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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: red_dog who wrote (59167)	9/2/1999 8:09:00 AM
From: kendall harmon	Respond to of 120523

Today's WL #7. Positive news on orders yesterday, with a nice move up on good volume. MACD on an uptrend and through the zero line, and stochastics have recently turned up as well. Prudential comments from earlier this month: In our view, the stock is a compelling opportunity as we know of few companies in wl #7's position: 1)a near lock and sustainable lead on SiC (silicon carbide) technology, 2) a leader in one of the hottest markets in optoelectronics: blue LEDs (light emitting diodes), 3) capacity constrained for the next fiscal year, 4) a benign pricing environment, and 5)new high growth end-market opportunities that assure strong demand for SiC materials for years to come. Therefore, we believe the critical issue for investors is wl #7's ability to execute on meeting demand and reducing costs. On both fronts we are optimistic as the company enjoys an excellent track record here. We are reiterating our Strong Buy rating for wl#7, our price target post 2-for-1 stock split is $47.