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Technology Stocks : Semi Equipment Analysis

SOXX 331.90

-0.4%

Jan 14 4:00 PM EST

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To: Kirk © who wrote (46942)	2/24/2010 3:03:00 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (2) of 95720

Feb 24, 2010 1:09 PM AMAT: CFO Davis Sees Potential Pick Up In Flash Sector Orders Posted by Eric Savitz Applied Materials (AMAT) CFO George Davis today said the company sees several potential sources of continued demand strength in the second half of the year. Repeating a point the company made in reporting earning last week, the recovery the company has seen so far has been concentrated in a small number of large DRAM manufacturers. But Davis says there is reason to think the second half will see orders from Tier 2 DRAM players - and from some additional segments of the market, in particular NAND flash. Davis says the company isn’t certain when NAND sector spending will come back - but says that “when it does, it will come back in hard.” The AMAT CFO says you could also that some foundries could ramp up and buy next-generation equipment. And he notes that Taiwan DRAM players also could increase their spending in the second half. Davis made the comments today at the Goldman Sachs Technology and Internet Conference today in San Francisco. AMAT today is up 23 cents, or 1.9%, to $12.24. Note: AMAT and other semiconductor equipment stocks sold off yesterday after the Korea Times published an interview with Oh-Hyun Kwon, president of Samsung’s chip business, which indicated that the company is worried about a possible bubble in the memory sector. Kwon said that concern made Samsung hesitant to invest in migrating to new technologies - and that triggered selling in the shares, with AMAT down 44 cents, or about 3.5%. “It is true that the sector is getting hotter and hotter. But it is premature to say the market will continue the current upbeat mood throughout this year,” the Samsung exec said.

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