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

To: Donald Wennerstrom who wrote (3048)	5/5/2002 7:00:16 PM
From: Cary Salsberg	Respond to of 95467

AMAT predicted $20B sales in 2005. I moved it to 2007-8 and created a proportionate number for monthly bookings in that time frame. AMAT has been reasonbly accurate in the magnitude of their sales targets, but often their target dates prove optimistic.

To: Donald Wennerstrom who wrote (3048)	5/7/2002 10:29:48 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95467

Below is Briefing.com comment on the market at the moment. Thought it was worthwhile to keep a record here. Tech Stock Analysis Updated: 07-May-02 General Commentary On various occasions over the past couple of months, Briefing.com outlined the rational behind its bullish call on the market/sector... Last week when the Nasdaq broke well below pivotal retracement support at 1658, we admitted to being wrong - at least over the near-term... While we remain puzzled by the degree of despair and the scope of the selling, we also recognize the futility in fighting the tape. The ongoing weakness, especially in the large-cap names such as IBM, EMC, Sun Microsystems, Microsoft, Intel, Oracle, Veritas, Dell Computer, Siebel Systems, AT&T, Nokia, Qualcomm, Cisco, Micron Tech and Verizon, is indicative of capitulation on the part of institutional investors... And with retail interest in the sector depressed by the brutality of 2000-2001 retreat, there's just nobody there to absorb the selling. The reasons for the selling are numerous. They include but are not limited to: no new must have products to generate excitement, overvaluation, lack of end-user demand/sluggish IT spending, global economic slowdown, anemic sales/earnings growth, aggressive accounting practices, unwieldy debt (especially in telecom sector) and miserable momentum. At some point buyers will return, but given the technical damage done over the past week, the still uncertain economic/earnings outlook and poor seasonals, the questions are when, and with how much conviction. Buying could emerge as early as today, or not for another couple of weeks, or another 100 to 200 points. Trying to pinpoint the bottom in a one-way market is virtually impossible... So instead of offering opinions on which support levels may hold or belaboring the big picture problems, Briefing.com will try and highlight those situations that look attractive for the long-term. Robert Walberg