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

To: Donald Wennerstrom who wrote (638)	5/23/2001 6:37:45 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95779

In my opinion the SOX will be back at 600 in relatively short order though hardly in a straight line. Once there it could just as easily pop right back over 700. We know that backlogs are being eaten through and written off. We know that the FED rate cuts are allowing many companies to refinance their own debt at very advantageous rates. It's not longer a question of a bottom but rather how soon we get the recovery and how strong that recovery will be. Judging by the prices of many semi cap stocks today I would say investors are still very confident that the recovery will be very strong. Latest news on chip stocks from CBS MarketWatch below: Bite taken out of chip stocks By Chris Kraeuter, CBS.MarketWatch.com Last Update: 4:59 PM ET May 23, 2001 marketwatch.com NEW YORK (CBS.MW) - Chip stocks tumbled following a dismal report on the health of semiconductor sales during April. On Tuesday evening, the Semiconductor Equipment and Materials International said April's book-to-bill ratio, a measure of orders placed vs. orders shipped, registered 0.42 -- its lowest reading in the past decade. "The severity and depth of this industry correction is unprecedented," said Stanley T. Myers, president and CEO of SEMI, in a statement. Myers blamed cancellations for the sharp decline as chip manufacturers have made adjustments to bring capacity and inventory in line with demand. See full story. The Philadelphia Semiconductor Index ($SOX: news, msgs, alerts) fell 5 percent with every member stock down. The Sox was the leading percentage loser among technology sectors on Wednesday.