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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (238)	1/6/2001 3:58:40 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95640

A rather interesting divergence has occurred during the past 5 weeks since 12/1/00. At that time, the semi-equips as a group bottomed and have since been recovering - a gain of 18 percent. In the same period, the NASDAQ is down 9 percent. Usually the 2 "indices" move together with the semi-equips about twice as volatile as the NASDAQ. With the exception of 3 to 4 stocks, the semi-equips have been a good place for your money the last 5 weeks. 12/1/00 1/5/01 FST CALL NEXT ZACKS CLOSE CLOSE PERCENT NXT YR YEAR LNG TRM SYMBOL PRICE PRICE CHANGE EARN PE GROWTH PE/G PLAB 16.44 27.13 65 1.95 14 21 0.67 NVLS 26.13 37.69 44 2.49 15 25 0.61 GSNX 13.56 19.31 42 1.90 10 25 0.41 CYMI 21.25 30.00 41 2.85 11 26 0.40 KLIC 9.25 12.81 38 0.41 31 18 1.75 KLAC 27.75 37.19 34 2.22 17 25 0.67 ASYT 11.13 14.50 30 2.26 6 27 0.24 UTEK 18.50 23.94 29 1.12 21 25 0.86 BRKS 24.94 32.25 29 2.46 13 24 0.55 CMOS 21.13 26.94 27 2.75 10 23 0.42 LTXX 11.88 15.06 27 2.07 7 32 0.23 DPMI 43.94 55.50 26 4.54 12 23 0.54 SFAM 5.25 6.50 24 -0.86 24 LRCX 14.81 18.31 24 1.88 10 22 0.44 WFR 7.44 9.00 21 0.56 16 20 0.80 NANO 13.06 15.44 18 1.39 11 30 0.37 ASML 21.00 24.63 17 1.15 21 25 0.87 SVGI 26.69 31.19 17 18 TGAL 1.94 2.25 16 0.23 10 20 0.49 TER 31.50 36.44 16 2.81 13 24 0.54 EGLS 13.50 15.56 15 1.61 10 18 0.53 PRIA 21.00 23.56 12 2.23 11 28 0.38 AMAT 38.56 42.69 11 3.17 13 25 0.54 ATMI 16.88 18.50 10 1.39 13 24 0.55 COHU 14.06 15.38 9 1.89 8 VECO 38.25 40.00 5 2.39 17 27 0.61 SMTL 10.25 10.50 2 1.65 6 20 0.32 FSII 8.88 9.00 1 23 MTSN 10.34 10.38 0 1.55 7 25 0.27 HELX 25.88 22.88 -12 2.76 8 25 0.33 PHTN 25.69 17.06 -34 28 IMSC 13.00 8.56 -34 1.28 7 20 0.33 TOTALS 603.88 710.15 18 54.10 13 SOX-X 538.35 617.49 15 COMPQX2645.29 2407.65 -9

To: Donald Wennerstrom who wrote (238)	1/10/2001 12:12:54 AM
From: scott_jiminez	Read Replies (2) \| Respond to of 95640

Donald - you refer to the SEM/NAZ divergence. There's another 'divergence' of sorts that puts into question our common parameters of evaluation. Recall last year our discussions of Klic's bizarre valuations - great earnings, great earnings expectations and consistently one of the lowest PEs and PEGs in the sector. And the stock just kept going lower and lower. It made no sense whatsoever. Now Klic has one of the gloomiest earnings forecasts: its Zack's rating has fallen from 1.5 to 2.8 (10 of the 13 analysts who follow the stock rate it a hold), its has the worst PEG in the sector and one of the highest next year PEs. And the stock keeps going higher and higher (Klic is 5th in your group since Dec. 1st - post 239). One possible explanation is that all the bad news is already out for KLIC while others like NVLS, AMAT, LRCX, ASYT, KLAC continue to receive downgrades (by Tucker Anthony, Van Kasper, A. G. Edwards in the last ~10 days). The other fascinating possibility is that Mr. Market really did see the downturn coming in June and thus gave Klic - perhaps the most sensitive stock in the sector to cyclical turns - a forward valuation commensurate with severely retracting sales. And now Mr. Market is starting to say, yeah, we'll be out of this in about 6 months so it's time to ring the bellwether’s chimes. Oh yeah, were not going to have a recession either.

To: Donald Wennerstrom who wrote (238)	6/18/2001 2:47:06 PM
From: Short A. Few	Respond to of 95640

They're not delaying it, but they don't plan to build it, either;-) Best, SAF Intel denies it will delay fab project in Israel, claims it hasn't made decision to build the plant Semiconductor Business News (06/18/01 14:17 p.m. EST) SANTA CLARA, Calif. -- Intel Corp. here today denied reports that it will delay its $3.5 billion wafer fab project in Israel, claiming it has yet to make a decision to move ahead with the construction of this plant. According to the Reuters new service on Monday, Intel said it would put the fab in Israel on hold due to the downturn in the semiconductor business. Officials from Intel said the report was misleading. A spokesman for Intel today said the chip giant has not made a decision to move ahead and build the plant, in spite of receiving grants from the Israeli government earlier this year. As reported, after a year and a half of negotiations, Israel's finance minister announced the government has agreed to grant Intel a 12.5% subsidy for a new wafer fab (see Feb. 5 story ). Intel was looking to build a fab near its current plant in the southern city of Kiryat. Intel has an option to use the grants in order to build, but has yet to make a final decision about the plant. "We have not decided to go forward with the project," the spokesman said. "We have the option to use the tax credit--if we should decide to build the fab."