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Technology Stocks : Semi Equipment Analysis

SOXX 305.32

-0.2%

4:00 PM EST

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To: Donald Wennerstrom who wrote (11142)	8/22/2003 7:19:52 PM
From: Cary Salsberg	Read Replies (1) of 95645

RE: "...just think what would have happened if they didn't speak up when they did." The futures were slightly lower (-2 NASDAQ) before the INTC announcement. Without the INTC "speak", the NASDAQ would have opened down 2-5, trended lower to down 10-15 at 1 pm, and then rallied the rest of the session to close up 5-10. The big move in reaction to INTC (+35) on top of recent rally gains, set the market up for a day long correction. I suspect Monday will look like my description of Friday without INTC.

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