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

To: Kirk © who wrote (50244)	8/7/2001 7:00:24 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

It appears comments from Jonathan Joseph of Salomon Smith Barney and Dan Niles of Lehman Brothers may have put a lid on the recent semi sector rally. Today CSFB is extending the bearish argument by cutting semi stocks: _______________ "Eurostocks Extend Losses as Tech Slide" Tuesday August 7, 6:09 am Eastern Time" ...Techs were also hit after Credit Suisse First Boston cut its rating on four European semiconductor stocks..." biz.yahoo.com _______________ "Chartered CEO sees no sector rebound yet" SINGAPORE, Aug 7 (Reuters) - The world's third largest chipmaker, Chartered Semiconductor Manufacturing Ltd, said on Tuesday there were no clear signs of a rebound in the global semiconductor industry and visibility remained poor. "There is nothing concrete I can point to to say we are turning, and we are looking for the signals that (the industry) has turned, but our visibility here is still quite poor," Chartered chief executive Barry Waite told Reuters in an interview... Complete article at: investor.cnet.com _______________ "2 PC sellers report slower sales" By Reuters August 6, 2001, 4:00 p.m. PT Two PC sellers on Monday reported slower sales in July than they had previously forecast. RadioShack reported that sales at stores open at least one year--or same-store sales--fell a greater-than-expected 6 percent in July from the same month last year. "We were looking for the sales to be up 1 to 3 (percent), so down 6 is a pretty big drop,'' said Alan Rifkin, an analyst at Lehman Brothers. "I'd like to see one or more parts of their business stabilize.'' Meanwhile, CDW Computer Centers, a major reseller of computer products to small and medium-sized businesses, said that July sales were flat against the year-earlier period and that it was uncertain it could meet August and September sales targets.... Complete article at: news.cnet.com _______________ AdvocateDevil