"Sales for the worldwide semiconductor equipment industry are expected to decline 52% in 2009. This follows a 31% drop in 2008. While there is no doubt that 2009 will be a second consecutive down year for the industry, many question if we have reached a bottom.
Wha? where is the recovery in that sector given INTC etc.. earnings surprise....?
Yep, and all the equip companies across the board have been reporting big losses, but the stocks are up 30 to 40% in the last month alone. Intc has alraedy spent 80% of their capex for this year and lowered capex going forward, but don't tell wall street. Makes to much sense, so stocks keep ramping because the worse is over