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Strategies & Market Trends : Sharck Soup
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To: puborectalis who wrote (25902)6/4/2001 1:06:17 PM
From: ColtonGang   of 37746
 
XLNX...Xilinx (XLNX) is trading
slightly lower on 189,184 Island shares ahead of its mid-quarter update after
the close of regular session trade today. The company is expected to post a Q1
gain of $0.15 per share on revenue of $317.58 million, according to Multex.
Merrill Lynch issued a research brief today noting that it expects Xilinx to
maintain sequential revenue forecasts down 15 to 25 percent. Merrill cautioned,
however, that checks indicate the quarter is tracking to the low end of the
range with further push-outs in June placing even the low end of the forecasts
in jeopardy. Merrill is maintaining its $50 price target on the stock.
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