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

To: The Ox who wrote (9604)	4/28/2003 1:29:05 PM
From: The Ox	Read Replies (1) \| Respond to of 95640

Slightly more color to the downgrade: RESEARCH ALERT-First Albany cuts Applied Materials rating Monday April 28, 11:58 am ET NEW YORK, April 28 (Reuters) - First Albany on Monday said it cut its investment rating for Applied Materials Inc. (NasdaqNM:AMAT - News), the world's largest maker of microchip production equipment, to "underperform" from "neutral." "It appears to us that the leading companies in semiconductor manufacturing, such as Intel, Samsung, and IBM, are trying to minimize their dependence on Applied Material's equipment," analyst Auguste Richard said in a research note. Shares of Applied Materials closed at $14.19 on the Nasdaq Stock Market (News - Websites) on Friday.