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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Robert Schling who wrote (4131)	12/24/1997 10:46:00 AM
From: Ian@SI	Read Replies (1) \| Respond to of 10921

Extract from WSJ story this morning provides a different view on when to buy.... Missed Opportunity So, with all the uncertainty out there, why not wait? Because you may miss the train, says Kevin Landis, co-portfolio manager for the Technology Value Fund in San Jose. History, he argues, has shown that investors tend to get back into this group six to nine months before the fundamentals actually show signs of improvement. "More than any other type of companies, these stocks start to get bid up before the good news starts being reported," says Mr. Landis, who is eyeing Applied for his firm's new fund of technology leaders. In autumn 1996, stocks of chip-equipment companies took off only a month or so after analysts had cut their earnings estimates. The rally came well before the companies, including Applied, began posting better results. "I was basically left out of that run," Mr. Landis says. "And I'm concerned that it might happen again."