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Technology Stocks : Semi Equipment Analysis

SOXX 342.47

+1.6%

Jan 16 4:00 PM EST

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To: advocatedevil who wrote (8311)	1/30/2003 8:47:25 AM
From: advocatedevil	Read Replies (1) of 95738

"Electroglas Reports Fourth Quarter 2002 Results" biz.yahoo.com snip: "...Concluded Wozniak, "Overall, the outlook for semiconductor equipment during 2003 is of slowly improving conditions. Most expectations for the year are for a slow first half, with better growth in the second half, leading to a full recovery in 2004 as utilization continues to increase with semiconductor demand. The general range of forecasts by independent industry analysts for 2003 is for the equipment industry to increase between 7-18%. Against this outlook, we are continuing to reduce the breakeven point of Electroglas through significant spending reductions. However, we are continuing to focus on new-product development to insure we are ready to benefit from the next expansion in the industry." AdvocateDevil (edit: sorry, I now see that RtS just posted this news)

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