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

To: Jess Beltz who wrote (15535)	6/3/2004 11:52:28 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95580

Bear Stearns & Co., Inc. (AMAT, NVLS) JagNotes.com >>3 June 2004, 08:02am ET AMAT: Initiated Coverage with Outperform - We initiated coverage of Applied Materials on May 5, at the previous day's closing price of $18.65. We believe that we are still in the relatively early stages of a cyclical recovery in the semiconductor capital equipment industry. As the dominant player in the industry, Applied Materials is positioned to benefit substantially from this recovery, in our opinion. NVLS: Reit Outperform - Novellus yesterday announced that it has reached an agreement to acquire Peter Wolters, a privately-held company based in Rendsburg, Germany. Financial terms of the deal, which is expected to close at the beginning of 3Q04, were not released.>>