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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.88-0.3%Jan 30 4:00 PM EST

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To: Johnny Canuck who wrote (41079)4/19/2004 1:27:42 AM
From: Johnny Canuck  Read Replies (1) of 70308
 
11:11 GNSS Genesis Microchip target range raised to $24-$28 at CE Unterberg (17.20 -0.80)

CE Unterberg reiterates their Buy rating on GNSS and raises their target to $24-$28 from $23-$26 after the Int'l Trade Commission issued a favorable ruling in the patent infringement case against its largest competitor, MStar. Firm believes this judgment, if upheld, will have significant positive psychological impact in the near-term and favorable economic impact in the long run on GNSS's fundamentals. Firm says that investors' main concern with the GNSS story was its commodity-like monitor biz, but this event could fundamentally change that aspect of the story over the next 6 months.

[Harry: Not sure I agree.]
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