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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (1418)	3/31/1998 12:39:00 AM
From: Stu Bishop	Respond to of 3813

David, I also agree with Todd that things might be slow for this sector for perhaps the next year. But I'm also afraid to sell NVLS or my AMAT. Who knows when things will pick up? And these stocks typically rise well in advance of the fundamentals. Furthermore, once they start their next big advance, they have been known to move quickly. I'm afraid I'd be snoozing and miss the upturn. I've considered selling out of these for a few quarters, but I'm not certain at this point that I should. Anyone have more of the meat from the following announcement? When they see the outlook improving, for example? INFRASTRUCTURE Assesses Slowdown in the Semiconductor Industry March 30, 1998 02:17 PM DALLAS--(BUSINESS WIRE)--March 30, 1998--INFRASTRUCTURE, <http://www.infras.com>, the independent research and analyst group which provides expert information on the semiconductor, FPD and related industries, has just released a special report characterizing the current slowdown in the semiconductor manufacturing industry. Titled "Patience Is A Virtue!", the report reviews several pieces of industry data and makes observations on the outlook for the sector. Carl Johnson, INFRASTRUCTURE's president, commented, "Weakening business conditions have caused us to take a cautious outlook toward the semiconductor and semiconductor equipment industries." He added, "During these difficult periods, we often suggest to our subscribers that they exercise patience while selectively applying capital to the market." "We see several signs indicating that these slower conditions could last longer than most investors are expecting," commented Ron Leckie, INFRASTRUCTURE's CEO, "However, we still have a very strong belief in the long term future of technology." He added that "turmoil in the South East Asian economy, very weak device prices and some slowing in unit volume shipments are taking a short-term toll on the industry." Best of luck. Stu B.