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Technology Stocks : Semi Equipment Analysis

SOXX 337.35

-1.5%

4:00 PM EST

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To: sixty2nds who wrote (28767)	2/22/2006 10:39:34 AM
From: Donald Wennerstrom	Read Replies (1) of 95742

Here is another writeup on the same downgrade. <<Intel shares fall after analyst cuts rating to sell Wednesday Feb 22 2006 10:29:37 EST Feb 22, 2006 (XFN via COMTEX) -- NEW YORK (XFN-ASIA) Intel Corp. shares fell more than 1% in pre-market trading Wednesday after a Wall Street analyst cut his rating on the stock to sell from accumulate. The shares fell to $20.38 after Eric Ross of ThinkEquity Partners downgraded the world's largest computer-chip maker, writing in a note to clients that he believes "Intel is building excess inventories" among the PC makers that use its chips. Intel also began a rebate program in January to boost sales, Ross wrote, and added "we believe Intel is having a tough February and is unlikely to make it up in March." Ross also lowered his sales and profit estimates for Intel's current quarter and fiscal year.>>

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