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

To: Gottfried who wrote (24526)	9/22/1998 12:37:00 AM
From: Jeffrey D	Respond to of 70976

To all, from Briefing.Com Tech Stock Analysis: <<Semiconductor Brief: Buoyed by the positive news out of Intel (INTC), Micron (MU) and Texas Instruments (TXN), chip stocks helped to lead Monday's rebound in the tech sector... Increasingly, the word on the street is that the long-battered industry is about ready to turn the corner on recovery due to improved supply/demand picture and better pricing environment... Investors not waiting for proof, as evidenced by the solid gains recorded in the three companies noted above... Also marching higher were LSI Logic (LSI), Analog Devices (ADI) and Linear Technology (LLTC)... Given deeply oversold condition of industry can't discount moderately impressive rally over next few weeks, especially if earnings news isn't horrible... However, ongoing financial difficulties in Asia and threat of worldwide recession suggest sustained gains are unlikely. Semiconductor Equipment Brief: Group remains narrowly confined near low end of range... Good news in chip sector hasn't filtered down to chip equipment names yet, though if chip rebound gains momentum expect these stocks to go along for the ride... Investors likely to return to big names such as Applied Materials (AMAT), KLA-Tencor (KLAC) and Novellus (NVLS) first... Teradyne (TER), Kulicke & Soffa (KLIC) and Etec Systems (ETEC) won't be far behind... Asyst (ASYT), FSI (FSII), Cymer (CYMI) and CFM (CFMT) should trail the field as earnings visibility is most clouded here... Speaking of earnings: SpeedFam (SFAM) due to report results on Thursday... Street looking for a loss of $0.02... Don't be surprised if number is worse than expected, however, as street has had a tough time accurately gauging degree of trouble. Applied Materials (AMAT): SoundView reiterated its s/t hold and l/t buy ratings on stock while lowering FY99 estimate to $0.57 from $0.68.>>