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To: Proud_Infidel who wrote (12321)	2/23/1998 12:44:00 PM
From: Trader X	Read Replies (1) \| Respond to of 17305

I agree with what you say re the relative importance of the semi equips. And had I said that the Naz run was attributable to the semi equips, you would have a viable arquement. However, what I wrote was "semi and semi quip stocks". I included semi equips in the sentence because they have enjoyed the fruits of this move. The semi stocks do make up a large portion of the Naz move, on their own. Also, my cliam was as "one of the reasons", not the entire cause. I hardly think that the combined weight of the semis and semi equips are a moot point to the rise of the Naz.