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Technology Stocks : Silicon Valley Group -- Ignore unavailable to you. Want to Upgrade?

To: Ritz who wrote (1966)	2/8/1999 8:23:00 PM
From: Daniel Simon	Respond to of 2946

Etrade had a positive mention of this stock today as well. Sure was surprised to see it up today. Better late than never (but I do think it is getting kind of late in this bull run). Bailed on some 'trading' shares that have been suck in my portfolio for 5+ months. Still hold some LT. Good luck

To: Ritz who wrote (1966)	2/8/1999 10:08:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 2946

Ritz, From your posts, it was difficult to presume that you might still have any SVGI shares, if you ever had any. Usually when I feel the way you seem to about a stock, I sell it because the original reasons for holding it are no longer true. I guess we have different ways of expressing our interest in a company. ;-) Here's a table from Briefing. Ian. ++++++++++ (CHIP EQUIPMENT STOCKS): With so much attention being paid to Internet plays, few have taken notice of the run-up in the semiconductor and semiconductor capital equipment stocks. Since its October 08 low, the Philadelphia Semiconductor Index has rocketed 115%. The semiconductor capital equipment group is receiving another boost today from positive comments by two major Wall Street firms. This morning, Merrill Lynch raised its near-term ratings on Applied Materials (AMAT), KLA-Tencor (KLAC), Novellus Systems (NVLS) and Cymer (CYMI) from "accumulate" to "buy." The firm upgraded its near-term view on ASM Lithography (ASMLF) from "neutral" to "accumulate" and its long-term rating from "accumulate" to "buy." Morgan Stanley Dean Witter taking its rating on industry leaders AMAT and KLAC from "neutral" to "strong buy" and setting price targets of $80 and $77, respectively.... After watching many of these stocks more than triple over the past few months, Briefing.com believes that these firms are making their calls on the tail-end of the rally. Given bust-to-boom price action experienced by group in the past, the upside in semiconductor capital equipment stocks is limited from current levels. But, just in case we're wrong, we have included information in the attached table that should assist investors in making a more informed investment decision. Silicon Valley Group (SVGI) is the only name which wasn't raised to "buy" at Merrill Lynch this morning. The firm upgraded its near-term rating from "neutral" to "accumulate." However, SVGI is one of the few stocks in the entire group that hasn't yet rebounded to its 52-week high. As a result, stock is being included in the list as an "Undiscovered Play." Stock 1999 Estimate 2000 Estimate Current 52-Week Gain from 52- (P/E) (P/E) Price Range Week Low AMAT $0.65 (98) $1.65 (38.5) $63 1/2 21 9/16 - 64 7/16 195% NVLS $1.51 (45.7) $2.91 (23.7) $69 20 7/8 - 75 1/2 230% KLAC $0.56 (101) $1.48 (38.2) $56 1/2 20 3/4 - 59 1/4 172% ASMLF $0.27 (168.5) $1.18 (38.6) $45 1/2 12 15/16- 49 1/16 250% CYMI $0.08 (337.5) $0.87 (31) $27 5 7/8 - 29 7/8 360% SVGI $0.65 loss(n/a)$0.61 (27.7) $16 7/8 6 5/8 - 27 7/8 155%