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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (31221)	12/15/1997 12:44:00 PM
From: Jerry Olson	Read Replies (1) of 58727

TT FYI.. Monday December 15, 12:16 pm Eastern Time RESEARCH ALERT - Hambrecht on semiconductor makers LOS ANGELES, Dec. 15 (Reuters) - Hambrecht & Quist LLC on Monday cut earnings estimates on some semiconductor makers, citing slower-than-expected recovery in the first half of 1998, excess chipmaking capacity, weaker demand in Asia and slower growth in PC, peripheral and communication products. -- believes many Asian producers of PC motherboards and peripherals are cutting production rates and oder patterns due to their uncertain economies. -- expects high density programmable logic market to see growth of 15 to 20 pct in 1998 versus a previous estimate of 20 to 25 pct growth. -- sees ''numerous earnings estimate reductions'' in the March quarter and the rest of 1998 due to weak environment. -- cut Texas Instruments Inc (NYSE:TXN - news) rating to hold from buy. Reduced fourth quarter 1997 earnings estimate to $0.59 a share from $0.60. Cut calendar year 1998 to $2.57 a share from $2.90 and calendar 1999 to $3.30 a share from $3.70. -- cut Intel Corp (Nasdaq:INTC - news) calendar 1998 estimate to $3.90 from $4.10. Reduced calendar 1999 to $4.43 a share from $4.90. Maintained hold rating. -- cut Xilinx Inc [Nasdaq:XLNX - news] calendar year 1998 estimate to $1.74 from $1.80. Maintained buy rating. -- cut Altera Inc fourth quarter 1997 estimate to $0.39 a share from $0.40. Reduced calendar year 1998 to $1.75 from $1.89. Maintained hold rating. -- CUT LSI Logic Inc calendar 1998 estimate to $1.15 from $1.20. Maintained hold rating. More Quotes and News: Intel Corp (Nasdaq:INTC - news) Texas Instruments Inc (NYSE:TXN - news) Xilinx Inc (Nasdaq:XLNX - news) Related News Categories: EDA, US Market News, computers, semiconductors Help Copyright c 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon Important Disclaimers and Legal Information Questions or

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