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Strategies & Market Trends : Galapagos Islands

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To: JustTradeEm who wrote (42469)	7/8/2003 8:55:38 AM
From: Techplayer	Read Replies (1) of 57110

brcm going to hit your 30 soon. better late than never, right? 7:34am 07/08/03 Lehman ups ratings, price targets on Broadcom, Marvell (MRVL, BRCM) By Tomi Kilgore NEW YORK (CBS.MW) -- Lehman Bros. upgraded chipmakers Broadcom (BRCM) and Marvell Technologies to "overweight" from "equal weight," and raised its price target on Broadcom stock to $35 from $25 and on Marvell stock to $45 from $30. Analyst Arnab Chanda believes Broadcom is likely to show upside on both revenue and earnings in its latest quarter, and thinks the company's outlook will be "strong." For Marvell, Chanda feels fundamentals remain solid as the company takes market share in the storage integrated circuit market. Broadcom is rallying 55 cents to $29.10 and Marvell is tacking on 22 cents to $38.38 in Instinet pre-open trading.

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