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To: Andrew Vance who wrote (7109)	7/14/1997 2:58:00 PM
From: Trader X	of 17305

Remembering Alex Brown's cut of semi equip stocks June 11 ------ Wednesday June 11 12:44 PM EDT RESEARCH ALERT- Semiconductor equipment makers cut NEW YORK, June 11 (Reuter) - Alex. Brown said on Wednesday it lowered its rating on the shares of various semiconductor capital equipment makers, including Applied Materials Inc (AMAT) and KLA-Tencor Corp (KLAC). Alex. Brown said it lowered its ratings on Applied Materials, KLA-Tencor, Electroglas Inc (EGLS), Lam Research Corp (LRCX), Novellus Systems Inc (NVLS) and SpeedFam International Inc (SFAM) to market perform from buy. ------ SFAM currently at $43, up 40% from the close on June 11. Just let me know when Alex Brown upgrades the sector...I'll start selling. -Kevin

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