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Technology Stocks : IBIS

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To: Robert C. Nusbaum who wrote (232)3/23/2000 10:39:00 PM
From: Robert C. Nusbaum  Read Replies (2) of 301
 
NEW YORK, March 23 (Reuters) - Ibis Technology Corp. (NasdaqNM:IBIS - news) is the top bet of 2000 for hedge fund manager Jeffrey Puglisi, who sees shares of the ``revolutionary' semiconductor chip maker doubling in a year, according to this week's issue of BusinessWeek.

Puglisi and others say that Ibis is the maker of a chip that runs at higher speed, lower voltage and with less power. It is also the leading supplier of Ibis 1000 equipment that makes silicon-on-insulator (SOI) wafers, BusinessWeek reported on Thursday.

Giant chip maker Intel is said to be testing the Ibis product, according to the Inside Wall Street section of BusinessWeek.

So far this year, shares of Ibis have risen more than 60 percent, closing at 115-1/2 on Thursday.
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