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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (1868)	12/8/1999 9:57:00 PM
From: Duane L. Olson	Read Replies (1) \| Respond to of 2126

Hi, Tim.... Thanks for the inputs... I see your support at 16.5, and consider that the likely bottom for this cycle (I'll be buying there). If it goes on down to that next level at 15.5, I'll buy more. John, Gruntal went to strong buy in April, which was, as I recall, when LTXX broke above 5/share: biz.yahoo.com Let me get that chart....hmmm well, somewhere around 5, anyway: siliconinvestor.com tso

To: Logain Ablar who wrote (1868)	12/9/1999 4:41:00 PM
From: John Miz	Read Replies (1) \| Respond to of 2126

Thanks for the Technical stuff Tim... Here's some recent analysis on the semiconductor industry that I found. December 8, 1999 Mona Eraiba Vincent A. Benedetti 212-820-3607 212-820-3605 eraibam@gruntal.com benedetv@gruntal.com Industry: Semiconductors & Electronics Semiconductor rally to continue well into 2000, and even 2001 in our opinion * Semiconductor Industry Association (SIA) revised upward forecast still too conservative. * After three years of capital spending cuts the stage is set for a powerful upturn. * Demand from North America and Asia is strong with Europe reviving, and Japan in early recovery mode. * The Internet is creating an upheaval in the technology sector and world economy that is driving demand. * Broad range of technology companies will be upgrading their infrastructures to deliver new products in 2000. * Year 2000 will likely have a windfall during the first half of the year in the corporate market. Summary and Investment Opinion Despite the strong performance of the semiconductor group during 1999, the semiconductor index (SOX) being up over 47% year-to-date, and in particular during the last month, where the (SOX) has increased over 17%, we believe that the rally will continue well into 2000 and even 2001. Our reasons are: Recently, the Semiconductor Industry Association (SIA) increased its forecast for industry worldwide growth for 2000 to 20.8% from 15%, and we believe that this revised number is still conservative. We expect the industry to grow closer to 25% in 2000. The industry continues to witness broad based demand across all product lines and geographies and since capital spending was curtailed for the last three years, the supply driven up-cycle thesis remains intact. After three years of cuts in industry capital spending, supply is tightening. We believe that the capacity binge of 1995 and 1996 caused the prolonged downturn, just as capital spending cuts during the last three years have set the stage for the current upturn. Moreover, the capacity added in 1996 and during the previous cycle is already becoming obsolete, and not cost effective. On the demand side the world economy has strengthened. North America is strong, Europe is reviving, and Asia is in a growing recovery mode. The only economy that is still lagging to some degree is Japan. The world economy will likely remain strong in 2000, and as Japan recovers, demand will be driven even harder. The Internet is creating an upheaval throughout the technology sector and the world economy. Massive upgrading of the telecommunication infrastructure is underway. More importantly, new high-speed infrastructure is becoming an urgent necessity. Whether optical or traditional all new telecommunication gear is underway worldwide. A broad range of Internet, telecommunication and technology companies raised tremendous capital during the last two years. This capital will be utilized to upgrade infrastructure and deliver new products in 2000 and beyond. Accordingly, we expect 2000 to be the year of massive investments in technology products. This will create strong demand for semiconductor components since the only way hardware products are constructed is by using semiconductors as building blocks. As the year 2000 approaches, the industry will likely have a windfall during the first half of the year in the corporate market. Many major corporations were busy worrying about the year 2000, and now that it will be upon us companies will start spending what was postponed. Moreover, some of the companies that will have problems relating to Y2K will have to replace and upgrade products during the first half of 2000. Accordingly, the semiconductor industry might not experience the seasonal lull in the first half of 2000. Additionally, the launch of Microsoft's (MSFT-NASDAQ-Not Rated-$93) Office 2000 will promote further demand opportunities for the sector.