From Briefing.com:
SEMICONDUCTOR STOCKS. Chip makers are again in vogue as Prudential Securities initiated coverage of several
stocks in this group, providing the sector with an upward lift, and even helping issues that only received a "hold" rating this
morning. Prudential started coverage of Intel (INTC 86 1/16 +3), LSI Logic (LSI 26 1/2 +1 5/16), Altera Corp. (ALTR 37
11/16 +1 1/4), Xilinx (XLNX 41 1/18 +1 1/8), Lattice Semiconductor (LSCC 53 5/16 +2 3/4) Exar Corp. (EXAR 21 +1/2),
and Benchmarq Microelectronics (BMRQ 11 3/4 +1/2) with "buy" ratings and all these issues are posting nice gains, with Intel
leading the pact. The firm also selected Altera to its "Single Best Idea" list, a stock in need of a helping hand as this
programmable chip maker has been badly beaten-up during the past couple of months, falling from the $51 11/16 level in
early December when it warned about its 4Q results. Afterwards, the stock sunk to $30 less than two weeks ago after the
company reported its 4Q results and still managed to miss earnings estimates by a penny. But, Wall Street seems to be
warming up to these issues once more as Prudential also started coverage of Atmel (ATML 17 5/16 +1/8), Anadigics (ANAD
14 1/2 +1/4), and Advanced Micro Devices (AMD 20 3/8 +5/16) with "hold" recommendations, but these issues have
managed to translate a "do nothing" rating into positive gains today. Even issues like Micron Technology (MU 37 1/4 +2),
which had moved up on its own previous to today's ratings initiation, has been able to profit form the positive sentiments being
created by Wall Street.
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