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, +1-646-346-1702, or , or Susan Shin, Associate Analyst, +1-415-288-2247, , or Dana Wentworth, +1-415-288-2262, or , all of Moors & Cabot. DATASOURCE: Moors & Cabot CONTACT: Hans Mosesmann, SVP & Senior Analyst, +1-646-346-1702, or , or Susan Shin, Associate Analyst, +1-415-288-2247, , or Dana Wentworth, +1-415-288-2262, or , all of Moors & Cabot Web site: http://www.moorscabot.com/

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