Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Fred Levine who wrote (3193)	9/23/2002 8:32:23 PM
From: Gottfried	Read Replies (3) \| Respond to of 25522

Fred, thanks for the ML report. For me the interesting part was... >U.S. semiconductor stocks have sold off in recent weeks, but we do not think we’ve reached the entry point yet. Price to book value indicates that my group is well valued at 1.3x, considering that the October-98 trough was 3.4x, and 2.4x excluding the bias for high comm-IC multiples. However, we are inclined to give more weight to price earnings valuation, which shows that we are still at about 25x P/E, versus a decade average of 19x and an Oct-98 trough average of 18x< So, ML is happy with the low P/Book but thinks P/E is still too high. And since earnings may not improve fast, they are looking for lower entry prices. Gottfried

To: Fred Levine who wrote (3193)	9/24/2002 9:10:28 AM
From: Proud_Infidel	Respond to of 25522

Taiwan's Industrial Output Grows 09/24/2002 07:35:23 EST TAIPEI, Taiwan (AP) - Taiwan's industrial output and export orders posted growth in August for the sixth straight month, fueled by robust demand from Asia, especially China and Hong Kong, the government said Tuesday. Industrial output rose 5.85 percent in August from a year ago, slowing from a revised 11.45 percent rise in July, the government said. Export orders grew 13.9 percent in August to 452 billion New Taiwan dollars ($13 billion) from a year ago. Analysts expected an 11.2 percent gain. Information and communications products led the growth in export orders last month, rising 29.3 percent from a year ago. Orders for electronics products grew 14.75 percent in August. The United States placed the most orders from Taiwan in August, ordering goods worth 136.4 billion New Taiwan dollars ($3.92 billion), up 1.27 percent from a year ago. Among Taiwan's major trading partners, only America posted single-digit growth for orders in August, with orders from Hong Kong, Japan and Europe all up more than 20 percent from a year ago. Industrial output will likely grow by double digits in September compared with a year ago amid the onset of the peak season for the electronics sector, said Chang Yaw-tzong, statistics director at the Ministry of Economic Affairs. September export orders should also improve from a year ago, said Chang, who declined to give a prediction due to the uncertainty of the economic recovery in the United States and Europe. For the fourth quarter, "there is still a chance that the traditional peak season won't turn out as strong as expected," said Chang, adding there are still worries about a possible war between America and Iraq. Traditionally, the peak season for Taiwan's electronics sector starts in the latter half of the third quarter and lasts until November, due to back-to-school demand and the Christmas shopping season. Export orders totaled 3.41 trillion New Taiwan dollars in the January-August period, up 9.13 percent from the same period a year ago.