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 153.34

-5.0%

Nov 13 3:59 PM EST

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To: Ed Beers who wrote (7199)	10/28/1998 7:51:00 AM
From: Mason Barge	Read Replies (1) of 10921

<<only the most bullish could consider stabilizing at .57 a good thing. >> LOL! No, I don't think I've heard anyone say this. A btb stabilizing at .9 would mean an industry headed for non-existence. At .57, sales are in a power dive. Those book values are going to look mighty flimsy after a couple of quarters of heavy revenue losses. The btb will certainly "recover" to .8 or so in the next couple of months, even if the industry continues its steep decline. The problem in this sector is that a btb of 1.2 or so will cause stock prices to rocket, even though many companies will still be in the red at that level, given the dismal booking rates for this summer and fall.

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