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Strategies & Market Trends : Technical analysis for shorts & longs

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Dec 31 4:00 PM EST

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To: Johnny Canuck who wrote (40595)	1/9/2004 10:37:11 AM
From: Johnny Canuck	Read Replies (1) of 69345

07:33 RFMD and SWKS upgraded at PiperJaffray on strong Nokia numbers Piper Jaffray upgrades RF Micro to Outperform from Market Perform and raises its target to $14 from $12. With Nokia's pre-announcement yesterday, the firm says it's clear that RF Micro is going to report better-than-expected results for DecQ as Nokia accounts for 40% of sales. We expect Nokia will generate $80+ MM in sales for RFMD with a dominant position in GSM models, a monopoly position in TDMA and 25% share in CDMA models. Bottom line growth benefits not only from higher sales but operational efficiencies in manufacturing production and yields.... Piper also upgrades Skyworks Solutions to Outperform from Mkt Perform and raises its target to $14 from $12. Strong sales reported by Nokia are indicative of strong worldwide sales and bodes well for leading RFIC suppliers such as Skyworks.

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