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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2477)	8/16/2002 3:14:22 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Chip Equipment Stocks Rise from Depressed Levels NEW YORK (Reuters) - Stocks of semiconductor equipment makers rallied on Friday from severely depressed levels, as investors perked up to a growth forecast by PC maker Dell Computer Corp. (NasdaqNM:DELL - News) Shares of Applied Materials Inc. (NasdaqNM:AMAT - News), the world's largest maker of semiconductor equipment, rose 92 cents, or 6.6 percent, to $14.78 -- still far from highs reached just a few months ago. In April, when hopes were higher for a rebound in electronics sales, Applied Materials' stock approached $28. "Our view is the stocks aren't expensive," said Banc of America Securities chip equipment analyst Mark FitzGerald. The stocks appear to have been helped by Dell, which reported a half-billion-dollar quarterly profit on Thursday and forecast more growth in the current quarter. "We are already seeing some signs of recovery in certain parts of the market," Chief Executive and founder Michael Dell said. Shares of Texas Instruments Inc. (NYSE:TXN - News), a leader in supplying chips used in mobile phones, said in a regulatory filing on Friday that it was sticking to its plan for $800 million in capital expenditures this year, a positive sign for the chip equipment makers. Capital spending by chip makers is the lifeblood of the equipment makers. Two of Taiwan's top chip makers, Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan:2330.TW - News). and United Microelectronics Corp. (Taiwan:2303.TW - News), slashed capital spending budgets last month. The move fed fears that chip makers were not expecting to increase sales any time soon. As a result, chip equipment stocks had declined precipitously. Even as it rose on Friday, the Philadelphia Stock Exchange chip index was down about 45 percent from April highs.

To: Kirk © who wrote (2477)	8/16/2002 3:15:49 PM
From: BWAC	Read Replies (1) \| Respond to of 25522

You're right. But what can you do while the SEC turns a blind eye to broker pimp manipulation and chases 13 year old yahoo posters instead.

To: Kirk © who wrote (2477)	8/16/2002 3:52:54 PM
From: Pink Minion	Read Replies (1) \| Respond to of 25522

>> Remember his job was to bring investment banking deals. Why don't people complain that these research houses are also a tool for the trading house. Tell me the trading floor don't know about upgrades/downgrades the day before. I'd like see a comparison of their trading profits (not commissions) to the banking business. This is why A&P says the NASD are the biggest crooks on the planet. It's the fox in charge of the hen house. This is the problem with the whole market. Forget accounting scandals, CEO crooks, - It's the NASD . Remember these guys got formed from trading penny stocks over computer terminals in the early 70's. The NASDAQ used to be the bulletin board, crook invested market of today. They got they're training as a baby and now the crook is all grown up. Rant Off.