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

To: Jim Oravetz who wrote (2029)	8/18/2000 12:43:46 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2882

NEW YORK -- Semiconductor stocks, which have regained some of their lost luster this week, got another boost from a cadre of Merrill Lynch analysts who argued that the industry's fundamentals are healthy and the stock's cheap. Friday morning, the Merrill analysts led by Joe Osha argued in a conference call with clients and research notes that "the issues underpinning our mid-cycle correction scenario are dissipating." They raised industry growth forecasts and suggested investor's aggressively buy into the group. The semiconductor sector, which soared in 1999 and the first three months of this year, sold off in the spring and foundered most of the summer amid concerns that the industry was nearing the end of its growth cycle. Semiconductor cycles usually last two to three years, the current one is into its fourth year. The Philadelphia Semiconductor Index, which has see-sawed between its March peak of 1362 and May low of 822, recently was up 3.3% at 1148. The index has climbed 16% this week after some positive comments from an analyst at Salomon Smith Barney, who sparked some of the current concerns with bearish comments in July. Semiconductor firms, infamous for oversupplying the market at the wrong times, won't be able to boost capacity enough this year to create any problems, Merrill said. That should set the stage for higher average selling prices in the later half of the year and healthy revenue growth. The brokerage raised its estimates for global revenue growth to 40% ($209 billion), compared with earlier forecast of 32% growth ($196 billion). On a conference call with clients, Merrill's analyst reiterated their enthusiasm for "oversold" wireless semiconductor makers, such as Texas Instruments Inc. (TXN), STMicroelectronics NV (STM), Analog Devices Inc. (ADI), National Semiconductor Corp. (NSM), Cypress Semiconductor Corp. (CY) and Atmel Corp. (ATML). They also reiterated their positive ratings on major foundry operators, specifically Taiwan Semiconductor Manufacturing Corp. (TSM) and Chartered Semiconductor Manufacturing (CHRT). "We think that it is time to begin buying stocks in the sector aggressively and we expect to exit 2000 with semiconductor stocks at new highs," the analysts wrote. The analysts were less enthusiastic about the PC chip makers, specifically bellwether Intel Corp. (INTC). Osha insisted his tepid support wasn't a "negative call" but simply that's "not where the opportunity is right now." snip<> Jim

To: Jim Oravetz who wrote (2029)	8/21/2000 2:16:18 PM
From: Scrapps	Read Replies (1) \| Respond to of 2882

ZettaCom Appoints Analog Devices CEO Jerry Fishman to Board of Directors SAN JOSE, Calif., Aug. 21 /PRNewswire/ -- ZettaCom, Inc., a supplier of high-performance and configurable communication IC solutions, today announced the appointment of Mr. Jerry Fishman, President and Chief Executive Officer of Analog Devices (NYSE: ADI - news), to the Board of Directors of ZettaCom, Inc. Fishman will assist ZettaCom in becoming the leading provider of silicon solutions for tomorrow's advanced Internet infrastructure. He joins other prominent board members, Mr. Wu-Fu Chen, Mr. Promod Hague of Norwest Venture Partners, and Mr. Tony Sun of Venrock Associates. ``There has been an explosive growth in the optical networking market,'' said Jerry Fishman. ``ZettaCom is poised to capitalize on this growth by providing network communication ICs with the highest level of performance and configurability in the industry. I look forward to helping ZettaCom achieve long-term growth that we were able to achieve at Analog Devices.'' Mr. Fishman brings years of industry expertise to ZettaCom's Board. He began his career at Analog Devices in 1972 in product marketing. Over the next several years he held a series of management positions in marketing, operations and strategic planning, which led to being named General Manager of the Analog Devices Semiconductor Division in 1979. He was elected Vice President in 1980, Group Vice President in 1982, Executive Vice President in 1988, and President and COO in 1991. He holds a BSEE from the City College of New York, an MSEE from Northeastern University, an MBA from Boston University and a Juris Doctor degree from Suffolk Law School. ``We are excited to have Jerry join our Board of Directors and we look forward to his participation and contribution to ZettaCom's success,'' said Daryn Lau, founder and CEO of ZettaCom. ``His knowledge of the integrated circuits market and the years of experience at Analog Devices will complement our future goals.'' About ZettaCom, Inc. ZettaCom was founded to become the leading provider of semiconductor solutions for tomorrow's advanced Internet infrastructure. By partnering with network switching manufacturers and system vendors, ZettaCom will enable them to meet tomorrow's challenges and gain early market entry by delivering their ``Universal Switch Architecture'': powerful high-speed, feature-rich solutions in the high-end telecommunication markets. The privately-held company has completed its first round of funding from leading venture capital firms such as Venrock Associates, Norwest Venture Partners, and Mr. Wu-Fu Chen. SOURCE: ZettaCom, Inc.

To: Jim Oravetz who wrote (2029)	8/24/2000 10:56:40 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2882

I spoke with a distributor today regarding ordering more parts for a design I am finishing up. When I started with the ADI parts I heard kind of a gasp! The rep. stated that ADI is only quoting delivery of parts on a quarterly basis. They don't even want to talk to you (the accounting types ordering parts) on a regular basis. Suggestion, design with parts that are second sourced - avoid AD parts if you can. The other good thing, if there is one from my perspective, is the common digitial logic and buffer parts from TXN are on allocation! This is really bad since these parts are generally available for less than $2 each. There must be double and triple orders out there for parts. I can not explain why everything is in such short supply. Thanks for diggin' up the info on the INTC/ADI deal. Jim