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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (31316)	7/8/1999 10:01:00 PM
From: Henry Eichorszt	Read Replies (1) \| Respond to of 70976

FROM SMARTMONEY Hopes that chip-equipment companies would turn in strong quarterly earnings pushed the sector higher Thursday. Lehman Brothers analyst Edward White thinks good things are in store when bellwether equipment makers Novellus Systems, Teradyne and KLA-Tencor report quarterly earnings on July 19, 20 and 28, respectively. "We expect the numbers, comments, conference calls and meetings to be very favorable," White said in a note. Strong quarterly results from the big names in the group may fuel another rally in the chip-equipment sector, White added. These stocks have already performed well this year. The SEMIndex, a global equity index of 66 chip-equipment makers, has risen nearly 64% since the index's inception at the beginning of the year. The index was created in part to differentiate the performance of the chip-equipment sector from the Philadelphia Semiconductor Index, which is the benchmark for chip stocks. Reports emerging from next week's industry trade show, SEMIcon West, should also confirm the continued upturn in the sector, White said. MR