I like analyst when they downgrade, that means we are very close to the bottom.alsc is not immune from the downturn, but its holdings should support the stock.Any warning from alsc is allready priced in the stock
+++++++++++++++==
Prudential Cuts Ratings on 15 Semiconductor Stocks to 'Hold'
3/5/01 5:40 AM
Source:Bloomberg News
New York, March 5 (Bloomberg) -- Prudential Securities Inc. analyst Hans Mosesmann cut ratings on 15 semiconductor stocks to ''hold.''
With the exception of Intel Corp., Mosesmann said in a note to clients that he has eliminated all ''accumulate'' ratings because the ''rating provides limited value for investors in the current environment.''
Mosesmann cut Atmel Corp., Cree Inc., Insilicon Corp., Lattice Semiconductor Corp., Microchip Technology Inc., Pericom Semiconductor Corp., Sage Inc. and STMicroelectronics NV to ''hold'' from ''strong buy.''
He reduced Alliance Semiconductor Corp., Altera Corp., ARM Holdings Plc, ATI Technologies Inc., LSI Logic Corp., Nvidia Corp. and OmniVision Technologies Inc. to ''hold'' from ''accumulate.''
Mosesmann said he cut the ratings to emphasize his ''strong buy'' rated stocks: AXT Inc., Emcore Corp., Micron Technology Inc., Texas Instruments Inc. and Xilinx Inc.
He said he also cut the ratings to be clear and consistent with his view of the semiconductor cycle and environment over the past several months. |
