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

To: Donald Wennerstrom who wrote (12753)	12/15/2003 1:27:39 PM
From: Sam Citron	Respond to of 95406

Top Small Cap Value Fund Manager Ootperforms Benchmark & Peers by Placing Big Bet on Semi-Equips: Today's Barrons discusses Arnie Schneider's prowess in investing in deep cyclicals of the rust belt variety --US Steel, Massey Energy, etc. Through November, his Schneider Small Cap Value Fund is up 93.6%, compared with a gain of 40.9% in the Russell 2000 Value index. Steeled for Profit online.wsj.com What the article doesn't say is that his biggest industry bet by far is actually the semiconductor equipment industry. Here are his holdings according to his latest filing: SEMICONDUCTOR EQUIPMENT -- 17.7% Alliance Semiconductor Corp.* ................. 77,650 440,275 Axcelis Technologies, Inc.* ................... 25,350 220,545 BE Semiconductor Industries N.V.* ............. 286,218 2,046,459 Integrated Silicon Solution, Inc.* ............ 195,950 1,847,809 Kulicke and Soffa Industries, Inc.* ........... 185,400 2,176,596 LTX Corp.* .................................... 79,100 1,175,426 Ultratech, Inc.* .............................. 25,525 748,648 ----------- 8,655,758 As a comparison, his holdings in steel are 3%, chemicals 4.6%, energy & utilities 2.9%. Source: RBB Fund Inc. N-CSR filed 11.7.03. Portfolio of investments as of 8/31/03