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To: rairden who wrote (23939)8/7/2001 7:54:07 PM
From: Bob Kim  Respond to of 25814
 
They could take it down some more, but I don't recall a US chip stock going below a Neutral/Neutral rating at ML. When the semis turn, these lower rated stocks are often among the better performers. BTW, INTC is the second lowest rated stock. It had a Neutral/Neutral about three years ago, less than a year after, it was back up to Buy/Buy.