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Technology Stocks : Semi Equipment Analysis
SOXX 289.38-3.4%Nov 13 4:00 PM EST
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To: robert b furman who wrote (30723)5/30/2006 10:19:33 AM
From: Kirk ©  Read Replies (2) of 95413
 
100 million to just Intel should be a boost to another company.

From:

"Merriman analyst David Duley said ending the flash-memory project is a big blow to Credence. He estimated the project could have added as much as $100 million annually to the company's sales. Duley cut his rating on Credence to neutral from buy."

I think the $100M might stay at Intel as they cut costs. I hear they might simply get out of unprofitable businesses. I believe their Flash line is a loser as they try to compete with others with lower costs.

Kirk
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