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To: aniela who wrote (8164)	3/5/2004 11:41:13 AM
From: Sultan	Read Replies (1) \| Respond to of 13403

OT 9:20AM SYXI: Janney starts with $16 tgt 9.05: Janney starts IXYS Corp. (SYXI) with a price target of $16. Firm believes co's shares will benefit from a favorable price environment in 2004 for its core discrete product line coupled with increased visibility in its integrated circuit products, which firm expect to ramp in 2005. Firm has outlined a solid cross section of IXYS' peers and has reached a mean average peak EDITDA price multiple of 11.9. This implies a 12-month target price of $16.