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

To: Return to Sender who wrote (5626)	9/24/2002 2:19:43 PM
From: The Ox	Respond to of 95481

The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent. The information that has become available since the last meeting of the Committee suggests that aggregate demand is growing at a moderate pace. Over time, the current accommodative stance of monetary policy, coupled with still robust underlying growth in productivity, should be sufficient to foster an improving business climate. However, considerable uncertainty persists about the extent and timing of the expected pickup in production and employment owing in part to the emergence of heightened geopolitical risks. Consequently, the Committee believes that, for the foreseeable future, against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness. Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; William J. McDonough, Vice Chairman; Ben S. Bernanke; Susan S. Bies; Roger W. Ferguson, Jr.; Jerry L. Jordan; Donald L. Kohn; Mark W. Olson; Anthony M. Santomero, and Gary H. Stern. Voting against the action were: Edward M. Gramlich and Robert D. McTeer, Jr. Governor Gramlich and President McTeer preferred a reduction in the target for the federal funds rate.

To: Return to Sender who wrote (5626)	9/24/2002 5:21:39 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95481

Another interesting day. I notice that KLAC had massive volume today - I believe it is the highest ever at over 31M shares, and still counting in AH. AMAT and NVLS also had high volumes today as well at 45+M and 13+M respectively. All 3 stocks rallied strongly and moved up to close considerable higher today than yesterday. It seems to me that should be considered a positive development. Don't know, however, how much follow through we might get in the next few days. Don