Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 160.11

-3.8%

10:10 AM EST

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To: Rock who wrote (10543)	7/24/2002 1:46:13 PM
From: Cary Salsberg	Read Replies (1) of 10921

At the beginning of 2001, when I made my price ranges for the 7 I decided to buy, I used book value as the primary measure for semi-equips. I used sales and earnings levels for the semis. I believe that the leading semi-equips are improving their performance relative to the industry and I adjusted my range up for that. Yesterday, an analyst called a bottom on NVLS because it was selling @ 2.3 book compared to the bottom in '98 ('96?) of 1.9. The bottom of my range is $25, 2 x book adjusted up.

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