Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Return to Sender who wrote (1303)	11/28/2001 5:29:23 PM
From: Return to Sender	Read Replies (1) of 95383

Strong move down on the SOX today. I'm predicting further weakness with some psychological support at 500 and further support at 486. If that breaks down then 450 is not our of the question but there should be no repeat of the lows seen thus far on this cycle. All in all though it's a real mixed picture lately from the semiconductors. In the EMS space JBL gets downgraded while FLEX and PLXS essentially receive positive notice or upgrades. In RF Wireless chips Nokia's expectations for slower than expected growth almost certainly portends some profit taking in the group. Chip foundries are seeing higher than expected demand. Earnings estimates are moving higher for the Semi Equipment group. The Xbox is selling well affecting a number of companies. DVD's are selling well also positively effecting a number of companies. The trick here will be buying the best companies to play the expansion coming in the second half of 2002. RTS

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