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

To: StanX Long who wrote (59991)	2/5/2002 1:22:34 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Singapore shares falter but techs eke out gains sg.news.yahoo.com Tuesday February 5, 1:26 PM SINGAPORE (Reuters) - Singapore banks and blue chips like Singapore Press Holdings sank by midday on Tuesday as Wall Street's slide rocked sentiment, but technology stocks inched up on some positive news on the sector. The bellwether Straits Times Index was down 1.5 percent or 26.32 points at 1,731.83 at the break. "Tech stocks are up primarily because of HP (Hewlett-Packard) and the semicon equipment upgrade from Goldman," said a dealer at a European brokerage. Computer and printer maker HP said it saw consumer sales improving and saw its fiscal first-quarter earnings and revenues beating targets. Brokerage Goldman Sachs on Monday placed shares of three semiconductor equipment makers on its "recommended list", saying an increase in orders should lift stock prices. Data on Singapore's electronics manufacturing output also pointed to a recovery for the beleaguered sector, with the electronics component of the Purchasing Managers' Index edging up 0.8 of a point to 50.2 percent, its first expansion after contracting for 12 consecutive months.