Bob, Thanks for your long reply. As you point out, I also think we are close to the bottom, but it would be nice to "get to it" and get it over with.
RtS, I told you last night "they" would have the posse out early today, rounding up the semi-equips so they could "finish them off".<gg>
07:40 ET Morgan Stanley cuts estimates for semi equipment co's : Morgan Stanley cuts semi capex forecasts for 2002 to -20% from -15% and for 2003 to +20% from +30%, saying they believe that the recovery is still underway but that consensus numbers suggest unrealistic growth; cuts price targets and/or estimates for AMAT, CYMI, AEIS, ACLS, DPMI, KLAC, KLIC, LRCX, LTXX, NVLS, PLAB, TER, VSEA, CMOS, EGLS, and MTSN.
Don |
