Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Donald Wennerstrom who wrote (17969)	8/11/2004 11:42:38 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95638

Chip tracker hits 13-mo low, retraces 59% of 2003 rally <<10:12 ET NEW YORK (CBS.MW) -- The Merrill Lynch Semiconductor Holdrs were getting knocked $1.76, or 5.7 percent, lower to $29.10 -- the lowest price seen since July 2, 2003 -- with all 20 components contributing to losses. The sector tracking stock has now dropped 23 percent since the end of June, and 36 percent from its 2004 high of $45.78 reached on Jan. 21. The SMH retraced 59 percent of the rally off the October 2002 low of $17.32 to the January 2004 high. National Semiconductor led Wednesday's decliners with a 15-percent plunge after the chipmaker's lowered sales outlook. Among the sector tracker's most heavily weighted, Intel was down 2.8 percent at $21.90, Texas Instruments was losing 5.9 percent to $18.74 and Applied Materials was slumping 5.7 percent to $15.93. Including Intel and TI, 8 components have hit 52-week lows.>>