Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.02

+3.7%

3:59 PM EST

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To: Cosmo Daisey who wrote (62916)	1/18/2000 3:51:00 PM
From: Ruffian	Read Replies (1) of 152472

We Should Be Next> RESEARCH ALERT - Merrill raises LSI Logic NEW YORK, Jan 18 (Reuters) - Merrill Lynch said on Tuesday it raised its intermediate-term rating on LSI Logic Corp.(NYSE:LSI - news) to buy from accumulate, citing what it said was potential upside to LSI's 2000 earnings outlook and the stock's ''reasonable valuation.'' -- said it raised 2000 earnings estimate from $2.21 to $2.32. -- projected preliminary 2001 earnings at $2.90 to $3.00. -- raised price objective for the stock to $100. -- said it expects gross margin to improve to 44.2 percent from an anticipated 38.3 percent in 1999. -- shares were up 6-1/4 at 80-1/8 in midday trading on the New York Stock Exchange.

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