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To: All Mtn Ski who wrote (4940)1/23/2004 4:25:33 PM
From: BWAC  Read Replies (1) | Respond to of 5867
 
<The market isn't obeying history either, usually during a trough for the semi-equip cycle they get down to 1X-1.5X book and sales and they never got that low this past time>

I've thought about that. And I attribute it greatly to how these companies moved more aggressively to control costs this time, and efforts to maintain operating earnings within sight of breakeven.