Altera Message Board - Msg: 6737083

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: A. Edwards who wrote (1942)	12/8/1998 10:03:00 AM
From: A. Edwards	Read Replies (1) of 2389

Semiconductor Outlook (12/8/98 before the open): Mark Edelstone of Morgan Stanley Dean Witter is bullish on the sector with the group having reached an key inflection point in the summer; sees sequential growth of 8% to 10% in Q4 and robust growth during the next two to four quarters on inventory accumulation cycle which should produce accumulated growth; raises price targets on the following semis -- Exel Ltd. (XL 74 11/16) from $70 to $80, Texas Instruments (TXN 85 11/16) from $85 to $100, Rambus (RMBS 94 7/8) from $80 to $110, Microchip Technology (MCHP 38 5/8) from $40 to $50, Intel Corp. (INTC 118 15/16) from $130 to $150, Altera Corp. (ALTR 56 5/8) from $60 to $70, Broadcom Corp. (BRCM 92) from $90 to $120, and Lattice Semiconductor (LSCC 40 11/16) from $45 to $55.....

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