PRI Automation up 30% Message Board

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Technology Stocks : PRI Automation up 30%

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To: Holger Wolf who wrote (43)	7/1/1996 10:05:00 PM
From: John Metcalf	of 193

Merger fever may be catching in the semi-equipment group. With today's takeout of Brooktree by Rockwell, ASYT rose 15% and PRIA rose 11%, both presumably in sympathy with BTRE. Last week's announcement that Danaher had acquired 10% of Tylan General and that DHR was seeking a meeting with Tylan's Board to discuss "maximizing shareholder value" also stoked the fire. Tylan General rose 35% last Thursday and Friday, and will rise a great deal more when Danaher offers a fair price for it. With S&P stocks at high valuations and low growth, semiconductor equipment companies will continue to look very attractive, if not to investors, then as acquisitions.

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