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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (3530)	5/25/2001 9:56:43 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

Pru Upgrades Semi Equip : Prudential upgraded the semi equipment group to STRONG BUY from Accumulate, citing some signs of selective end market stabilization which could serve as a precursor to a directional change revenues in August/September. Upgraded the following to STRONG BUY from Accumulate: AMAT (price target 67 from 60), KLAC (69 from 58), and TER (53 from 40). Other ratings left unchanged: NVLS at STRONG BUY (68 from 64), LRCX at ACCUMULATE (36 from 28), KLIC at HOLD (20 from 15) The Freep adds. . . if there's no directional change in revenue til August/September, those Q3 warnings are gonna be doozies, not to mention the Q2 underperformances. Implies to me that Q4 numbers will have be reduced, too, since they'll be growing from lower Q3 numbers. But I guess Pru wants to upgrade before that train leaves the station. :-) the freep PS Nice job with the market in my absence yesterday. I might leave you all more often.