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

To: Gottfried who wrote (17168)	1/13/2006 10:26:40 AM
From: niek	Read Replies (4) \| Respond to of 25522

10:23am 01/13/06 Prudential recommends moving out of chip sectors (KLAC, AMAT, $SOX, INTC) By Tomi Kilgore NEW YORK (MarketWatch) -- Prudential analyst Ben Pang believes companies in the semiconductor capital equipment sector will report strong fourth-quarter order growth, but recommended selling into any rallies in the shares on the belief that December will mark the peak in order acceleration. Pang highlighted Samsung's plan for 2006 chip capital expenditures announced overnight, which represented a greater-than-expected decline from 2005. Among the more active chip equipment makers, Applied Materials (AMAT) shed 3.3% to $20.14 and KLA-Tencor (KLAC) slid 1.4% to $51.89. For the chip making sector, Prudential's Mark Lipacis recommended investors "lighten up" on positions following recent gains on the belief that margins have reached their peak levels. The Philadelphia Exchange Semiconductor Index ($SOX) was down 1.2% at 522.96, but was still up 9.2% since the end of 2005 and 21% since the end of October. The sector leader and Dow industrials component Intel (INTC) was down 6 cents at $25.91.