Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (17070)	12/7/2001 2:39:52 PM
From: Tom Hua	Read Replies (2) \| Respond to of 19633

Dale, if the story below proves to be true, SOXX could easily lose 20% in a matter of weeks. CCMP now down 5 pts from the high this morning, GNSS 4 pts. PHTN hasn't moved yet, still time to whack it hard. I bought Dec 40 puts for 65 cents. Semi Cap Equip : -- Intraday -- Bank of America believes mood out Semicon Japan Trade conference is gloomy for semi cap equip companies; consensus thinking is that equip spending will decline 31% in 2001 followed by a 15-20% decline in 2002 (spending at INTC is expected to be in the $6.5 bln range for 2002 vs. $7.5 bln in 2001). Attendance was poor and companies outside of Japan did not attend including NVLS and LRCX; speculation was of impending layoffs everywhere - B of A believes AMAT could cut another 1,500-2,000 employees next week, NVLS could have another 10-15% headcount reduction in Jan, cuts at LCRX could be deep as mgmt is moving towards an out-sourcing manufacturing strategy. Sentiment was that Japan semi industry "is a mess;" many equip companies believe that Japan is not making the tech investment to be a player in 2002, with Sony as the exception. Regards, Tom