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

To: Henry Eichorszt who wrote (23047)	8/17/1998 6:25:00 PM
From: Henry Eichorszt	Read Replies (1) \| Respond to of 70976

Shares of semiconductor capital equipment companies took off today after automated test equipment and electronic equipment backplane manufacturer Teradyne (NYSE: TER) announced that semiconductor fabrication company Taiwan Semiconductor Manufacturing (NYSE: TSM) has purchased "multiple" Catalyst test systems. As back-end test equipment is usually the first capital equipment to be added to a fabrication facility (fab) to increase output, this news and news of another order for Teradyne from another Taiwan merchant fab were greeted warmly by other semiconductor capital equipment manufacturers. Applied Materials (Nasdaq: AMAT) climbed $2 3/16 to $33 5/16 and Novellus (Nasdaq: NVLS) added $3 5/16 to $39 11/16. Today's news follows last week's large order for other types of assembly equipment from Kulicke & Soffa (Nasdaq: KLIC), which usually acts as one of the better barometers for the semiconductor and semiconductor capital equipment industry. Also moving today was KLA-Tencor (Nasdaq: KLAC), the leader in yield enhancement and process control equipment for the semiconductor industry. SoundView started coverage of the company with a "long-term buy" rating, estimating fiscal 2000 EPS of $1.74, well above the current IBES estimate of $1.58.