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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (47949)	6/14/2001 6:27:29 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Microchip believes it sees slump's bottom, reaffirms guidance Semiconductor Business News (06/14/01 18:14 p.m. EST) CHANDLER, Ariz.-- Microchip Technology Inc. today said backlog cancellations and postponement of orders are "substantially slowing" and inventories at distributors and system manufacturers are easing. Based on data from April and May, Microchip said it was on track to hit its estimate of $138 million in net sales in the company's current fiscal fourth quarter, which ends June 30. The company predicted a 10% sequential drop in revenues while posting results for the fiscal third-quarter, ended March 31. "Additionally, we are seeing an increase of customer orders requiring immediate delivery of product, indicating that inventories at some OEM customers may be reaching replenishment levels," said Steve Sanghi, Microchip's president and chief executive officer. "We are starting to see an increasing volume of new designs going into production. We believe these are signs of a bottom forming." But the CEO added that the company remains cautious despite the favorable signs "because of continued low visibility and bearish information coming from the industry."

To: Proud_Infidel who wrote (47949)	6/14/2001 7:11:26 PM
From: robert b furman	Read Replies (1) \| Respond to of 70976

Hi Brian, Are you contemplating averaging down. I had been waiting for 13 and really had to bite my finger today. Wondering if tomorrow is the best entry point. I think i'm just gonna have to dive in anywhere in the 11's. Course I thought that about Lucent to erg.. Bob

To: Proud_Infidel who wrote (47949)	6/14/2001 8:39:31 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Where are the wise guys chiding Brian for double posting? Lets nail him like you did me!

To: Proud_Infidel who wrote (47949)	6/15/2001 12:38:55 AM
From: John Trader	Read Replies (1) \| Respond to of 70976

OT-JDSU/Fiber-Optics: Brian, I will have to confess that I also own some JDSU. Average price is 23. Bought too early, but I don't have much of it. Is is just me, or are these fiber optic companies somewhat beyond comprehension? I am referring to both the industry, with the telecom problems and all, and the movement of the stock prices. This was once the place to be, for the long term, and JDSU was described as the "Gorilla in the Midst" (think it was in Fortune), with respect to the fiber optics industry. A lot of funds owned it. The earnings growth rate was incredible for years. Even now, Jubak on MSN has it in his "Future Fantastic 50 Portfolio", and rates it as a buy: moneycentral.msn.com Also JDSU is listed in the Briefing.com growth core portfolio. Mary Farrell of Paine Webber (on WSW show) was recommending JDSU earlier this year at around $50/share or so (she stopped recently for some reason - go figure). Smart Money magazine recommended it in February at about $50/share: From the article, 2/6/01: ..."I added JDS Uniphase to my own portfolio after recommending it last year, and I continue to recommend it now that uncertainty about prospects for the SDL acquisition has been significantly reduced. At a recent price of $50, JDS is less than a third of its 52-week high of just over $153, and represents an even better bargain than when I first recommended it. While the economic slowdown has clearly reached the fiber-optics sector, when the turnaround comes, JDS is likely to be a commanding presence." JDSU is also in the Red Herring portfolio. Here is an interesting, upbeat article which argues that the turn in telecom will be sooner rather than later: yahoo.smartmoney.com I don't know what to make of all this. Am I just having some bad dream, or is this for real? John