[arete]

Well, at least sale are up even if the rate of growth is declining. Most tech insides like Michael Dell have been unloading tons of stock during this distribution rally.

Richard W.

[Starwind]

The wafer fab equipment sales (a 12-18 month leading indic) were falling earlier this year.

And now with chip sales falling (a 6-9 month leading indic) it looks like no 2nd half recovery and not likely a Q1/Q2 C04 recovery either in PC's, cell phones. As IT & telecom is still in the tank, computer and networking will be weak for another 6 months at least.

Not sure what all that NASDAQ buying was about yesterday.