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

To: Proud_Infidel who wrote (35629)	7/6/2000 10:30:18 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

A total 180 from SSB on equipment stocks in only one day!!!!!!!!!!!!! Thursday, July 06, 2000 SSB on chip equipment stocks --10:11 am - By Tomi Kilgore The PHLX Semiconductor Index ($SOX: news, msgs) is getting a 1 percent lift. On Wednesday, the chip index fell 9.3 percent after Salomon Smith Barney analyst Jonathan Joseph downgraded the entire chip sector to a "neutral" rating from an "outperform," citing slowing unit shipments and chip price declines. On Thursday's SSB's Glen Yeung said the outlook for chip equipment stocks remained positive. He said that "while flash memory capacity is an area of concern, we believe DRAM, microprocessor and foundry expectations remain decidely positive;" he noted that these three segments account for 70 percent of capital spending. Among Yeung's highest rated stocks, Applied Materials (AMAT: news, msgs) is adding 7/8 to 84 5/16, Credence Systems (CMOS: news, msgs) is 1/8 lighter at 45 7/6 and KLA-Tencor (KLAC: news, msgs) is inching up 1/4 to 50 5/16.