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Technology Stocks : ELECTROGLAS -- How far can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (676)	7/14/1999 12:55:00 PM
From: Raymund W	Read Replies (1) \| Respond to of 1070

Home - Yahoo! - Help [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire \| CCN ] Wednesday July 14, 10:58 am Eastern Time RESEARCH ALERT - Electroglas started NEW YORK, July 14 (Reuters) - Morgan Stanley Dean Witter analyst Steve Pelayo said in a research note on Wednesday that he started coverage of semiconductor equipment maker Electroglas Inc. (Nasdaq:EGLS - news) with an outperform rating. -- Pelayo sees company as a ''great relative value play.'' -- Pelayo believes company "is poised to significantly beat the consensus estimate. -- Stock has ''lagged equipment group since the stock bottomed in October 1998.'' -- Set 12-month price target of $25 a share. -- Share price is up 1/4 at 19-7/8 on the Nasdaq Stock Market. More Quotes and News: Electroglas Inc (Nasdaq:EGLS - news) Related News Categories: US Market News Help Copyright © 1999 Reuters Limited.