Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cary Salsberg who wrote (11083)	8/4/2004 8:16:35 AM
From: matt dillabough	Read Replies (2) \| Respond to of 25522

AMAT Applied Materials upped to Buy from Hold at Smith Barney; TER upped to Hold from Sell (16.45 ) Smith Barney says that Semi Equipment stocks are losing some volatility relative to the mkt and other names in technology -- essentially converging over time to "fair value". While the firm is more negative on the CY2005 capex, they believe the the downturn will be much shallower and generally shorter than prior cycles. While it could be too early, they suggest buying on bad news as 2005 expectations come down over the coming months. Within the sector the firm upgrades AMAT to Buy from Hold and TER to Hold from Sell, given the relatively short and shallow downturn