They are taking this stock down: Lehman; Nomura
THEY:
Nomura downgrade to 'sell' this morning: targetprize: 26.40œ
~30% down here. Valuation, competition rising; Arc cores, transmeta. etc.http://www.thestreet.com/_yahoo/markets/europemkts/899540.html The pertinent part of the article is as follows: ARM Holdings (ARMHY:Nasdaq ADR - news - boards) dropped 369p, or 7.8%, to 44.85 pounds. ARM also suffered as a result of a sell note from Nomura, which gave a price target of only 26.4 pounds.
Lehman downgraded whole Europen IT sektor (CNBC) : The European stocks are overvalued even more than US,
Lehman bros. is re-investing money in old economy and old economy technologystocks in Europe.
etc.
Take it or leave it: only facts.
Trying to find out what is an old economy tech stock...
Post here if you know some...
By the Way: Lehman more:
Mar 11, 2000 LSI Logic soared on optimism for focus on Communications ..
March 11 (Bloomberg) LSI Logic Corp., the No. 1 maker of custom semiconductors, will outline its plans for wireless communications and Internet equipment at a meeting next week in Phoenix.
LSI shares have doubled this year on sales of its chips that perform the functions of many semiconductors. The chips save time, money and space for customers such as Cisco Systems Inc., the No. 1 maker of Internet equipment, Nokia Oyj, the top cell-phone maker, and Sony Corp., which uses LSI's products in its PlayStation video-game console.
Chief Executive Wilfred Corrigan and other executives will tell 100 analysts and investors that LSI ``is transforming itself into a bona-fide communications company,' spokesman Kevin Brett said. The conference runs Thursday and Friday.
``It will be a `love-in,' ' said Dan Myers, a Lehman Brothers analyst, who rates LSI a ``buy.' |
