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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (3085)	12/11/1997 12:55:00 PM
From: WiseGuy	Respond to of 6980

The analysts are at it again amidst tech weaknesses, driving the prices to the bottom... ______________________________________________ Semi Equipment Maker Stocks: --UPDATE-- Merrill Lynch cuts rating on Novellus Systems (NVLS 30 3/4 -2 5/8) to a near-term "neutral" from an "accumulate" but keeps long-term at a "buy;" cuts Applied Materials (AMAT 27 -4 3/4) to a near-term "neutral" from an "accumulate" but keeps issue at a long-term "buy;" lowers Credence Systems (CMOS 20 3/4 -4) to a near-term "neutral" from a "buy" and a long-term "accumulate" from a "buy;" cuts Silicon Valley Group (SVGI 20 15/16 -1 5/8) to a near-term "neutral" from an "accumulate" and a long-term "accumulate" from a "buy;" cuts Kulicke & Soffa (KLIC 19 1/8 -5 3/4) to a near-term "neutral" from an "accumulate" and a long-term "accumulate" from a "buy;" lowers Electronic Scientific (ESIO 34 3/4 -2) to a near-term "neutral" from an 'accumulate" and a long-term "accumulate" from a "buy;" cuts Veeco Instruments (VECO 29 1/2 -5 5/8) to a near-term "neutral" from an 'accumulate" and a long-term "accumulate" from a "buy;" lowers Ultratech Stepper (UTEK 21 3/8 -1 9/16) to a long-term "accumulate" from a "buy" but keeps neat-term at a "neutral;" and lowers Lam Research (LRCX 29 1/4 -1 7/8) to a long-term "accumulate" from a "buy" but keeps near-term rating at a "neutral"..... International Business Machines Corp. (IBM) 103 5/8 -2 7/8: Merrill Lynch lowers 4Q EPS estimate for computer giant due to weak Yen and slower PC sales in Japan; cuts 4Q EPS by six cents to $2.20 a share and FY97 EPS to $6.24 from $6.30 a share.....