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To: Ian@SI who wrote (464)1/11/1999 5:04:00 PM
From: BMcV  Read Replies (1) | Respond to of 1138
 
upgrade: biz.yahoo.com

RESEARCH ALERT - Cowen raises 2
semi equipment cos

NEW YORK, Jan 11 (Reuters) - SG Cowen said Monday that analyst Tia-min Pang upgraded semiconductor equipment companies Applied Materials Inc. (Nasdaq:AMAT - news) and Brooks Automation Inc. (Nasdaq:BRKS - news) to strong buy from buy.

-- Reiterated strong buy rating on Teradyne Inc. (NYSE:TER - news).

-- In a note, said believed ''the worst of the most recent semiconductor business cycle is now behind us and although there could still be some bumps along the way, short of global slowing, we see the industry in the infancy of the next 3-4 year up cycle phase.''