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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: Raptech who wrote (1628)	7/4/1999 12:23:00 PM
From: John Miz	Respond to of 2126

Here's part of an article from the New York Times in which LTX Corp is mentioned. 07/04/1999 The New York Times Page 15, Column 1 c. 1999 New York Times Company Ready for the Bounce Investor optimism about the world economy was a big factor in fund performance for the quarter. ''Investors started becoming more aware that the U.S. economy was very strong and that world economies, especially Asia, were flat to getting better,'' said Robert J. Martorelli, who runs the $547.2 million Merrill Lynch Phoenix fund, a mid-cap blend fund that took the No. 12 place among domestic diversified equity funds, returning 29.1 percent. ''In that kind of environment, cyclical companies tend to perform well.'' Mr. Martorelli, 42, said he was buying oil and gas and other cyclical stocks at the end of 1998 and early 1999 ''because that's where the value was.'' Among his biggest winners was the LTX Corporation of Westwood, Mass., a maker of equipment for the semiconductor industry. LTX experienced slackening demand during the economic debacle in Asia last fall, but its stock rebounded as Asian economies stabilized, Mr. Martorelli said. He added that he liked LTX because demand for its new type of chip-testing device was growing rapidly along with the market for multifunctional chips used in increasing numbers of products. The stock rose 177 percent in the quarter.