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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 158.70+1.0%Dec 5 9:30 AM EST
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To: LLCF who wrote (3734)12/11/1997 8:44:00 PM
From: Proud_Infidel   of 10921
 
Looks like the third?? shoe has fallen. Just released from CBS MarketWatch 8:09 EDT Dec. 11
In the latest major blow to the chip-making equipment group, Hyundai Electronics reduced 1998 orders from Applied Materials Inc. to the tune of $100 million to $200 million, according to UBS Securities analyst Mark Fitzgerald. Looking ahead, Fitzgerald, who downgraded Applied to a "hold" in October, has even lower expectations for the industry.

"The Asian situation is going to take a while to play out," Fitzgerald said. "The question is when they'll become good buys again, but we're reluctant to jump in right now. I think the next three months holds even more bad news.

Among other casualties in the chip-equipment group, Kulicke & Soffa Corp.ÿtumbled 6 3/4 to 18 1/8, saying it will not meet First Call's first-quarter consensus estimate of 38 cents a share. See Earnings Warnings.

Kulicke & Soffa said Korean customers are rescheduling orders due to uncertainty about the economy as that nation's currency crisis took a new turn for the worse. See related story.

Lattice Semiconductor Corp.ÿ fell 3 1/8 to 55 3/8 after revealing its Korean sales and distribution partner is insolvent, which puts the company's $3.5 million in orders at risk. If not delivered, the orders could decrease sales by 5 percent.

Quantum, Seagate
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