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Technology Stocks : Semi Equipment Analysis

SOXX 309.36

+2.2%

4:00 PM EST

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To: Donald Wennerstrom who wrote (11882)	9/28/2003 8:59:25 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 95519

>> I don't have a clue as to why that performance happened, but for now, it is not looking good at all. Hi Don. Nothing to fret about in LSI. It had tripled in the past 6 months, so it is entitled to a little sell-off of 20%. Notice that LSI did not drop on any day that the NASDAQ did not drop. And in fact, being 20% below the 52-week high is not really a dis-honor, since Altera which relies on similar customers is also down 20%. And Xilinx also is down. With the absence of tech earnings news, selling begets selling. But there's nothing to fear. Negative warnings are non-existent. And the October - the bear killer - is neigh. Sarmad

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