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Technology Stocks : Xilinx (XLNX)
XLNX 194.920.0%Feb 14 4:00 PM EST
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To: Sam Citron who wrote (2871)11/7/2002 12:08:09 PM
From: Sam Citron  Read Replies (1) of 3291
 
New Wachovia report more ominous:

11:57 ET Altera, Xilinx sell off following Cisco report : ALTR and XLNX are conspicuously weak today even as the SOX gets hammered (-6.8%); Wachovia said in a pre-open note that they see a sluggish outlook for comm IC/PLD suppliers ALTR, BRCM, MRVL, and XLNX given CSCO's cautious Q2 rev outlook coupled with the increase in raw material inventory; moreover, firm says CSCO highlighted its intention to replace PLDs with ASICs in order to further reduce its component cost base, which would adversely impact ALTR and XLNX since they supply about 50% of the PLDs into CSCO. [Briefing.com]
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