I have not read any thing on Kurlak today.
Could some post what he said so I can keep up to date on news.
Larry dudash
1. CNBC before opening.
2. briefing.com:
12:53 ET Kurlack Speaks: Merrill Lynch's Thomas Kurlak talking up chips today.
However, only likes the ones with no PC exposure -- companies focused on networking
and telecom. On the list are: LSI (23 7/16 +2 7/16), BRCM (53 5/8 +1 5/8), which is
aN April IPO that came out at $24), PMCS (43 1/8 +3 5/8), GALTF (17 9/16 +9/16),
and VTSS (26 7/8 -1/16). For Kurlak's comments on LSI, see Story Stocks.
3. Story stock:
LSI LOGIC (LSI) 23 7/16 +2 7/16. When Tommy K. starts talking up chip stocks (a group
which has been negative on for several months now), it probably makes sense (and money) to
pay close attention. We are referring to Merrill Lynch chip guru Thomas Kurlak, an analyst who
we have found to be a flat out money maker for his clients. Today, Mr Kurlak (who, by the
way, was one of the first to turn negative on Intel and Micron), is making bullish comments on
chip maker LSI. In his opinion, LSI will see its earnings begin to rebound ahead of the overall
sector. He makes this projection based on the fact that LSI does not have the type of consumer
exposure that many other group names have. Translated: LSI doesn't sell chips in the
cut-throat, skinny margin PC market. This company is focusing its efforts on the
rapidly-expanding data networking and telecommunications markets. Based on LSI's improving
fundamentals and below average P/E, Merrill Lynch has raised its rating on the stock from
"neutral" to "accumulate." The firm is also pushing up earnings estimates for the next two years,
with its 1998 view increasing 4 cents to $1.00 a share and its fiscal 1999 view going up 35
cents to $1.55, a 29% increase.
regards,
BPP |
