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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (21399)	7/24/2001 9:21:48 PM
From: Zeev Hed	Respond to of 30051

Paul, yes, I still long (from $55.05 this time). Yes I am sure revenues are going to be down sequentially this quarter, but not by more than 10% to 15% from the last quarter (My model has about $48/50 MM). While in general the QOQ decline in semi shipments might be even worse than 15%. Remember, the shipments decline is not so much in wafer starts, but due to declining ASP, in the DRAM and processors business, both INTC and AMD have claimed increased chip shipments, so have the Dramurai, and the process being shut down first are the .25 microns and higher (where CMP is barely used). We'll see tomorrow, I expect to bail out at $58 or even higher, or take my lumps. Zeev