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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Tiley who wrote (20087)	3/4/1999 10:53:00 AM
From: mattie	Respond to of 69867

I saw LEVL down but don't know why. I was watching BRCM too, that break below 56 yesterday was not good. Looks like it should be a good short.

To: Tiley who wrote (20087)	3/4/1999 11:10:00 AM
From: Suresh	Read Replies (1) \| Respond to of 69867

Manish, secondary offering is the reason for LEVL's down move today (I heard it on CNBC). -Suresh

To: Tiley who wrote (20087)	3/4/1999 12:38:00 PM
From: drsvelte	Respond to of 69867

From Briefing.com... Level One Communications (LEVL) 28 7/8 -3 1/2: Adams Harkness downgrades designer and developer of integrated circuit products from "strong buy" to "accumulate" as hub business is being cannibalized by switch business; company has greater exposure to the hub market than the switch market; also believes that book-to-bill for June quarter will now be below 1.1, probably closer to 1.05; lowers FY99 EPS estimate from $1.26 to $1.20 and FY00 EPS from $1.59 to $1.52 a share.....