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

To: Mason Barge who wrote (5701)	6/6/1998 12:54:00 AM
From: shane forbes	Respond to of 10921

(Taiwan) Mason: Taiwan foundries have put the pressure on the spending brakes for quite some time now I believe. So even though Taiwan is growing, albeit modestly, and pushouts there will add to a bad situation - I think that a lot of the damage has already been done and are factored into some of the stock prices here - therefore I don't think any incremental pushouts will be viewed as being calamitous to the semi-equips. Also since they are better capitalized I do not think we will have the same sort of negative effects on the foundries there as we did with the Korean memory companies if the stock market there suffers. TSMC's business is down from the torrid levels of quarters past - there was a lot of over building there last year and it will be awhile before all of it is absorbed. I do however think much of this is already known. 0.8 to 0.9? I say 0.7 to 0.8 - easily, a couple of months below 0.7 likely when all is said and done ... <g> Shane.