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Technology Stocks : Semi Equipment Analysis
SOXX 283.58+0.3%4:00 PM EST
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To: Donald Wennerstrom who wrote (23111)5/2/2005 7:42:02 AM
From: sixty2nds  Read Replies (2) of 95471
 
07:07 First Albany upgrades AMAT, KLAC, NVLS and RTEC to Neutral

First Albany upgrades AMAT, KLAC, NVLS and RTEC to Neutral from Underperform. Firm also raises their rating on the semiconductor capital equipment group to Neutral from Underperform, as they believe the group is becoming too cheap to sell. They note that while they don't see a near-term catalyst for the group, they believe at this point, it is too late to reduce exposure to the group and that near-term risk and longer-term reward is more evenly balanced.
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