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Technology Stocks : Cymer (CYMI)

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To: Darryl Olson who wrote (20643)1/15/1999 2:23:00 PM
From: BillyG  Read Replies (1) of 25960
 
Positive outlook from Goldman-Sachs for semi equipment stocks.........
cbs.marketwatch.com

Equipment-maker upside

In addition, Goldman Sachs chip analyst Gunnar Miller wrote in an industry
review note that semiconductor equipment stocks aren't cheap but that the
stocks could gain 30 percent this year. The struggling companies probably
reached their bottom at the end of last year, he wrote, so "all that seems to
be important for the equipment stocks now is that the revenue trend
appears to be moving in the right direction."

Among the companies the analyst said were on his "first tier" in the group
were Applied Materials (AMAT) and Novellus (NVLS). Applied Material's
shares advanced 2 1/4 to 55 1/2, while Novellus' stock gained 3 15/16 to
70.

Other winners included Intel (INTC), which gained 2 1/16 to 135 13/16, and
Texas Instruments (TXN), which advanced 2 11/16 to 93 1/16. The
Philadelphia Semiconductor Index rose 0.7 percent.

On the downside, computer chip maker Advanced Micro Devices (AMD)
continued to feel Wall Street's wrath for a poor fourth-quarter earnings
report. See related story.

AMD's stock fell 1 to 21 1/2.

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