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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Jacob Snyder who wrote (52377)	6/11/2011 4:13:00 PM
From: Kirk ©	Read Replies (1) of 95383

I want to counter some of your arguments just for the sake of debate. I think you raise good points but some things have changed. This is on-topic, because: 1. Chips are mostly used in consumer (and business) discretionary items. When consumers cut spending, they stop buying new cellphones; when companies need to cut spending, they defer replacing their PCs. You have to buy food and gasoline, but you don't really need the latest smartphone. It used to be during recessions that only sure bets were movie theaters. My father told stories about how his parents used the movie theater and a bag of popcorn as a baby sitter so they could work at the soda fountain on Saturdays to make ends meet during the GREAT DEPRESSION and the war years that followed. Today movies are nearly $20 with food and gas to get there. A movie every weekend is $100, give or take when you ad gas to drive the kids there. Get them an XBox, iPad or netbook and a Netflix subscription and you are saving money over movies and they can sit at home and get fat on food you put in the fridge for them. My parents paid for me to have my own phone in high school to free up their main phone. With free calling on weekends and after 7PM, kids now all have cell phones and learn responsibility by not using it when it costs money.... Those items all break and need replacement.... usually much more often than a desktop PC.

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