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To: tejek who wrote (2912)	7/5/2000 9:28:36 AM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

From Briefing.com <<08:45 ET Chip Group : Salomon Smith Barney comments concerning peak in semiconductor cycle is beginning to weigh down the semiconductor equipment group. Firm sees good results this qtr and next before softening occurs... In pre-market trading, AMAT off 2 pts, NVLS -1 1/8, KLAC -1/2.>> Ian, I have to say that I have become increasingly concerned about the semi equip group because the chart patterns are looking toppy and one, by one, the charts of the secondary equip stocks are breaking down. This report by Saloman isn't going to help matters. Phil