Deutsche's Vishal Shah launches coverage on chip equipment makers with a guarded stance: While...
Deutsche's Vishal Shah launches coverage on chip equipment makers with a guarded stance: While believing industry revenue can outpace the tech sector over the next 5 years, given the need for cutting-edge chips in mobile devices, he expects 2012 capex to be worse than already-depressed forecasts. Shah's top picks are LRCX and TER; AMAT, KLAC, and NVLS are started at Hold.
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