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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (2039)	10/23/1997 5:56:00 PM
From: Bosco	Respond to of 37387

Crossy - hang in there. I may join you in the trenches for this one. rgds Bosco

To: Crossy who wrote (2039)	10/23/1997 6:07:00 PM
From: Iris Shih	Read Replies (2) \| Respond to of 37387

Crossy, Sorry to hear about your loss. Found this article, which confirms my fears about the semi equipment shares' downward momentum the other day. Semiconductor equipment shrs fall on Asian worrie SAN FRANCISCO, Oct 23 (Reuters) - Semiconductor equipment shares were among the hardest hit of technology stocks in the wake of the plunge in the Hong Kong stock market, as investors worried about their exposure to Asian semiconductor firms. Applied Materials Inc (AMAT) ended down 3-1/2 to 37, KLA-Tencor Corp (KLAC) tumbled 3-15/16 to 58-1/4, LAM Research (LRCX) lost 1-1/8 to 39, Novellus Systems Inc (NVLS) closed off 4-3/4 to 51-/38 and Ultratech Stepper Inc (UTEK) fell 3-12/16 to 28-13/16. ''It's worries about Asia,'' one technology trader said, referring to their sales of equipment to Asian chip makers. Traders said investors fear that the sharp drop in the Hong Kong stock market, plus rising interest rates, will lead to a recession and a sharp drop in capital spending by Asia semiconductor companies. Many of the semiconductor equipment shares have been in a gradual decline since this summer. In June, Gus Richard of Hambrecht & Quist downgraded many stocks in the sector because of their high valuations and weakening fundamentals. I will join you on this one later for sure. CYMI reported earning this afternoon. Lets see how the street reacts tomorrow. ***I put in a GTC oder to buy some asnd shares at 30 and wfr at 17 today. Iris