Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

A little look back at what the analyst's had to say about the semi's last june :
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19021703

june 11, 2003

07:40 ET TXN Texas Instruments cut to Sell from Hold at Deutsche; price target cut to $16 (20.39) -- Update --
07:25 ET TXN Texas Instruments downgraded following warning (20.39) -- Update --

chart=TXN
http://stockcharts.com/def/servlet/SC.web?c=TXN,uu[h,a]waclyyay[pb50!b200][vc60][iUc20!La12,26,9]&am...

Also Banc of America Sec is downgrading stock to Neutral from Buy after co guided Q2 sequential rev growth to the 5% range from previous forecast of 7%. BofA is lowering its 2003 est to $0.34 from $0.38 and 2004 to $0.75 from $0.80. (Briefing Note: An hour before the close yesterday, Briefing.com reported market chatter that TXN would warn ahead of today's presentation at the Bear Stearns conference).

07:44 ET Semiconductor sector cut to In-Line from Attractive at Morgan Stanley
While Morgan Stanley believes that industry's fundamentals are improving, firm also thinks the sharp share price rise in recent months and the potential that near-term earnings risk may increase suggest the reward-to-risk relationship is becoming less favorable


I suppose TXN needs to retrace to around $25 now , LOL...but weren't they so premature ?