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Technology Stocks : Semi Equipment-Sell when they're singing in the streets -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (217)	7/5/2000 11:19:47 AM
From: Pink Minion	Read Replies (1) \| Respond to of 276

Salomon Smith Barney downgrades the semiconductor group from OUTPERFORM to NEUTRAL. Individual names being cut include AMD, TXN, NSM, SSTI. Timing seems suspect to me - Earnings seasons and Semicon trade show next week. “Though a slowdown in the group may take six to nine months, we see ‘first mover’ evidence of a trend reversal in decelerating industry unit shipments coupled with price declines,” analyst Jonathan Joseph wrote in a research note. Salomon added that the group might experience peak capital spending growth rates this year.