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Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (1886)	2/18/1999 10:23:00 PM
From: B.G. Mayers	Respond to of 3069

New Global Stock Index -includes Veeco NEW YORK, Feb 18 (Reuters) - SEMI, an international trade group of semiconductor equipment makers, on Thursday introduced a global stock index for the often overlooked sector, which in recent months has shown signs of a cyclical rebound. The index of 62 publicly traded companies, known as SEMIndex (pronounced semi-index) was unveiled at a three-day industry investor conference under way in New York this week, the trade group said in a statement. Semiconductor equipment manufactures, the suppliers of manufacturing equipment used to produce computer chips, have often existed in the shadow of their more-visible customers, semiconductor makers such as Intel Corp. <INTC.O>, Micron Technology Inc. <MU.N> and Texas Instruments Inc. <TXN.N>. Semiconductor companies make up the majority of companies listed in the Philadelphia Semiconductor Index <.SOXX>. Only four of the 16 components -- Applied Materials Inc., Novellus, KLA-Tencor and Teradyne -- are equipment makers. An existing index of semiconductor equipment makers, the S&P semi equipment index, is listed at <.SPTKSM>. Caught short by a glut of excess manufacturing capacity during the semiconductor downturn of the last three years -- leading chip makers to slash spending on new equipment -- the stocks have lagged other technology sectors. But Wall Street analysts believe the slowdown in orders hit bottom in the 1998 third quarter and now revenues and earnings are poised to pickup in 1999. Leading names in the sector are now trading near 52-week highs, and analysts see the group poised for additional gains as the famously boom-and-bust industry appears headed into one of its traditional multiyear cyclical upswings. The SEMIndex will be updated every 15 minutes on the SEMI Web site at semindex.org. The index was set at a value of 100 on Friday, Jan. 1, the first trading day of 1999. The new index includes industry sector companies with market capitalizations of $50 million or more. The market-weighted index includes companies from the United States, Japan, Germany, Belgium, Holland, Switzerland and Austria. SEMI is the international association of chip equipment makers. The association has 2,300 member companies worldwide. The sector generates $65 billion in annual revenues, the trade association estimated. A table of SEMIndex components follows: NORTH AMERICAN COMPANIES <AMAT.O> APPLIED MATLS INC <KLAC.O> KLA-TENCOR CORP TER.N> TERADYNE INC <NVLS.O> NOVELLUS SYS INC <AMKR.O> AMKOR TECHNOLOGY <VAR.N> VARIAN ASSOCS INC <ETEC.O> ETEC SYSTEMS INC <CGNX.O> COGNEX CORP <VECO.O> VEECO INSTRS INC <LRCX.O> LAM RESEARCH CORP <DPMI.O> DUPONT PHOTOMASKS <PLAB.O> PHOTRONICS INC <AEIS.O>ADVANCED ENERGY IN <PRIA.O> PRI AUTOMATION <ATMI.O> ATMI INC <ESIO.O> ELECTRO SCIENTIFC <CYMI.O> CYMER INC <KLIC.O> KULICKE & SOFFA <SVGI.O>SILICON VALLEY GRP <CMOS.O> CREDENCE SYS CORP <UTEK.O> ULTRATECH STEPPER <WFR.N> MEMC ELECTR MATLS <COHR.O> COHERENT INC <ASYT.O> ASYST TECH CORP <FSII.O> FSI INTL INC <EGLS.O> ELECTROGLAS INC <COHU.O> COHU INC <SFAM.O> SPEEDFAM INTL INC <IPEC.O> INTG PROCESS EQUP <WJ.N> WATKINS JOHNSON <EMKR.O> EMCORE CORP <BRKS.O> BROOKS AUTOMATION <ADEX.O> ADE CORP MASS <GSNX.O> GASONICS INTL <CRPB.O> CERPROBE CORP <ATRM.O> AETRIUM INC <LTXX.O> LTX CORP <ZIGO.O> ZYGO CORP <ASTX.O> APPLIED SCI & TEC <SMTL.O> SEMITOOL INC <MTSN.O> MATTSON TECH INC <ROBV.O> ROBOTIC VISION KEI.N> KEITHLEY INSTRS <NANO.O> NANOMETRICS INC <CFMT.O> CFM TECHNOLOGIES <IMSC.O> INTEGRATED MSRMNT <MASK.O> ALIGN-RITE INTL JAPAN <6857.T> ADVANTEST <6847.T> ANDO ELECTRIC <7735.T> DAINIPPON SCREEN <6146.Q> DISCO <6756.T> KOKUSAI ELECTRIC <8035.T> TOKYO ELECTRON <7729.T> TOKYO SEIMITSU <7731.T> NIKON CORP EUROPE <ASMIF.O> ASM INTL <ASML.O> ASM LITHOGRAPHY AIXG.F> AIXTRON <BESIF.O>BE SEMICONDUCTOR ESEF.S> ESEC HOLDINGS <IVISF.O> ICOS VISION JENG.F> JENOPTIK SEZBF SEZ 21:49 02-18-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.