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Technology Stocks : Semi Equipment Analysis
SOXX 344.71-1.1%Jan 23 4:00 PM EST

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To: Donald Wennerstrom who wrote (14126)3/21/2004 6:05:37 PM
From: Donald Wennerstrom  Read Replies (1) of 95761
 
During the past 9 weeks, the mean target prices projected by the "analysts" for the Group have continued to increase, for the most part, while the stock prices have continued to go down. The table below shows this situation for the past 9 weeks. The first 2 columns show the difference in mean target prices for the past 9 weeks. The 3rd column shows the delta between the first 2 columns and the 4th column shows the percent change for the first 2 columns over the 9 week period. The 5th column shows what has actually happened, in percentage terms, for the Group. In general, while the mean estimates have been going up, the stocks have been "tanking" big time. At the bottom line, while the mean target prices were increased by 9 percent, the Group was down -24 percent.

- 9 WEEK
- 1/17/04 3/19/04 PCT PCT
SYMBOL MEAN MEAN DIFF DIFF CHANGE
AMAT 27.98 29.91 1.93 7 -17
ASML 21.33 23.57 2.24 11 -23
ASYT 20.67 18.89 -1.78 -9 -55
ATMI 32.33 31.17 -1.16 -4 -11
BRKS 27.68 28.44 0.76 3 -29
CMOS 18.22 20.19 1.97 11 -33
COHU 26.50 25.00 -1.50 -6 -17
CYMI 50.22 48.57 -1.65 -3 -27
DPMI 25.50 26.29 0.79 3 -8
EGLS 1.00 1.00 0.00 0 -24
FSII 9.75 9.75 0.00 0 -19
HELX 22.33 28.67 6.34 28 -9
KLAC 60.10 70.47 10.37 17 -20
KLIC 17.71 22.29 4.58 26 -27
LRCX 34.30 38.58 4.28 12 -32
LTXX 19.86 25.29 5.43 27 -26
MTSN 13.50 17.67 4.17 31 -25
NVLS 46.00 44.22 -1.78 -4 -30
PHTN 40.07 47.93 7.86 20 -26
PLAB 24.67 23.88 -0.79 -3 -20
SMTL 14.00 21.00 7.00 50 -7
TER 24.09 32.30 8.21 34 -30
UTEK 37.33 37.33 0.00 0 -34
VECO 28.75 31.60 2.85 10 -21
WFR 15.00 15.43 0.43 3 -28
TOTALS 658.89 719.44 60.55 9 -24
SOX-X -17
COMPQX -9
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