FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Mike Taylor who wrote (1313)	8/13/1997 9:56:00 PM
From: Joe Dancy	of 2754

Well Mike, at least we are in the right sector. Applied Materials appears to be selling at around 20 times next years (FY98) earnings. Maybe the smaller stuff will move, sooner or later. Or maybe we will be left with FSII standing at the alter. From Investor's Business Daily: ********************* Yesterday's 1.9% gain by makers of chip-equipment gear brought the group back to No. 1 among IBD'S 197 industries ranked by six-month price performance. The group, which had been leading the market for about three months, was pushed back to No. 2 by Oil & Gas Drillers on July 31. APPLIED MATERIALS INC. led the group, gapping up 9 1/8 to 99 3/8 on five times usual volume. The world's largest chip equipment maker announced operating net of 77 cents a share for its fiscal third quarter ending July 27, beating analyst estimates by 13%. Last year it earned 92 cents a share. Credit Suisse First Boston raised '97 estimates by 8% to $2.70 a share and '98 by 15% to $4.23 a share. Elsewhere in the chip-equipment group, ASM LITHOGRAPHY NV gained 10 1/4 to 91 3/8, NOVELLUS SYSTEMS INC. 4 1/2 to 1117/8, BROOKS AUTOMATION INC. 2 3/4 to 31 1/8 and KLA TENCOR CORP. 3 7/8 to 65 7/8, all on above-average volume.

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