Apparently it's time to "dump" on the semi and semi-equip sector this morning. After the big rise last week in the semi-equips, Lehman decided to "lower the boom" today. From Briefing.com
<07:14 ET Lehman Cuts Semi Equips : Lehman Brothers lowering investment rating on AMAT, ASYT, ACLS, CYMI, KLAC, KLIC, LTXX, MKSI, NVLS, PRIA, TER, TWAV, VSEA, ZIGO, ADTK... says timing of a recovery continues to be pushed out... notes that two major semiconductor equipment companies have expressed the view that the industry may not recover until 2003... with the exception of KLAC, no longer recommends purchasing shares of U.S. companies in the semiconductor production equipment sector.> |
