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

To: Mike 2.0 who wrote (1479)	2/16/2000 12:56:00 PM
From: BostonView	Respond to of 2882

Expect some upgrades and new price targets tomorrow: New York, Feb. 16 (Bloomberg) -- Terry Ragsdale, analyst with J.P. Morgan Securities in New York, comments on Analog Devices Inc., which reported that fiscal first-quarter earnings more than tripled on higher sales fueled by the demand for wireless products. On the company earning 50 cents a share; the average estimate of analysts surveyed by First Call/Thomson Financial was 45 cents: 'They beat it by a mile. It was a tremendous quarter, clearly well beyond what anyone was expecting.' On sales, which rose 63 percent over the year-ago quarter: 'The semiconductor industry is in great shape right now. All the things you expect to happen are in place. All the beautiful cyclical things are coming together.' 'Life is very good in the semiconductor-equipment business.' 'These guys are doing a really good job on two fronts. They have gone from a company with great technology to one that knows how to make products that customers want. And they shifted some capacity to Asia to cut costs.'

To: Mike 2.0 who wrote (1479)	2/16/2000 1:24:00 PM
From: BostonView	Read Replies (1) \| Respond to of 2882

More fun ADI quotes: `It's really the combination of those two technologies (analog and DSP), along with a very rich understanding of the markets and the architectures that are required, that is really allowing us right now to grow a lot faster than any of our competitors,' Fishman said, pointing to Analog's rapid revenue growth. That growth is aided by the recovery in the highly-cyclical semiconductor industry from a three-year slump that finally broke in the second half of 1999. The new expansion is expected to last through most of 2001, Fishman said. ``Right now we are in the early innings of this recovery,' Fishman said. dailynews.yahoo.com BV