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Non-Tech : Invest / LTD
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To: SJS who wrote (13961)10/4/2000 4:25:00 PM
From: SJS  Read Replies (1) of 14427
 
My timing is sometimes uncanny......
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Exar Corp (EXAR) 115 1/8 +1 1/4: Merrill Lynch initiates coverage with a NT ACCUM/LT BUY rating and price target of $135. Calls company a leading supplier of T/E carrier ICs, which are found in edge and access telecom transmission equipment. Likes diverse, tier 1 customer base including CSCO, TLAB and LU. Believes EXAR is benefiting from secular trends, which are creating a 5-7 year investment cycle in infrastructure.
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