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

To: Gottfried who wrote (10415)	7/5/2003 12:28:17 AM
From: Gottfried	Respond to of 95487

Answering my own question [whether the drop in AMAT analyst rating means anything]: it doesn't. Yahoo has a similar rating and yet has way outperformed AMAT over 6 months. finance.yahoo.com Yahoo rating moneycentral.msn.com AMAT rating moneycentral.msn.com

To: Gottfried who wrote (10415)	7/5/2003 2:22:06 AM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95487

Gottfried, Good question - I don't think I have a good answer, but I do have a couple of comments. There seems to have been a gradual fall-off of analysts following the semi-equips in the Group. I don't know why, but maybe it has to do with the length of the downturn. It has been going onward of 3+ years now - it is getting boring. I think it was about 2 weeks ago that I saw an item out of Briefing.com about 1 of the brokerage houses( I think it was Thomas Wiesel) not following companies in the semi-equip field anymore at the present time. I think others have made the same decision in the last few months. On 2/14/03, 281 estimates were made for the semi-equip group. Today, 248 estimates are made for the same Group - a loss of 33 estimates. I think that trend will continue until some turn around in the Group is seen. Looking for action in the semi-equip field for the past many months has been about as exciting as watching paint dry! I remember last year about this time the realization hit the financial press with a bang that there was going to be no 2nd half recovery in 2002. You know what happened then - a big down trend until the bottom hit on 9 October - then a big bounce. Today, it sounds like de ja vue all over again - waiting for a 2nd half recovery that is not here yet IMO. Don