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To: Paul Senior who wrote (4006)12/3/1998 1:53:00 PM
From: Daniel Joo  Read Replies (2) | Respond to of 60323
 
FYI Industry Outlook

Chip equipment stocks rise on positive outlook
Reuters Story - December 03, 1998 12:57
NEW YORK, Dec 3 (Reuters) - Shares of Lam Research Corp. and other companies that supply equipment to the semiconductor industry rose on Thursday, boosted by analysts' positive comments on the outlook for the industry.

Shares of Lam Research jumped 1-5/8 to 22-1/2 in early trade before settling back to 21-1/2, up 5/8, near midday.

Views that overall chip industry fundamentals are improving bolstered stocks in the sector. Credit Suisse First Boston analyst Elliott Rogers, in a research brief, said Lam had confirmed that its orders rose in early November, mirroring trends evident among leading chip equipment companies.