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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (24793)	1/12/2000 1:12:00 AM
From: Johnny Canuck	Respond to of 68290

Despite good news these stocks took a pounding except INTC ********************** ********************** Semiconductor Intel (INTC 89 11/16 +3 15/16) CSFB upgraded from "buy" to "strong buy" and raised its price target to $150; sees a powerful upgrade cycle in 2000 after an ugly 1999... Company to report earnings on Thursday. Applied Micro Circuits (AMCC 136 3/32 -9 13/32) Banc of America Securities reiterated its "strong buy" on chip maker after the company reported another "crusher upside quarter"... Salomon Smith Barney raised estimates from $0.67 to $0.71 for FY00 and from $0.99 to $1.09 for FY01... Separately, Frost Securities initiated coverage with an "accumulate" rating Warburg Dillon Read analyst Gregory Mischou picks his four top semiconductor stocks for the first quarter of 2000: Atmel Corp. (ATML 28 7/16 -1/4), Cypress (CY )31 1/16 -3/4, MIPS Tech (MIPS 51 +7 35/64) and LSI Logic (LSI 65 11/16 -3/8); Mischou warned that there is the potential for up to a 15% correction in the next 30-45 days as the Philadelphia SOX index hit a recent high of around 730 PMC-Sierra (PMCS 152 7/8 -11 3/8) Morgan Stanley Dean Witter initiated coverage with an "outperform" rating and 12-month price target of $225 saying PMCS's access, ATM, and optical integrated circuits are critical building blocks for next generation networking infrastructure hardware. Vitesse Semiconductor (VTSS 45 5/32 -4 13/32) Lehman Bros. raised its price target on chip maker from $46 to $72 after the company posted earnings in line with estimates yesterday.