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 155.15

+2.1%

Nov 26 3:59 PM EST

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To: Katherine Derbyshire who wrote (5901)	6/18/1998 8:40:00 AM
From: klaus pluszynski	Read Replies (1) of 10921

Re.: >The SEMI book to bill is sales by North American equipment >companies, therefore it's a safe bet that all the transactions take >place in US$. I can see two reasons, why the BTB should react favorably to a stronger yen: 1. US manufacturers will be able to better compete against their asian competitors. More orders go to the US and hence the order component in the BTB will rise, even if the overall market isn't growing 2. Winning an order in the asian region will bring in more $$$ when translated into USD. Again, a positive for the BTB. The yen stood at ~160 at the beginning of the decade. It declined to ~80 towards the middle of the decade. Look at the LT charts of semi equip mfgs to see the impact. If the unexpected happens and the Yen declines significantly over the next years, then those beaten down US High Tech manufacturers with heavy competition from Asia (semi eq., disk drive components) should stage a roaring comeback. Klaus

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