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

To: Proud_Infidel who wrote (5118)	8/27/2002 9:05:22 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95465

From Briefing.com: General Commentary - It was only a few months ago that tech investors pointed to semiconductors as the group that would lead the sector into recovery... Now the industry is the soft underbelly of the tech sector, as hopes of a recovery have given way to capital spending cuts and cautionary guidance... Intel became the latest example of the latter, as company's CEO noted that company "hasn't seen much improvement in computing environment because companies are not investing." Sees Q3 only modestly better than Q2; also not confident that a holiday uptick will occur this year. Led by a 5.2% drop in Intel shares, the Philadelphia Semiconductor (SOX) index fell 19.92 points, or 5.9%, to 316.87... Also weighing on the sector were Altera (ALTR 11.31, -8.5%), Xilinx (XLNX 17.18, -8.8%), Broadcom (BRCM 17.65, -7.3%), Applied Materials (AMAT 13.93 -6.9%), Advanced Micro Devices (AMD 9.09 -6.5%), KLA-Tencor (KLAC 34.20, -5.9%) and Texas Instruments (TXN 20.63, -6.7%)... Another two days like Tuesday, and the SOX will be trading at a new 52-wk low... Given its reputation as a leading indicator, such a development would be a very bad omen for the rest of the sector. In addition to the disturbing trend in the semiconductor industry, Briefing.com remains troubled by the quality of leadership... In recent sessions the sector dogs have enjoyed the biggest gains, while the early winners - the large-cap, industry leaders - consolidated gains... But as the large-cap names continue to drift lower the question becomes will these stocks - IBM, MSFT, DELL, NOK, CSCO, ORCL, etc - hold above key support levels... The first level to watch in each case is the 50-day moving average... If these leaders can hold above these floors during the corrective phase, then they will be in position to pace the next leg of the recovery... However, if these stocks follow the lead set by underachievers INTC, AMAT, VRTS, QLGC, KLAC, etc - then traders will want to run for cover. Robert Walberg Agree with your comment on those fees. Very hefty RtS