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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (7493)	1/6/1999 7:52:00 PM
From: goldsnow	Respond to of 10921

Perhaps, except that weaker dollar/stronger yen would positevely impact Asian Recovery...(Why dollar is getting killed against Yen if not for that reason?)It is not Car Market like Toyotas..big chunk is consumed in Asia

To: Ramsey Su who wrote (7493)	1/6/1999 8:19:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 10921

"Analysts also noted that an increase in Taiwanese spending, which recently showed improvement after a slowdown, will benefit Applied's orders. Taiwanese spending will improve in the first quarter due to anticipated orders by graphics-chip companies, analysts said." Comments boost Applied Materials BT Alex. Brown upgrades semiconductor makers By Melanie Austria Farmer, CBS MarketWatch Last Update: 4:17 PM ET Jan 6, 1999 Also: Silicon Stocks NEW YORK (CBS.MW) -- Shares of Applied Materials advanced after analysts at BT Alex. Brown upgraded the chip-equipment maker, among other companies in the sector, to "strong buy" from "market perform," forecasting strong 1999 earnings. The Philadelphia Semiconductor Index rose 13 points, up 3 percent as BT Alex. Brown raised their investment ratings on several semiconductor chip manufacturers. In a research note, analysts upped their fiscal 2000 earnings estimates on Applied Materials (AMAT) to $2.00 from $1.74 and established a 12-month price target of $60. The current First Call consensus estimate is $1.62 a share. Analysts said fourth-quarter PC and related semiconductor device sales looked strong into the second quarter of 1999. Shares of Applied jumped 7.7 percent, up 3 13/16, to 53 9/16. Analysts also noted that an increase in Taiwanese spending, which recently showed improvement after a slowdown, will benefit Applied's orders. Taiwanese spending will improve in the first quarter due to anticipated orders by graphics-chip companies, analysts said. Other semiconductor capital-equipment manufacturers advanced, benefiting from the upgrades. Novellus Systems (NVLS) was upgraded to "strong buy" from "market perform," with a 12-month price target of $90. KLA-Tencor (KLAC) stock was raised to "strong buy" from "market perform" as well, with a 12-month price target of $69. Both Lam Research (LRCX) and ATMI, Inc. (ATMI) were upped to "buy" from "market perform." Novellus shares gained 7 1/2 at 66 1/16 and Lam Research advanced 1 7/8 at 27 1/8. KLA-Tencor rose 1 7/16 to 54 1/16 and ATMI gained 1 to 28 3/8. cbs.marketwatch.com