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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (42086)	3/20/2002 7:27:33 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

regardless of that this is the BtB is what investor react to; but let's now break this down: the bookings are still minus 111 but uptrending. However when bookings were minus 38(and uptrending) ^SOX was at 400 level (this was 1999. January that minus 38 was released for december 98).And as we know this was leading into the once in lifetime Boom in chip demand. But here we are at a bookings of minus 111 with NO BOOM ahead and ^SOX is at 604. Also bookings in Feb.2001 brought 3month average to 1.6Billion revenue value and ^SOX was bouncing between 550 and 650.<<<The three-month average of worldwide bookings in February 2002 was $712 million. The bookings figure is 10 percent above the revised January 2002 level of $645 million and 56 percent below the $1.61 billion in orders posted in February 2001.>>> But NOW the 3-month average bookings value is ONLY 712million in value! So is ^SOX at fair value at 600, not a chance!! ^SOX remains way overvalued in my view.Max