Tuesday June 8, 11:08 am Eastern Time
RESEARCH ALERT - ATMI, Electro Scientific, KLA
NEW YORK, June 8 (Reuters) - Warburg Dillon Read said Tuesday it initiated coverage of ATMI Inc. (Nasdaq:ATMI - news),
KLA-Tencor Corp. (Nasdaq:KLAC - news) and Electro Scientific Industries Inc. (Nasdaq:ESIO - news) with buy ratings.
-- set a share price target for ATMI of $30, for Electro Scientific of $64, and for KLA-Tencor of $57.
-- ''Electro Scientific has successfully garnered large and commanding market share positions in most of its chosen markets.''
-- ''KLA-Tencor is a market share leader in metrology. The requirements for measurement, particle and defect detection increase
with the continued decrease in semiconductor features. Related products, like reticle inspection, are also benefiting from the trend to aggressive shrinks.''
-- ''Proprietary chemistries and delivery systems with related high value-added gross margins characterize the rapidly growing ATMI Materials operations. This
segment is largely consumables, with a high degree of recurring revenue.''
-- Shares of ATMI were up 1/4 at 23-15/16, Electro Scientific shares were up 2-1/4 at 40-1/4, and KLA-Tencor shares were up 1-3/8 at 49-3/8.
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