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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: Grandk who wrote (2517)	12/17/1999 10:47:00 AM
From: Grandk	Respond to of 3813

Semi rally part Deux: cbs.marketwatch.com KLA, Novellus send hardware shares upward By Janet Haney, CBS MarketWatch Last Update: 10:34 AM ET Dec 17, 1999 Silicon Stocks Join the Discussion NEW YORK (CBS.MW) -- Personal computer and chip stocks rose Friday encouraged by gains in KLA-Tencor and Novellus, as well as others in the semiconductor group. The Philadelphia Semiconductor Index ($SOX: news, msgs) advanced 3 percent and the Goldman Sachs Computer Hardware Index ($GHA: news, msgs) edged up 1 percent. Chip equipment makers boost shares KLA-Tencor shares were lifted by 7.8 percent after the chip equipment maker announced a 2-for-1 stock split, to be paid on or around Jan.18 to stockholders of record on Jan. 4. KLA (KLAC: news, msgs) shares jumped 7 1/4 to 100 1/8. Novellus also contributed to the gains of chip equipment stocks following Merrill Lynch's new price target objective of $120 on the stock. The San Jose, Calif.-based Novellus (NVLS: news, msgs) saw its shares jet ahead 7 15/16, or 10.6 percent, to 84 5/8. Applied Materials (AMAT: news, msgs) rose 3 1/16 to 113 11/16 and Teradyne (TER: news, msgs) gained 9/16 to 49 7/8. The world's largest chip maker, Intel (INTC: news, msgs), moved up 1 7/16 to 81 11/16. Advanced Micro Devices (AMD: news, msgs) advanced by 1/8 to 29 5/8. Micron Technology (MU: news, msgs) was the only loser in the sector, slipping 1 1/2 to 71 1/2.