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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Prophet who wrote (4016)	3/18/2002 2:44:04 PM
From: Dave Gore	Read Replies (1) of 16631

BREAKING (good) NEWS ----------- GNSS 14:00 -- 15:00 ET (Updated throughout the hour) Genesis Microchip (GNSS) 29.96 +0.31: CIBC World Markets reiterates Buy rating and $45 price target in an intra-day note, following GNSS's filing of patent infringement lawsuit against its three principal Taiwanese competitors on 3/15, an action which should impair these competitors from penetrating large flat panel display OEM accounts, in near term. Firm believes these Taiwanese competitors represented GNSS's near-term market share threat (up to 20%), due to their low-cost products, designed almost identically to GNSS's socket arrays (ICs designed to GNSS slots, so that FPD OEMs do not have to re-design for their chips). SmartASIC, one of the companies hit with lawsuit, believes GNSS's claim is totally without merit and intends to fight it....Today has been a rocky day for GNSS, but it is trading up from Friday's mid-day levels.

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