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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (23037)	8/17/1998 1:48:00 PM
From: Henry Eichorszt	Read Replies (2) \| Respond to of 70976

Chip-gear makers lift tech shares By Stephanie O'Brien, CBS MarketWatch Last Update: 1:24 PM ET Aug 17, 1998 See Market Snapshot NEW YORK (CBS.MW) --ÿTechnology stocks rose Monday afternoon as optimism about chip equipment makers offset concerns about overseas markets and President Clinton's testimony. Shares of some semiconductor equipment makers are rebounding as investors regain confidence in the group's fundamentals, said Byron Walker, a managing director at BT Alex Brown. "These companies have been beaten down for the past three quarters, primarily due to overcapacity," Walker said. Applied Materials (AMAT) rose 1 9/16, or 5 percent, to 32 11/16; Novellus Systems Inc. (NVLS) was upÿ 2 5/8, or 7.2 percent, to 39ÿ and Linear Technology Corp. (LLTC) rose 2 1/2 to 62 7/8, or about 4.1 percent.