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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (8268)	6/18/2002 2:03:19 PM
From: Dave Gore	Respond to of 16631

Texas Instruments (TXN) 26.74 +0.10: In morning note, Wachovia initiated with a Buy rating and price target of $31, citing customer base exceeding 30,000, attractive catalog business, and strong customer relationships; leading semiconductor player in communications space, with growth driven by DSP and analog products; diversification in areas such as digital consumer and industrial; dominant position in wireless handset market; new product launches which could propel growth. * Cypress Semi (CY) 18.05 +0.13: Stock trading modestly higher for the third consecutive session, getting a lift from Wachovia initiation with a Buy rating and price target of $22, seeing attractive way to play next up cycle in semiconductor industry. Firm believes CY represents compelling investment due to immense operating leverage, stemming from owning its own fabs, and reasonable valuation. ** I don't necessarily trust analysts, but it's important to still note what they say because many still follow them. Also, I trust them a little more when the whole lot of them begins to upgrade stocks and sectors that have been badly beaten down. They have been upgrading the chip stocks this weeks as all the reaffirmations and besting of earnings have come in.