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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject1/26/2004 10:14:51 AM
From: j-at-home  Read Replies (2) of 436258
 
BofA sees chip equipment stock correcting 30% (AMAT, NVLS, KLAC, TER) By Tomi Kilgore
NEW YORK (CBS.MW) - Banc of America analyst Mark Fitzgerald believes the semiconductor equipment sector have begun a correction that could send the stocks in the group down 30 percent. "It's not the end of the cycle but it is the beginning of the end of the momentum game," Fitzgerald said in a note to clients. "As momentum rolls over, the only support for semi-equipment will be valuation." Among chip equipment makers, Applied Materials (AMAT) was up 8 cents at $22.60, Novellus Systems (NVLS) was adding a dime to $39.99, KLA-Tencor (KLAC) was 10 cents better at $58.72 and Teradyne (TER) gained 12 cents to $27.80. Those stocks fell 7.7 percent, 6 percent, 5.6 percent and 8.6 percent, respectively, last week.

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"beginning of the end of the momentum game"

lol, what a bunch of crims .. it's their game after all

pump'm up and then knock'm down

valuation and fundamentals don't really mean chit
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