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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (20948)	2/1/1999 11:41:00 PM
From: Apple12	Read Replies (1) \| Respond to of 25960

Datex is showing CYMI up 1 7/8 after hours is this right?

To: Zeev Hed who wrote (20948)	2/2/1999 2:54:00 AM
From: djane	Respond to of 25960

Analyst [Hodess] recommends chip equipment stocks [No CYMI rec] cbs.marketwatch.com By Tiare Rath, CBS MarketWatch Last Update: 8:22 PM ET Feb 1, 1999 Tech Report Hardware Stocks SAN FRANCISCO (CBS.MW) -- A NationsBanc Montgomery Securities analyst recommended a series of chip equipment stocks Monday and tried to explain their skyrocketing stock prices. Brett Hodess, who gave a speech late Monday afternoon to NationsBanc Montgomery Technology conference attendees, said the next two years' growth and bottomed-out orders are driving chip equipment stocks. The industry and their stocks took a beating last year over reduced demand for their products from customers. It's widely assumed in the industry that orders and demand for products hit their lowest levels in September, which left many investors thinking the only way to go was up. As a result, semiconductor shares have jumped over the past few months. Hodess predicted the semiconductor capital equipment industry will fall 5 percent in 1999 but grow 25 percent to 30 percent in 2000 and 40 percent in 2001. Time, though, is of the essence, he said. "You have to be early with this group," said Hodess, who started recommending the stocks in July. Among his picks at the presentation were Applied Materials (AMAT) and Novellus (NVLS), both of which he said could hit $100 a share in the next 12 months. Hodess also recommended KLA-Tencor (KLAC) and Teradyne (TER), which could trade at $75 a share and $80 a share in the next year, respectively, he said. Among his other favorites are DuPont Photomask (DPMI), Phototronics (PLAB), Speedfam (SFAM), Advanced Energy Industries (AEIS) and Electro Scientific (ESIO). When an audience member asked about LAM Research (LRCX), Hodess said that, at the stock's current price, he's like to see "more improvement" from the company. Semiconductor stocks are often considered cyclical, and investors are looking to their upturn as they come out of one of their worst slumps in two decades. The stocks are going higher despite less-than-stellar sales and profit because investors are bidding them up to about 25 times 2000 and 2001 price-to-earnings ratios, he said. "That's the only reason these stocks make sense," he told the audience, which responded with laughter. Tiare Rath is a reporter for CBS MarketWatch. © 1997-1999 MarketWatch.com, Inc. All rights reserved. Disclaimer. MarketWatch.com is a joint venture of CBS and Data Broadcasting Corporation. CBS and the CBS "eye device" are registered trademarks of CBS Inc.