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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 (4294)	1/3/1998 9:40:00 AM
From: Proud_Infidel	Respond to of 10921

thread...from the Jan. 12 ed. of Business Week: businessweek.com Excerpt: What's more, many high-tech execs say Wall Street has overreacted to the Asian mess. James C. Morgan, chairman of equipment maker Applied Materials Inc., figures his sales might get nicked 5% if Korea slashes spending on chipmaking equipment in half, a retrenchment he considers overly pessimistic. Yet tech stocks have been hammered as if Asia were the world's premier market for technology. In fact, it accounts for just 18% of worldwide spending on information technology--a figure that shrinks to 2% for the countries in deep trouble: Indonesia, Malaysia, the Philippines, and Thailand. Even if their spending ceased, gains in the big U.S. and European markets could easily compensate.

To: Robert Schling who wrote (4294)	1/3/1998 11:21:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 10921

Robert: Happy new year to you too. I think that an interesting development is occuring with the maligned MU as well. Grant you, the holiday season might be behind the move, but if MU breaks through 28 on Monday with large volume and closes above that point, it might signal the beginning of an upmove in the sector. We have to wait and see the denouement, until proven wrong, I still think that by the middle of next week the weak trend will reestablish itself. Zeev