(INTC)is on BRIEFING COM.Rec list here is todays news for semis.Semiconductor:
Brief: Micron Technology's stock advanced in front of its earnings
announcement and Monday's buyers might be sorry, as the company
announced earnings of $0.33, well below the street estimate of
$0.49-$0.50... Revenues were up an impressive 35%, which should mute
some of the selling... But with Dataquest TechnologyMonday's buyers
might be sorry, as the company announced earnings of $0.33, well below
the street estimate of $0.49-$0.50... Revenues were up an impressive
35%, which should mAnalog Devices announced that it is comfortable with
the street's estimate for FY97, and noted that it expects to achieve
20%-25% revenue growth for the next several years... Sutro & Co. upped
its rating on VLSI Technology to buy from hold and raised its FY98
earnings estimate to $1.76 from $1.50... The Briefing favorite broke to
a new 52-wk high in response to the news and is set to test our target
of 39 over the near-term.
Components:Advanced Micro Devices (AMD), Analog Devices (ADI), Atmel
(ATML), C-Cube Microsystems (CUBE), Cirrus Logic (CRUS), Cypress
Semiconductor (CY), Intel (INTC), International Rectifier (IRF), LSI
Logic (LSI), Lattice Semiconductor (LSCC), Linear Technology (LLTC),
Micron Technology (MU), Motorola (MOT), National Semiconductor (NSM),
Texas Instruments (TXN), Unitrode Corp. (UTR), VLSI Technology (VLSI),
Xilinx (XLNX)
Our Favorites:ADI Technical breakout, rising volume... Solid earnings
prospects.CY Demand picking up, improved product mix and values.INTC
Raising price target from 90-95 to 105-110... Valuations... Industry
dominance... Management. VLSIProduct transition near complete... Earnings
momentum to improve...Stock cleared Briefing's initial target, set for
run to 39 area.Caution Advised:MOT Earnings warning to keep stock on
defensive over near-term... Look for additional downgrades and multiple
contraction to result in test of mid- to lower-60s. |
