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Susquehanna is upgrading chip equipment makers NVLS, LRCX, ASML, and KLAC. The firm notes shares...

Susquehanna is upgrading chip equipment makers NVLS, LRCX, ASML, and KLAC. The firm notes shares are trading at cyclically low valuations, and expects equipment orders to pick up in mid-2012, after chip manufacturing utilization rates bottom out in the spring. Goldman expressed a more bearish view last week.
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