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

To: The Ox who wrote (40118)	9/9/2008 2:58:45 PM
From: FJB	Respond to of 95617

Lehman Brothers in freefall as hopes fade for new capital 31 minutes ago NEW YORK (AFP) — Shares of Lehman Brothers went into a freefall Tuesday as hopes faded for an injection of fresh capital for the ailing Wall Street investment bank, analysts said. Lehman, one of Wall Street's most prominent investment firms, saw its shares tumble 34 percent to 9.38 dollars at 1815 GMT. The shares have plunged some 85 percent since February. Selling pressure accelerated Tuesday after the Wall Street Journal reported the Korea Development Bank, the state-run South Korean firm, had put talks on hold with the US firm. KDB had reportedly been eyeing a 25 percent stake for some four billion dollars. afp.google.com

To: The Ox who wrote (40118)	9/10/2008 7:11:13 PM
From: Donald Wennerstrom	3 Recommendations Read Replies (3) \| Respond to of 95617

Ox, I certainly do agree with you. <<The market in general and the semis in particular are in sell first, ask questions later mode.>> WFR is a good example of that the past few days. It has been a strong stock with a lot of good ratings, but the stock has been "diving" the past few days for apparently no good reason(s). The latest is a small article from Schaeffers <<A New Low for MEMC Electronic Materials, Inc. (WFR) 9/9/2008 2:02 PM Shares of MEMC Electronic Materials, Inc. (WFR) are hitting a new annual today as they drop 14%. However, there could still be more selling pressure lurking as the Street is still firmly in the "bull camp". Here is what I am seeing... In a post at the end of July - Revisiting eBay Inc, Google Inc, Microsoft Corporation, and MEMC Electronic Materials Inc - I discussed how WFR was one of the stocks showing an intermediate-term breakdown amid optimism from analysts. A look to the chart to the right shows the Street has yet to temper its enthusiasm. As I reiterated in the link above, I think the key takeaway here is that analyst opinion has lagged the price action. We have seen a breakdown that the Street wasn't anticipating and this has created a short-term disconnect that will need to be resolved. Either the technical and fundamental situations need to turn around or downgrades will continue to remain a risk.>> schaeffersresearch.com The estimates for WFR remain high as shown in the summary table by Thompson Financial. The mean price target is $68 provided by 17 analysts. Yet with all of that "good" news, the stock has taken a pounding the last 7 trading days, 4 days last week, and 3 days this week. Over that period the stock has lost 30 percent. The following short table for WFR shows what has happened over the past 7 trading days. Next year earnings are over $5 a share. With a PE of 7 and a long term growth of 29, the PEG is 0.23. This is an incredibly low number. Don