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Technology Stocks : Semi Equipment Analysis

SOXX 306.14

+0.4%

Dec 24 4:00 PM EST

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To: Donald Wennerstrom who wrote (31401)	7/12/2006 11:17:54 AM
From: Donald Wennerstrom	Read Replies (1) of 95632

S&P Marketscope - July 07, 2006 11:16 AM ET From Standard&Poor's Equity Research. Here are the notes from Standard&Poor's Investment Policy Committee meeting, held on Wednesdays. Fundamental Outlook While we don't believe higher oil prices will be positive for economic growth and stock price performances, we think that $80 per barrel oil will not aggravate the expected economic slowdown or our forecast for its impact on core inflation. S&P equity analysts expect the following S&P 500 industries to post year-over-year increases in second-quarter operating earnings in excess of 80%: Independent Power Producers (147%), Gold (132%), Semiconductor Equipment (98%), Oil and Gas Refining and Marketing (94%) and Oil and Gas Drilling (82%).

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