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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

4:00 PM EST

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To: Donald Wennerstrom who wrote (10635)	7/17/2003 7:50:16 PM
From: Donald Wennerstrom	Read Replies (1) of 95487

The trend of the Group earnings estimates can be seen from the following table. Even through this past week the Group earnings are decreasing. - FIRST CALL SUM - EARNINGS EST TWO - DATE CURR YR NEXT YR YEARS - 12/19/02 -13.80 2.74 -11.06 - 2/14/03 -11.86 9.47 -2.39 - 6/7/03 -13.80 8.19 -5.61 - 6/12/03 -13.87 7.68 -6.19 - 6/19/03 -13.92 8.07 -5.85 - 6/26/03 -14.07 7.53 -6.54 - 7/3/03 -14.12 7.32 -6.80 - 7/10/03 -14.17 7.27 -6.90 - 7/17/03 -14.29 7.27 -7.02

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