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Strategies & Market Trends : Take the Money and Run

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To: Original Mad Dog who started this subject	7/2/2002 8:44:50 AM
From: gypsees	Read Replies (1) of 17639

02-Jul-02 08:21 ET PMC-Sierra estimates cut at Pru (PMCS) 8.75: Prudential believes that expectations for quarterly double-digit sequential growth in 2H02 may be too aggressive given the continued uncertainty in the timing and slope of recovery; cuts FY02 est to ($0.29) from ($0.27) and FY03 to $0.05 from $0.10 (both well below consensus), and cuts price target to $11 from $20.

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