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

To: Donald Wennerstrom who wrote (18037)	8/12/2004 12:15:51 PM
From: michael97123	Read Replies (1) \| Respond to of 95743

If greenie was right about the economy, the market is going in the wrong direction if one looks six months out. I am scared that the market may be creating a self fulfilling prophecy. I dont look at my statements any more and a conservatively invested friend said the same to me earlier today. Down market hurts consumer confidence and will begin to have an effect on the luxury end of the retail market if this goes on much longer. High oil, falling markets, rising interest rates, terror fears, etc. will soon be more than a wall of worry. Action needed! Perhaps good first step is to stop filling the reserve and release some black gold. Hell sell it at a profit. I know the effects may only be psychological but we have the beginnings here of a psych depression like we had until 2003.. mike

To: Donald Wennerstrom who wrote (18037)	8/12/2004 12:18:51 PM
From: Donald Wennerstrom	Read Replies (3) \| Respond to of 95743

Credence Systems "neutral," target price reduced <<Thursday, August 12, 2004 2:54:20 AM ET NEW YORK, August 12 (New Ratings) - Analyst Mark F FitzGerald of Banc of America Securities reiterates his "neutral" rating on Credence Systems (CMOS.NAS), while reducing his estimates for the company. The target price has been reduced from $12.30 to $6.70. In a research note published yesterday, the analyst mentions that Credence Systems' October quarter sales are likely to be adversely affected by the significant decline in the capital expenditures of Asian subcontractors and test and assembly companies. The Asian sector accounts for over 50% of the company's sales, the analyst says. The EPS estimates for 2004 and 2005 have been reduced from $0.21 to $0.12 and from $0.77 to $0.30, respectively.>>