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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2173)	7/9/2003 9:06:09 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 2313

ASYT up almost 20% in premarket...... 8:05AM Asyst upgraded at Merrill Lynch (ASYT) 7.80: Merrill Lynch upgrades to Buy from Neutral, citing the following factors: 1) co took mkt share away from an incumbent competitor with yesterday's UMCi deal, and firm estimates ASYT now has over 50% of 300mm fab AMHS wins; 2) the co's aggressive cost restructuring should help provide significant margin leverage; and 3) valuation already discounts near-term pain. Target is $13.