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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: kash johal who wrote (30511)	12/8/1998 12:07:00 PM
From: Jeff Goodman	Respond to of 33344

Upgrade on semiconductor sector: biz.yahoo.com NSM is not included on this list, but a rising tide.... >I am forecasting a (0.20-0.30) overall after writeoffs. >But actual biz. before write offs will be positive earnings. >Also the outlook for 99 will be quite positive as for other Semi guys. I agree with you, Kash. Quote from the article below: ------------------------------- RESEARCH ALERT - Morgan ups semiconductor targets NEW YORK, Dec 8 (Reuters) - Morgan Stanley Dean Witter analyst Mark Edelstone on Monday raised price targets on several semiconductor stocks, saying the industry is in the early part of a growth cycle for the next few years. -- raised Intel Corp (Nasdaq:INTC - news) to $150 from $130. -- raised Lattice Semiconductor Corp (Nasdaq:LSCC - news) to $55 from $45. -- raised Altera Corp (Nasdaq:ALTR - news) to $70 from $60. -- raised Texas Instruments Inc (NYSE:TXN - news) to $100 from $85. -- raised Xilinx Inx (Nasdaq:XLNX - news) to $80 from $70. -- Broadcom Corp (Nasdaq:BRCM - news) raised to $120 from $90. -- Microchip Technology Inc (Nasdaq:MCHP - news) raised to $50 from $40. -- Rambus Inc (Nasdaq:RMBS - news) raised to $110 from $80. -- Edelstone sees revenues for overall semiconductor industry growing 8 percent to 10 percent sequentially in fourth quarter. -- says year-over-year revenue comparisons should turn positive in January. -- sees inventory accumulation cycle beginning in next two to four quarters, which he says should promote accelerated growth as 1999 unfolds. -- sees ''numerous positive earnings suprises'' in the fourth quarter. -- believes new bull market has started to positively impact the semiconductor stocks. ---------------------------------------------------