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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (6592)	7/31/2003 8:13:39 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Merrill More Positive on Chip Stocks Thursday July 31, 8:08 am ET NEW YORK (Reuters) - Merrill Lynch on Thursday said many semiconductor stocks are poised to jump in value by as much as 20 percent to 40 percent when chip prices and demand rise. Analyst Joseph Osha wrote in a research note that he had shifted to "a more positive stance" on chip stocks overall, which have risen 45 percent in the last six months. Investors have piled onto chip shares in recent months amid early signs of a recovery from a three-year business downturn. Osha placed a "buy" rating on six chip makers previously rated "neutral": Intersil Corp. (NasdaqNM:ISIL - News), Linear Technology Corp. (NasdaqNM:LLTC - News), Maxim Integrated Products Inc. (NasdaqNM:MXIM - News), Microchip Technology Inc. (NasdaqNM:MCHP - News), National Semiconductor Corp. (NYSE:NSM - News) and Semtech Corp. (NasdaqNM:SMTC - News). In pre-open trading, shares of Intersil rose 5 percent to $24.20 from a Wednesday close of $23.06. National Semiconductor rose 2 percent to $21.20 from a Wednesday close of $20.76. "Most stocks in our universe end up showing between 20 percent and 40 percent upside potential," Osha wrote, referring to the group of chip stocks he covers.