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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST

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To: stockbug who wrote (9716)4/23/1999 10:47:00 AM
From: Kent Rattey  Read Replies (3) of 13565
 
RESEARCH ALERT - Xilinx said cut
Reuters Story - April 23, 1999 09:19
NEW YORK, April 23 (Reuters) - Prudential Securities analyst Hans Mosesmann on Friday lowered his rating on semiconductor maker Xilinx Inc. to accumulate from strong buy, a source at Prudential said.

-- Mosesmann raised price targets on several other semiconductor industry companies, the source said.

-- Xilinx Inc. on Thursday reported fiscal fourth quarter earnings that excluding a charge were slightly better than Wall Street had expected.

-- Raised Atmel Corp. target to $26 a share from $22.

-- Raised American Xtal Technology Inc. to $30 from $25.

-- Raised Anadigics Inc. to $28 from $21.

-- Xilinx shares fell 4-1/2 to 48-5/8. Atmel fell 2-9/16 to 20-1/4, American Xtal fell 2-5/8 to 21-5/8 and Anadigics dipped 7/8 to 22-7/8.

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