From: Investor's Business Daily<ibd@ibd1.investors.com>
To: david@coronariversidehomes.com
Received: Tuesday, May 19, 2009 02:50 AM
IBD Tech Report Newsletter
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Capital always flows to where there is productivity, efficiency and innovation where you can get better returns... U.S. and European companies will have to find the means and the areas where they have a competitive advantage.
Cymer (CYMI) and other semiconductor capital equipment companies were raised to buy from hold by Stifel Nicolaus, which cited a sharp reduction in semiconductor inventory levels that could lead to an undersupply situation in the next upturn. Stifel also said increasing chipmaker utilization rates should eventually spur new equipment capacity buys. Novellus (NVLS) and Teradyne (TER) were among the companies upgraded. Cymer gained 8.8% as Novellus and Teradyne each rose over 5%.
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