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

To: Sultan who wrote (41973)12/3/2008 12:25:36 PM
From: The Ox1 Recommendation  Respond to of 95617
 
ASML CFO Sees Consolidation In Semiconductor Sector - Report

Last update: 12/3/2008 2:17:03

AMAMSTERDAM (Dow Jones)--ASML NV (ASML.AE) expects a wave of consolidation in the semiconductor sector next year, Peter Wennink, ASML's chief financial officer, says in an interview with financial daily Het Finanicieele Dagblad published Wednesday. Banks have more or less halted lending to the sector and as a result, a large number of already troubled chipmakers will go bankrupt, says Wennink. "The biggest players will become even larger," Wennink says pointing to Intel Corp. (INTC), Toshiba Corp. (6502.TO), TSMC (TSM) and Samsung Electronics Co Ltd. (005930.SE).



To: Sultan who wrote (41973)12/3/2008 2:17:00 PM
From: Return to Sender1 Recommendation  Read Replies (2) | Respond to of 95617
 
Go ahead and factor in a year end rally. Even in a rally until May and we still may see lower lows next year. If you think about how long it has taken us to get to these lows compared to 2000 to the October 2002 lows we may not be there.



Factor in a rally like in 2001 and you could still see lower lows next year. The volume says be careful. The length of the bear is still short.

But again, who really knows?

RtS


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