Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

"Here might be the reason for the rally"
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brightness...

I assume you were being sarcastic.

"Slow demand, combined with the increasing cost of making chips, is forcing Philips Electronics to shed workers and manufacturing plants in its chip division."

Headlines like that are anything but good news for the sector and most certainly was not behind the rally in the chips and equipments. I expect you will be seeing a number of similar announcements as we go forward - virtually all the news in both sectors has been bad, with more to come.

Down the road when more capacity has been taken out and demand begins to strengthen, it will be time to look at the chips and equipments again - but not before.

Just my opinion, though.

mlsoft