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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: HoodBuilder who wrote (353)	1/8/1998 3:38:00 AM
From: zx	Read Replies (2) \| Respond to of 2341

hi michael, i like your idea about intel. if you try it let us know. ag

To: HoodBuilder who wrote (353)	1/9/1998 12:26:00 AM
From: flickerful	Read Replies (2) \| Respond to of 2341

michael... from a dec 24 lehman bros semiconductor analysis, for what it's worth..... << THIS WEEK WE NOTE P2-233s HAVE FALLEN ANOTHER 20% TO WELL BELOW LIST. WE REMAIN CAUTIOUS ON INTEL (INTC-$71 7/16-2). OVERVIEW - STILL BAD NEWS NEAR TERM: 1) DECELERATION, 2) ASIA/PACIFIC. EXPECT TURNAROUND IN EARLY 1998 WITH ACCELERATING GROWTH THROUGH THE YEAR. We continue to see 2 short term themes: 1) Deceleration, 2) Asia/Pacific. Deceleration is apparent in National Semiconductor's (NSM-$26 7/8-1) slowdown from 40% to 8% year-over-year order growth Aug. - Nov. (or the peaking of worldwide IC unit growth at 35% last July; latest data shows 24% growth in October). Asia/Pacific's impact is apparent directly in the bankruptcy of Lattice's (LSCC-$54 1/4-1) key disti. in Korea and indirectly in the flood of low priced DRAMs as sales to Asia/Pacific are redirected to the U.S. Our EPS projections remain at the low end of the street and still appear somewhat optimistic. Companies with lowest Asia/Pacific exposure are Vitesse (VTSS-$38 1/4-1), Xilinx (XLNX-$35 3/4-1), and Avnet (AVT-$66 3/4-1), among our favorites. >> randy