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

To: McNabb Brothers who wrote (34607)	2/28/2002 8:23:28 AM
From: Mr. Big	Read Replies (1) \| Respond to of 99280

07:55 ET GNSS Genesis Microchip falls to $34 in pre-market (41.00) -- Update -- As reported at 7:38, both Prudential and CIBC World Mkts downgrading the stock, following last night's business update conference call. Lowering its rating to HOLD from Buy, Pru says disappointed by co's new MarQ top-line guidance given continued strong demand for flat panel displays so far in the year. Notes that a drastically (and unexpected) higher tax rate leads firm to cut estimates sharply. Reduces 2003 est to $1.40 from $1.75. Given lack of visibility into next year, Pru's new price target is $40. CIBC goes to Buy from Strong Buy and lowers price target to $45 from $85.