***SMH UPDATE for 12/8/04 (1)ALTR and XLNX mid Quarter Updated reduced expected revenue for this Quarter. (2)SMH fell to low of 32.20 in after hours. (3)If SMH trades near 32 on Thursday, then a complete review of the Aug-Sep 2004 Up Trend will have to be looked at again. (4)Thursday after the close has NSM reporting also.