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

To: advocatedevil who wrote (55984)	11/20/2001 12:00:52 PM
From: advocatedevil	Respond to of 70976

"Chip stocks lead hardware lower" By August Cole, CBS.MarketWatch.com Last Update: 11:46 AM ET Nov. 20, 2001 NEW YORK (CBS.MW) - Semiconductor and chip equipment stocks extended their losses Tuesday ahead of a key industry snapshot to be released after the bell. PC shares fared no better as the broader market traded lower after Monday's rally. The Philadelphia Semiconductor Index ($SOX: news, chart, profile) lost 2.9 percent while the Goldman Sachs hardware Index ($GHA: news, chart, profile) slipped 2 percent October data after the closing bell from Semiconductor Equipment and Materials International will give a sense of how the chip segment is holding up amid a slow economy. See preview story. UBS Warburg analyst Byron Walker said he expects the book-to-bill ratio to indicate a sequential rise when it releases Walker is anticipating a ratio of 0.65 to 0.70 versus September's 0.65, as shipments decline at a faster pace than orders. He cautioned, however, that investors should focus on the fact that "demand for capital equipment is not improving, as both orders and shipments are at very weak levels and declining." marketwatch.com AdvocateDevil