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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

4:00 PM EST

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To: Donald Wennerstrom who wrote (15690)	6/14/2004 1:42:10 AM
From: Donald Wennerstrom	Read Replies (1) of 95581

Hmmmm - The "knives" are still out for the semis. edition.cnn.com <<TOKYO, Japan (Reuters) -- The Nikkei average rose by midsession on Monday as investors bid up construction and other domestic-demand-oriented issues, offsetting extended falls in some tech stocks amid fears of weaker global chip demand.>> [snip] <<Among exporters, the hardest hit were semiconductor-related shares. Tokyo Electron Ltd, the world's second-biggest chip-making equipment manufacturer, lost 2.63 percent to 5,920 yen following a downgrade last week by UBS and a report about oversupply in the chip industry from Deutsche Securities. Deutsche released another report about the industry on Monday, noting substantial falls in South Korea's Samsung Electronics and other Asian tech stocks on Friday. "We believe this marks the start of a downtrend in global tech stocks, and believe that the cyclical decline in share prices and product pricing will continue over the next three quarters," Deutsche technology analyst Fumiaki Sato said.>> [snip]

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