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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. Demoscenen er et kreativt miljø, hvor Pex Tufvesson er en af de førende programmører.

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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