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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (1547)	1/5/2002 4:42:58 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95420

<<11:24AM Needham on Semi Equipment : Needham is cautious on the semi equipment group, believes that a capacity-driven upturn will not occur in 2002 and may not happen until the end of 2003 new orders should not occur until capacity reaches about 85-90% (it is currently at 64%). Firm sees at least two rallies in 2002: the first is already underway and the second should occur around mid-year. Sees ATMI as a good pick now, as wafer starts typically grow long before excess capacity is used up; ASYT and FSII are currently undervalued, while BRKS, LTXX, and MKSI are attractive on pullbacks.>> Almost every day, and sometimes twice a day, a big brokerage house comes out and slams the semi-equips. I wish they would quit it!<gg> Seriously, I don't know who is going to win this battle, the semi-equips wanting to go up or the brokerage houses wanting them to go down. We will see how it goes this coming week. <<I may have exited prematurely but it is always nice to have some cash in hand.>> Hey, there is nothing wrong in taking profits. If I would do that more I would be in better shape. I may be a little too greedy for next week, but I think we have at least 2 to 3 more days of positive action. Again we will see next week, but I bet we get some more brokerage houses moaning about the very high evaluations of the semi-equips and how they are not going to recover for a long, long time. As Needham reported above, they don't think they will recover "until the end of 2003". Sure glad to know that! Now I can stick my money in a sock for the next year and a half waiting for the recovery!<gg> The upcoming week in the stock market is always interesting, but the next one should be really, really interesting. Keep your powder dry. Don