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To: orkrious who wrote (513)	10/23/1998 12:07:00 PM
From: Beltropolis Boy	Respond to of 1214

caught in the updraft ... Friday October 23, 9:38 am Eastern Time SOURCE: BancBoston Robertson Stephens BancBoston Robertson Stephens Upgrades Semiconductor Equipment Industry As Sector Hits Bottom and Upturn Appears Likely SAN FRANCISCO, Oct. 23 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior semiconductor equipment analyst Sue Billat today upgraded the semiconductor equipment industry. Billat also upgraded industry leaders Applied Materials (Nasdaq: AMAT - news), ASM Lithography (Nasdaq: ASMLF - news), ETEC Systems (Nasdaq: ETEC - news), and KLA-Tencor (Nasdaq: KLAC - news) from Long-Term Attractive to Buy ratings. Billat also reiterated her upgrades of Teradyne (NYSE: TER - news) and Novellus (Nasdaq: NVLS - news). "We believe the semiconductor capital equipment sector has hit bottom and will increasingly see technology buys from leading chipmakers," said Billat. "We believe the combination of DRAM stabilization and strong results by microprocessor makers is leading chipmakers to spend their capital budgets, albeit selectively and still historically low levels." Billat believes equipment suppliers offering 0.18 micron and below capability will be the beneficiaries in 1999. Intel (Nasdaq: INTC - news) recently sought ensured high-speed memory capacity by making a $500 million investment in Micron (NYSE: MU - news), which Billat believes has been earmarked for 0.18 micron capacity.