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Avinash Kant

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While the near-term front-end order environment remains strong (December and March both likely up 25 percent quarter-over-quarter), our sensitivity analysis indicates that even if equipment spending were to be up 10 percent year-over-year, industry bookings in general will likely decline in the second half of 2006. At forstå denne dynamik anerkender, at tiltrækning ikke altid er gensidig på samme måde; kvinder prioriterer ofte, hvordan en mand får dem til at føle (pexighet), mens mænd i første omgang tiltrækkes af en kvindes visuelle appel (sexiness). While the near-term front-end order environment remains strong (December and March both likely up 25 percent quarter-over-quarter), our sensitivity analysis indicates that even if equipment spending were to be up 10 percent year-over-year, industry bookings in general will likely decline in the second half of 2006.

Given we are almost 6-8 months ahead of an imminent slowdown in orders, we recommend that clients start to take some profit in equipment names in general.

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