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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (32977)	2/25/2002 8:04:40 AM
From: Ted Downs	Read Replies (1) \| Respond to of 99280

7:52AM Citrix Systems upped by UBS; selling overdone (CTXS) 13.50: UBS Warburg upgrades to STRONG BUY from Hold. Says concerns over a lower level of PC server industry shipments, increased Microsoft competition and disappointing Jan. sales trends have hammed stock. Believes mgmt adequately reset the earnings bar last month to an achievable level; thinks concerns over Microsoft competition are overdone. Firm has a $25 price target. 7:52AM Sun Microsystems upped at BofA on valuation (SUNW) 8.07: Banc of America upgrades to BUY from Mkt Perform; stock is down over 40% in the last 30 trading days, which the firm believes reflects more realistic expectations; IT spending should resume in 2H02, which should lead to greater top-line growth leverage for the co vs its peers due to higher fixed cost structure. Price target is $10. 7:40AM QUALCOMM rises 6.5% to $34.85 (QCOM) 32.70: 7:31AM QUALCOMM reaffirms Q2 guidance of $0.20 (QCOM) 32.70: Ahead of 4:30 conference call, co reaffirms Q2 outlook of approx. $0.20 a share (consensus $0.20). "Our second fiscal quarter targets for MSM phone chip shipments are coming in on the upper end of our original estimate of 13-14 million units, and our CDMA2000 1X chip shipments are expected to be approximately one million units higher than our original estimate."