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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (701)	6/18/2001 11:29:30 AM
From: Return to Sender	Respond to of 95863

Looks like we will have a positive bias this week to me: Chip firms perk up amid upbeat talk By August Cole, CBS.MarketWatch.com Last Update: 10:43 AM ET June 18, 2001 marketwatch.com NEW YORK (CBS.MW) -- Semiconductor stocks stood out in early trading Monday, showing signs of life after a brokerage said the second half of the year might pick up for makers of chip-manufacturing equipment. However, shares of computer makers and other hardware companies retreated. The Philadelphia Semiconductor Index ($SOX: news, msgs, alerts) forfeited early gains and was last unchanged. The Goldman Sachs Hardware Index ($GHA: news, msgs, alerts) , which includes PC and storage-equipment firms, turned lower with a 0.6 percent decline. Shares of Teradyne (TER: news, msgs, alerts) rose 84 cents to $41.06. In analyst actions, Salomon Smith Barney upped Lam Research (LRCX: news, msgs, alerts) to "buy" from "outperform" and upped its price target on the stock. The broker also raised its price targets on a number of other semiconductor equipment makers, such as Axcelis Technologies, Applied Materials (AMAT: news, msgs, alerts) , Novellus Systems (NVLS: news, msgs, alerts) and KLA-Tencor (KLAC: news, msgs, alerts) . Lam shares rose 54 cents to $28.98. Salomon said anecdotal evidence supports an improved outlook for second-half bookings over the first half. The broker said it believes there is still significant cycle-to-cycle upside in the names, adding that favorites include Axcelis, KLA-Tencor, Novellus and Lam Research. Apple (AAPL: news, msgs, alerts) fell 18 cents to $20.26. Compaq (CPQ: news, msgs, alerts) lost 29 cents to $14.19 while Gateway (GTW: news, msgs, alerts) dipped 18 cents to $15.72. Sun Microsystems (SUNW: news, msgs, alerts) fell 44 cents to $14.75.