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

To: Cary Salsberg who wrote (3165)	5/17/2002 7:46:38 AM
From: orkrious	Respond to of 95530

Cary, from a bear to a bull, good post. the only difference in my view is that after the "jump," at what rate do we go up? you also didn't discuss valuation, which is probably the biggest place we disagree. ork

To: Cary Salsberg who wrote (3165)	5/17/2002 9:30:20 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95530

8:34AM Bear Stearns sees potential PC price war : In Bear Stearns' Ripple Effect, analyst Andy Neff says that there is an increasing probability of a PC price war this spring/summer due to: seasonally soft demand, increasing component availability of DRAM and Pentium 4s, high consumer inventory at HPQ, and an increasing focus on market share over profitability as indicated by recent HPQ comments. Presents short-term margin risk to DELL, but plays to its strength; offers more challenges to GTW; says PCs not critical to HPQ results. 7:43AM Opening Indications : This morning's fair value figures -- S&P 500 fair value: 1099, closed at fair value. Nasdaq 100 fair value: 1318, closed 6.0 pts above fair value. Current indications: S&P 500 futures are +5.70, or 5.7 pts above fair value. Nasdaq 100 is +22.50, or 28.5 pts above fair value. 7:17AM Semi equipment book/bill rose to 1.20 : The semi equipment industry book/bill ratio released last night jumped to 1.20 in April from a revised 1.05 in March; JP Morgan says most of the unexpected strength was due to front-end strength with more modest growth in back-end orders; notes that upside for stocks will be limited by rich valuations which already discount positive news. finance.yahoo.com^SOXX+^IXIC&d=t I think we could very well be in a new Bull Market for certain semiconductor stocks since the recovery from 9/11. Other areas of technology do not show the same level of sustained strength. I do agree we are in a trading range. Rest will come in the form of another sell off by the middle of next week in my opinion. Up first at the open though! RtS