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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Bocor who wrote (50011)8/1/2001 7:51:59 AM
From: advocatedevil  Read Replies (1) | Respond to of 70976
 
6:04AM Semiconductor Industry : Hearing that Merrill upgrading slew of chip stocks, noting that "the worst of the downturn is behind us." Among stocks company has reportedly upgraded: Analog Devices (ADI), Maxim (MXIM), Linear Tech (LLTC), RF Micro Devices, Texas Instruments (TXN), Micron (MU) and Semtech (SMTC)... More details to follow later... News should propel SOX index to key 627 area... Break of this ceiling (200-day moving average) would be seen by traders as bullish sign, not only for chips but rest of sector as well.
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Well, this should provide a boost to the sector this morning. It will be interesting to see how they close today.

AdvocateDevil