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

To: Donald Wennerstrom who wrote (48760)	7/31/2010 7:40:21 PM
From: Donald Wennerstrom	3 Recommendations Read Replies (1) \| Respond to of 95422

This is the weekly update for the SOX stocks in terms of earnings estimates, growth estimates, and price changes sorted by price percent change. Only 3 of the 21 stocks were up for the week leaving the index down 4.3 percent. Like the Group, earnings estimates were up and growth estimates were down at the bottom line. Only the DOW managed to finish the week with a small gain of 0.4 percent. Both MU and WFR finished the week with a loss greater than 10 percent. WFR missed their earnings and revenue estimates. MU had a bad day on Friday when Samsung had some negative news. An excerpt of this news follows: <<Micron Technology Inc. (MU, $7.35, -$0.43, -5.53%) slid after Samsung, the world's largest memory chip maker, warned production increases in the industry will likely result in lower prices and profits for some chips later this year. But Wedbush said DRAM pricing needs to come down to see increased content in PCs and other items, adding Micron should be able to reduce costs enough to deal with lower average selling prices and preserve margins. "Investors' concern that the memory cycle is over, especially for DRAM, is very premature," the firm said, calling Micron's weakness as buying opportunity.>>