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

To: Donald Wennerstrom who wrote (48667)	7/24/2010 4:35:19 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95622

This is the weekly update of the Group and SOX tables in terms of earnings estimates and prices. Again, good gains have been made in the indexes over the past 2 and 3 weeks. For the 3 week period, the Group is up 13.8 percent and the SOX is up 9.9 percent. Earnings estimates have jumped up for the past 2 weeks due to the generally very good results from the 2nd quarter reporting. This should help going forward in supporting the present low multiples of index pricing and perhaps driving the indices upward during the next quarter or two. For the 13 week looking back to 4/23, the Group earnings estimates were 18.94 and 27.75 while the index closed at 361.43. For the SOX on 4/23, the earnings estimates were 32.04 and 38.96 while the index closed at 400.42. Now, the Group earnings estimates are 23.29 and 32.60 while the index closed at 324.11. The SOX earnings estimates are at 39.30 and 45.59 while the index closed at 364.53. Obviously a lot of "doom and gloom" or "fear", whatever you want to call it, has driven the indices down over the last 13 weeks while earnings estimates keep on rising very nicely.