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To: marginmike who wrote (94084)	4/14/2001 11:41:14 AM
From: XBrit	Respond to of 436258

Re: SSTI, I don't follow them but I glanced at the press release and it looks like a hope and a prayer to me. Unit sales of semis may do a dead-cat bounce off the bottom as the worst of the inventory problems ease up. But when the industry is operating below capacity (which it is big-time now), pricing pressures destroy business performance for the great majority of companies. The Sox is pricing in the start of a V recovery to full capacity utilization and aggressive capex, as far as I can tell. The semi equipment companies are going up as much as the actual semi cos. If you expect the whole economy to make a V-shape recovery starting in 3 months, that might be appropriate. Personally I don't. Honestly, I'm not sure it's that useful to even look at details in the semi industry right now. They're totally at the mercy of the big economic picture. It's like trying to forecast the weather by staring at rain puddles. For that reason, Jonathan Joseph is one of the least competent people to predict when this will end. biz.yahoo.com Net revenues for the first quarter were $86.3 million, compared with $161.0 million in the fourth quarter of 2000 ... Bing Yeh, president and CEO, [said] "We initially experienced a sharp downturn in several of our markets late in the fourth quarter of last year, as customers reacted to weakening demand and higher inventories. Market conditions did not improve during the first two months of the quarter and our customers have continued to return product, cancel backlog, or push out shipments. The situation has improved slightly since March. Therefore, for the second quarter of 2001, we expect our revenue and earnings per share to increase by 5 to 10 percent sequentially from the previous quarter, with the tax rate remaining at approximately 38 percent."