Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 157.09

-1.7%

3:59 PM EST

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To: Paul V. who wrote (3857)	12/16/1997 8:50:00 AM
From: Jay M. Harris	Read Replies (1) of 10921

Don't you remember that memory prices rebounded 50% before the big boys took you to new highs? Don't you remember what took AMAT to $17 pre split? I think it was rapidly declining memory prices. Guess what? Memory prices have declined -11% in Oct 97; -14% in Nov 97 and -28% in December 97 with no sign of letting up! They are currently declining faster than they did in 1996! Wall Street is currently modeling flat equipment growth in 1998. This is too high. Fabs MUST reduce production to survive! They are currently losing big bucks. Regards, Jay

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