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To: solihull who wrote (11868)	3/25/2001 3:24:43 PM
From: Boplicity	Respond to of 13572

From Beefing.com <<It was a struggle, but the Nasdaq posted its second straight weekly advance for the first time since mid-January... More importantly, we began to hear comments from companies and analysts that the inventory correction had bottomed... The first hint at this development came after Wednesday's close when Micron Tech (MU) suggested that the inventory glut in the PC sector had been worked off... Then on Friday, Dain Rauscher Wessels stated that channel checks performed by the firm indicated that orders for Nortel's OC-12 and 48 products began picking up a couple of weeks back, with the long-haul products (OC-192) showing improvement in the last week or so... The firm noted that these were the first positive data points it had seen in the last couple of months.>> <<JP Morgan on Semis : Says that Thursday night's book-to-bill report for Feb showed that the rate of decline in bookings is slowing (from -20% to -3%). JP Morgan continues to recommend investors build positions in the stocks it upgraded Feb 14 (AMAT, KLAC, NVLS, ASML, VSEA).>>