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Technology Stocks : Power Integrations (POWI)
POWI 36.60+1.1%2:27 PM EST

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To: Jim Fraser who wrote (141)11/19/1998 11:50:00 AM
From: Pete  Read Replies (1) of 449
 
Looks like the party is over. The earnings won't hold according to these guys.

Pete

RESEARCH ALERT - Power Linear cut

NEW YORK, Nov 19 (Reuters) - Hambrecht & Quist said
analysts Gus Richard and Cristina Osmena cut ratings on Power
Integrations Inc. and Linear Technology Corp.
to buy from a strong buy.
-- For both companies valuation levels are high in front of
a seasonal slowdown in near-term demand but have passed the
peak seasonal build rates, according to the analysts.
-- Hambrecht is not expecting the same kind of upside to
Power Integrations' fourth quarter earnings as during the third
quarter.
-- The broker expects Power Integrations' FY 1998 EPS to be
$0.70 and FY 1999 to be $0.82.
-- Linear Technology FY1999 EPS estimate is $2.31.
-- Power Integrations shares were off 1-7/8 at 21 and
Linear shares were off 1/8 at 72-3/8 on Thursday.
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