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

To: Return to Sender who wrote (56836)	7/10/2012 2:43:41 PM
From: Sam	1 Recommendation Read Replies (1) \| Respond to of 95748

I have over the past 6 weeks or so bought both Marvell and LSI, thinking that both were cheap. I also sold them both, when they were even cheaper. As the saying goes, Mr. Market can be irrational longer than you or I can be solvent. At least if we aren't very very careful.

To: Return to Sender who wrote (56836)	7/10/2012 3:05:57 PM
From: The Ox	2 Recommendations Read Replies (1) \| Respond to of 95748

I was looking at MRVL earlier today. Very attractive numbers but the stock chart is bloody awful. My conclusion is that it stays near the top of the watch list but I would rather see a catalyst or trend change before starting to buy. Earnings are relatively solid and you are paying roughly an 8 or 9 PE for a stock that may make over a dollar and a quarter in earnings next fiscal year, although estimates have been coming down. I believe they have nearly $4/share in cash, so the price is right but the trend is wrong. Would like to see a bottoming process or full reversal of the trend but that's just me.

To: Return to Sender who wrote (56836)	7/10/2012 7:43:28 PM
From: Donald Wennerstrom	3 Recommendations Respond to of 95748

RtS, Your MRVL chart sort of says it all. Looking back to last fall, the financial pundits, for the most part, were really getting excited about the fact that in their eyes, "better times were ahead - fears of another recession were over - it was onward and upward into the wild blue yonder - the stock market was under valued or represented good value, etc". MRVL and other stocks of all kinds really "took off". Earnings in the spring quarter 2012 were very good(but were not as good as the 2011 spring quarter by far), but it was around then that the "wheels started coming off the bus". More and more doubt about the 2nd quarter, but many argued that 1H12 would be down, but just wait for 2H12 for a rebound. Then lately, as the economic data is trickling in the data continues to disappoint. In the meantime MRVL and other stocks start to get the message. 2H12 is not in the "bag" after all. Today, with the AMD and AMAT earnings announcements not up to "snuff", another hammer has fallen. I don't pretend to know how this will all pan out eventually, but the baseline of sorts for the 17 stocks in the Group and SOXM that report on a CY/FY basis was shown in Message 28232174 I will be very interested to see how the table will change in terms of earnings reports and estimates for the future after the reporting has settled in the next many weeks. I expect more reductions in the estimates.