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 : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: John Rieman who wrote (37859)	12/17/1998 11:10:00 PM
From: J Fieb	Read Replies (1) \| Respond to of 50808

For a lot of people CUBE is still only a SEMI company but the DRAM makers were on fire today 'cause of what they said............Can't we get a well know analyst to give a price on CUBE 3 yrs. from now? Chips gain on Micron Technology Computing stocks rise after analysts' outlooks By Tiare Rath, CBS MarketWatch Last Update: 4:24 PM ET Dec 17, 1998 Tech Report NewsWatch SAN FRANCISCO (CBS.MW) -- Shares of Micron Technology zoomed ahead Thursday, leading most semiconductor stocks higher, after a research firm set a 3-year, $200 price target on the stock. Micron Technology (MU), a Boise, Idaho-based memory chip maker, saw its stock soar 11 percent after BancBoston Robertson Stephens said it expects the stock will likely hit $200 a share by the end of 2001. "We're at the start of the next big cycle in semiconductors," said chip analyst Daniel Niles. Niles said he expects Micron's earnings will be twice where they at the peak of last cycle because he anticipates the company will have almost four times as much market share. Micron Technology's stock shot up 5 7/8 to 52 3/4. Shares helped pushed the Philadelphia Semiconductor Index up 4.7 percent, powering other chip stocks higher. Micron Technologies' options were also active earlier this week. See Options Watch. In addition, Niles reiterated his "strong buy" ratings on Texas Instruments and Intel. Texas Instruments' (TXN) shares jumped 4 9/16 to 83 15/16. Chip industry bellwether Intel's stock (INTC) gained 2 3/4 to 116 7/8. Applied Materials' (AMAT) shares gained 1 9/16 to 41 1/8, while Analog Devices' (ADI) stock advanced 1 to 27 1/8. Personal computer stocks also rose Thursday as analysts released positive reports on the industry's near-term outlooks, but they issued caution that selling prices may not be rising. BT Alex. Brown analysts said their checks with personal computer component vendors and equipment manufacturers turned up some good news: demand for the products is up in the fourth quarter, indicating better-than-expected sales. Some manufacturers are experiencing shortages of their products, while a disk drive product supplier may be sold out of a product line, the analysts reported. "We are not suggesting that we are back to an overall 'robust' environment, but conditions certainly appear to be stronger than many had expected coming into this holiday season," BT Alex. Brown wrote in a research note. In addition, the first quarter "no longer appears to be a 'black hole' with PC demand," the analysts wrote. Increased demand for products gives the analysts "increased confidence" in earnings outlooks for disk drive and PC makers in the first quarter. However, earnings could continue to be affected by selling price problems, BT Alex. Brown warned. Merrill Lynch analyst Steven Milunovich said he was "not convinced that (average selling prices) have stabilized, especially in the consumer space."