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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 (4244)	7/23/2002 2:21:45 PM
From: Return to Sender	Read Replies (1) of 95383

From Briefing.com: 1:38PM Semi Equip stocks unloaded as SOX nears 52-wk low : Sector leaders AMAT -6.7%, NVLS -8%, KLAC -4.5% near lows of day. As mentioned at 10:36, smaller player Kulicke & Soffa (KLIC 7.45 -1.40) is the latest name to have broken down to a 52-wk low. Notable that the SOX (345.64 -11.37) has managed a very minor bounce off its intraday low of 344.09. 1:30PM KLA-Tencor says Sept orders will be flat (KLAC) 41.10 -2.17: -- Update -- Soundview says that KLAC's CFO indicated that he expects the co to exceed guidance this qtr of at least 10% order growth, although Sept orders are expected to be flat; firm continues to believe that orders will be up in June by 15%, but says that the co is seeing a slight downtick in Sept orders, since they had previously said orders would be up. 1:19PM SOX sets up for test of 343.56 one-yr low 346.43 -10.58: 12:46PM SOX falls to session low; eyes 52-wk low : The retreat puts the SOX (350.60 -6.41) in danger of retesting its 343.56 one-yr low set July 11. This area also was probed July 3. 12:38PM Sanmina-SCI under review for possible downgrade by Moody's (SANM) 4.62 -0.59: Review is prompted by the erosion in SANM's operating margins and EBITDA, which have resulted in a substantial escalation of the co's debt leverage to 6.6x. 11:32AM Genesis Microchip tests resistance (GNSS) 8.24 +0.55: -- Technical -- Stock runs sharply higher in early trade amid modest volume but thus far has been stymied by resistance at its 20 day ema at 8.39 which contained the rally last week. A sustained break of the average and the July high (8.68) bolsters the short term positive case with initial resistance at 8.84 followed by 9.20 and 9.50 (bottom of June 14 gap). First level support is at 8.10/8 with follow through beyond 7.85 damaging the near term favorable scenario. finance.yahoo.com RtS

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