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

To: The Ox who wrote (918)	8/2/2001 3:45:31 PM
From: Think4Yourself	Respond to of 95463

That's fine as long as you realize you don't have data to support the guess you are making :o) Full speed ahead into the fog!

To: The Ox who wrote (918)	8/3/2001 2:27:43 PM
From: Return to Sender	Respond to of 95463

Michael, I'm looking for the NASDAQ to fall below 1950 again in about 1 1/2 weeks. At that point it will be time to put some cash to work again. FROM BREIFING.COM:1:30PM: Semiconductors have been a big contributor to the recent market advance. Earlier this week, the semiconductor index (SOX) cleared an important technical hurdle on the back of bullish comments coming from Merrill Lynch. Specifically, the SOX broke above its 200-day simple moving average which is a barrier it had not surpassed since mid-September 2000. In today's session, the SOX is selling off slightly with the index posting a 2.6% intraday loss. Though trading at the day's worst levels, the index continues to maintain a posture above its 200-day simple moving average. The sell pressure today is perhaps due in part to cautious comments from Goldman Sachs on SOX component Micron Technology (MU -3.7%). Goldman does acknowledge short-term supply shutdowns by some DRAM makers are good news for MU and have sent the shares to the high end of its trading range. Nonetheless, the firm believes a move beyond that requires improvement in demand which is unlikely in the near-term -- it feels MU could see downward pressure on the stock in the current pre-Windows XP release period. XOI -1.5%, S&P Midcap 400 -0.6%, DJTA -0.5%, DJUA -0.3%, Nasdaq 100 -1.8%, Russell 2000 -0.7%, NYSE Adv/Dec 1242/1695, Nasdaq Adv/Dec 1353/2106 12:22PM Micron Tech (MU) 43.25 -1.65 (-3.7%): -- Update -- Banc of America believes that average contact prices for 128 MB DRAM have been hovering around $2 for most of the qtr, well below firm's estimate of $3.50... firm's new est. for 128MM is $2 (from $3.50) and $1.50 (from $3.00) for 64MB... thinks MU could attempt to flush out inventories at qtr end, potentially driving contract and spot prices lower... while expects MU to continue losing money until early 2002, thinks DRAM pricing bottom is near. 12:05PM Micron Tech (MU) 43.18 -1.72 (-3.8%): -- Update -- Banc of America Sec. taking down numbers.. FY01 goes to ($0.33) from ($0.22) and FY02 to $0.05 from $0.10. 10:06AM Economic Data : The NAPM non-manufacturing index fell to 48.9% in July from 51.2% in June, a bit below the 51.4% consensus. The drop back below the 50% breakeven mark makes the June increase appear an aberration, and like manufacturing, the services sector still appears to be contracting; have not seen any market impact. 9:24AM ATI Tech (ATYT) 11.07: Dain Rauscher downgrading to NEUTRAL from Buy-Aggressive based on cautious near-term outlook on PC unit shipment growth... feels valuation getting rich following 30% advance since firm started coverage in early June.