Some Briefing.com items on chip companies:
09:00 ET Merrill Cuts IC Stocks : Merrill Lynch downgrading the following communications IC stocks to ACCUMULATE from BUY: AMCC, TXCC, BRCM, CHRT, PMCS.... Move sends Nasdaq futures (-76) to low of the morning.
08:58 ET Taiwan Semi (TSM) 23: CS First Boston believes that IC foundry could miss the firm's 01 revenue growth forecast by 20% due to weak end markets; sees downside in the stock of up to 20%.
08:53 ET Chase On Semis : Chase H&Q says it would continue to be aggressively building positions in the following chip names: ALTR, ATML, XLNX, IDTI, MCHP, SSTI, AMD, LSI, MU. |
