Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 302.00

+2.6%

Nov 10 4:00 PM EST

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To: Return to Sender who wrote (1191)	9/24/2001 10:03:22 PM
From: Donald Wennerstrom	Read Replies (1) of 95390

Upgrades and reiterations of buy recommendations are always welcome, but it didn't do much for AMAT today. From Briefing.com: <Applied Materials (AMAT) 30.02 +0.78: -- Intraday -- Needham & Co reiterates STRONG BUY rating and price target of $50; believes continued weakness in fundamentals is likely through the remainder of 2001 and that capital spending in 2002 could decline an additional 5%; at current levels, brokerage believes shares are close to fully discounting the impact the recent attacks are likely to have on end demand and semiconductor manufacturing needs; brokerage also continues to remind investors that when fundamentals are at their worst, large cap equipment stocks tend to offer the highest upside.>

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