To: sea_biscuit who wrote (15706 ) 8/17/2001 8:31:19 PM From: Teresa Lo Read Replies (1) | Respond to Well, that was probably appropriate on the way up, and notice now that it's lower, everyone gets used to it and the analysts all think it is going lower still?"Dell Computer (DELL 54 3/4 +3 1/2): Bear Stearns upgrades from ATTRACTIVE to BUY and raises target from $70 to $80; Banc of America raises to STRONG BUY, and Dan Niles at Robertson Stephens raises from BUY to STRONG BUY, raises price target to $65 citing a reacceleration in business that has followed the problems of last quarter... after the close, it was announced that Dell and Ariba (ARBA 298 -7 3/8) will create a broad B2B e-commerce alliance to provide customers with solutions to lower costs, drive new revenue opportunities and create competitive advantages." briefing.com "Other semiconductor stocks were also strong. Micron Technologies (MU) climbed 14% to $131 after receiving an endorsement from Robertson Stephens Wall Street Journal All-Star analyst Dan Niles. Niles boosted his rating on the memory-chip maker to Strong Buy from Buy, predicting that a shortage of DRAM chips by year-end will boost prices." stocksandmoney.com "This summer, though, the analyst expects the stocks to give all that back, and more -- which is exactly what happened in mid-1996. In his estimation, the stocks could dip as much as 15% below their first-quarter lows. "The stocks will wash out in summer as earnings estimates move to lower, more achievable levels," Niles asserts. thestreet.com
