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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.44+1.6%Nov 10 4:00 PM EST
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To: Johnny Canuck who wrote (36650)4/3/2002 11:26:16 AM
From: Johnny Canuck  Read Replies (1) of 67839
 
07:24 ET Merrill Lynch expects semi revs to be down 16.5% in March qtr
Merrill Lynch's Joe Osha expects the semi co's under coverage that report March qtr earnings to report aggregate revs down 16.5% YoY but up 1% sequentially, which compares favorably to the Dec qtr. Evidence continues to accumulate that the semi biz is moving into cyclical recovery, although evidence that actual end demand is improving is thin; believes that semi stocks are likely to be range-bound for the next qtr or so.
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