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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36650)	4/3/2002 11:26:16 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67758

07:24 ET Merrill Lynch expects semi revs to be down 16.5% in March qtr Merrill Lynch's Joe Osha expects the semi co's under coverage that report March qtr earnings to report aggregate revs down 16.5% YoY but up 1% sequentially, which compares favorably to the Dec qtr. Evidence continues to accumulate that the semi biz is moving into cyclical recovery, although evidence that actual end demand is improving is thin; believes that semi stocks are likely to be range-bound for the next qtr or so.