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

To: Ramsey Su who wrote (6095)	6/29/1998 11:05:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 10921

Ramsey: re: ROK: Don't know much about Rockwell. They are a middle-aged (that means overweight and slowing down) company with several different businesses, none of which are doing well. They make chips for modems. That seems like it would be a good chip niche to be in (you need a modem to buy stuff from AMZN, don't they deserve a PE of 837?), but they've done poorly at it. My impression is that in the last 4 weeks or so, a lot of managements have said, "We need to get out of the chip business now, any way we can." Since noone really wants to buy a used fab at the moment, companies are going to have to get real creative about offloading them. If this goes on, they may just start closing them down and writing them off. We'll see that by next year if Micron does what they say they're going to do, (spend their last dollar increasing DRAM capacity).