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

To: scott_jiminez who wrote (3899)	7/9/2002 8:24:55 AM
From: The Ox	Read Replies (4) \| Respond to of 95480

AMAT has gone from 27 to 19 over the past few weeks and NOW Merrill Lynch decides it's time to downgrade the stock from strong buy! It's business as usual on Wall St. Their commentary pretty much sums it up: Merrill laid out its expectation for second quarter earnings performances in key tech sectors. The broker cut its ratings, 2003 and in some cases 2002 earnings and sales estimates on 13 semiconductor equipment stocks, telling clients overnight "we believe the likelihood of a pause in semiconductor equipment orders in the second half of 2002 has significantly increased over the past several weeks." It would seem that the market is WAY ahead of the analysts at ML. Wait until the stock has lost over 33% and then issue the downgrade. Hmmmm.