Credence (CMOS): Anyone out there Message Board

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Technology Stocks : Credence (CMOS): Anyone out there

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To: edkaiser who wrote (389)	3/22/2000 9:44:00 AM
From: Grandk	of 497

RESEARCH ALERT - ABN AMRO starts Credence at buy CHICAGO, March 21 (Reuters) - ABN AMRO said Tuesday it initiated coverage of chip equipment maker Credence Systems Corp. (NasdaqNM:CMOS - news) with a buy rating and a 12-month price target of $160. Shares in Credence closed up 9-7/8 at 121-3/8 Tuesday. ``The outsourcing business model, flawless management execution since late 1998, and new product portfolio have propelled CMOS into the No. 2 market share leader in ATE (automated test) for mixed-signal ICs, the fastest growing segment of the semiconductor industry,' ABN AMRO analysts wrote in a research note. Credence is also approaching its goal of being the No. 2 vendor in non-DRAM ATE, the analysts said. ((--Chicago Equities News at 312-408-8787, Chicago.equities.newsroom@reuters.com)

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