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Strategies & Market Trends : Galapagos Islands
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To: Oral Roberts who wrote (41861)6/10/2003 8:01:35 AM
From: orkrious  Read Replies (1) of 57110
 
I was kicking myself for not covering yesterday. However, BofA gave me a present this morning. We'll see if they buy the dip

07:32 ET BofA downgrades semi equipment stocks
Banc of America downgrades AMAT, KLAC, NVLS, and LRCX to Neutral from Buy, and downgrades CMOS to Sell from Neutral; firm is not optimistic that the earnings power of the semi-equipment group going into 2004 can sustain the current rally, as slower growth, heightened competition, and lack of new applications suggest that industry profitability will fall short of the 1990's cycles.
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