From the internet financial connection. Uh, you're associated with this cyber publication aren't you?
>>We are finding value in the
semiconductor stocks especially in some of
the large capital issues including Intel (INTC 82),
Micron Technology (MU 32 1/2) and
Analog Devices (ADI 21 3/8).
In the Spring of 1998, both Tom Kurlak of
Merrill Lynch, and Drew Peck of Cowen &
Company, the two most influential
semiconductor analysts on Wall Street, turned
negative on Intel. At this same time, during an
interview on CNBC Squawk Box we were
recommending investors purchase Intel. Intel
stock is trading up 20 plus points since our
buy recommendation for the exact reasons we
stated; better than expected cost of sales
performance and an expected up tick in
demand for computer chips in the second half
of 1998. We look for Intel shares to continue
to move higher.
More recently, we added Micron
Technology to our buy list, based on a belief
of stabilization in the market for DRAM
prices. A number of key players in Asia are
either cutting back or eliminating production
including Fujitsu, Hitachi, Toshiba and
Mitsubishi Electric. Also, Microsoft
recommends 128MB of memory for
customers running NT 5.0. Micron is the low
cost producer in the memory market, and
prices for 16-megabite DRAM, after falling
90% are poised to stabilize.<< |
