ADI: The SHARCs are circling! Message Board

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Technology Stocks : ADI: The SHARCs are circling!

ADI 252.18

+5.3%

3:53 PM EST

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To: Jim Oravetz who wrote (1400)	12/6/1999 7:37:00 PM
From: BostonView	Read Replies (2) of 2882

I thought Cisco and ADI were just friends, but David thinks it's getting more serious: Analog Devices Inc. (NYSE: ADI) soared up 4 1/2, or 6 percent, to a 52-week high of 74 1/8 Monday after ABN AMRO raised its 12-month price target from $80 to $100 a share. Analyst David Wu also raised his fiscal 2000 earnings estimate on the Norwood, Mass.-based chipmaker to $2.05 a share from $2 a share. Wu said ADI could benefit from Internet infrastructure equipment maker Cisco Systems Inc.'s (Nasdaq: CSCO) decision to use more digital signal processor (DSP) products and high frequency mixed-signal integrated circuit chips in its products. ADI shares hit a 52-week high Friday after easily beating analysts' estimates in its fourth quarter and predicting continued strength ___ reprinted from ZDnet BV

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