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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (7951)	7/2/1999 12:07:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 10921

More evidence of continuing strength... July 2, 1999 Tokyo Seimitsu Shares Hit Record High; Dresdner Report TOKYO (Nikkei)--Shares of Japan's Tokyo Seimitsu Co. (J.TKS or 7729), a leading maker of semiconductor manufacturing systems, hit a record high Friday in Tokyo after Dresdner Kleinwort Benson indicated the possibility that the company would raise its earnings outlook for the current fiscal year. Tokyo Seimitsu shares closed up Y690, or 7.9%, at Y9,400 on volume of 1.0 million shares. The stock hit Y9,540 in morning trading, breaking above its previous record high of Y8,710 posted Thursday. In a report to institutional investors Friday, an analyst with Dresdner Kleinwort Benson noted the high possibility that Tokyo Seimitsu would revise its parent pretax profit upward to around Y7 billion from Y5.4 billion for the fiscal year through March 2000. While chip-related stocks have drawn attention due to expectations for continued capital investment by Taiwanese and Korean chip makers, Tokyo Seimitsu's original products make its shares especially attractive, said one market participant.