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

To: Ed Beers who wrote (7199)	10/27/1998 7:38:00 PM
From: Zeev Hed	Respond to of 10921

Ed, sure, it is bearish as far as the profitability of the industry in the next two quarters or so, but it is also a point, where one starts to consider that the sales rate of the industry goes under $20 billion annually, which is almost 50% of the peak sales rate. From here, comparative quarters, so goes the theory, can be only "better". Of course, ask me the same question next month if the BTB is still under .6. Zeev

To: Ed Beers who wrote (7199)	10/28/1998 7:51:00 AM
From: Mason Barge	Read Replies (1) \| Respond to of 10921

<<only the most bullish could consider stabilizing at .57 a good thing. >> LOL! No, I don't think I've heard anyone say this. A btb stabilizing at .9 would mean an industry headed for non-existence. At .57, sales are in a power dive. Those book values are going to look mighty flimsy after a couple of quarters of heavy revenue losses. The btb will certainly "recover" to .8 or so in the next couple of months, even if the industry continues its steep decline. The problem in this sector is that a btb of 1.2 or so will cause stock prices to rocket, even though many companies will still be in the red at that level, given the dismal booking rates for this summer and fall.