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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (2092)	3/29/1999 6:01:00 PM
From: Doughboy	Read Replies (1) \| Respond to of 3813

Merrill Lynch comment on the Semi Equipment market. Said that NVLS and other cos were in midst of correction that traditionally has ranged from 20-35% of a pullback. Since NVLS is already 28% off its high, ML said that a further pullback should be viewed as a buying opportunity. Worst case scenario, NVLS goes to about 49.5 (i.e. 35% off the high). IMO, even if do experience such a severe correction, NVLS is the best value among its peers. It has a lower PEG than AMAT and the highest growth rate of the big names. If everything holds to form, NVLS clearly has the furthest to run of the semi equipment stocks. Doughboy.