Moors & Cabot Initiates Coverage of the Semiconductor Devices Industry With Buy Rating

Moors & Cabot Initiates Coverage of the Semiconductor Devices
Industry With Buy Rating 


BOSTON, Feb. 1  /PRNewswire/ -- Hans Mosesmann, Senior Vice President and
Senior Analyst at Moors & Cabot is initiating coverage of the semiconductor
device space with a Buy rating for the sector.  We believe that the
semiconductor industry will peak in 2006/2007, consistent with a five to seven
year historical peak to peak pattern.  Supply/demand dynamics entering 2005
suggests a return to balance.  Importantly, we believe the next 12 months will
be characterized by increasing investor enthusiasm for significant
semiconductor market drivers for 2006/2007:  Microsoft's Longhorn O/S, WiMax
wireless broadband, and PS3/Xbox2/GameCube2 game consoles.  We believe 2006
will be unique in that such a PC, communications, and consumer new product
planetary alignment has not been seen in many years, and in our view, will
drive semiconductor revenues, given the tremendous amount of silicon required
for these new applications.

Buy rated stocks:  ALTR, ATYT, INTC, TXN, and XLNX.  INTC is our favorite idea
as Intel stands to benefit uniquely from both Longhorn and WiMax product
dynamics. Sell rated stocks:  AMD and CREE. Hold rated stocks:  MU and NVDA.

Moors & Cabot will continue to host the long standing and much anticipated
August Technology Conference. Please join Moors & Cabot August 10th-11th, 2005
at the Pan Pacific Hotel in San Francisco.  More details to come shortly on
this worthwhile event.

About Moors & Cabot

Moors & Cabot's financial institution and technology coverage universe reflects
the progressive nature of our market economy.  Moors & Cabot's financial
institution analysts specialize in the bank and thrift sectors. Moors & Cabot's
technology analysts focus on accelerated growth companies in rapidly growing
industries such as medical technology, biotechnology, semiconductors, wireless
equipment and services, computer and business services and computer software.

Moors & Cabot is the oldest independent member of the Boston Stock Exchange and
one of the nation's oldest independent members of the New York Stock Exchange.
In addition to offering its equity and fixed-income research through
full-service registered representatives, Moors & Cabot offers investors
additional investment tools such as cash management accounts, retirement
planning, mutual funds, annuities and professional money management services.

With over a century of experience and expertise, Moors & Cabot continues to
serve in the tradition of its founding fathers. Our core principles of
integrity, honesty, respect and loyalty are as important today as they were
more than a hundred years ago.

For important disclosures and information regarding the firm's rating system,
valuation methods and potential conflicts of interest, please visit:
http://www.moorscabot.com/page.php/id/284 .

Moors & Cabot is a member of the National Association of Securities Dealers,
CRD number 594.

Contact:  Hans Mosesmann, SVP & Senior Analyst, [phone], or , or Susan
Shin, Associate Analyst, [phone], , or Dana Wentworth, [phone],
or , all of Moors & Cabot. 

DATASOURCE: Moors & Cabot



CONTACT:  Hans Mosesmann, SVP & Senior Analyst, [phone], or

, or Susan Shin, Associate Analyst, [phone],

, or Dana Wentworth, [phone], or

, all of Moors & Cabot



Web site:  http://www.moorscabot.com/

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