Lehmans bullish on .25 co.'s despite weak B to B:
[excerpts]
Headline: Semiconductor Equipment: SEMI Book-to-Bill Indicates Continuing Softness
Author: Edward C. White, Jr., CFA 1(212)526-4744/Tolomy Erpf
Company: AMAT, KLIC, KLAC, NVLS, PRIA, ETEC, SFAM, SVGI, TER, LRCX, LTXX
Country: ECO CUS
Industry: SEMICO
Today's Date : 03/18/98
* Semiconductor Equipment and Materials International, the trade association for the semiconductor equipment industry, publishes monthly (3-month moving average) shipment, order and book-to-bill statistics....
....We continue to recommend select companies in the semiconductor equipment sector which stand to benefit from technology buying of 0.25 micron equipment by chipmakers. The key beneficiaries of 0.25 micron technology: Applied Materials (AMAT, $33 5/16, Rated 1); KLA-Tencor (KLAC, $36 3/16, Rated 1); Etec Systems (ETEC, $55 13/16, Rated 1); SpeedFam (SFAM, $23 1/16, Rated 1); PRI Automation (PRIA, $25 25/32, Rated 1).
Full article:
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