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In spite of downbeat news from Novellus (NVLS), ASM Lithography (ASML), and Applied Materials...

In spite of downbeat news from Novellus (NVLS), ASM Lithography (ASML), and Applied Materials (AMAT), many analysts remain positive on chip equipment stocks. Barclays believes smartphone and tablet growth will drive orders; Credit Suisse expects emerging markets to boost demand; and Merrill Lynch sees demand for NAND flash offsetting DRAM weakness.
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