Wednesday, August 24, 2005

Techy Wacky

Techs helped tipped the scales into the positive region as valuations for names like STAT and UTAC were viewed as attractive after 4 weeks of selloff. US Piper Jaffray ignited the bargain huntung sentiment on laggards, calling STAT a "outperform". However, Techs continue to face pricing pressure and thus smaller revenue improvement despite higher shipments.

STI near term caps 2310s. Patience required , awaiting PML's 'renovation' plan to attract 'buyers'

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