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

To: Woody_Nickels who wrote (40224)	9/17/2008 12:21:31 PM
From: Jacob Snyder	Respond to of 95880

ASML (ASML) shares are under pressure this morning after Goldman Sachs analyst Simon Schafer cut his rating on the semiconductor equipment vendor to Neutral to Sell, and add the company to its “Conviction Sell List.” “We believe ASML’s shares continue to price in an earnings rebound in ‘09, which we beleive is becoming increasingly unrealistic,” he writes in a research note. He notes that there have been “material order push-outs” from Toshiba and Rexchip, along with continued spending caution by foundries and “increasing funding concerns at a number of DRAM companies.” Schafer says the company has “one of the best business models in the global industry,” but that “near-term prolonged cyclical headwinds are pronounced enough to offset long-term positives.” blogs.barrons.com