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

To: Donald Wennerstrom who wrote (18007)	8/11/2004 8:09:39 PM
From: Gottfried	Read Replies (2) \| Respond to of 95657

Don, LOL! You're right on. But wouldn't it serve better if all analysts published in Latin? Gottfried

To: Donald Wennerstrom who wrote (18007)	8/11/2004 10:06:49 PM
From: Sarmad Y. Hermiz	Read Replies (3) \| Respond to of 95657

Don, Forget about analysts for now. I want to know why companies are not buying other companies for cash ? Corporations have $550 b on their balance sheets. And valuations are low in terms of earnings yield. Yet companies prefer to earn 2% on their cash balance, instead of buying one of their competitors for a return of 7%, 8%, or even 12%. I would expect the resulting competitive consolidation to result in higher profits for the acquiring company. Yet it isn't happening now. Nor did it happen in '02, when prices were even lower. Sarmad