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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (9337)	4/2/2004 11:22:29 AM
From: Gottfried	Respond to of 25522

from SIA: February Semiconductor Sales Up More Than 30 Percent Year-Over-Year -Year-on-year growth rate is highest since October 2000 - SAN JOSE, Calif. – April 2, 2004– SAN JOSE, CA – April 2, 2004 – Worldwide sales of semiconductors in February 2004 rose 30.8 percent compared to February 2003, the Semiconductor Industry Association (SIA) reported today. While total sales of $15.58 billion reflect a modest 0.2 percent increase from January 2004, the SIA noted that February historically has been a relatively weak month for chip sales. [snip] semichips.org

To: Gottfried who wrote (9337)	4/2/2004 3:30:08 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 25522

Does BoA do a weekly slam of AMAT now? I only post this so I can refer to it at a later time. Two Picks, Two Pans In Chip Capital Equipment 04.02.04, 10:46 AM ET Banc of America said its two top picks in the semiconductor capital equipment sector are Taiwan Semiconductor (nyse: TSM - news - people ) and Agilient Technologies (nyse: A - news - people ). The research house rates both shares at "buy" and maintains respective price objectives of $13.75 and $40 on them. Banc of America's two least favorite stocks in this group are Teradyne (nyse: TER - news - people ) and Veeco Instruments (nasdaq: VECO - news - people ), which are both rated at "sell" with price targets of $12 and $16, respectively. Banc of America also noted positive elements in the new Semiconductor Industry Association survey for February. "Chip momentum in January showed the first sign of deceleration," the research house said. "Looking back now, it looks as if it was a minor hiccup as momentum continues to increase across all segments. January was a surprisingly weak month for chip shipments especially compared to last year. February looks to have rebounded on a monthly basis." The research firm noted that there were periods in the 1990s when industry momentum stalled for a short period and then reaccelerated. It also said that additional data is needed to establish a clear trend for the current period. Banc of America also noted that, historically, the stock price of Applied Materials (nasdaq: AMAT - news - people ) has correlated fairly closely with inflection points in chip industry momentum. The research firm rates Applied Materials at "neutral" with a target price of $21.