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Technology Stocks : Semi Equipment Analysis

SOXX 298.01

-0.5%

Dec 15 4:00 PM EST

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To: Return to Sender who wrote (6709)	11/5/2002 9:16:40 AM
From: advocatedevil	Read Replies (1) of 95580

"Chips in for hit on AMAT job cuts" By Emily Church, CBS.MarketWatch.com Last Update: 8:41 AM ET Nov. 5, 2002 marketwatch.com snip: Credit Suisse First Boston said it estimated gross bookings in the October quarter will drop 15 percent sequentially to $1.5 billion, and that they expect the company to announce gross bookings in the January quarter are down another 10-15 percent. "We suspect that Applied would not have implemented additional reductions in force unless it believed that a cyclical recovery was not in sight over at least a two-quarter period," CFSB said. SG Cowen said: "While several short-term bright spots exist... we caution investors from getting overly exuberant as recent gains are unlikely to be sustained unless the overall order picture improves." AdvocateDevil

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