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

To: robert b furman who wrote (7808)	12/19/2002 11:36:39 AM
From: BWAC	Read Replies (1) \| Respond to of 95561

<In 98 it was bookings that lead the stock prices up. Rightsizing stopped losses and small profits came in - then growing backlogs extrapolated the end of the downturn and the beginning of the uptrend. We are in that region right now - somewhere> That sums up the important long range points. Bookings, rightsizing to profit large later. All the actions are set up perfect for a patient investor. Now convince the market to come out of its manic depressive misinformation induced drug overdose fog. And btw thanks for the car info the other day. Now if only some dealers could understand the concept of GMBuypower.com from the consumer side. Why would you participate in it, but fail to in spirit? I made a reasonable offer to 2 dealers. One hasn't responded in 3 days now. The other responded telling me about "the great financing available" and nothing re my offered price? Am I missing the point of the website?

To: robert b furman who wrote (7808)	12/19/2002 11:47:46 AM
From: BWAC	Read Replies (1) \| Respond to of 95561

Back on the rightsizing thought. It seems to me based on memory alone that the semi-equips are ahead this time in that game. All the major ones (AMAT, NVLS, KLAC) seem to have managed the situation exceptionally well. But all I read are articles and opinions harping on the terrible shape of the business. And the awful sentiment laden articles go on and on on that subject. Articles which miss any relevant point more than 5 minutes away. Yet they never mention that the above companies have been currently sized for slight profit in the "terrible" environment. That leaves a huge profit upside when Revenues return. I mean some people will be head scratching about how AMAT did a 25 cent quarter, or KLAC did a 60 cent quarter soon enough. They did it by the steps that were taken over the last year. And still the price trades near the current cycle lows? Amazing. Or zero confidence that the US economy will turn.