Azenta Message Board - Msg: 16810837

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Technology Stocks : Azenta

AZTA 29.35

-0.7%

Nov 7 9:30 AM EST

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To: SemiBull who wrote (675)	12/19/2001 1:40:01 PM
From: SemiBull	of 1138

Hmmm.....typo.....here was the correct posting.... RESEARCH ALERT-Brook Automation started market perform NEW YORK, Dec 19 (Reuters) - Lehman Brothers on Wednesday said it started coverage of Brooks Automation Inc. (NasdaqNM:BRKS - news), a maker of equipment used in microchip manufacturing, with a ''market perform'' investment rating, ahead of the expected closure of a $380 million acquisition. Analyst Ted Berg gave Brooks stock a 52-week price target of $40, less than its Tuesday close of $42.10, citing expectations that a sustainable upturn in business would not occur until 2003. Berg said an investment in Brooks, based in Chelmsford, Mass., is a good way to participate in the chip industry's move to using larger silicon wafers -- from which more chips can be cut -- a transition which will lead many chip makers to upgrade their chip factories. But producers of chip-making equipment have struggled in what has been the worst-ever downturn in the semiconductor industry. Berg also said Brooks will have ``a presence in virtually every chip plant worldwide'' following the completion of its purchase of PRI Automation Inc. (NasdaqNM:PRIA - news), a deal announced in October. The companies expected the merger to close in the first quarter of 2002.

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