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Strategies & Market Trends : The Thread II -- Ignore unavailable to you. Want to Upgrade?

To: marquis103 who wrote (3463)	7/2/2001 8:51:25 AM
From: SpinCity1	Read Replies (1) \| Respond to of 9026

Monday July 2 7:50 AM ET May Semiconductor Sales Drop 7 Percent NEW YORK (Reuters) - Worldwide sales of semiconductors in May sank to $12.71 billion, more than 7 percent below April, according to an industry report that reflects a lingering industry slump that has shown few signs of recovery. Chip makers have suffered this year as demand for computers, mobile telephones, and other electronics has fallen, leaving products sitting on warehouse shelves. By region, sales dropped most in the Americas, falling nearly 11 percent to $3.34 billion from $3.75 billion in April, according to the report from the San Jose, California-based Semiconductor Industry Association. Europe sales fell 7.8 percent to $2.83 billion. Japan sales fell 5.9 percent to $3.15 billion, while the Asia Pacific region -- excluding Japan -- fell 4.5 percent to $3.38 billion, the report said. Many chip companies and industry analysts had forecast a recovery in the second half of this year, but have had to alter their expectations in the face of continuing weakness. ``The sales for May reflect the current inventory overhang that the semiconductor industry has been experiencing since November,'' Semiconductor Industry Association President George Scalise said in a statement.

To: marquis103 who wrote (3463)	7/2/2001 10:56:33 AM
From: KevinMark	Read Replies (1) \| Respond to of 9026

>>>I've decided to pick up out-of-favor stocks and wait for them to turn around, and some of the semi-equips fit that bill<<< The market has also decided to wait for earnings, as is the case when a bottom is in. These manufacturers will begin receiving orders to plan for the x-mas holidays and this will be reflected in a major surprise to the upside in the book to bill followed by a major run in the markets. Funds are buying as they should be. When that book to bill comes out, futures will be lock limit up, and stocks will pop 20-30% on that #. Then the should woulda coulda's will be out in full force. So plan now. Any stock that has warned like TMTA should be looked at aggressively as a buying opportunity. regards, KM