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Technology Stocks : Xilinx (XLNX)

XLNX 194.92

0.0%

Feb 14 4:00 PM EST

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To: A. Edwards who wrote (3095)	1/22/2004 9:34:22 AM
From: Proud_Infidel	of 3291

Xilinx Called 'Best Positioned' In Its Sector Forbes.com staff, 01.22.04, 9:22 AM ET NEW YORK - Xilinx (nasdaq: XLNX - news - people ) stock got a boost from a Banc of America upgrade to a "buy" from a "neutral" rating. The research house also lifted its price target for the stock to $50 from $28. It described the provider of programmable logic solutions as "a prime beneficiary of an improving environment for enterprise and carrier spending." Banc of America also said Xilinx is the "best positioned" of the companies it covers in its sector to capitalize on that recovery. Yesterday Xilinx reported a year-over-year third-quarter revenue increase of 29% to $365.6 million, citing economic recovery and a jump in sales into the communications industry. The stock, which Wednesday closed at $40.39, was up $3.17 at $43.56. forbes.com

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