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

To: michael97123 who wrote (55049)	11/2/2001 3:00:27 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

OT re: whither goeth the Nas: What I said on 10/2/01 was: Sometime between now and June 2002, the Nas and SOX will make at least one 50% rally, from the recent lows. Message 16444377 That would be a move from 1387 to 2080. We've already made most of that move, a lot faster than I thought we would. I wouldn't argue with anyone who takes ST profits here. Or sells for tax-loss reasons. Or sells to get off margin. A lot of stocks I'm following are approaching what should be resistance (AMAT at 40), or have reached there and stalled (TXN at 30). I think of my 2080 prediction as a general target, it would be nothing but luck if it hits that precisely. I sell the same way I buy, in increments, as the market has finally convinced me (after numerous expensive lessons) that I'm not smart enough to pick bottoms or tops, except very approximately. If we do stall and dip here, I'd be as willing to buy, as I was in late September. I doubt we take out the late-September/early October lows, not this year, not till the Fed starts raising rates. What was Lehman saying during the January and May rallies? Did they call those right?

To: michael97123 who wrote (55049)	11/2/2001 3:56:41 PM
From: Jacob Snyder	Respond to of 70976

November 1, 2001 Tech Center Global Semiconductor Sales Dropped 45% In September as Demand Remained Weak Dow Jones Newswires SAN JOSE, Calif. -- World-wide sales of semiconductors for September plunged 45% to $10.22 billion from $18.44 billion a year earlier amid soft demand for technology products, a U.S. industry group reported. On a month-to-month basis, September sales fell 2.5% from August sales of $10.48 billion. However, that drop was less than the 3.5% month-to-month decline reported in August, the Semiconductor Industry Association said. September also marked the third consecutive month in which the sales decline eased. "A broad cross-section of products grew on a unit basis during the September quarter," said SIA President George Scalise, in a prepared statement. "We expect this trend to continue in the December quarter, and with inventories coming into balance, we believe this will lead to sequential quarterly growth in sales." Mr. Scalise said information-technology products such as personal computers and wireless applications, coupled with digital audio devices and other consumer products, "will be the demand drivers that lead the industry into recovery." September sales in the European market fell 42% to $2.11 billion from $3.62 billion a year earlier. In the Americas market, sales dropped 59% to $2.44 billion. Meanwhile, sales in the Asia Pacific market declined 31% to $3.25 billion, and semiconductor sales in the Japan market plunged 43% to $2.41 billion.