Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Return to Sender who wrote (10377)	7/2/2003 12:19:49 PM
From: Donald Wennerstrom	Read Replies (2) of 95530

A good case of "cause and effect" with the downgrade of Novellus by J.P. Morgan this morning. From Briefing.com: 7:41AM Novellus cut to Underweight at JP Morgan (NVLS) 36.61: JP Morgan downgrades to Underweight from Neutral and cuts their 2004-05 ests well below consensus based on lower rev and reduced margin expectations, as they expect pricing pressure to linger as well as a drag effect from under-performing product lines. The four semi equip stocks in the SOX, AMAT, KLAC, NVLS and TER are the only ones in the "red" this morning. All the others are in the "green" and a couple like LSI and MU are up over 5 percent. Don

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