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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/20/2001 8:21:23 PM
From: besttrader	Read Replies (1) of 37746

It's IDIOTS like these analysts that cause the bubble! --> PMC-Sierra (PMCS) 46.00 +4.60: -- Update -- Frost Securities upgrades to STRONG BUY from BUY and ups price target to $73 from $44 on signs of stabilizing inventories; as firm believes investors will be increasingly willing to make longer term economic recovery bets once they are more comfortable that sales declines are reaching an inflection point, firm expects the leaders of the communications IC market will likely be some of the leading vehicles for investors wanting leverage against an improving market. Vitesse Semi (VTSS) 36.10 +0.20: -- Update -- Robertson Stephens upgrades to BUY from LONG TERM ATTRACTIVE with a 12-month price target of $48; citing resolution of end-demand worries, resolution of inventory overhang and appropriate valuation metrics; firm's assumptions are that the end-market that Vitesse participates in will grow between 30-50% on a secular basis, that Vitesse will grow at the high-end of that range and that company ought to get a premium multiple to its growth rate because of its attractive margin structure (70% gross margins) and cash generation potential.

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