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

To: Donald Wennerstrom who wrote (15049)	5/9/2004 12:57:01 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95888

Tech jobs coming back again. businessweek.com [snip] << For the first time in three years, the tech job market is showing signs of life. After losing some 900,000 jobs since April, 2001, the industry created 2,600 jobs in February and added 11,600 more in March, according to the Bureau of Labor Statistics. And with the tech recovery gaining steam, that appears to be just the beginning. BROAD-BASED TREND. Mark M. Zandi, chief economist at Economy.com Inc., expects tech to create 53,000 jobs this year and an additional 207,000 in 2005. While the pace of hiring pales in comparison with the late 1990s, tech employment remains a key component of U.S. job growth. Over the next five years, Zandi predicts, the industry will create 667,000, or 7.2%, of the projected 9.2 million new jobs.>> [snip]

To: Donald Wennerstrom who wrote (15049)	5/9/2004 11:07:14 AM
From: Return to Sender	Read Replies (2) \| Respond to of 95888

Amateur Investor also notes the importance of the semi's movement here: amateur-investors.com Meanwhile looking at the Semiconductors the Semiconductor Holders (SMH) actually performed well this week. Remember what happened earlier in the year when the SMH's topped out in early Janaury (point G) while the Nasdaq peaked a week later (point H). Notice this week the SMH's were rallying while the Nasdaq continued lower. Thus it will be interesting to see if the recent strength in the SMH's is a signal that that the Nasdaq is possibly nearing a bottom.