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

To: Road Walker who wrote (2988)	9/12/2002 11:33:33 AM
From: Proud_Infidel	Respond to of 25522

OT but Very Bizarre: New York lottery winning numbers: 9-1-1 September 12, 2002 Posted: 12:21 AM EDT (0421 GMT) ALBANY, New York (AP) -- On the first anniversary of the terrorist attacks, a date known as 9-11, the evening numbers drawn in the New York Lottery were 9-1-1. "The numbers were picked in the standard random fashion using all the same protocols," said lottery spokeswoman Carolyn Hapeman. "It's just the way the numbers came up." Lottery officials won't know until Thursday morning how many people played those numbers or the total payout, she said. For the evening numbers game, the New York Lottery selects from balls numbered zero to nine circulating in a machine at the lottery office. Three levers are pressed, and three balls are randomly brought up into tubes and then displayed. Copyright 2002 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. cnn.com

To: Road Walker who wrote (2988)	9/12/2002 12:21:53 PM
From: Alastair McIntosh	Read Replies (2) \| Respond to of 25522

CSFB seems to have a similar outlook. Here is their current view on the sector (published on Sept 11): Multi-Qtr bookings downturn looms; cheaper valuation, but stocks need a catalyst. It is hard for us to separate valuations and fundamentals. Stocks have historically worked not simply because valuation was cheap, but because fundamentals were poised to re-accelerate. Unfortunately, we do not see any buy catalysts for the group if/when stocks start to approach trough levels. Our bias is leaning towards a multi-quarter downturn, with bookings approaching trough levels of last year. Weak end market growth, low utilization, very little demand for bleeding edge independent of yields, poor cashflows and limited access to capital all driving double dip in order rates. Unless end markets show significant pickup into 4Q and beyond, we anticipate a 3-Qtr downturn, and a very muted upturn. Over the next two to three quarters investors should expect: additional downward bias to bookings and cap-ex, HCT reductions, possibility of red ink and further sell-side downward estimate revisions as the Industry searches our a bottom. Further out we believe a realization of the muted growth outlook in cap equipment could see our group lag other sectors off the bottom this cycle.