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Technology Stocks : Semi Equipment Analysis
SOXX 330.35+0.5%Jan 12 4:00 PM EST

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To: Return to Sender who wrote (8674)2/19/2003 8:57:54 AM
From: Return to Sender  Read Replies (1) of 95708
 
Before the Bell-Intel, Texas Instruments rise
Wednesday February 19, 8:34 am ET

biz.yahoo.com

NEW YORK, Feb 19 (Reuters) - Shares of semiconductor makers Intel Corp. (NasdaqNM:INTC - News), Texas Instruments (NYSE:TXN - News) and Xilinx Inc. (NasdaqNM:XLNX - News) climbed in trading before the market opened on Wednesday after Morgan Stanley raised their investment ratings.

Intel rose to $17.19 on the Instinet electronic brokerage system from $16.71 at Tuesday's close. Morgan Stanley said a new product cycle, lower unit costs, and pricing power should "drive earnings power sharply higher" in the next one to two years.

Texas Instruments, the top maker of semiconductors for cell phones, climbed to $16.80 from $16.24 after Morgan Stanley raised the company's rating, saying most of the earnings risk appears to be discounted already.

Xilinx rose to $23 from $22.09. Morgan Stanley said the company should be a leader in any meaningful advance in the overall chip sector.

Shares of LifePoint Hospitals Inc. (NasdaqNM:LPNT - News) rose to $21.57 from $20.05 after the company reported late Tuesday its fourth-quarter earnings rose nearly 80 percent on acquisitions and higher revenue.
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