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Technology Stocks : Semi Equipment Analysis

SOXX 330.35

+0.5%

Jan 12 4:00 PM EST

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To: Proud_Infidel who wrote (15234)	5/18/2004 5:35:51 PM
From: Donald Wennerstrom	Read Replies (1) of 95708

Brian, I can't say that I am surprised at the reaction tonight. Nothing is good enough for the market these days. As documented on this thread, and others, the past few months, there is a substantial amount of the investment community that still believes little growth, if any, is left in 2004, and furthermore, 2005 will be a down year. CSFB is one of those naysayers(and they are not alone) still predicting about a 20 percent "haircut" in EPS for 2005 from 2004. Until this negative bias is "rooted out", gains in share price are going to be small IMO. Don

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