Yahoo - Global Semiconductor Sales Slow Sharply

From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1642 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, September 4 2001 Volume 02 : Number 1642 In this issue: [CANSLIM] Glad its a holiday Re: [CANSLIM] Worley's Weekend Weeview [CANSLIM] Tom's International Review Re: [CANSLIM] Tom's International Review [CANSLIM] Accessing the discussion canslim archives... Re: [CANSLIM] Accessing the discussion canslim archives... Re: [CANSLIM] Glad its a holiday Re: [CANSLIM] Glad its a holiday [CANSLIM] Yahoo! Finance Story - Yahoo - Global Semiconductor Sales Slow Sharply ---------------------------------------------------------------------- Date: Mon, 3 Sep 2001 06:45:57 -0400 From: "Tom Worley" Subject: [CANSLIM] Glad its a holiday This is a multi-part message in MIME format. - ------=_NextPart_000_0017_01C13444.160A9FA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable At least we get to postpone the pain for another day. Japan led Asia = lower, losing over 300 points (2.84%) to its 4th consecutive 17 year low = and moving fast towards the 10,000 level. To put this disaster into a = more local perspective, if we were also sitting on 17 year lows, the DOW = 30 would be under 1,000 (rather than 10,000) and NASDAQ would have no = comparison as it didn't exist back then. The IMF (Int'l Monetary Fund) has now made a formal demand that Japan = comply with its monitoring program. Puts more pressure on them for full = disclosure of the seriousness of their bank's bad loans problems. Hitachi warned that its full year will result in a huge loss after all = ($1.17 billion), and Nikon warned that it now expects to only break even = for the year (don't bet the farm on that). And in Europe, both France and Germany are down over 2%, and most other = exchanges are down over 1%. Good day for the US markets to be closed. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0017_01C13444.160A9FA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

At least we get to postpone the pain for another = day. =20 Japan led Asia lower, losing over 300 points (2.84%) to its 4th = consecutive 17=20 year low and moving fast towards the 10,000 level. To put this disaster = into a=20 more local perspective, if we were also sitting on 17 year lows, the DOW = 30=20 would be under 1,000 (rather than 10,000) and NASDAQ would have no = comparison as=20 it didn't exist back then.

The IMF (Int'l Monetary Fund) has now made a formal = demand=20 that Japan comply with its monitoring program. Puts more pressure on = them for=20 full disclosure of the seriousness of their bank's bad loans=20 problems.

Hitachi warned that its full year will result in a = huge loss=20 after all ($1.17 billion), and Nikon warned that it now expects to only = break=20 even for the year (don't bet the farm on that).

And in Europe, both France and Germany are down over = 2%, and=20 most other exchanges are down over 1%.

Good day for the US markets to be = closed.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

- ------=_NextPart_000_0017_01C13444.160A9FA0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 07:07:02 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0023_01C13447.08213180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Ian, Like EPIQ, they are positioned to benefit from a weak economy, and lots = of companies with financial difficulties. The key for both NCPM and ASFI = (the former I am adding to my VR mutual fund tomorrow, and the latter is = already there) is that they have good management that knows what = distressed receivables to buy, and at what price. If they pay too much, = or the receivables prove uncollectible without lots of legal expenses, = then they lose, as does their shareholders. So far, they do not have = that much competition that I can see, but if the economy continues to = flounder for too many more months, others will jump into this business = as well and mess it up. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 02, 2001 11:40 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom: I am intrigued to see NCPM on your list. They, along with ASFI, have = to be poster-children for cash cows in the current economy ... don't = they? Ian ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Saturday, September 01, 2001 11:14 AM Subject: [CANSLIM] Worley's Weekend Weeview EARNINGS WARNINGS AND PROSPECTS FOR THE THIRD QUARTER As of Monday, more companies had already given a negative earnings = warning about the current quarter than was seen in the record breaking = 1st quarter (246 to 162). At the start of July, analyst's expectations = were for a drop of about 6% in earnings for the S&P 500 companies, now = that has already grown to over 12%. - -------------------------------------------------------------------------= - --- BANKRUPTCY FILINGS AND THE ECONOMY Bankruptcy filings during the second quarter are on track to break = the record last set in 1998. A total of 400,394 filings were made, up = 25%. Of this, Chapter 7 filings accounted for over 70% and up 30%. Fear = of new legislation that may hinder filing Ch. 7 may be part of the = reason, but any effect from that is over 6 months away. Meanwhile, = personal total debt to income ratios continue to worsen from 1.14 in = 1983 to 1.63 in year 2000. One research firm estimates that 43.7 million = US households have less than $1,000 in liquid net assets, and that 16.3 = million households have a zero or negative net worth. I think I will = hang on to EPIQ a while longer, looks like a growth industry to me, = especially with them taking business away from their only real = competitor for bankruptcy trustee software.=20 - -------------------------------------------------------------------------= - --- And on Tuesday we're supposed to be cheered up by an Intel exec = being quoted saying . "Almost by definition, anything has to be better = than the first half," ???=20 - -------------------------------------------------------------------------= - --- JAPANESE ECONOMIC CRISES Japanese banks begin valuing their portfolios on a mark-to-market = basis on September 30. Best indications are that most banks are no = longer carrying large unreported paper losses. Will be interesting to = find out. With the market there continuing to slide to a 17 year low, = and now closing well under 11,000, it's hard to believe the banks are = making any money on their stock portfolios. And one financial market is = upgrading their system to permit trading with negative interest rates. = It's unlikely to ever be used, but with rates already so low, they want = to be ready just in case. The Japanese Financial Minister estimates that = current bad loan levels will persist until 2003, and it will take 7 = years just to cut the bad loan volume in half from its present $145 = billion. And the expectation of a plunge to 10,000 on the NIKKEI is = apparently already being taken as a given. - -------------------------------------------------------------------------= - --- SEMICONDUCTORS Read a good article by Michael Kramer this week, if still available = you can find it at=20 http://biz.yahoo.com/rf/010829/tp104470.html Says if this industry was Reality TV, the manufacturers would be = playing "Survivor" to see who next gets kicked off the island. Hynix = Semi, 3rd largest world wide, failed to pay over $300 million in = maturing bonds trying to force creditors owning over $1 billion in debt = to roll it over into new bonds. Meanwhile, the benchmark 64 bit DRAM = chip has fallen from over $9 last summer to around a buck. Profitability = apparently kicks in around $3.00. Worldwide revenue this year from DRAM = chip sales is expected to drop 55%.=20 - -------------------------------------------------------------------------= - --- WHERE THERE'S SMOKE, THERE'S PROBABLY A FIRE! While Japan has accepted in principal an audit by IMF into it's = situation with bad loans by Japanese banks, it has so far steadfastly = managed to avoid complying. Many analysts suspect the situation is far = worse than publicly acknowledged ($362 billion - note, another article = put it at only $145 billion, all depends on how you define "bad loans") = by the Japanese government. The Audit / Investigation applies to all 183 = members of the IMF, and 13 have already completed the process (USA = apparently not among them). Japan claims inadequate staffing to do it. = Meanwhile this # 2 economy globally continues to set new 17 record lows = on its exchange (doing it again tonight, which is Friday already in = Japan, down way over 1% and continuing to head for the 10,000 level) and = has an unemployment rate at 5% which is the highest since stats were = started in the '50s.=20 - -------------------------------------------------------------------------= - --- DGO LIST Overall list dropped substantially, no surprise given the 4-5% = decline in most indexes last week. Total was 194, down from 248. Despite = that sizable drop in quantity to review, the number passing my visual = screen greatly increased, as did the quality of those charts. The spreadsheet with data will follow separately. I am using a new shorthand this week, the pound symbol (#) after the = stock symbol means I have it in my VR mutual fund MDCI # - B2 GISX # - B/O failed CEDC - B4 ASW - B2 SLNK - possibly completing a decent short term cup STRC - nice one week handle on a "ok" cup FSM - B3+, still no volume FHRX - B2 SCVL - broke the pivot on volume Wednesday DKWD - B2 AGM - B2 SFD - saucer APPB - b/o Thursday on volume AAON - B4+ HRB - continues its LLUR ways after reporting reduced losses on = higher revenues FSRV - handle on the small cup appears to be trending up on light = volume TOO - B2 KG - consolidation FCB - B3+, no volume AZO - 7 week consolidation IBKC - B7, very tight base MATW - B5 OFIX - b/o failed, but didn't quite return to the over 4 week base NRIM - B12 ATK - B2 STW - B2 ALLY - decent cup completed, handle starting KMP - 3 week handle on a very shallow cup, more of a saucer FTO - nice clean b/o on 3X ADV on Wednesday from a very smooth cup, = just over pivot JBX - B2 ANSS - B5+ BBI - completed a triple bottom cup, working on the handle GFF - LLUR KPP - B2 HRL - B8 NEP - B4 CNJ - B3 PCC - B2 EFX - LLUR??? PTV - B3 WWW - B2+ NARA - B4 MCK - B3 AIM - B5, no volume AMMD - B7, volatile CITZ - B8+ STE - B7+ CBT - stealth b/o Friday from a saucer HCT - one week handle on a very smooth teacup, no volume but = impressive cash flow ATR - 2 week handle on the cup, cup relatively clean w/capitulation = day UBSI - B2 RBMG - B2 LSTR - B5 CARS - another handle building chart GBCI - B4+ CXIPY - B2 MKC - another one week handle on a saucer CYTC - B6 IVC - two week handle on a decent cup, handle a little too high CGI - B5+ CFFN - B2 SSD - B2+ NCPM - two week base on smooth cup, recent IPO WRNB - B3 TMK - LLUR Play it safe, play it on paper, and Happy Hunting, For those in the states, have a happy and safe Labor Day holiday, = drive safe and sober, =20 Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0023_01C13447.08213180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Ian,

Like EPIQ, they are positioned to benefit from a = weak economy,=20 and lots of companies with financial difficulties. The key for both NCPM = and=20 ASFI (the former I am adding to my VR mutual fund tomorrow, and the = latter is=20 already there) is that they have good management that knows what = distressed=20 receivables to buy, and at what price. If they pay too much, or the = receivables=20 prove uncollectible without lots of legal expenses, then they lose, as = does=20 their shareholders. So far, they do not have that much competition = that I=20 can see, but if the economy continues to flounder for too many more = months,=20 others will jump into this business as well and mess it up.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----

From:=20 Ian =

To: canslim@lists.xmission.com =

Sent: Sunday, September 02, = 2001 11:40=20 PM

Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

Tom:

I am intrigued to see NCPM on your list. They, = along with=20 ASFI, have to be poster-children for cash cows in the current economy = ...=20 don't they?

Ian

----- Original Message -----

From:=20 Tom=20 Worley

To: CANSLIM=20

Sent: Saturday, September 01, = 2001=20 11:14 AM

Subject: [CANSLIM] Worley's = Weekend=20 Weeview

EARNINGS WARNINGS AND PROSPECTS FOR THE = THIRD=20 QUARTER

As of Monday, more companies had already given a = negative=20 earnings warning about the current quarter than was seen in the = record=20 breaking 1st quarter (246 to 162). At the start of July, analyst's=20 expectations were for a drop of about 6% in earnings for the S&P = 500=20 companies, now that has already grown to over 12%.

BANKRUPTCY FILINGS AND THE ECONOMY

Bankruptcy filings during the second quarter are on track to = break the=20 record last set in 1998. A total of 400,394 filings were made, up = 25%. Of=20 this, Chapter 7 filings accounted for over 70% and up 30%. Fear of = new=20 legislation that may hinder filing Ch. 7 may be part of the reason, = but any=20 effect from that is over 6 months away. Meanwhile, personal total = debt to=20 income ratios continue to worsen from 1.14 in 1983 to 1.63 in year = 2000. One=20 research firm estimates that 43.7 million US households have less = than=20 $1,000 in liquid net assets, and that 16.3 million households have a = zero or=20 negative net worth. I think I will hang on to EPIQ a while longer, = looks=20 like a growth industry to me, especially with them taking business = away from=20 their only real competitor for bankruptcy trustee software.=20

And on Tuesday we're supposed to be cheered up by an Intel exec = being=20 quoted saying . "Almost by definition, anything has to be better = than the=20 first half," ???=20

JAPANESE ECONOMIC CRISES

Japanese banks begin valuing their portfolios on a = mark-to-market basis=20 on September 30. Best indications are that most banks are no longer = carrying=20 large unreported paper losses. Will be interesting to find out. With = the=20 market there continuing to slide to a 17 year low, and now closing = well=20 under 11,000, it's hard to believe the banks are making any money on = their=20 stock portfolios. And one financial market is upgrading their system = to=20 permit trading with negative interest rates. It's unlikely to ever = be used,=20 but with rates already so low, they want to be ready just in case. = The=20 Japanese Financial Minister estimates that current bad loan levels = will=20 persist until 2003, and it will take 7 years just to cut the bad = loan volume=20 in half from its present $145 billion. And the expectation of = a plunge=20 to 10,000 on the NIKKEI is apparently already being taken as a = given.

SEMICONDUCTORS

Read a good article by Michael Kramer this week, if still = available you=20 can find it at

http://biz.yahoo.co= m/rf/010829/tp104470.html

Says if this industry was Reality TV, the manufacturers would = be=20 playing "Survivor" to see who next gets kicked off the island. Hynix = Semi,=20 3rd largest world wide, failed to pay over $300 million in maturing = bonds=20 trying to force creditors owning over $1 billion in debt to roll it = over=20 into new bonds. Meanwhile, the benchmark 64 bit DRAM chip has fallen = from=20 over $9 last summer to around a buck. Profitability apparently kicks = in=20 around $3.00. Worldwide revenue this year from DRAM chip sales is = expected=20 to drop 55%.=20

WHERE THERE'S SMOKE, THERE'S PROBABLY A = FIRE!

While Japan has accepted in principal an audit by IMF into it's = situation with bad loans by Japanese banks, it has so far = steadfastly=20 managed to avoid complying. Many analysts suspect the situation is = far worse=20 than publicly acknowledged ($362 billion - note, another article put = it at=20 only $145 billion, all depends on how you define "bad loans") by the = Japanese government. The Audit / Investigation applies to all 183 = members of=20 the IMF, and 13 have already completed the process (USA apparently = not among=20 them). Japan claims inadequate staffing to do it. Meanwhile this # 2 = economy=20 globally continues to set new 17 record lows on its exchange (doing = it again=20 tonight, which is Friday already in Japan, down way over 1% and = continuing=20 to head for the 10,000 level) and has an unemployment rate at 5% = which is=20 the highest since stats were started in the '50s.=20

DGO LIST

Overall list dropped substantially, no surprise given the 4-5% = decline=20 in most indexes last week. Total was 194, down from 248. Despite = that=20 sizable drop in quantity to review, the number passing my visual = screen=20 greatly increased, as did the quality of those charts.

The spreadsheet with data will follow separately.

I am using a new shorthand this week, the pound symbol (#) = after the=20 stock symbol means I have it in my VR mutual fund

MDCI # - B2

GISX # - B/O failed

CEDC - B4

ASW - B2

SLNK - possibly completing a decent short term cup

STRC - nice one week handle on a "ok" cup

FSM - B3+, still no volume

FHRX - B2

SCVL - broke the pivot on volume Wednesday

DKWD - B2

AGM - B2

SFD - saucer

APPB - b/o Thursday on volume

AAON - B4+

HRB - continues its LLUR ways after reporting reduced losses on = higher=20 revenues

FSRV - handle on the small cup appears to be trending up on = light=20 volume

TOO - B2

KG - consolidation

FCB - B3+, no volume

AZO - 7 week consolidation

IBKC - B7, very tight base

MATW - B5

OFIX - b/o failed, but didn't quite return to the over 4 week=20 base

NRIM - B12

ATK - B2

STW - B2

ALLY - decent cup completed, handle starting

KMP - 3 week handle on a very shallow cup, more of a = saucer

FTO - nice clean b/o on 3X ADV on Wednesday from a very smooth = cup,=20 just over pivot

JBX - B2

ANSS - B5+

BBI - completed a triple bottom cup, working on the = handle

GFF - LLUR

KPP - B2

HRL - B8

NEP - B4

CNJ - B3

PCC - B2

EFX - LLUR???

PTV - B3

WWW - B2+

NARA - B4

MCK - B3

AIM - B5, no volume

AMMD - B7, volatile

CITZ - B8+

STE - B7+

CBT - stealth b/o Friday from a saucer

HCT - one week handle on a very smooth teacup, no volume but = impressive=20 cash flow

ATR - 2 week handle on the cup, cup relatively clean = w/capitulation=20 day

UBSI - B2

RBMG - B2

LSTR - B5

CARS - another handle building chart

GBCI - B4+

CXIPY - B2

MKC - another one week handle on a saucer

CYTC - B6

IVC - two week handle on a decent cup, handle a little too = high

CGI - B5+

CFFN - B2

SSD - B2+

NCPM - two week base on smooth cup, recent IPO

WRNB - B3

TMK - LLUR

Play it safe, play it on paper, and Happy Hunting,

For those in the states, have a happy and safe Labor Day = holiday, drive=20 safe and sober,

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

- ------=_NextPart_000_0023_01C13447.08213180-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 06:09:13 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] Tom's International Review Gee, thanks, Tom - way to make my Labor Day. 25% of my investable assets is in an international mutual fund. Ouch. Guess nothing's working on the bull side anywhere for equities these days. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger http://im.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 09:49:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Tom's International Review This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01C1345D.B1117A00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sorry, Dave, the only bull market I am finding is the one right outside = the bull ring. But have faith, it will get better, just a question of when. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Dave Cameron=20 To: canslim@lists.xmission.com=20 Sent: Monday, September 03, 2001 9:09 AM Subject: [CANSLIM] Tom's International Review Gee, thanks, Tom - way to make my Labor Day. 25% of my investable assets is in an international mutual fund. Ouch. Guess nothing's working on the bull side anywhere for equities these days. =3D=3D=3D=3D=3D Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! = Messenger http://im.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0032_01C1345D.B1117A00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Sorry, Dave, the only bull market I am finding is = the one=20 right outside the bull ring.

But have faith, it will get better, just a question = of=20 when.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----

From:=20 Dave=20 Cameron

To: canslim@lists.xmission.com =

Sent: Monday, September 03, = 2001 9:09=20 AM

Subject: [CANSLIM] Tom's = International=20 Review

Gee, thanks, Tom - way to make my Labor = Day. 25% of=20 my investable
assets is in an international mutual = fund. =20 Ouch. Guess nothing's
working on the bull side anywhere = for=20 equities these days.

=3D=3D=3D=3D=3D
Dave Cameron
dfcameron@yahoo.com

______= ____________________________________________
Do=20 You Yahoo!?
Get email alerts & NEW webcam video instant = messaging with=20 Yahoo! Messenger
http://im.yahoo.com

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim". Do=20 not use quotes in your email.
- ------=_NextPart_000_0032_01C1345D.B1117A00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 08:00:01 -0600 From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: ftp://ftp.xmission.com/pub/lists/canslim/archive/ 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 15:29:45 EDT From: CMencke@aol.com Subject: Re: [CANSLIM] Accessing the discussion canslim archives... - --part1_61.12f0a660.28c53429_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks very much. I wouldn't have had any idea how to do this, and it sounds like it could be valuable. - --part1_61.12f0a660.28c53429_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks very much. I wouldn't have had any idea how to do this, and it sounds
like it could be valuable. - --part1_61.12f0a660.28c53429_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 15:36:08 EDT From: CMencke@aol.com Subject: Re: [CANSLIM] Glad its a holiday - --part1_107.501fce6.28c535a8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I used to think that Japan has just been "like Japan" for a very long time, and that US investors would neve succumb to negative sentiment that way. Now I find I'm thinking more and more like Mrs. Watanabe -- not spending when I can, looking for really safe investments that don't have a big element of market risk. I hope I'm not becoming typical. Think I'll have to change my ways! - --part1_107.501fce6.28c535a8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I used to think that Japan has just been "like Japan" for a very long time,
and that US investors would neve succumb to negative sentiment that way. Now
I find I'm thinking more and more like Mrs. Watanabe -- not spending when I
can, looking for really safe investments that don't have a big element of
market risk. I hope I'm not becoming typical. Think I'll have to change my
ways! - --part1_107.501fce6.28c535a8_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 3 Sep 2001 18:24:59 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] Glad its a holiday Good For You !!! We need to have large numbers of people give up hope before we turn around. I hope many more feel the way you do. May your despair not last long. Kent Norman - --- CMencke@aol.com wrote: > I used to think that Japan has just been "like > Japan" for a very long time, > and that US investors would neve succumb to negative > sentiment that way. Now > I find I'm thinking more and more like Mrs. Watanabe > -- not spending when I > can, looking for really safe investments that don't > have a big element of > market risk. I hope I'm not becoming typical. Think > I'll have to change my > ways! > __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger http://im.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 04 Sep 2001 04:53:18 PDT From: Yahoo! Finance Subject: [CANSLIM] Yahoo! Finance Story - Yahoo - Global Semiconductor Sales Slow Sharply Tom Worley (stkguru@netside.net) has sent you a news article

Personal message:

Interesting article on the semiconductors. Hope it proves to be accurate, would be nice to see this industry group begin to recover.

Yahoo - Global Semiconductor Sales Slow Sharply
http://biz.yahoo.com/rb/010904/business_tech_semiconductorsales_dc.html

Yahoo - Global Semiconductor Sales Slow Sharply

Finance Home Yahoo! - - Help

[ Latest Headlines | Market Overview | News Alerts ]

Related Quotes

^DJI
^IXIC
^SPC
^IIX
^PSE

9949.75
1805.43
1133.58
133.65
632.53

+0.00
+0.00
+0.00
+0.00
+0.00

delayed 20 mins - disclaimer

Tuesday September 4, 7:18 am Eastern Time

Global Semiconductor Sales Slow Sharply

SAN JOSE, Calif. (Reuters) - - Semiconductor sales worldwide dropped more than 37 percent in July, hit by slowing economic activity and bloated inventories, an industry association said on Tuesday.

Worldwide sales of semiconductors fell to $10.86 billion in July, from $17.29 billion a year ago, the Semiconductor Industry Association said.

But the association said that efforts to cut down inventories accelerated in the second quarter this year, and combined with improved order levels, the problem of excess inventories would be corrected in the September quarter.

Sales of personal computers, communications products and variety of hand held devices, including newly introduced digital audio products, are expected to increase demand for a broad range of semiconductors leading to a return to sequential growth for the industry in the December quarter, the association said.

Email this story - Most-emailed articles - Most-viewed articles

Copyright © 2001 Yahoo! Inc. All rights reserved. Privacy Policy - - Terms of Service Copyright © 2001 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Questions or Comments? - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1642 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.