Xicor ? Message Board - Msg: 12942534

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Technology Stocks : Xicor ?

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To: Ram Seetharaman who wrote (2870)	2/22/2000 5:38:00 PM
From: Starowl	Read Replies (1) of 2920

Ram: I suppose you saw the CBS Newswatch article today? MILPITAS, Calif. (CBS.MW) -- Now that Xicor is almost fab-less, the market is finding the stock fabulous. Since June 1999, when Xicor was trading at around $2 per share, the stock has been on a meteoric rise and hit an all-time high of 24 1/2 on Feb. 17. "Through a spokesperson, the developer of non-volatile semiconductor chips said that its decision to change its business model is the reason behind the market's recent love affair with the company. Not that Xicor (XICO: news, msgs) is a new kid on the block: The company has been around since August 1978. "Outsourcing transformation: "Last summer Xicor announced plans to outsource all of its production. By the end of the first quarter the company will complete the shutdown of its manufacturing facility. In technology parlance, the facility that's closing is called a wafer fabrication foundry, hence the company's soon-to-be fab-less status. What will remain for Xicor to do? Research and development on the chips it makes, which allow devices like cellular phones to retain memory even after their power is turned off." And so on. cbs.marketwatch.com Starowl

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