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To: MythMan who wrote (101193)	5/10/2001 8:54:13 AM
From: UnBelievable	Respond to of 436258

Morgan Stanley ups large-cap semi equipment stocks (AMAT, ASML, KLAC, LRCX, NVLS, TER) I trust nobody missed this last weeks Fortune magazine featuring Morgan Stanley's Mary Meeker as the Cover Girl and Center Fold. The Cover "Can We Ever Trust Wall Street Again?" By Julie Rannazzisi Morgan Stanley Dean Witter upgraded six large-cap chip equipment makers to a "strong buy" from an "outperform." The companies upped are Applied Materials (AMAT) , ASM Lithography (ASML) , KLA-Tencor (KLAC) , Lam Research (LRCX) , Novellus Systems (NVLS) and Teradyne (TER) . MSDW said "the train has left the station" and that the recent stock retreat creates opportunity in an upward trend. The brokerage said upside estimate adjustments should start in earnest by early 2002. "We believe the initial leg up in equipment stocks represents the first leg of a cyclical trend as earnings-per-share estimate cuts are finished or close to it for the majority of companies in the industry." The risk to this thesis, MSDW said, is a deeper-than-expected semi industry trough and a slower-than-expected rate of recovery. "While we continue to believe small- and mid-cap equipment stocks are much more reasonably valued and offer more traditional upside over the next 12 to 18 months than large caps, we believe the recent correction warrants an upgrade of large-cap stocks as downside is likely very limited and 40 percent-plus upside potential over the next 12 to 18 months is appealing," analyst Jay Deahna concluded.

To: MythMan who wrote (101193)	5/10/2001 9:33:54 AM
From: eddie r gammon	Read Replies (4) \| Respond to of 436258

An old, bearded shepherd with a crooked staff walked up to a stone pulpit and said, "And lo, it came to pass that the trader by the name of Abraham Com did take unto himself a young wife by the name of Dot. And Dot Com was a comely woman, broad of shoulder and long of leg. Indeed, she had been called Amazon Dot Com. And she said unto Abraham, her husband, "Why doth thou travel far, from town to town, with thy goods when thou can trade without ever leaving thy tent?" And Abraham did look at her as though she were several saddle bags short of a camel load, but simply said, "How, Dear?" And Dot replied, "I will place drums in all the towns and drums in between to send messages saying what you have for sale and they will reply telling you which hath the best price. And the sale can be made on the drums and delivery made by Uriah's Pony Stable (UPS)." Abraham thought long and decided he would let Dot have her way with the drums. And the drums rang out and were an immediate success. Abraham sold all the goods he had, at the top price, without ever moving from his tent. But this success did arouse envy. A man named Maccabia did secret himself inside Abraham's drum and was accused of insider trading. And the young man did take to Dot Com's trading as doth the greedy horsefly take to camel dung. They were called Nomadic Ecclesiastical Rich Dominican Siderites, or NERDS for short. And lo, the land was so feverish with joy at the new riches and the deafening sound of drums, that no one noticed that the real riches were going to the drum maker, one Brother William of Gates, who bought up every drum company in the land. And indeed did insist on making drums that would work only if you bought Brother Gates' drumsticks. And Dot did say, "Oh, Abraham, what we have started is being taken over by others." And as Abraham looked out over the Bay of Ezekiel, or as it came to be known "eBay," he said, "we need a name that reflects what we are," and Dot replied, "Young Ambitious Hebrew Owner Operators." "Whoopee!", said Abraham. "No, YAHOO!" said Dot Com.. .and that is how it all began. It wasn't Al Gore after all.