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Technology Stocks : Microchip technology (MCHP) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Salasidis who wrote (306)	5/6/1998 7:26:00 PM
From: Robert Salasidis	Read Replies (2) \| Respond to of 475

The trend continues. Broke 30$ range convincingly. No news that I have heard. Next major resistance will be around 35$. I got some new info on the PIC Master development replacement - it will cost a little less than the current PIC Master (about 2k$). It will support up to 40 MHz, and should be on the market around August. Although MCHP makes most of its money from selling their chips, I expect them to generate some revenues from their new tools, which should also help their chip sales going forward.