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To: Lucretius who wrote (150153)	2/8/2002 9:14:58 AM
From: yard_man	Respond to of 436258

they are gonna be upgrading this stuff until the Naz is at 500 8:55AM: The pre-market tone remains positive. S&P futures at 1082, trade one point above fair value while the Nasdaq 100 pre-market indicator is higher by 13.2 points. Outside of the Sun Microsystems (SUNW) upgrade, there are also a few upgrades in the semiconductor sector worth mentioning. The first is a UBS Warburg upgrade of Texas Instruments (TXN 29.54) to Buy from Hold due to increased margin assumptions. The firm sees higher operating margins and earnings than previously expected saying it had underestimated the manufacturing leverage on cost-of-sales and management's determination to control operating expenses. UBS Warburg sees downside to $25 but 25% upside to new price target of $37. Separately, UBS Warburg is also upgrading National Semiconductor (NSM 25.40) to Buy from Hold and raising its 2002-03 estimates. After a recent company visit, the firm believes NSM will benefit from incremental business in displays and wireless handsets from market-leading customers such as Samsung, Nokia, and Ericsson. As a consequence, it sees 30% potential upside in the shares to $33 price target.