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

To: Donald Wennerstrom who wrote (15127)	5/12/2004 6:06:17 PM
From: Donald Wennerstrom	Respond to of 95838

The report today on ASML is noted below - for the "record". The reasoning for the downgrade is something else again. <<Market Report -- In Play (SPE, ASML) May 12, 2004 09:27:00 AM ET ASML cut to Neutral at UBS in Europe 15.84: UBS in Europe downgrades ASML Holding to Neutral from Buy as Q1 results confirm that this year will see strength in SPE spending, as the order backlog rose to 163 units from 124. Tight semiconductor capacity utilization rates and strong demand for wireless and digital consumer products lead the firm to increase its 2004 global litho tools estimate to 530 units from 435, and for ASML to 251 from 227 units. Firm notes there has been a close historical correlation between the stock and year-on-year growth in backlogs. The firm forecasts that growth in ASML's order backlog will peak in Q2. Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.>> Too bad that "order backlog" will peak this quarter.:-) It's all over folks - time to "pull the plug".:-)