Boston downgraded it to hold from buy. The move comes amid the continued downturn in semiconductor capital spending. CSFB also said it expects new order for the company to continue to be poor. It cut Veeco's 2001 earnings estimate to $1.30 per share from $1.80 and sliced its 2002 outlook to $1.50 per share from $2.35.

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