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Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?

To: Ritz who wrote (529)	3/16/1999 7:53:00 PM
From: Alan Villalon	Read Replies (1) \| Respond to of 42385

Morgan Stanley Dean Witter upgraded several semiconductor equipment makers. The firm upgraded ASM Lithography (ASML:Nasdaq), Cymer (CYMI:Nasdaq), Dupont Photomask (DPMI:Nasdaq) and Etec Systems (ETEC:Nasdaq), all to strong buy from outperform. We have seen some nice movement to $45. Technically speaking, ASML is testing to break into new territory. The Strong Buy rating helps and all the press about improving fundamentals is also a plus. If ASML, can break above $45, we have completed a cup and handle formation on the stock chart (very bullish signal). However, with preannouncement season coming on, any slight change in the semi group could push this stock easily back down (beta is 2.79). Long and glad to see ASML back at current levels. -Al