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

To: Donald Wennerstrom who wrote (42666)	1/13/2009 7:11:10 PM
From: Donald Wennerstrom	Respond to of 95521

Linear Tech sees third quarter revs down from second quarter 6:05 PM ET 1/13/09 SAN FRANCISCO, Jan 13 (Reuters) - Analog chip maker Linear Technology (LLTC) posted a drop in second quarter net income, forecast third quarter revenues would be down sequentially, and said the bottom was not in sight. Shares fell 3.8 percent in after-hours trading. The company said its net profit in the quarter ended Dec. 28 fell to $84.2 million, or 38 cents a share, from $93.8 million, or 41 cents a share, in the year-ago period. Chief Executive Lothar Maier said in a statement that he expected fiscal third quarter revenues "will be down in the 15 percent to 20 percent range from the second quarter." "We believe we have not yet seen the bottom," he said in the statement. "Our bookings continue to be weak in the early part of this quarter." Linear Technology makes analog integrated circuits, used in a wide variety of devices. Revenue fell to $249.2 million. Analysts had expected revenue of $254.6 million, according Reuters Estimates. The company increased its quarterly dividend by a penny to 22 cents a share.

To: Donald Wennerstrom who wrote (42666)	1/14/2009 8:58:02 AM
From: Kirk ©	Read Replies (1) \| Respond to of 95521

I am not blaming you.... "One of the great sucker plays since the bear began in 2000 has been the "buy and hold for the long term" mantra that has been chanted by the sages of Wall Street. Simply look at the returns: from 12/31/99 to 12/31/08, " but People who write that sort of nonsense don't understand the theory behind buy and hold. Abandoning buy-and-hold after less than a decade of poor performance is doing readers a disservice. The theory states that even if you bought the DOW at the very top in 1929, 20 years later equities outperformed ALL other asset classes even when adjusted for inflation. Do I think the NASDAQ will reach 5050 again by 2020? At this point, perhaps not.... but the Wilshire 5000, DJIA and S&P500 were all higher than their 2000 highs once and could do so again long before 2020. I happen to agree with the article that you can make MORE money by trading the volatility and I've said and done so for over a decade here... but I hate to see someone selling that system misstating how buy and hold works.