To: etchmeister who wrote (1391 ) 6/7/2007 6:13:35 AM From: niek Read Replies (1) | Respond to RESEARCH ALERT-Bernstein raises European chip sector "We believe the industry utilization cycle has now troughed -- driven by a combination of excess supply and semiconductor and electronics inventory reduction," Bernstein said in a research note. ASML is a clear long-term winner with the very poor memory orders over the next two-to-three quarters already reflected in the stock price, Bernstein said. "Weak order points are exactly when you should be buying strong semicap companies -- as it provides an opportunity to get the stocks on the relative "cheap"," it said. Bernstein's preferred stocks from the sector are ARM Holdings Plc, EPCOS, and ASML.
