Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altera -- Ignore unavailable to you. Want to Upgrade?

To: Ali Shahbaz who wrote (1382)	12/1/1997 10:08:00 PM
From: Jake	Read Replies (1) \| Respond to of 2389

I don't know how Xilinx did today but ALTR was up 4 almost 5 points.

To: Ali Shahbaz who wrote (1382)	12/2/1997 9:02:00 AM
From: Stu	Read Replies (1) \| Respond to of 2389

Hey, yeah, big move today. If it wasn't for the strong volume, I'd say it's just the natural volatility. The move solidly flipped a lot of my technical indicators back to bullish. I haven't seen any news on FPGAs, but I did see that ALTR was downgraded. Pretty good move for a downgrade. Edelstone at MSDW lowered this year's estimates to $1.54 from $1.56 and put the stock at neutral from outperform. Two cents isn't that big of a deal. '98 estimates dropped from $1.95 to $1.80. A 7.6% drop is a pretty big deal. Especially since MSDW had previously upgraded them to outperform this past October. XLNX also moved up strongly. A little more than 5.5, I think. A.G. Edwards and Cowens just came out with reports. I haven't seen them yet. Ragsdale at JPM gave XLNX a buy. He put his 12-month target at $52. Still looking for the news that moved these two stocks. If anybody sees anything, let me know. Otherwise, I guess it was just market pull.