Whether you are a value investor, a bargain hunter, or a short seller looking for stocks with more vulnerability, chances are that your screening candidates and watch list stocks may have started from a glance at the 52-week lows.  The banks are still seeing many 52-week lows, but tech titans such as ASML Holding N.V. (NASDAQ: ASML), CA Inc. (NYSE: CA), Cisco Systems Inc. (NASDAQ: CSCO), Computer Sciences Corporation (NYSE: CSC), Flextronics International Ltd. (NASDAQ: FLEX), Ingram Micro Inc. (NYS: IM), Intel Corporation (NASDAQ: INTC), Research In Motion Ltd. (NASDAQ: RIMM), and Yahoo! Inc. (NASDAQ: YHOO) are all hitting 52-week lows.

ASML Holding N.V. (NASDAQ: ASML) saw its ADRs hit a low of $24.75 versus a prior 52-week low of $25.15 on the ADRs.  A Deutsche Bank downgrade to Hold probably isn’t helping matters.

CA Inc. (NYSE: CA) hit a low of $17.70 this morning and shares have recovered to back above the prior low despite being down on the day by 0.4% at $17.92.  The prior 52-week low was $17.80.

Cisco Systems Inc. (NASDAQ: CSCO) might want to think twice about not returning money to shareholders.  Shares are back at $20.15, but that is still down 0.8%, and the low this morning was $20.01 versus the prior 52-week low of $20.29.  Maybe it should announce a large dividend rather than consider throwing its huge capital the direction of Skype.

Computer Sciences Corporation (NYSE: CSC) has since recovered to above $40.00 but shares hit a new low of $39.61 versus a 52-week low of $39.76.  The 52-week lows here have been seen for days now.

Flextronics International Ltd. (NASDAQ: FLEX) is down over 2% and down around $4.93 this morning.  The low today was $4.90 and the prior 52-week low was $4.97.  So much for EMS and outsourced manufacturing being the best business.

Ingram Micro Inc. (NYS: IM) did not hang at the new 52-week lows for too long, and the stock has actually recovered quite well in comparison to other chip names flirting with 52-week lows.  Shares are up 2% at $15.17 but the low of $14.72 compares to the prior 52-week low of $14.74.  When the tech distribution model is weak, there is not much happening at the technology customers sending the consumer electronics products out the factory doors.

Intel Corporation (NASDAQ: INTC) can’t thank McAfee nor the Infineon wireless chipset unit yet.  Shares are down 0.84% at $17.81 this morning.  The low print was $17.71 versus the prior 52-week low of $17.81.

Research In Motion Ltd. (NASDAQ: RIMM) is down 4.6% at $43.46 and shares hit a low of $43.37 this morning versus the prior 52-week low of $45.05.

Yahoo! Inc. (NASDAQ: YHOO) is still feeling no love for Carol Bartz’ turnaround nor from the Bing search pact with Mr. Softie.  This former internet search leader is down 1.2% at $13.02 but shares went as low as $12.97 today versus the prior 52-week low of $13.03.

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JON C. OGG

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