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Technology Stocks : Cadence Design Systems -- Ignore unavailable to you. Want to Upgrade?


To: Sonki who wrote (601)12/15/1999 11:46:00 AM
From: Ellen  Respond to of 668
 
Wednesday December 15, 11:23 am Eastern Time

RESEARCH ALERT - Cadence raised to strong buy

NEW YORK, Dec 15 (Reuters) - Morgan Stanley Dean Witter on Wednesday said it raised Cadence Design Systems Inc. (NYSE:CDN - news) to strong buy from neutral.

-- Additional details were not immediately available.
-- shares of Cadence gained 1-3/16 to 18-15/16.



To: Sonki who wrote (601)12/17/1999 3:21:00 AM
From: XBrit  Read Replies (1) | Respond to of 668
 
target 30?

Wow. You think it will get that high before reality gets recognized?

My target is 26. Maybe I'm too conservative, but I saw the level of hype that previously surrounded this stock above 30, and it was 100% froth. I see nothing which justifies valuing the risen-from-dead company at the same levels as the pre-collapse company.