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

To: Kirk © who wrote (3034)	5/5/2002 12:53:10 PM
From: BWAC	Read Replies (1) \| Respond to of 95467

<That WCOM won't go bankrupt but that it will probably cut its capital spending budget by billions again > If they do take that step, then its guaranteed they go under in my opinion. Just at a later date. If they aren't investing in their future, then there won't be a future.

To: Kirk © who wrote (3034)	5/5/2002 3:03:53 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 95467

I think you need to reconsider your statements. There is a basic inconsistency in them. You referred to 6 of my 8 favorites and suggested that 4 will not do well, but 2 will. First, I have followed all very closely and I would not want to make a case that some valuations are significantly more reasonable than others. Second, I think it is silly to think that the best semi companies will not sell product, but there will still be demand for the products of the best semi-equips. History is against that argument and it is joined by current valuations and current reported business. Third, LLTC, MXIM, ALTR, and XLNX are unusual in that their product is sold into all technology markets. Granted, much of the bubble growth went to comm companies, but this revenue has shrunk considerably.