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To: ChrisJP who wrote (10026)	8/8/2001 9:52:52 PM
From: keithcray	Read Replies (1) \| Respond to of 208838

Chris, I'm looking for potential bounce 1934-1942 area, that's the most recent lows from July---> If we don't bounce there, maybe whole number 1900 will hold. Not very good for investor psychology. No, not good at all, I would imagine investors would become rather discouraged if we break the July lows. Again, I think we watch the Semi's for direction. OJ thinks we may bounce at 580, we're very close to that right now. Possible scenario is a brief gap down in the morning, then a bounce, but who knows.

To: ChrisJP who wrote (10026)	8/8/2001 10:01:26 PM
From: keithcray	Respond to of 208838

PC chip makers 2001 revenues seen off 24 pct-study MOUNTAIN VIEW, Calif., Aug 8 (Reuters) - Revenues of personal computer chipmakers are expected to plunge 24 percent this year, hurt by the slump in demand for PCs, according to a study. Research company International Data Corp. on Wednesday predicted worldwide revenues will fall to $38 billion from $50.3 billion in 2000. The desktop PC semiconductor market will be hardest hit, the report said, showing revenues sliding to $27.3 billion, from $38.6 billion last year. PC chipmakers share the misfortune of the personal computer market, where shipments during the second quarter fell year-over-year for the first time since 1986, easing 2 percentage points to around 30 million units shipped. Shipments to Asia fell far more sharply than previously forecast, and Europe shipments also lagged. The U.S. market fell in line with previously lowered expectations, IDC said. ``PC semiconductor suppliers have experienced a complete reversal of fortune,'' IDC said. ``From March through August 2000, they worked feverishly, struggling to fulfill extraordinary demand, but since then demand has plummeted.'' IDC speculated that the market will not recover until after 2005, and the makers of the building blocks of PCs will likely suffer accordingly. In terms of semiconductor components, microprocessors and DRAM (memory) lead the drop, the report said. IDC estimates worldwide microprocessor revenue will fall to $22.2 billion by the end of 2001, from $27.1 billion in 2000. DRAM revenues will decline from $12.4 billion to $6.6 billion during the same time. Wall Street analysts in recent weeks have trimmed their forecasts for chipmakers and related companies, adding fuel to investor concerns about how long the industry downturn will last. Craig Barrett, chief executive of top chip maker Intel Corp.(NasdaqNM:INTC - news), last week said he expects demand to rebound in the computer industry as an inventory build-up had ended and new technologies offered a fresh impetus to growth.