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

To: Proud_Infidel who wrote (13725)	3/4/2004 12:46:59 PM
From: The Ox	Read Replies (1) \| Respond to of 95640

The bubble was a combination of excessive stock market valuations, excessive amount of chips being created for the wrong/peaking industry(telecom) and over spending on new chip equipment/fab upgrades. The MCIs and Enrons of the world were flat out lying to the market place and they "created demand" for certain types of chips that was simply wasn't there. I don't see the direct correlation between the chips being created today and back in 2000.

To: Proud_Infidel who wrote (13725)	3/4/2004 12:54:46 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95640

Brian, you cannot have it both ways. If you admit 2000 was a bubble for other areas of the market then it was a bubble period. That bubble made for higher than normal stock prices in every industry or sector. Trying to suggest anything else is just rationalization. We all think highly of this industry. It is real but it is cyclical. We had a bubble in 2000 that begot stock prices higher than they are now. There is no guarantee that stock prices will approach those lofty levels any time soon. Look at these charts and tell me that we have not seen high levels of institutional selling in this sector since September: investorshub.com Could that change? Sure we could breakout higher soon enough but when we do I will look at these stock prices as a secondary bubble rather than realistic fundamental valuations. High tech stocks do not necessarily deserve a premium to old line industrials. History has proven again and again the folly of chasing stocks simply because they once had higher prices. RtS