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

To: Donald Wennerstrom who wrote (10668)	7/20/2003 4:09:34 PM
From: TI2, TechInvestorToo	Read Replies (1) \| Respond to of 95487

dw said, "The valuations of the semi-equips are very high right now - higher than I have seen them for a long time. The market is betting on a strong 2nd half which may, or may not, be coming. The latest report by SEMI on Friday evening was very benign - no pickup in order input, as a matter of fact, a small reduction in order input was recorded for June." I walked around SEMICOn specifically looking to verify that the analysts reported upturn would be seen in metrology/inspection and backend. The metrology/inspection part was validated. Not going down anymore, not bouncing on bottom anymore, begining to bounce up. Litho guys were not quite as optimistic (especially with ASML announcing the 550 additional layoffs). The guys who sold stuff to equipment guys had empty booths and depressed booth people. Booths were still available (they actually had to try and sell them instead of auctioning them according to a friend who has been shut out for years-they called and asked if he still wanted one)-very uncommon. More uncommon was the ability to get hotels room during semicon (Sf and SJ). I trudged down to SJ to confirm the backend part of the analysts forecast. Those guys were amazed by that report. Not here they said- but we think it stopped going down. ...soooo...I think earnings are not going to be quite so good and guidance will be very cautious with a small positive bias. I'm hoping for a buying opportunity in the fall. cheers- your roving reporter ti2