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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (40393)	5/17/1999 9:17:00 AM
From: Susan G	Read Replies (1) \| Respond to of 120523

From Briefing.com 09:11 ET Chip Equipment Stocks : Salomon Smith Barney downgrades AMAT, NVLS, KLAC and LRCX from "buy" to "outperform." See Story Stocks for details. 09:00 ET****** CAPITAL EQUIPMENT STOCKS. Semiconductor capital equipment makers are likely to experience some selling pressure this morning as Salomon Smith Barney downgrades several issues in the sector, including Applied Materials Inc. (AMAT 60 11/16). According to the highly followed Wall Street firm, KLA-Tencor (KLAC 51 1/2), Novellus Systems Inc. (NVLS 54 1/16), Lam Research Corp. (LRCX 30 13/16), and Applied Materials were downgraded from "buy" to "outperform" ratings. Given the jittery status of the market ahead of tomorrow's FOMC meeting, investors may look for excuses to head for the sidelines. And with AMAT due to report its fiscal Q2 results tomorrow as well, it seems that Salomon Smith Barney has given some investors a reason to be cautious. According to the Wall Street firm, it sees air pockets ahead as orders are expected to flatten, if not decline, by the end of the year as the capital equipment sector losses the DRAM cylinder, while the foundry and logic cylinder group are not expected to do much better. Accordingly, the downgrades of the group are primarily due to only limited upside of 10% to 20% until the sub 0.25 micron drivers show that they are profitable and can generate the necessary volume to make them cost effective. Everything else stays the same as the firm is not altering earnings estimates or price targets. However, with the nervousness that exists in the marketplace at the moment, the downgrades are likely to cause some movement to the sidelines until the air clears.

To: SMALL FRY who wrote (40393)	5/17/1999 9:21:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

SF A LOT OF GOOD THIS WILL DO NOW!!!!-------------------------------------------------------------------------------- Related Quotes USWB 0 +0 delayed 20 mins - disclaimer Monday May 17, 8:54 am Eastern Time Morgan Staney Starts Usweb at Outperform, Sets $35 Target (This is a headline-only alert, although it