10:56 XLNX Xilinx downgraded to Above Average from Buy at Caris (26.79 +0.50)
Caris downgrades XLNX to Above Average from Buy and lowers FY05 ests to $0.86 vs consensus of $0.88. Firm is concerned about gross margins going forward as well as the potential for prolonged revenue stagnation. Firm's checks suggest XLNX is registering continued weak bookings in early 2005, compounding the unseasonable weakness of the soon to be reported Dec 2004 Q3.
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