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

To: Jess Beltz who wrote (7663)	2/21/1999 12:26:00 PM
From: blake_paterson	Respond to of 10921

Chip equipment makers launch global stock index (courtesy Mort from SFAM thread) February 18, 1999 09:49 PM NEW YORK, Feb 18 (Reuters) - SEMI, an international trade group of semiconductor equipment makers, on Thursday introduced a global stock index for the often overlooked sector, which in recent months has shown signs of a cyclical rebound. The index of 62 publicly traded companies, known as SEMIndex (pronounced semi-index) was unveiled at a three-day industry investor conference under way in New York this week, the trade group said in a statement. Semiconductor equipment manufactures, the suppliers of manufacturing equipment used to produce computer chips, have often existed in the shadow of their more-visible customers, semiconductor makers such as Intel Corp. INTC , Micron Technology Inc. MU and Texas Instruments Inc. TXN . Semiconductor companies make up the majority of companies listed in the Philadelphia Semiconductor Index . Only four of the 16 components -- Applied Materials Inc., Novellus, KLA-Tencor and Teradyne -- are equipment makers. An existing index of semiconductor equipment makers, the S&P semi equipment index, is listed at . Caught short by a glut of excess manufacturing capacity during the semiconductor downturn of the last three years -- leading chip makers to slash spending on new equipment -- the stocks have lagged other technology sectors. But Wall Street analysts believe the slowdown in orders hit bottom in the 1998 third quarter and now revenues and earnings are poised to pickup in 1999. Leading names in the sector are now trading near 52-week highs, and analysts see the group poised for additional gains as the famously boom-and-bust industry appears headed into one of its traditional multiyear cyclical upswings. The SEMIndex will be updated every 15 minutes on the SEMI Web site at semindex.org. The index was set at a value of 100 on Friday, Jan. 1, the first trading day of 1999. The new index includes industry sector companies with market capitalizations of $50 million or more. The market-weighted index includes companies from the United States, Japan, Germany, Belgium, Holland, Switzerland and Austria. SEMI is the international association of chip equipment makers. The association has 2,300 member companies worldwide. The sector generates $65 billion in annual revenues, the trade association estimated. A table of SEMIndex components follows: NORTH AMERICAN COMPANIES AMAT APPLIED MATLS INC KLAC KLA-TENCOR CORP TER TERADYNE INC NVLS NOVELLUS SYS INC AMKR AMKOR TECHNOLOGY VAR VARIAN ASSOCS INC ETEC ETEC SYSTEMS INC CGNX COGNEX CORP VECO VEECO INSTRS INC LRCX LAM RESEARCH CORP DPMI DUPONT PHOTOMASKS PLAB PHOTRONICS INC AEIS ADVANCED ENERGY IN PRIA PRI AUTOMATION ATMI ATMI INC ESIO ELECTRO SCIENTIFC CYMI CYMER INC KLIC KULICKE & SOFFA SVGI SILICON VALLEY GRP CMOS CREDENCE SYS CORP UTEK ULTRATECH STEPPER WFR MEMC ELECTR MATLS COHR COHERENT INC ASYT ASYST TECH CORP FSII FSI INTL INC EGLS ELECTROGLAS INC COHU COHU INC SFAM SPEEDFAM INTL INC IPEC INTG PROCESS EQUP WJ WATKINS JOHNSON EMKR EMCORE CORP BRKS BROOKS AUTOMATION ADEX ADE CORP MASS GSNX GASONICS INTL CRPB CERPROBE CORP ATRM AETRIUM INC LTXX LTX CORP ZIGO ZYGO CORP ASTX APPLIED SCI & TEC SMTL SEMITOOL INC MTSN MATTSON TECH INC ROBV ROBOTIC VISION KEI KEITHLEY INSTRS NANO NANOMETRICS INC CFMT CFM TECHNOLOGIES IMSC INTEGRATED MSRMNT MASK ALIGN-RITE INTL JAPAN ADVANTEST ANDO ELECTRIC DAINIPPON SCREEN DISCO KOKUSAI ELECTRIC TOKYO ELECTRON TOKYO SEIMITSU NIKON CORP EUROPE ASMIF ASM INTL ASML ASM LITHOGRAPHY <AIXG.F> AIXTRON <BESIF.O> BE SEMICONDUCTOR <ESEF.S> ESEC HOLDINGS <IVISF.O> ICOS VISION <JENG.F> JENOPTIK SEZBF SEZ ((-- Eric Auchard, New York newsdesk 212 859-1840)) REUTERS

To: Jess Beltz who wrote (7663)	2/22/1999 6:24:00 AM
From: Mao II	Read Replies (1) \| Respond to of 10921

Jess: Wasn't it Fleck who disparaged CYMI as a maker of "bulbs" right as the price was weakening in late 97? If memory serves, the company bowed out of an analyst conference, citing emergency hand-holding that was necessary for some customer, the stock tanked and then Fleck got on a talking head show and bashed the company as a maker of bulbs. So he either knew nothing about the company or deliberately mischaracterized it at a time of weakness or both. M2 (Someone please correct me if my memory is playing tricks here.)