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

To: Return to Sender who wrote (27619)	12/22/2005 8:55:17 PM
From: sixty2nds	Read Replies (2) \| Respond to of 95616

08:34 JP Morgan on Semi Equipment: sector historically rallies from Dec-Jan 31; likes LRCX, VSEA JP Morgan notes that historically, the Semi Index (SOX) has bottomed in mid-December and rallied strongly through January. The average SOX return from Dec-Jan has been +16% in the past 11 years, with three relatively mild down periods of -2% to -5%. The firm highlights Lam (LRCX 34.89) and Varian Semi (VSEA 42.83) as its two top picks in advance of the seasonally strong period. Both exhibit share gain momentum, high leverage to flash, and top tier business models. From the Dec-Jan 31 over the past 11 years, Lam and Varian have risen an average of 32% and 40%, respectively