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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (1468)	2/14/2000 4:25:00 PM
From: Junkyardawg	Respond to of 2882

LOS ANGELES (CBS.MW) -- Investors are getting excited about Analog Devices' (ADI: news, msgs) first-quarter earnings release. Hambrecht & Qusit's analyst Lucas Ward couldn't agree more with the positive sentiment. He believes the company could "significantly" beat his estimate of 43 cents a share. "We believe the analog sector continues to experience unseasonal strong demand, due to secular strength in communications and a resurgence in demand from Asia and the global PC market," said Ward in morning research notes. Analysts polled by First Call currently expect a profit of 45 cents a share, well ahead of the 18 cents recorded in the first-quarter of last year. "We believe that we are well positioned for a very good fiscal 2000," said Ray Stata, chairman, in the company's annual proxy release, "While some of our success can be attributed to a strong semiconductor cycle, we are mostly benefiting from our strong new product developments that are aimed at the fastest growing end markets." The report is slated for Feb. 16, Wednesday, before the market opens. The stock traded up 2 15/16 to 117 9/16.