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

To: Return to Sender who wrote (4765)	8/7/2002 7:09:04 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95513

A good report from AMAT would get the semi-equip Group going again. The NASDAQ was up 21.35, or 1.7 percent today, while the Group was up 0.03, or 0.01 percent! From a long term average perspective a Beta of about 2 can be used for approximate correlation. That means the Group should have been up about 3.5 percent today but obviously it was really dragging. I think AMAT needs a good reception from its report next week, otherwise it might be a long 3 months until the next report.<ng> Out of the performers in the Group today, KLIC was in next to last place with a 3.9 percent drop. Only PHTN with a 7.2 percent drop was lower in last place. I don't know KLIC's specific problem, if there is one, but in the last 16 trading days since the close at 12.06 on 7/16, at todays close of 5.23, the stock is down 57 percent. I haven't looked to see if that is the worst performance over that period, but it certainly is one of the worst. <<Anyone want to nominate a few other stocks in the group that might be more indicative of future fortunes for the group?>> In order for the fortunes of the Group to turn around, I think the leaders like AMAT, KLAC, NVLS, LRCX, etc, must find their "footing" again in the market's eyes. A positive report from AMAT next week would go a long way towards achieving that goal. Don