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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (11770)	2/28/2001 10:03:34 AM
From: Rashomon	Read Replies (1) \| Respond to of 30051

From a GS note from yesterday on communication chip co's, including BRCM and VTSS: >>> CONTINUE TO BE CAUTIOUS DESPITE POSSIBLE FED-INDUCED RALLIES Although a more favorable monetary policy will eventually help us out of the difficult times ahead, we believe it is likely to get worse before it gets better. We do not believe any near-term fed-induced rally will prove sustainable and continue to believe there is downside in the group until all hopes of a second half recovery are dashed. Although we do believe the comm IC companies will emerge from this downturn much stronger and more important in the food chain than ever before, we believe the stocks will begin to bottom when we can more accurately reflect the prospects for 2002.<<<