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Technology Stocks : Xicor ?

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To: David Loomis who wrote (2879)4/12/2000 10:35:00 AM
From: Ram Seetharaman   of 2920
 
Wednesday April 12, 10:14 am Eastern Time
RESEARCH ALERT - Xicor started as buy
NEW YORK, April 12 (Reuters) - Chase Hambrecht & Quist analyst Sudeep Balain said it started coverage of semiconductor memory device maker Xicor Inc. (NasdaqNM:XICO - news) with a rating of buy.

-- set $35 price target.

-- called Xicor ``key participant' in market for electronically erasable programmable memory chips.

-- ``We believe that the stock currently is grossly undervalued and we recommend buying it aggressively here.'

-- shares up 3/4 at 16.
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