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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Donald Wennerstrom who wrote (3586)	6/21/2002 10:36:58 PM
From: Return to Sender	Read Replies (1) of 95541

Don, thanks so much for posting these tables. MU's earnings estimates will no doubt be coming down soon. From Briefing.com: Micron (MU) 18.79 +0.39: UBS Warburg cut MU to HOLD from Buy based on the belief that the slower growth outlook for PC demand has effectively delayed the acceleration in DRAM demand, and that the projected increase in supply will likely match the projected increase in demand in 2002 or early 2003; cut FY02 est to ($0.38) from ($0.16) and FY03 to $0.41 from $1.51 (both well below consensus) based on lowered DRAM price assumptions in 2002-03; cut price target to $17 from $45. I wonder how many other stocks in the SOX will have estimates cut soon besides MU? These weekly losses are really adding up but there still is no sense of real panic. RtS

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