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

To: Donald Wennerstrom who wrote (55340)	1/29/2012 12:36:32 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95564

Furthermore, from an earnings point of view in the stocks we watch, the numbers bottomed on a quarterly basis in the March 09 quarter and then began to rise each quarter until reaching the peak in the Dec 10 quarter at 10.70. Then a descent started, small at first, and then accelerating downward. At the moment it looks like the Dec 11 quarter will come in around 7.50 which will be down about 3.20 from the 10.70 of the Dec 10 quarter. Now, let's compare Mar quarters. Mar 11 actuals were 9.74. As of this weekend, 10 of the 18 stocks have reported Dec 11 actuals with new estimates available for the Mar 12 quarter. These new estimate numbers can be put in a small table to compare with the Mar 11 actuals. This table is just under the larger full table posted earlier this weekend. In general, note the weak numbers estimated for the Mar 12 quarter. While the quarterly numbers for the remainder of 2012 may very well increase, the year is starting out in a very poor fashion. Weak numbers for the first quarter will be a "drag" on final 2012 results. 2012 will be fighting just to get back to where we were in 2010 in terms of earnings.

To: Donald Wennerstrom who wrote (55340)	1/29/2012 4:20:30 PM
From: Return to Sender	Respond to of 95564

Don, I posted the Bespoke link because it supported what your table data was already suggesting. Stock prices are advancing a lot but where is the evidence that the economy is headed towards a true expansion? Maybe stock prices truly lead higher especially if bearishness is abundant. But a lot of bearishness has been burnt off already. Can the market go higher? Of course it can but there were a lot of weekly doji's last week on relatively high volume. siliconinvestor.com\|charts CSCO, the last of the big cap tech guns reports next Wednesday Feb 8th. finance.yahoo.com If the market continues higher until then we will have a pull back after CSCO reports. The market is already overbought now though on just about every meaningful daily chart. siliconinvestor.com And as your tables and the data we have shared from Bespoke (and ECRI too) shows so far there is not that much of a recovery going on out there anyway. JMHO, RtS