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Technology Stocks : PMC-Sierra (PMCS) - moderated
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: SJS who wrote (53)10/15/2000 11:22:18 PM
From: Bob Kim   of 469
 
SJS,

A lot of price targets from Merrill Lynch analysts are determined by adding 20% to the price they put on the report and rounding up or down to the nearest 0 or 5, or sometimes nearest dollar. From that number, they back out a multiple. This really happens.
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