Semiconductor Equipment Orders Collapse

We've been bearish on semiconductor stocks this entire cycle. In fact, when Wall Street started pumping semiconductor stocks to cycle highs in mid-2007 and blathering that technology was going to pull us out of this, we were reaffirming our dislike for anything related to capital equipment and semiconductors. We highlighted that strength in semiconductor stocks was because of its non correlation to the Frankenstein Wall Street had created. And the fact that capital equipment companies were thought to be less impacted by the developing credit crunch. We also highlighted the substantial drop in equipment orders that was developing. But, nothing stops Wall Street.

We wrote specifically that that rally would fail and indeed stock prices of these companies have collapsed. Now the EE Times is reporting those falling orders in 2007 have turned into a collapse as well. (Story at the title link)