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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: DJBEINO who wrote (4328)	12/8/1998 10:43:00 AM
From: DJBEINO	Read Replies (1) of 9582

Semiconductor Outlook: --CORRECTION-- 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 -- Xilinx (XLNX 61 3/4) 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..... =========== Applied Materials (AMAT) 45 13/16 +1 9/16: CIBC Oppenheimer initiates coverage of semiconductor equipment supplier with "strong buy" with a price target of $60; improving supply/demand in IC markets and stabilization and recovery of demand from Asia should enhance pricing, revenue, and profit outlook; AMAT to leverage technology leadership and installed base of cluster tools and platform commonality with new product releases; despite recent appreciation in the stock, there is potential for further gains.....

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