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Technology Stocks : Cymer (CYMI)

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To: orkrious who wrote (24027)1/19/2000 12:22:00 AM
From: S. Wallace Slough  Read Replies (2) of 25960
 
MSDW (Jay Deahna)came out with a report today raising price targets on a number of stocks. With regards to the Semi Capital Equipment sector, they stated:

1. Industry fundamentals continue to improve
2. First half fundamentals look great
3. Key risk - second half could be tougher. Semi growth will likely decelerate, upward bookings momentum may slow due to front half loaded order flow.
4. Valuations are high. Increased risk, but fundamentals should prevail throughout the first half at a minimum.

With regards to Cymer:
Maintaining Strong Buy and raised price target from $55 to $65. Believes shipment potential increased by at least 50% over past 90 days. Company poised to deliver upside surprises based on unit demand, shift to 6000 series tools, rising service & spares revenues.

Also restarted ASML with Strong Buy and $135 target. Believes ASML could go to #1 in lithography in 2000.
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