Welcome back, Don! I'm glad you got the 10,000th post, very appropriate!
9:11AM Adams Harkness downgrades semi equipment stocks : In addition to Banc of America's semi equipment downgrades (7:32), Adams Harkness downgrades AUGT to Buy from Strong Buy, downgrades AEIS, AMAT, ASYT, BRKS, ESIOE, ENTG, HELX, IFCN, MKSI, NANO, NVLS, and VSEA to Mkt Perform from Buy, and downgrades ATMI, KLAC, KLIC, NEWP, and VECO to Reduce from Mkt Perform; firm says a second half disappointment is quite possible given that inventories are building and demand remains tenuous, and firm thinks that the stocks will struggle to move significantly higher from their current levels as stock prices shift to earnings-driven valuations on 2004-05 earnings. |
