08:30 ET Deutsche Securities cautious on semi equipment group : Deutsche Securities sees a number of issues continuing to weigh on the semi equipment group for at least the next several months; key issues are: 1) a high likelihood that many co's miss Q3 order guidance; 2) checks suggest continued deterioration in Q4 forecasts provided by large equipment co's; 3) believes 2003 will be the year of 300mm, but likely not until 2H03; and 4) valuation analysis suggests there could easily be 30% downside in many names. Trims LTXX 2002 est to ($0.82) from ($0.72) and 2003 to $0.11 from $0.40 (both above consensus).
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