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

To: Return to Sender who wrote (12111)	10/18/2003 8:02:55 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95406

Well, at least we know Briefing.com's read on last weeks market performance. <<4:12PM Weekly Wrap : It started slowly, but the action picked up heavily as the week progressed. At the end, the indices were little changed for the week. That leaves one of two interpretations. Either the market showed great resilience, or it showed chinks in the armor as the first signs of "selling on good news" appeared. Take your pick. Our view is that the market showed good resilience and got through the week just fine.>> IMO, we have at least another week to go, which has even more earnings releases than this past week, to find out what is really going to happen. The SEMI BtB report for September is due out on Monday after the market close. Based on the VLSI report released on Friday covering world wide BtB, the SEMI report will probably be somewhere in that area as well - also a good possibility it will be less than 1.0. Actually, the most important thing is for Bookings to rise. As reported many times before, Bookings have been bumping along in the region from 700M to 800M for a long time. An average number going back to 1995 is closer to 1500M. Presently, we are a long way from that number, and it doesn't look like a fast recovery is in the cards. As usual, next week promises to be very interesting. Don