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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (12340)	5/17/2002 1:35:25 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 19219

ild, Margins will not expand in the industry until we see more demand. The reduction in capacity will help margins when business picks up... Survival is the name of the game in my industry... I don't think techs are cheap here, although I do have one tech that I own just above book of $2.55, DDIC. I am expecting the low to come june/july then go long into Oct. Will decide to lighten up in Oct depending on conditions...

To: ild who wrote (12340)	5/17/2002 2:09:54 PM
From: David Howe	Read Replies (1) \| Respond to of 19219

You didn't ask me, but what the heck. From what I've read regarding a broad array of tech companies and indicators: << Do you think there is much upside in demand? >> Yes, a great deal of upside. << Do you see margins expanding? >> Yes, they are expanding quite solidly at many companies. See AMAT and CSCO reports recently. << Do you think there is much upside in earnings? >> VERY dramatic upside. Probably not back to 1999 levels (for years), but I see massive improvements from the lows (breakeven or worse at some companies) in the near future (3 - 18 months). << Do you think tech stocks are cheap? >> Not cheap, at least not on average. But they are reasonable for the most part if you look at forward EPS potential. Some are cheap, you just have to find them. IMO, Dave