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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (3501)	8/4/1999 10:30:00 PM
From: Mao II	Read Replies (2) \| Respond to of 12663

Jimbo & thread: Bear Stearns Starts 19 Chip Equip Cos Dow Jones Newswires NEW YORK -- Bear Stearns & Co. initiated coverage of 19 chip equipment companies Tuesday as part of its expanded semiconductor research group. Robert Maire, a former analyst at Donaldson Lufkin & Jenrette Securities Corp., started nine of the stocks with buy ratings. They are: Advanced Energy Industries Inc. (AEIS) with a 12-month price target of $50; Applied Materials Inc. (AMAT), with a $95 price target; Credence Systems Corp. (CMOS), with a $50 target; Dupont Photomasks Inc. (DPMI), with a $60 price target; KLA-Tencor Corp. (KLAC), with an $80 price target; Lam Research Corp. (LRCX), with an $80 price target; MKS Instruments Inc. (MKSI), with a $27 price target; Mattson Technology Inc. (MTSN), with an $18 price target; and Varian Semiconductor Equipment Associates Inc. (VSEA), with a $30 price target. Maire started eight stocks with an attractive rating: ASM Lithography Holding NV (ASML), with a $75 price target; Asyst Technologies Inc. (ASYT), with a $35 price target; Cymer Inc. (CYMI), with a $40 price target; Novellus Systems Inc. (NVLS), with a $75 price target; PRI Automation Inc. (PRIA), with a $40 price target; Teradyne Inc. (TER), with an $85 price target; Veeco Instruments Inc. (VECO), with a $40 price target; and Ultratech Stepper Inc. (UTEK), with a $20 price target. Maire started two stocks with a neutral rating: Be Semiconductor Industries N.V. (BESI) and Silicon Valley Group Inc. (SVGI). Bear Stearns also recently hired Charles Boucher from DLJ to cover semiconductor manufacturers. He is expected to initiate coverage soon.

To: Jimbo Cobb who wrote (3501)	8/5/1999 6:53:00 AM
From: Mao II	Read Replies (1) \| Respond to of 12663

EDIT Jimbo: BEAM @ 18 is a buy in my view, but it is obviously hard to say how much more this corx has to run. DOT, NDX, BKX & naz have all broken support and are well below 50-day avg. With the DOT now in intensive care, NDX is the key here--it is home to the big boyz who have pulled this market up month in and month out. It is at near term support. A serious breach could drop it to 2100. More importantly, it would indicate that major selling had spread to the likes of Cisco Kid, Mr. Softee, etc. Will this happen? My crystal ball sez it's a possible, but that it would represent a major opportunity. A lot depends on what the rest of this week's economic numbers tell the market, particularly tomorrow's labor report. M2 EDIT: LCAV has been a better performer than BEAM; VISX is obviously the way to go if it dips enough. I heard somewhere, by the way, that there has been some concern raised about these procedures. Do U have any info on this?????? M2