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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (25205)	10/17/2000 3:34:43 PM
From: Ian@SI	Read Replies (1) \| Respond to of 25960

Zeev, I agree that the "respected analysts" alone are not responsible for the selloff. I do think that one particularly brain dead incompetent has helped set up an unreasonable climate of fear, more because he comes from a house with a recognized name than because of any intellect. With fear heightened, KLIC's pushouts were deadly but somewhat contained. SFAM and PRIA's supply chain problems were grossly exaggerated. KLAC's business prospects have been completely ignored. The NVLS selloff is something which I just don't understand. The company chose to take a fiscally prudent course rather than let its suppliers rape it. So the market did the job instead. TER, in the test sector, legitimately got trashed for its forward guidance - but at less than 1/4 of its 52 week high, are its prospects reflected in its price? I suspect that the market is fearing another global recession similar to the Asian Contagion possibly brought on by high oil prices. As such, it's ignoring all fundamentals and pricing cyclicals and growth stocks for that expected recession. Personally, I think that the market is about to move its track record from prediction 12 of the last 3 recessions up to predicting 13 or the last 3 recessions. But who knows when it will replace that fear with some other emotion? Ian.

To: Zeev Hed who wrote (25205)	10/17/2000 3:35:16 PM
From: SpecialK	Read Replies (1) \| Respond to of 25960

Ian, Zeev, enjoy reading your comments on the health of the industry. I actually wonder if the semi equips need the BTB to drop to move higher. Compare with the home building industry, great results over the last few years, with all the new home sales and building going on. Yet the stocks went nowhere. Home sales growth slowed down several months ago and an analyst upgraded the sector, it's up 50% in the last few months, because the outlook is things can get better. With the semis, there is more risk (industry wise) that we are at a top, than at bottom. The stocks are moving well in advance of these facts.