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

To: Katherine Derbyshire who wrote (5901)	6/17/1998 6:08:00 PM
From: Joseph Beltran	Read Replies (1) \| Respond to of 10921

Interesting press release re. the intervention. Could it really be that Japan will actually do something soon?? biz.yahoo.com

To: Katherine Derbyshire who wrote (5901)	6/17/1998 7:16:00 PM
From: Czechsinthemail	Respond to of 10921

I'm interested in exploring semi equip companies from several different points of view. One is the relative vulnerability and opportunity at this point -- how much more downside risk compared with how much recovery potential different companies carry. Another is resistance to decline and speed of recovery -- which companies are likely to go down least and which are likely to snap back first or strongest. Are certain segments of the semi equip sector likely to perform better? I'd like to invite thoughts on which companies offer the best risk/reward situations at this point and which are likely to be the most resilient in a recovery. Thanks, Baird

To: Katherine Derbyshire who wrote (5901)	6/18/1998 8:40:00 AM
From: klaus pluszynski	Read Replies (1) \| Respond to of 10921

Re.: >The SEMI book to bill is sales by North American equipment >companies, therefore it's a safe bet that all the transactions take >place in US$. I can see two reasons, why the BTB should react favorably to a stronger yen: 1. US manufacturers will be able to better compete against their asian competitors. More orders go to the US and hence the order component in the BTB will rise, even if the overall market isn't growing 2. Winning an order in the asian region will bring in more $$$ when translated into USD. Again, a positive for the BTB. The yen stood at ~160 at the beginning of the decade. It declined to ~80 towards the middle of the decade. Look at the LT charts of semi equip mfgs to see the impact. If the unexpected happens and the Yen declines significantly over the next years, then those beaten down US High Tech manufacturers with heavy competition from Asia (semi eq., disk drive components) should stage a roaring comeback. Klaus