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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Pam who wrote (41941)	12/2/2008 8:45:01 AM
From: The Ox	1 Recommendation Read Replies (1) of 95616

Using SEMI's numbers, bookings will be down around 35% yoy and billings will be down about 30%. The declines have been substantial, if not staggering. Looking at Don's tables for the group and the SOX show the price declines have been even more negative for stock prices when compared to SEMI's data. I understand your negativity toward stocks in this sector. Clearly, the data points verify the lousy environment for this sector and the constant lowering of future expectations, by both the companies and the analysts, confirm this. At some point the market will begin to look past the downturn and into the future rebound. Let us know if and when you think the worst case has been factored into SCE stock prices. We are getting pretty close, imo. No hurry to rush into these stocks, thats for sure. If a rebound in the sector is in the cards for 2010, we should expect to see the stocks anticipate this by about 9 months. With this in mind, we are getting closer to the buying opportunity for the next boom phase but not quite there, imo. TO

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