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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37444)	3/22/2001 7:16:29 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

the room was long late Ike..hard!!! semis were sensational...CIEN--JNPR---MERQ---BEAS---NVDA WE ROCKED THAT ROOM.. b TO b....77..SURPRISE???

To: IQBAL LATIF who wrote (37444)	3/22/2001 10:48:08 PM
From: jtech	Read Replies (2) \| Respond to of 50167

You defended your long position well and took your place at the forefront of the lines like any good general would. From: jtech Thursday, Mar 22, 2001 10:22 PM The ndx has held up well today because of the sox and the book to bill was pretty bad I thought. INTC held the entire sector up today but $30 for intel is its max, before it trades into the teens. If the sox had sold off today the dow would have lost to the limit. I would call it a false rally, but the dow still finished down so Its not a rally but -400 to <-100 seems like one. Ive been sticking to spdrs lately and even the xlk(intc is 15%) seems like one mean rollercoaster. Were setting up for one big down slam where both the dow and ndx are gonna teach a new rule to long term investors. The old saying <Im in it for the long haul will get beatings from anyone that hears it> IC equipment book-to-bill drops to 0.77 with slow decline in tool orders for February By J. Robert Lineback Semiconductor Business News (03/22/01 17:14 p.m. PST) Recent Articles Silicon Strategies Xicor exits serial EEPROM business and slashes 125 workers All eyes are now on tool orders as key cycle indicator Slump could end by August, says analyst who predicted downturn last July NEC, Tera forge ASIC library deal to accelerate sub-micron chip designs Canon expands SOI wafer sales to North America Archives SAN JOSE -- New orders for semiconductor equipment slipped just 4% to $1.80 billion in February from $1.87 billion in January, according to new report, based on input from North American-based suppliers. The decline was slower than the previous month, but that could be deceptive since the bookings number is based on a three-month moving average. The report, issued today (March 22) by the Semiconductor Equipment and Materials International trade group here, shows SEMI's book-to-bill falling to 0.77 in February from a revised reading of 0.80 in January. A book-to-bill of 0.77 means $77 of new orders were received by suppliers for every $100 worth of products shipped. "Semiconductor equipment shipments have remained at about the same level as last month. However, the book-to-bill ratio reflects the continued erosion in bookings," said Stanley T. Myers, president and CEO of SEMI. "While the month-over-month order decline slowed from the sharp drop in January, the semiconductor equipment industry continues to reflect softening demand within the electronics ecosystem," he said. "The equipment industry is well into its cyclic contraction as February orders are 40% below the peak of this cycle set in October 2000." The slow drop in SEMI's booking figures may not be good news for anxious semiconductor equipment suppliers, which are attempting to cut costs as business slumps in the first quarter. First of all, SEMI's monthly booking figures are adjusted, based on a three-month moving average. February's numbers include relatively-strong orders in December, noted industry analysts. Analysts meeting at this week's SEMI investment conference in New York also said downturns in the business typically result in a 50-to-70% drop in tool orders from a cycle's peak before they begin to pick up again. The peak in the current cycle occurred in October at $2.99 billion for bookings--meaning that the semiconductor equipment downturn might only be halfway over. At the SEMInvest meeting, executives and analysts agreed that this downturn would probably exceed the historical drop in bookings before the slump hits the bottom (see March 21 story). Most speakers at the SEMIinvest meeting said they believed the earliest that the bottom could be reached would be late in the second quarter, but more likely in August or September. However, a major question mark in a full recovery is the health of the general economy, said analysts at the meeting. The $1.80 billion in worldwide bookings by North American suppliers was 22% below the $2.30 billion posted in February 2000, said SEMI, using its three-month moving average. February's chip equipment shipments totaled $2.35 billion, 1% higher than $2.33 billion in January, and 48% higher than $1.59 billion in February 2000, said the San Jose trade group.