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

To: michael97123 who wrote (53481)	10/1/2001 8:25:00 AM
From: James Calladine	Read Replies (1) \| Respond to of 70976

07:49 ET Prudential on Semiconductor Equipment : (from Briefing) <<<Firm lowers its estimates and price targets for the group in the wake of September 11; believes the cyclical recovery in equipment orders has been pushed out; says global semiconductor revenues could begin to see a recovery in mid to late Q1 2002, with a recovery in equipment orders at Q2 2002; says initial 2002 semi capex estimates from semi manufacturers are likely to appear abysmal (down in excess of 20% from 2001); but believes actual spending in 2002 could prove to be better (down 6% to up 6% from 2001); does not see near term positive catalysts for the stocks but adds these stocks are approaching trough valuations.>>> Namaste! Jim