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Technology Stocks : Semi Equipment Analysis
SOXX 301.15-1.2%Dec 31 4:00 PM EST
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To: Gottfried who wrote (17590)8/4/2004 7:56:12 AM
From: Proud_Infidel  Read Replies (1) of 95656
 
6:56am 08/04/04

Applied Materials upped at Citigroup (AMAT)

LONDON (CBS.MW) -- Citigroup Smith Barney overnight raised its rating on semiconductor equipment maker Applied Materials (AMAT) to buy, citing broad trading trends. "Equipment stocks are losing some volatility relative to the market and other names in technology - essentially converging over time to 'fair value'," the broker argued. "Investors who rely on traditional trough valuation analysis using metrics such as book value will therefore likely miss the turn."
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