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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (50046)	4/15/2002 10:26:07 AM
From: stockman_scott	Respond to of 65232

07:41 ET Lehman, BofA cautious on semi capital equipment Lehman says that while the group appears to have turned, most chip co's are not yet prepared to make the large capacity driven equipment purchases that typically characterize a recovery; believes shares may retrench if there is seasonal summer weakness or if end mkts for electronics continue to recover at its current slow pace. Banc of America believes that the recovery in end mkts will be modest and/or uneven, yet valuations of the larger semi-equipment stocks suggest that the "best of all possible worlds" is ahead; macro trends and mkts upstream in the IT food chain raise serious doubts that the industry is returning to the growth patterns of the 90s.