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Technology Stocks : ATMI-THE NEXT AMAT?

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To: Donald Kirchner who wrote (499)4/12/2000 10:04:00 AM
From: Paul Lee   of 677
 
somehow we just knew, didn't we

RESEARCH ALERT - Five chip equipment makers started
NEW YORK, April 12 (Reuters) - Credit Suisse First Boston said on Wednesday that analyst John Pitzer had started five semiconductor equipment maker companies with buy and strong buy ratings.

-- Amkor Technology Inc. (NasdaqNM:AMKR - news) was started at strong buy, with a 12-month price target of $80. Shares closed at 57-1/4 on Tuesday on the Nasdaq stock market.

-- Earnings per share estimates for fiscal year 2000 are $1.20 a share, with the 20001 EPS estimate at $1.70.

-- Amkor is the largest provider of subcontract packaging services for the semiconductor industry and is currently benefiting from both cyclical and secular trends in the packaging industry.

-- Electro Scientific Industries Inc. (NasdaqNM:ESIO - news) was started with a strong buy rating and a 12-month price target of $80. Electro closed at 59-15/16 on Tuesday on the Nasdaq stock market.

-- Electro's EPS 2000 estimate is $1.43 and for 2001 is $2.45.

-- The company is currently benefiting from several key technology trends including the rapid growth in capacitors and technology shifts in manufacturing and the transition to higher speed, higher density DRAM (dynamic random access memory) chips.

-- ATMI Inc. (NasdaqNM:ATMI - news) was started with a strong buy rating and a 12-month price target of $65. Shares closed at 45-5/8 on Tuesday on the Nasdaq stock market.

-- The 2000 EPS estimate is $1.36 and the 2001 EPS estimate is $1.95.

-- ATMI represents the only ``pure-play' investment on fab-wide materials management. ATMI is rapidly driving a ``one-stop-shopping' strategy; gaining share at higher levels of profitability,

-- Kulicke & Soffa Industries Inc. (NasdaqNM:KLIC - news) was started with a buy rating and a 12-month price target of $90-3/4. Shares closed at 62-3/16 on Tuesday on the Nasdaq stock market.

-- Kulicke & Soffa is a market leader in wire-bonder equipment with greater than 50 percent booked market share. The company is currently benefiting from two key trends: (1) the cyclical up-turn in semiconductors and (2) the secular trend to outsource packaging needs.

-- The fiscal year 2000 EPS estimate is $3.14 with the fiscal 2001 EPS estimate at $4.60.

-- Veeco Instruments Inc. (NasdaqNM:VECO - news) was started with a buy rating and a 12-month price target of $85. Shares closed at 65-29/32 Tuesday in trade on the Nasdaq stock market.

-- The fiscal year 2000 EPS estimate is $1.74 with the fiscal 2001 EPS estimate $2.70.
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