Well Beeble, do you think I should sell.. remember how NN broke out twice to the upside after a moment of consolidation.
Is this 'news'commentary in the market? Or is there a lot more to come?
"Monday March 30, 2:17 pm Eastern Time
Company Press Release
INFRASTRUCTURE Assesses Slowdown in the
Semiconductor Industry
DALLAS--(BUSINESS WIRE)--March 30, 1998--INFRASTRUCTURE, <http://www.infras.com>,
the independent research and analyst group which provides expert information on the semiconductor, FPD and related industries, has just released a special report characterizing the current slowdown in the
semiconductor manufacturing industry. Titled ''Patience Is A Virtue!'', the report reviews several pieces of industry data and makes observations on the outlook for the sector.
Carl Johnson, INFRASTRUCTURE's president, commented, ''Weakening business conditions have caused us to take a cautious outlook toward the semiconductor and semiconductor equipment industries.'' He added, ''During these difficult periods, we often suggest to our subscribers that they exercise patience while selectively applying capital to the market.''
''We see several signs indicating that these slower conditions could last longer than most investors are expecting,'' commented Ron Leckie, INFRASTRUCTURE's CEO, ''However, we still have a very strong belief in the long term future of technology.'' He added that ''turmoil in the South East Asian economy, very weak device prices and some slowing in unit volume shipments are taking a short-term toll on the industry.''
The report mentions several companies, including Analog Devices, Inc. (NYSE:ADI - news); Applied Materials, Inc. (Nasdaq:AMAT - news); Compaq (NYSE:CPQ - news); Credence Systems Corp. (Nasdaq:CMOS - news); Fujitsu; Hitachi; Intel Corporation (Nasdaq:INTC - news); KLA-Tencor
Corp. (Nasdaq:KLAC - news); Kulicke & Soffa Industries, Inc. Nasdaq:KLIC - news); Linear Technology. Inc. (Nasdaq:LLTC - news); Micron Technology (NYSE:MU - news); Microsoft, Inc. (Nasdaq:MSFT - news); NEC Corp [Nasdaq:NIPNY - news].; Novellus (Nasdaq:NVLS - news);
Sony Corp [NYSE:SNE - news].; Teradyne, Inc. (NYSE:TER - news); and Toshiba. " |
