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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (40343)3/13/2002 8:38:23 AM
From: Softechie  Respond to of 99280
 
Morgan Stanley downgrades Semiconductor Equipment sector
Morgan Stanley downgrades the Semiconductor Equipment group to OUTPERFORM from Strong Buy based on valuation. Individual names downgraded to Outperform from Strong Buy are KLAC NVLS LRCX ACLS LTXX TER VSEA. Firm maintains Strong Buy rating on CYMI ASML AMAT... Believes sector has come too far too fast, and is now trading at peak valuation after just one qtr of up bookings.